Michigan Strategic Fund - aVenture Asset Manager Research
Michigan Strategic Fund
Operating Status: Operating
Michigan Strategic Fund: A public body aiding economic diversification and business financing in Michigan.
Location
Lansing, MI, US
Founded
1984
Michigan Strategic Fund is a public body corporation and politic of the State of Michigan, dedicated to diversifying the state's economy and fostering economic development. The Fund primarily assists business enterprises in securing additional financing, with typical investments made through grants across various stages and sectors within Michigan.
Notable portfolio companies include Automation Alley, Barracuda Networks, Centria Healthcare, and Crest Marine, with investment amounts ranging from $425,000 to $8 million. The Fund's investment philosophy centers on economic growth and diversification, offering unique value-add services such as facilitating access to additional financing sources and supporting business expansion within Michigan.
Michigan Strategic Fund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies4
Current Portfolio Count2
Total Portfolio Exits2
Top Investment Stages
Pre-Seed1 (100.0%)
Stage Mix
Pre-Seed 100%
Concentration shown as share of disclosed investments by stage.