How many investments has Belle Impact Fund made?

Belle Impact Fund has 19 tracked investments.

What stage does Belle Impact Fund invest at?

Belle Impact Fund invests at the Seed, Series A stages.

What is Belle Impact Fund's typical check size?

Belle Impact Fund typically writes checks of $25K – $250K.

Where is Belle Impact Fund located?

Belle Impact Fund is headquartered in Grosse Pointe Farms, US.

Does Belle Impact Fund lead rounds?

Yes, Belle Impact Fund leads investment rounds.

Who does Belle Impact Fund co-invest with?

Belle Impact Fund most often shares deals with ID Ventures, Capital Midwest Fund, Keyhorse Capital, among 36 tracked co-investors.

Belle Impact Fund

Impact investor

Grosse Pointe Farms · Seed–Series A · 3 people tracked

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Investment thesis

The firm invests in women, building a portfolio of women-owned and women-led companies with the aim of generating broad-based impact alongside financial returns. Its track record includes exits such as a commercial-vehicle software provider, an online court negotiation/mediation platform, and a portable video laryngoscope, reflecting a diversified focus across software, healthcare/medical devices, and government technology.

Invests inAdvanced Manufacturing Biotech Cleantech Climate Tech Cloud Computing Consumer Data & Infrastructure Energy Enterprise Software Healthtech Impact & Social Good Medical Devices New Materials SaaS United States

Source: firm website, verified Sep 27, 2026.

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Stage

Seed–Series A

Check

$25K – $250K

Grosse Pointe Farms, Michigan, US

Leads rounds

Leads

Instruments

Equity

Founded

2012

AUM

$20M

Tracked investments

Team · 3 people

from the firm's website & public directories

Carolyn Cassin· General Partner & Co-Founder· Michigan

Carolyn Cassin is a healthcare entrepreneur and operations executive who spent decades building and turning around hospice organizations, including leading Vistacare, the first venture-backed US hospice company, and running turnaround work at Continuum Hospice Care in New York City. She oversaw Michigan's Medicaid Managed Care program and led the Michigan Women's Foundation, where she developed a microloan fund for women-owned businesses. In 2010 she co-founded BELLE Capital/Michigan, a venture fund investing in women-owned companies and underserved communities, where she serves as General Partner. She holds an MPA from Western Michigan University and a BA from Miami University.

carolyn@bellefunds.com

Nancy Philippart· General Partner & Co-Founder· Southeastern Michiganin

Nancy Philippart is a General Partner and co-founder of Belle Michigan. She serves as Executive in Residence for the Engineering Ventures program at Wayne State University, where she works with and teaches student and faculty entrepreneurs, and she advises early-stage companies in Southeastern Michigan. She has more than 30 years of engineering and executive experience in the automotive industry, most recently as Executive Director of GM Accessories, a General Motors venture focused on vehicle personalization.

nancy@bellefunds.com

Shari Kennett· General Partner

Shari Kennett is a General Partner of BELLE Funds.

What they invest in

from 9 of 19 portfolio companies

Advanced Manufacturing ×3Cleantech ×3Consumer ×2Hardware ×2Healthtech ×2Impact & Social Good ×2Retail Tech ×2SaaS ×2

HQs:United States×10

Who they back

founder profiles across 9 portfolio companies

67%

solo founders

6 of 9 mapped founding teams

Founding team size:solo founder×62 founders×13 founders×14+ founders×1

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · 19 tracked

founders shown can be your intro path

By year:2023 · 1 2022 · 1 2021 · 1 2016 · 14 dated

AdAdaptedadadapted.com in 𝕏

AdAdapted is a commerce media platform for CPG brands and agencies that targets high-intent shoppers and converts digital discovery into retail purchases through its patented one-click "Add-It" technology, including one-click carting, recipes, and retailer integrations.

AdTechConsumerMarketing TechRetail TechAnn Arbor, US

Molly McFarland(Executive Officer)inMichael Pedersen(Executive Officer, Director)in

BoardRobert Cell(Director, Promoter)Terese Hunwick(Director)

Co-investorsCapital Midwest Fund ID Ventures Invest Michigan Tappan Hill Ventures Wakestream Ventures

Cadenza Innovationcadenzainnovation.com in

Cadenza Innovation develops a patented lithium-ion cell packaging architecture and battery energy storage systems focused on safety, energy density, and low cost.

CleantechEnergyHardwareBridgeport, US

Christina Lampe-Onnerud(CEO)inPer Onnerund(Executive Officer, Director)Christina Lampe-Onnerund(Executive Officer, Director)Per Onnerud(Chief Technology Officer)inDavid Feinberg(Executive Officer)Brian Chan(Executive Officer)in

Co-investorsGolden Seeds Connecticut Innovations Scale Investors E8 Angels Scout Fund

Matriark Foodsmatriarkfoods.com inMay 2021

Matriarks Foods is a women-owned food company inspired by traditional cooking practices that transform surplus ingredients into nutritious, filling meals.

