Michigan Angel Fund specializes in early-stage startups, focusing on IT, CleanTech, healthcare, and advanced manufacturing. Based in Ann Arbor, the fund typically invests between $200,000 to $2 million in companies near or at revenue stage, preferring those requiring less than $2 million to reach break-even or sustainability.
The fund's portfolio includes notable companies such as Genomenon, SkySpecs, and Shoulder Innovations. Michigan Angel Fund offers value-add services to its portfolio companies and actively participates in the local startup ecosystem through events and educational initiatives. The firm's investment strategy emphasizes companies with strong growth potential in their target sectors.
Michigan Angel Fund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments34
Current Portfolio Count25
Total Portfolio Exits0
Top Investment Stages
Seed14 (42.4%)
Series A10 (30.3%)
Series Unknown5 (15.2%)
Series B3 (9.1%)
Convertible Note1 (3.0%)
Stage Mix
Seed 42%Series A 30%Series Unknown 15%Series B 9%Convertible Note 3%
Concentration shown as share of disclosed investments by stage.
Michigan Angel Fund - Classification
- NAICS
- 520000Finance and Insurance
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 523900Other Financial Investment Activities
- 523990All Other Financial Investment Activities
- 523999Miscellaneous Financial Investment Activities
- SIC
- 6700Holding And Other Investment Offices
- 6790Miscellaneous Investing
- 6799Investors, Not Elsewhere Classified
Show 5 more industry codes
- NAICS
- 525000Funds, Trusts, and Other Financial Vehicles
- 523910Miscellaneous Intermediation
- SIC
- 6000Depository Institutions
- 6720Investment Offices
- 6722Management Investment Offices, Open-end