Venture capital firms play a crucial role in fostering innovation and economic growth, particularly in vibrant regions such as Michigan. They provide much-needed funding for groundbreaking businesses in various stages of development, primarily within burgeoning sectors like technology, life science, clean energy, and climate tech. From angel funds focused on digital and health IT startups to student-run investment initiatives tackling climate change, Michigan's venture capital firms offer diverse investment strategies and expertise. As the state continues to cultivate a thriving entrepreneurial ecosystem, these firms remain influential figures in its expansion and transformation.

Top 19 venture capital firms in Michigan

1. BELLE Capital USA LP

• Website: bellevc.com
• Headquarters: Douglas, Michigan, United States
• Founded: 2013
• Headcount: 51-200
• LinkedIn

BELLE Capital USA, LP is an early stage angel fund investing in capital efficient companies with unique products or services that address urgent market needs, operating in the digital/mobile/internet, technology-enabled products and services, life sciences/medical devices/health IT, and CleanTech sectors.

2. Michigan Climate Venture

• Website: michiganclimateventure.com
• Headquarters: Ann Arbor, Michigan, United States
• Founded: 2020
• Headcount: 11-50
• LinkedIn

Michigan Climate Venture is a student-run investment fund housed in the University of Michigan's School for Environment and Sustainability. They target early-stage ClimateTech companies with potential for rapid decarbonization. Their primary focus is on companies in agriculture, mobility, and materials, aiming to reduce emissions and improve input efficiency. They provide patient capital and pro bono consulting services to portfolio companies.

3. Michigan Angel Fund

• Website: miangelfund.com
• Headquarters: Ann Arbor, Michigan, United States
• Founded: 2011
• Headcount: 11-50
• LinkedIn

Michigan Angel Fund is a for-profit professionally managed angel fund that provides financing to early stage companies in Michigan. It aims to attract additional angel investors to the Michigan entrepreneurial ecosystem.

4. Arboretum Ventures

• Website: arboretumvc.com
• Headquarters: Ann Arbor, Michigan, United States
• Founded: 2002
• Headcount: 11-50
• Latest funding type: Series Unknown
• LinkedIn

Arboretum Ventures is a healthcare venture capital firm based in the Midwest. They invest in early-stage startups that aim to solve healthcare problems and make a transformational impact. With a focus on under-ventured geographies and sectors, they build deep relationships with entrepreneurs, executives, and investment partners to positively impact patients, communities, and healthcare.

5. Angels4Women

• Website: angels4women.com
• Headquarters: Milano, Michigan, United States
• Founded: 2018
• Headcount: 1-10
• LinkedIn

Angels for Women is a company that invests in and promotes startups founded or managed by women or targeting the female market. They offer guidance and financing to these startups to help them achieve their growth potential.

6. CitySide Ventures

• Website: citysideventures.com
• Headquarters: Birmingham, Michigan, United States
• Founded: 2015
• Headcount: 1-10
• LinkedIn

Cityside Ventures is a venture group focused on providing capital for early-stage, tech-based startups in a variety of industries and market verticals. They hold their portfolio companies to a high level of integrity and are committed to turning Michigan into a powerhouse startup ecosystem.

7. Commune Angels

• Website: communeangels.com
• Headquarters: Detroit, Michigan, United States
• Founded: 2020
• Headcount: 1-10
• LinkedIn

Commune Angels invest in exceptional companies and founders that are tackling real problems with scalable solutions to help them get to the next level. They are a community of savvy angel investors united by a common interest in high-growth ventures, fostering partnerships to enhance entrepreneurial ecosystem and drive thought leadership. Join their free trial today to see if your company is a good fit.

8. New Enterprise Forum

• Website: newenterpriseforum.org
• Headquarters: Ann Arbor, Michigan, United States
• Founded: 1988
• Headcount: 51-200
• LinkedIn

New Enterprise Forum (NEF) is a platform that supports and promotes entrepreneurship. They provide coaching, networking events, and resources for startups and entrepreneurs. NEF aims to connect entrepreneurs with management expertise, business services, and potential joint venture partners. They also assist in perfecting investor pitches and connecting startups with critical resources and capital.

9. Sky7 Ventures

• Website: sky7ventures.com
• Headquarters: Ann Arbor, Michigan, United States
• Headcount: 1-10

Sky7Ventures provides seed, venture, and growth-stage funding to the best companies. Sky7Ventures provide these companies unparalleled support in design, recruiting, marketing, and more.