Circular EconomyFoodTechImpact & Social GoodNyack, US

Anna Hammond(Founder & CEO)Joyce Huang(CFO & COO)

NX Prenatalnxprenatal.com

NX Prenatal is a molecular diagnostics company developing exosome-based liquid biopsy assays that detect adverse pregnancy conditions such as preterm birth, preeclampsia, and placenta accreta.

BiotechDigital HealthFemTechHealthtechLouisville, US

Paul Kortschak(Chief Executive Officer)GAIL PAGE(Executive Officer, Director)BRIAN BROHMAN(Executive Officer, Director)ROBERT SAUNDERS(Director)KEVIN BRAMER(Director)ALAN MACK(Director)

Co-investorsKeyhorse Capital Mindshift Capital Solas BioVentures Golden Seeds Portfolia

Shoptelligenceshoptelligence.com

Ann Arbor, US

Laura Khoury(CEO and President)inRobert Cell(Director)Nancy Gilby(Director)

Co-investorsCapital Midwest Fund ID Ventures Invest Michigan Michigan Rise Service Provider Capital

Sisu Global Healthsisuglobalhealth.comApr 2016

HealthtechBaltimore, US

Carolyn Reed Yarina(Executive Officer, Director)Katherine Kirsch(Executive Officer, Director)Gillian Henker(Executive Officer, Director)in

Co-investorsCatalio Capital Management, LP Whoa I Lp, By: Whoa Ventures Camden Partners Catalio Access Golden Seeds Revolution +1 more

TO THE MARKETtothemarket.com in 𝕏Oct 2023

TO THE MARKET guides consumers to make purchasing decisions aligned with ethical and sustainable sourcing values, based on principles from its founder's best-selling book on conscious consumption.

Advanced ManufacturingB2B MarketplacesCleantechConsumerImpact & Social GoodLogistics & Supply ChainNew York City, US

Jane Mosbacher Morris(Founder & CEO)inYu Jin Han(Director)Mary Susan Wilberding(Director)

Board Carrie Colbert(Director)in

Co-investorsCurate Capital Forward Venture Capital Keyhorse Capital LDR Ventures Matchstick Ventures Purple Sage Ventures +2 more

Ulendoulendo.io in 𝕏Dec 2022

Ulendo builds software that improves the speed and accuracy of advanced manufacturing machines such as 3D printers and industrial robots.

Advanced ManufacturingHardwareRoboticsSaaSAnn Arbor, US

Chinedum Okwudire(Director)inOumar Barry(Director)inBrenda Jones(Executive Officer, Director)

Co-investorsID Ventures

Vartegavartega.com in 𝕏

Advanced ManufacturingCleantechGolden, US

Andrew Maxey(Executive Officer, Director)in Aaron Parker(Executive Officer)inDaniel Flagg(Executive Officer)in Sean Kline(Executive Officer)inShari Kennett(Director)J. Scott Pusey(Executive Officer)

Co-investorsAutodesk Foundation Beyond Capital Circular Innovation Fund Diamond Edge Ventures E8 Angels HG Ventures +8 more

Work Truck Solutionsworktrucksolutions.com in 𝕏

Work Truck Solutions provides online tools and services for commercial vehicle dealers, focused on the heavy-duty and work truck dealership market.

Mobility & TransportationRetail TechSaaSChico, US

Kathryn Schifferle(Founder/CVO)in James Perschke(Executive Officer)in Gretchen Krugler(Executive Officer)inAaron(CEO)Shawn(Chief Data Officer)Alex Young(Chief Product Officer)in

Co-investorsHBS Alumni Angels Moneta Ventures Rubicon Technology Partners Supply Chain Ventures Wakestream Ventures Autotech Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Alchemie Solutions, Inc.Cask & KettleCoPilot VLFreedomWandMatterhornOcuphireVerityZenithZenith Technology Solutions

Frequently asked questions

How many investments has Belle Impact Fund made?: Belle Impact Fund has 19 tracked investments.
What stage does Belle Impact Fund invest at?: Belle Impact Fund invests at the Seed, Series A stages.
What is Belle Impact Fund's typical check size?: Belle Impact Fund typically writes checks of $25K – $250K.
What sectors does Belle Impact Fund focus on?: Belle Impact Fund focuses on Advanced Manufacturing, Biotech, Cleantech, Climate Tech, Cloud Computing, Consumer, Data & Infrastructure, Energy, Enterprise Software, Healthtech, Impact & Social Good, Medical Devices, New Materials, SaaS.
Where is Belle Impact Fund located?: Belle Impact Fund is headquartered in Grosse Pointe Farms, US.
Does Belle Impact Fund lead rounds?: Yes, Belle Impact Fund leads investment rounds.
Who does Belle Impact Fund co-invest with?: Belle Impact Fund most often shares deals with ID Ventures, Capital Midwest Fund, Keyhorse Capital, among 36 tracked co-investors.

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