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Michigan Angel Fund

North America, Michigan, United States, Ann Arbor

Description

The Michigan Angel Fund (MAF), based in Ann Arbor, Michigan, is a professionally managed venture fund dedicated to investing in promising early-stage companies within the state. Established in 2008 and managed by Ann Arbor SPARK, MAF plays a crucial role in nurturing Michigan's entrepreneurial ecosystem by providing vital capital to high-growth potential businesses. Its mission is to generate significant returns for its investors while simultaneously fostering economic development and job creation across the region.

MAF primarily targets companies poised for rapid growth and substantial returns, with a particular focus on sectors such as high-tech, life sciences, and advanced manufacturing. The fund typically provides initial investments ranging from $250,000 to $1,000,000, demonstrating a commitment to supporting companies through their critical early development phases. Beyond initial capital, MAF also considers follow-on investments, indicating a long-term partnership approach with its portfolio companies. This strategic funding helps accelerate the commercialization of innovative technologies and business models emerging from Michigan.

Since its inception, the Michigan Angel Fund has made a significant impact on the state's startup landscape. As of recent reports, MAF has deployed over $15 million in capital across more than 30 companies, underscoring its active role in stimulating local innovation and economic vitality. The fund's disciplined investment process, combined with its deep ties to the Michigan business community, positions it as a key resource for entrepreneurs seeking early-stage funding and strategic guidance within the state.

Investor Profile

Michigan Angel Fund has backed more than 41 startups, with 0 new investments in the last 12 months alone. The firm has led 11 rounds, about 27% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, South Africa.
  • Strong thematic focus on Software, Information Technology, Analytics.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (46%)
  • Series A (29%)
  • Series Unknown (12%)
  • Series B (7%)
  • Series C (2%)
  • Convertible Note (2%)

Country Focus

  • United States (98%)
  • South Africa (2%)

Industry Focus

  • Software
  • Information Technology
  • Analytics
  • Health Care
  • Biotechnology
  • Medical Device
  • Medical
  • Saas
  • Robotics
  • Manufacturing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Michigan Angel Fund frequently co-invest with?

Invest Michigan
North America, Michigan, United States, Detroit
Co-Investments: 3
Red Cedar Ventures
North America, Michigan, United States, East Lansing
Co-Investments: 4
Capital Community Angel Investors
North America, Michigan, United States, East Lansing
Co-Investments: 4
Michigan Rise
North America, Michigan, United States, East Lansing
Co-Investments: 3
Northern Michigan Angels
North America, Michigan, United States, Traverse City
Co-Investments: 3
Invest Detroit
North America, Michigan, United States, Detroit
Co-Investments: 3
Grand Angels
North America, Michigan, United States, Holland
Co-Investments: 3
I
North America, Michigan, United States, Farmington Hills
Co-Investments: 4
Wakestream Ventures
North America, Michigan, United States, Grand Rapids
Co-Investments: 7
North Coast Technology Investors
North America, Michigan, United States, Ann Arbor
Co-Investments: 3

Which angels does Michigan Angel Fund often collaborate with?

SL
North America, Michigan, United States, Detroit
Shared Deals: 1
NN
Shared Deals: 1
RH
Europe, England, United Kingdom, London
Shared Deals: 1
Lior Prosor
Asia, Israel
Shared Deals: 1
AD
Europe, England, United Kingdom, London
Shared Deals: 1
PS
North America, Michigan, United States
Shared Deals: 1

What are some of recent deals done by Michigan Angel Fund?

Sniffer Robotics

Ann Arbor, Michigan, United States

A New Performance Standard for Managing Methane Emissions

DronesEnvironmental ConsultingEnvironmental EngineeringInformation ServicesOil and GasRoboticsSensorWaste Management
SeedApr 18, 2023
Amount Raised: $2,000,000
Genomenon

Ann Arbor, Michigan, United States

Genomenon develops software tools to rapidly and autonomously prioritize data points for decision-making.

Developer ToolsEnterprise SoftwareGeneticsMedicalSoftware
Series BMar 8, 2022
Amount Raised: $20,000,000
BitLyft

East Lansing, Michigan, United States

BitLyft expertise in custom developed security services for cyber security.

Cyber SecurityInformation TechnologySecurity
SeedNov 2, 2021
Amount Raised: $1,000,000
KUHMUTE

Flint, Michigan, United States

KUHMUTE provides safe and secure e-mobility charging infrastructure for private-shared fleet operators and personally-owned devices.

Charging InfrastructureEducationElectric VehicleLast Mile TransportationLogisticsManufacturingPower GridReal EstateSharing Economy
SeedOct 10, 2021
Amount Raised: $800,000
Genomenon

Ann Arbor, Michigan, United States

Genomenon develops software tools to rapidly and autonomously prioritize data points for decision-making.

Developer ToolsEnterprise SoftwareGeneticsMedicalSoftware
Series AMar 16, 2021
Amount Raised: $5,300,000
Shoulder Innovations

Holland, Michigan, United States

Shoulder Innovations is a medical device company that develops inset glenoid fixation technology.

BiotechnologyHealth CareInformation TechnologyInnovation ManagementMedical Device
Series UnknownNov 2, 2020
Amount Raised: $21,600,000
AdAdapted

Ann Arbor, Michigan, United States

AdAdapted is a digital engagement and insights platform for CPG brands and agencies.

AdvertisingAnalyticsBrand MarketingDigital MediaSoftware
Series AJul 14, 2020
Amount Raised: $2,000,000
Circadian Risk Inc.

Ann Arbor, Michigan, United States

Circadian Risk provides physical security risk assessment software to reduce risk to people and critical assets.

AppsSecuritySoftware
SeedJun 1, 2020
Amount Raised: $1,900,000
Facility Health

Grand Rapids, Michigan, United States

Facility Health offers software and engineering services solutions for the analysis of assets.

AnalyticsHealth CareInformation TechnologySoftware
SeedJan 30, 2020
Amount Raised: $1,299,999
Ripple Science

Ann Arbor, Michigan, United States

Ripple Science accelerates clinical research with its HIPAA-compliant suite of tools.

Clinical TrialsHealth CareSaaSSoftware
SeedJan 7, 2020
Amount Raised: $2,500,000