
Michigan Angel Fund
Description
The Michigan Angel Fund (MAF), based in Ann Arbor, Michigan, is a professionally managed venture fund dedicated to investing in promising early-stage companies within the state. Established in 2008 and managed by Ann Arbor SPARK, MAF plays a crucial role in nurturing Michigan's entrepreneurial ecosystem by providing vital capital to high-growth potential businesses. Its mission is to generate significant returns for its investors while simultaneously fostering economic development and job creation across the region.
MAF primarily targets companies poised for rapid growth and substantial returns, with a particular focus on sectors such as high-tech, life sciences, and advanced manufacturing. The fund typically provides initial investments ranging from $250,000 to $1,000,000, demonstrating a commitment to supporting companies through their critical early development phases. Beyond initial capital, MAF also considers follow-on investments, indicating a long-term partnership approach with its portfolio companies. This strategic funding helps accelerate the commercialization of innovative technologies and business models emerging from Michigan.
Since its inception, the Michigan Angel Fund has made a significant impact on the state's startup landscape. As of recent reports, MAF has deployed over $15 million in capital across more than 30 companies, underscoring its active role in stimulating local innovation and economic vitality. The fund's disciplined investment process, combined with its deep ties to the Michigan business community, positions it as a key resource for entrepreneurs seeking early-stage funding and strategic guidance within the state.
Investor Profile
Michigan Angel Fund has backed more than 41 startups, with 0 new investments in the last 12 months alone. The firm has led 11 rounds, about 27% of its total and boasts 7 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, South Africa.
- Strong thematic focus on Software, Information Technology, Analytics.
- Typical check size: $250K – $1M.
Stage Focus
- Seed (46%)
- Series A (29%)
- Series Unknown (12%)
- Series B (7%)
- Series C (2%)
- Convertible Note (2%)
Country Focus
- United States (98%)
- South Africa (2%)
Industry Focus
- Software
- Information Technology
- Analytics
- Health Care
- Biotechnology
- Medical Device
- Medical
- Saas
- Robotics
- Manufacturing
Frequently Asked Questions
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