Michigan's Top 14 Investor Venture Capital Firms [2023]

Venture capital firms are an important part of the venture capital ecosystem. Venture capitalists are investors who provide funding to startups in exchange for equity. They are different from other types of investors because they invest in high-risk, high-reward ventures that might otherwise obtain funding from traditional sources like banks or angel investors. And unlike public markets, where value is determined by supply and demand for stocks, venture capitalists have a vested interest in seeing their investments succeed.

1. Beringea

Beringea is a venture capital firm that invests in early-stage technology companies in the Midwest. Beringea is a member of the Michigan Venture Capital Association (MVCA) and has invested over billion in more than 100 companies since its founding in 2000. It has offices in Ann Arbor, Detroit, Flint and Traverse City.

In addition to providing funding for startups through its direct investments, Beringea also serves as an incubator for new businesses by providing access to office space, business development resources, and an extensive network of advisors across multiple industries.

2. Ann Arbor Spark

Ann Arbor Spark is a business incubator that helps entrepreneurs and startups grow their businesses. Ann Arbor Spark is a nonprofit organization that provides business accelerator programs, venture capital funding, and other services to help entrepreneurs and startups grow their businesses in Washtenaw County.

Ann Arbor Spark is a nonprofit organization that provides business accelerator programs, venture capital funding, and other services to help entrepreneurs and startups grow their businesses in Washtenaw County.

3. Big Adventure

Grand Ventures is a venture capital firm based in Detroit, Michigan. The company invests in early-stage companies and provides them with strategic advice, financial support and business development services. Grand Ventures was founded by Mike Finkelstein, who previously served as CEO of Quicken Loans.

In 2019, the company raised 5 million for its fourth round of fundraising at 0 million, making it one of the largest seed-stage investors in the country today. In total, Grand Ventures has invested over billion in more than 100 companies in North America since its founding

4. Dart

Dart Bank is a full-service bank with over .2 billion in assets and over 250 employees. The bank offers a wide range of products and services to individuals and businesses, including commercial banking, personal banking, wealth management and investment services.

The company’s foundation was laid in 2008 when the Federal Reserve Bank of Chicago approved Dart Financial Corp’s application for charter. of its Lafayette branch as an Industrial Loan Company (ILC).

5. Fontinalis Partners

Fontinalis Partners is a venture capital firm focused on early-stage investing in the Midwest. The company has invested in more than 60 companies, including Arbor Networks, Corelight and Emcore. Fontinalis Partners has raised over billion for its portfolio companies and has generated an average IRR of 24% on these investments since inception.

The company has offices in Milwaukee and Chicago.

Fontinalis Partners was founded in Chicago in 1991 by Michael S. Rosenfeld and David G. Harris, both previously with the first National Bank of Chicago. The company has invested in more than 60 companies, including Arbor Networks, Corelight and Emcore. Fontinalis Partners has raised over billion for its portfolio companies and has generated an average IRR of 24% on these investments since inception.

6. Ventures arboretum

Arboretum Ventures is a San Francisco-based venture capital firm focused on early-stage companies focused on healthcare, education, and technology. The investment range offered by Arboretum is between 0,000 and million. They invest in seed and early stage companies that have a strong focus on the Midwest market.

Arboretum was founded in 2013 and has invested in over 30 companies to date. The company has been an active participant in the Midwest ecosystem by investing, mentoring, and connecting entrepreneurs to other organizations.

7. Growth of Plymouth

Plymouth Growth is a venture capital firm that invests in start-up companies. The company was founded by former Plymouth Bank CEO William MacLeod.

Plymouth Growth invests in Michigan startups looking to grow their business.

The company focuses on the following industries: commercial lending, consumer finance and healthcare services.

8. Capital Markets Vice

Capital Markets Vice is a venture capital firm that invests in early-stage companies. The company was founded in 2017 and has invested in over 20 companies since then. The Capital Markets Vice is headquartered in Ann Arbor, Michigan.

The capital markets vice invests in early-stage companies that are disrupting the financial industry. The company specializes in lending to tech startups, including those involved in blockchain and cryptocurrency.