10. Beringea

• Website: beringea.com
• Headquarters: Farmington Hills, Michigan, United States
• Founded: 1988
• Headcount: 11-50
• LinkedIn

Beringea is an international investment firm with a long-term perspective and an entrepreneurial ethos. They have a track record of successful investing across various sectors and focus on rapidly-scaling companies and their founders.

11. ID Ventures

• Website: idventures.com
• Headquarters: Detroit, Michigan, United States
• Founded: 2010
• Headcount: 1-10
• LinkedIn

ID Ventures is an early-stage investment firm focused on providing capital and support to promising Michigan-based high-tech startups. Their investments help to strengthen the startup ecosystem, create jobs for local talent, and support Michigan’s growing startup community.

12. Midwest Growth Capital Symposium

• Website: michigan-gcs.com
• Headquarters: Ypsilanti, Michigan, United States
• Headcount: 11-50

Midwest Growth Capital Symposium specializes in providing venture capital services for various businesses to investors.

13. First Step Fund

• Website: investdetroit.vc
• Headquarters: Detroit, Michigan, United States
• Founded: 2010
• Headcount: 1-10
• LinkedIn

The First Step Fund provides emerging companies with access to seed capital, focused mentoring in areas consistent with growing the business, and a network that will work to foster demand and create opportunities.

14. Hoeg Law

• Website: hoeglaw.com
• Headquarters: Northville, Michigan, United States
• Headcount: 1-10
• LinkedIn

Hoeg Law is a company based out of Northville, Michigan, United States.

15. Northern Michigan Angels

• Website: northernmichiganangels.com
• Headquarters: Traverse City, Michigan, United States
• Founded: 2012
• Headcount: 1-10
• LinkedIn

Northern Michigan Angels is a group of investors in Michigan that focus on scalable entrepreneurial companies with an economic and quality of life impact in northwestern Lower Michigan.

16. Alchemist Collective

• Website: alchemistscollective.com
• Headquarters: Detroit, Michigan, United States
• Headcount: 51-200
• LinkedIn

Alchemists Collective is an innovation agency and venture studio that helps develop new ventures, partnerships and plans for companies.

17. Midwest Financial - M&A

• Website: mfsib.com
• Headquarters: Bloomfield Hills, Michigan, United States
• Founded: 2001
• Headcount: 1-10
• LinkedIn

An upper middle market investment banking firm that assists owners of businesses with making acquisitions to increase the size of their company or selling and transitioning out of their business. Our extensive acquisition (buy-side) and transition (sell-side) experience enables us to analyze opportunities for clients and access an extensive network of strategic and financial buyers and sources of capital. Midwest Financial - M&A provides the same M&A services of the larger ‘Wall Street’ investment banking firms, but with more personalized attention and lower fees. Our Focus For 25 years, our clients have been business owners, entrepreneurs, corporations, and investors active in the middle market. While some firms use the terms “client” or “customer”, we prefer to view you as a critically important “partner” in the process driving toward common goals and vision for what you want to achieve. Confidentiality, trust, and commitment to achieving results help us meet our client’s needs, whatever the assignment, making us a valued long-term partner. Our Commitment We work with clients to develop a clear understanding of their goals and objectives and partner with them to achieve unparalleled results. Representation of Sellers Succession planning is a critical issue facing a business owner and one too often avoided. After many years of hard work in a business, it is typical for a business owner to have difficulty transitioning to retirement. We have over 25 years’ experience assisting business owners with succession plans. We assist the owners of businesses who want to sell and transition out of their business by exploring strategic alternatives and determining the fair market value of their business. Our efforts on behalf of sellers are conducted to protect the confidentiality of the sale process, while structuring a transaction that satisfies the seller’s pricing expectations and transfer of ownership objectives. We are a seller's most trusted advisor.

18. WiredVC

• Website: wiredvc.com
• Headquarters: Troy, Michigan, United States
• Founded: 2010
• Headcount: 11-50
• LinkedIn

wiredvc.com provides information on venture capital investments, funding sources, and business forums for entrepreneurs. The website guides readers on business finance and offers tips for new startups.

19. Bamboo

• Website: bamboodetroit.com
• Headquarters: Detroit, Michigan, United States
• Founded: 2013
• Headcount: 1-10
• LinkedIn

Bamboo Detroit offers flexible office space for in-person, hybrid, and fully remote teams in Metro Detroit. With over 40,000 sq ft of space, the community encourages privacy and includes a diverse network of members and organizations to connect with.

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