Displaying items tagged: Michigan Capital Network

GRAND RAPIDS — Michigan Capital Network netted $37.5 million to date in its drive to raise $50 million for a fourth venture capital fund, a goal that has doubled since fundraising began in early 2022.

Venture capital investors put more money into Michigan-based companies last year, even as deal volume declined.

Coming off what Diane Durance calls a “robust” year in 2022, Grand Rapids-based Michigan Capital Network looks to close fundraising in 2023 on a fourth venture capital fund and grow its network of angel investors.

Here are the staffing announcements from the Nov. 21, 2022 print edition. 

Michigan Capital Network has named new leaders for angel investing groups in Grand Rapids and Detroit.

Here is the MiBiz Growth Report for September 26, 2022:

GRAND RAPIDS — Strong interest from investors led Michigan Capital Network to expand the size of its new venture capital fund, the organization’s fourth since its inception.

Successful exits from West Michigan-based craft breweries are allowing company founders and investors to put their proceeds to work in new ways that reinforce the region’s entrepreneurial culture. 

Here is the MiBiz Growth Report for August 15, 2022:

A Zeeland furniture startup that seeks to play into the growing home office trend has secured $1.5 million in capital from investors around Michigan.

Here is the MiBiz People in the news report for May 23, 2022 

Recruitment platform Job.com has acquired QCI Healthcare Staffing, a Grand Rapids-based health care staffing agency. The deal was the fourth staffing agency acquisition by Job.com, which seeks to acquire small to medium-sized staffing agencies. Terms of the deal were not disclosed.

Facility Health Inc.’s sale to a North Carolina software solutions provider is another example of a startup company backed by local investors in West Michigan that led to a successful exit.

GRAND RAPIDS — Michigan Capital Network has further expanded its angel investment network across the state with the addition of Saginaw-based BlueWater Angels.

The $2 million in capital that ADHD Online LLC raised will support further growth nationally as telehealth overall plays a larger role in the health care industry.

GRAND RAPIDS — Michigan Capital Network plans to form a fourth venture capital fund.

A restructuring for Grand Angels in 2021 aims to create understanding about angel investing and greater diversity among investors and their deals.

GRAND RAPIDS — The new managing partner for Grand Angels looks to tap his statewide contacts to build a bigger presence among early-stage investors.

GRAND RAPIDS — Angel investor group Grand Angels has named Dale Grogan as its new managing partner.

GRAND RAPIDS — The $1.4 million investment in Portage-based Micro Laser Assisted Machining Technologies LLC represents the largest single investment ever for Grand Angels and its affiliated angel groups and venture capital fund.