The company was founded by a group of entrepreneurs and venture capitalists, who have over 100 years of combined experience in the financial industry. The firm has an experienced team of investment professionals and advisors on staff.

9. Ludlow Ventures

Ludlow Ventures is a venture capital firm that invests in early stage companies. The firm has invested in more than 170 companies, including ExactTarget (acquired by Salesforce), BrainShark and Blinksale.

Founded in 1999 by David Bohnett and Alan Glazen, Ludlow focuses on providing seed stage financing for emerging technology companies. Ludlow typically invests between million and million per funding round, with the average investment being million. In total, the company has raised over 0 million across 14 funds to date.

10. Crestmark Bank

Crestmark Bank is a private equity firm that provides debt and equity financing to small and medium-sized businesses. Founded in 1989 by Howard Schlossberg and Ron Robinson, Crestmark Bank has offices in Michigan, Ohio, Pennsylvania, Virginia and Florida.

Crestmark Bank is a commercial lender that provides commercial loans to small and medium businesses. The company was founded in 1989 by Howard Schlossberg and Ron Robinson, who wanted to provide financial services to businesses that could not obtain financing from banks. Today, the firm has over billion in assets under management and operates branches in Michigan, Ohio, Pennsylvania, Virginia, and Florida.

11.DFCU Financial

DFCU Financial is a community bank that provides financial services to over 200,000 individuals and small businesses. DFCU Financial has .7 billion in assets and nearly 400 employees. The company was founded in 1920 as Detroit Federal Savings Bank by immigrants from Austria who wanted to create a community-oriented bank with a focus on families buying homes and starting businesses. Today, it offers personal loans; Mortgages; home lines of credit; debit cards; verify accounts; savings accounts; certificates of deposit (CD); money market accounts; IRA accounts; Retirement plans for owners of small businesses with less than 100 employees (401k), as well as other investment products for businesses with more than 100 employees (defined contribution plans such as profit sharing or 401k).

12. Gateway Financial Solutions

Gateway Financial Solutions is a venture capital firm that invests in early-stage startups. The focus is on investing in Michigan and the Midwest. Gateway Financial Solutions has invested in companies like Motormindz, a Detroit-based software company that uses artificial intelligence to help build self-driving cars and self-driving vehicles.

Gateway Financial Solutions started as a team of Rocket Fiber, an Internet provider founded by Dan Gilbert who also owns the Cleveland Cavaliers professional basketball team.

13. Motormindz

Motormindz is a venture capital firm that invests in early-stage startups. The firm is based in Ann Arbor, Michigan and has invested over 0 million in more than 100 companies since 2010.

Motormindz’s portfolio includes companies like Frank & Oak (one of Fast Company’s most innovative companies), BuildAsign (a digital print marketplace) and LaunchDarkly (a cloud software company).

Motormindz was co-founded by Ravi Adusumalli and Ryan Sarver in 2010. Prior to starting Motormindz, Adusumalli worked for McKinsey and Company as a consultant and Sarver worked at Google. Their goal was to build a company that would invest in startups with great potential.

14. Top Flite Financial Services

Top Flite Financial Services is a financial services company based in Ann Arbor, Michigan. The company was founded by former employees of another investment company who wanted to establish their own venture capital firm. Since its founding in 2002, Top Flite has grown to over billion in assets under management and has attracted high-profile investment partners, including former Secretary of State Condoleezza Rice, who is an executive partner of the society.

Top Flite currently manages over 30 private equity funds focused on investing in technology companies in the US, Europe and Asia/Pacific. Its portfolio includes companies such as ConvergeOne Solutions Inc., which provides real-time contact center solutions; and Invvision Technologies Inc., which develops software testing solutions for enterprises globally

Conclusion

As the industry continues to grow, so does the number of venture capital firms in Michigan. The state has become a hotbed for startups seeking funding and entrepreneurs seeking investors. With these 14 venture capitalists investing in Michigan, there are more opportunities than ever.