Angel investors are an essential part of the startup ecosystem. In fact, angel investors offer a high percentage of venture capital funding for startups that grow into successful businesses. They are also often the first people to see the potential of an idea or business – and they are willing to take a chance and invest their own money in you.
Angel investors can be a great resource when it comes to securing funding for your startup, especially if you live outside of Silicon Valley where most of the big venture capital firms are. Below is a list of some Michigan-based angel investors who have been involved in many successful ventures over the years:
1. 100,000 businesses
100K Ventures is a Michigan-based venture capital firm that invests in early-stage companies. Founded by two experienced entrepreneurs, Dr. Shamsuddin Zaman and Dr. Ahmed Zaman, 100K Ventures is dedicated to helping promising startups realize their full potential. The firm makes investments ranging from 0,000 to million and has invested in more than 200 companies since its founding in 2017.
In addition to being a general partner for several venture capital funds, Shamsuddin Zaman is an adjunct professor at the University of Michigan’s Ross School of Business where he teaches entrepreneurship courses and advises student start-ups at through their growth trajectory. Ahmed Zaman is currently President and CEO of Integro Technologies Inc., an international IT consulting firm based in Farmington Hills, MI; He also sits on several boards, including Angelopolis Group (Chairman), Stryker Corporation (Board Member), New York Life Insurance Company (Board Member)
2. Biostar Capital
Biostar Capital is a seed-stage venture capital fund that invests in early-stage healthcare and life science companies that are developing innovative medical devices, technologies and services. Biostar Capital was founded by Dr. Stephen G. DeAngelis and Dr. Jeffrey M. DeAngelis in 2003 to fund promising concepts in new areas of need in the healthcare industry.
The company has invested more than billion in more than 350 early-stage companies across multiple industries, including technology innovation that improves the quality of patient care or reduces costs through improved efficiency, as well that efforts to address unmet needs to treat disease conditions through new drug discovery or development programs and regulatory approval processes by regulators worldwide, including FDA/FDA equivalent agencies to abroad; Also backed by venture capital debt funds such as Victory Park Capital’s (UHG) Health Practice Group.
3. Annox Capital
Annox Capital is a venture capital firm that invests in early-stage companies in the technology, healthcare and life sciences sectors. Annox is a New York-based venture capital firm that invests in early-stage companies in the technology, healthcare and life sciences industries.
Annox Capital is a venture capital firm that invests in early-stage companies in the technology, healthcare and life sciences sectors.
The company has a particular interest in companies that develop products or services that improve the quality of life for individuals and families. Annox Capital is a New York-based venture capital firm that invests in early stage companies in the technology, healthcare and life sciences sectors.
4. Michigan Angel Fund
Founded in 2005, the Michigan Angel Fund is a non-profit organization that invests in start-up companies. The fund is one of Michigan’s largest angel networks and has invested more than million in 150 companies. He is also a member of the National Association of Seed and Venture Funds (NASVF), which represents over 200 investor groups in North America.
The Michigan Angel Fund has invested in more than 30 Michigan companies, including Detroit-based technology company Airwatch, which Hewlett Packard Enterprise acquired for billion in 2015.
5. IRFAN Council
IRFAN Consultancy is a venture capital firm that invests in early-stage technology companies. The company was founded in 2008 by Irfan Ahmed and Vinod Kumar. IRFAN Consultancy has invested in over 100 companies, including an undisclosed stake in Google India’s parent company, Alphabet Inc., which went public on April 19, 2004.
In addition to its investments, the company offers executive coaching services through its subsidiary ICUP Technology Solutions Pvt Ltd.
6. True North Equity
True North Equity is a Michigan-based angel fund founded in 2013 by Jim Hinchliffe and Dan Gilbert. The company invests in early-stage ventures, with a focus on technology and the internet. True North’s portfolio includes over 30 companies, including Grabble, Sharecare and MobileXpression.
Jim Hinchliffe is the CEO of True North Equity. Prior to founding the firm, he served as President of Quicken Loans from 2005 to 2013 where he led all company operations as well as strategy formation for its national expansion plan. He also held several leadership positions in Progressive Insurance, including Chief Technology Officer and Senior Vice President of Business Development and Strategy, where he helped drive the business unit’s transformation online. into one of progressive’s fastest growing business units.
7. GHS Wealth Management
SGH Wealth Management is a full-service wealth management firm headquartered in Detroit, Michigan. Founded in 1982, SGH has over .5 billion in assets under management and is one of the largest independent wealth management firms in the state of Michigan. The firm serves high net worth individuals in Southeast Michigan and beyond by providing comprehensive financial advice related to investment planning, retirement planning, estate planning and tax planning.
The Company is a member of the Financial Planning Association and the National Association of Personal Financial Advisors. The company has been recognized by Inc. magazine as one of Michigan’s fastest growing companies.
Longyear is a venture capital firm with a focus on early-stage investments in technology-enabled companies. The company’s primary focus is on the Midwest, with particular focus on Michigan and Chicago.
Longyear’s investment activities include:
- Early Stage Venture Capital – Longyear invests in Seed and Series A spins in the following sectors: Financial Technology (FinTech), Health Tech, Mobility/Mobile First, AI/Machine Learning, Ecommerce and Big Data Analytics.
- Liquidity Events – Longyear has an active secondary market for its portfolio companies through third-party buyers or through the sale of shares subject to lock-in agreements with existing investors.
9. Altruis Capital
Altruis Capital is a venture capital firm that invests in early-stage companies with strong growth potential. The company was founded in 2017 and has raised over 0 million.
The company’s mission is to help forward-thinking companies grow and evolve, by partnering with motivated entrepreneurs. They offer support in all aspects of business development, including strategic planning, recruiting talent, and developing marketing plans that can help your business succeed.
The company has a strong track record of helping startups succeed, and their portfolio includes companies such as Boxed, DocuSign, and Grubhub. They have offices in New York, San Francisco and Los Angeles.
Considering the list of angel investors and their history of investing in Michigan, we can conclude that there are many opportunities for startups and entrepreneurs to get funded. However, before diving into the world of angel investing, make sure you understand what it takes to be successful.