Michigan Capital Network
Venture capitalGrand Rapids · Pre-Seed–Series A · 19 people tracked
Investment thesis
Michigan Capital Network invests in capital-efficient, high-potential early-stage companies, primarily those founded in Michigan and the broader Midwest region. Operating as both a venture capital fund manager and an angel investing trade association, the firm connects accredited investors with curated startup opportunities. Its objective is to help entrepreneurs transform seed ideas into world-class businesses through prompt investment and ongoing support. The firm collaborates closely with players in Michigan's entrepreneurial ecosystem, leveraging financial, intellectual, and networking resources to help portfolio companies grow. Roughly 90% of its funded companies are Midwest-founded.
Source: firm website, verified Aug 3, 2026.
Team · 19 people
from the firm's website
What they invest in
from 39 of 46 portfolio companiesHealthtech ×14Biotech ×10Deep Tech ×9SaaS ×8Hardware ×7Advanced Manufacturing ×6Digital Health ×6Medical Devices ×6
HQs:United States×32United Kingdom×1
Who they back
founder profiles across 18 portfolio companiesFounding team size:solo founder×112 founders×33 founders×24+ founders×2
Accelerator rootsportfolio companies that came through a program
Investments · 46 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 12023 · 12022 · 22018 · 18 dated
Ambiq designs ultra-low-power System-on-Chip and Real-Time Clock semiconductors based on its patented Subthreshold Power Optimized Technology (SPOT) platform to enable edge AI on battery-powered devices.
AI & Machine LearningIoTSemiconductorsAustin, US
Opus Genetics is a clinical-stage ophthalmic biopharmaceutical company developing therapies for inherited retinal diseases (IRDs) and other retinal and refractive disorders.
BiotechDeep TechDigital HealthHealthtechMedical DevicesRaleigh, US
BENJAMIN R. YERXA(Executive Officer, Director)George Magrath(Chief Executive Officer)Ben Yerxa(President)Robert Gagnon(Chief Financial Officer)Joe Schachle(Chief Operating Officer)Ash Jayagopal(Chief Scientific and Development Officer)
Co-investorsOberland Capital
Akadeum manufactures GMP-compliant ancillary materials for cell and gene therapy applications, specializing in microbubble-based negative selection products.
Advanced ManufacturingBiotechDeep TechHealthtechMedical DevicesAnn Arbor, US
Kalyan Handique(Executive Officer, Director)John Younger(Executive Officer, Director)James Militello(Executive Officer)
BoardJeffrey S. Williams(Director)Dan Kidle(Director)in
Board seatJenni LiPaul D'Amato· per SEC Form D
Co-investorsArboretum VenturesBeringeaBerkeley CatalystBlueStone Venture PartnerseLab VenturesID Ventures+5 more
Farmington Hills, US
Kent Helfrich(Executive Officer)Ebru Van Steenburg(Executive Officer)Michael Van Steenburg(Executive Officer, Director)James Burton(Executive Officer)Fatih Arslan(Executive Officer)
Board seatPaul D'Amato· per SEC Form D · $2.1M raise · filed Jan 2026
Petoskey, US
Randell G. Price(Director)Donald Goeman(Executive Officer, Director)Jim Krol(Executive Officer, Director)Greg Wrona(Executive Officer)
Board seatJody Vanderwel· per SEC Form D · $3.1M raise · filed Jul 2022
Charlottesville, US
Cameron Hardesty(Executive Officer)Michael Babyak(Executive Officer, Director)
BoardChristopher Langford(Director)Gabriel Becerra(Director)
Board seatMeagan Malm· per SEC Form D · $3M raise · filed Jun 2025
HealthtechWakefield, US
Tim A. Fischell(Executive Officer, Director)Kate Rumrill(Executive Officer, Director)Lisa Mastromattei(Executive Officer)Ronald D Bache(Executive Officer, Director)Vartan E. Ghazarossian(Executive Officer, Director)Vartan Ghazarossian(Executive Officer)
Co-investorsBioStar VenturesGilde HealthcareMAF
Acelfil develops industrial filtration systems designed to handle variable and spiking suspended-solids loads without manual operator intervention, aiming to reduce equipment shutdowns and downstream membrane damage.
Advanced ManufacturingCleantechHardware
Co-investorsID VenturesMichigan RiseAnthropocene Ventures
ATLAS Space Operations offers Ground Software as a Service through a federated global network of satellite ground stations, letting spacecraft operators communicate with single satellites or full constellations via a single API powered by its Freedom platform on AWS Cloud.
Defense TechSaaSSpace Tech
Co-investorsBeringeaWakestream Ventures
Authentic4D offers medical claim evaluations in which fellowship-trained, sub-specialized radiologists review imaging to determine whether an alleged injury is trauma-induced or pre-existing, delivering written and video reports with FDA-cleared 3D visualizations.
HealthtechInsurTechLegalTechBingham Farms, US
BlastPoint provides software that transforms data into actionable intelligence for organizations, helping them drive growth while considering long-term impacts and protecting against unintended harms from data-driven decisions.
AI & Machine LearningData & InfrastructureEnterprise SoftwarePittsburgh, US
Tomer Borenstein(Director, Executive Officer)Alison Alvarez(Founder)Tony Cebzanov
BoardDoug Neal(Director)inMichael Perrin(Director)inEthan Linkner(Director)in
Co-investorsAllos VenturesBTECH CONSORTIUMChloe CapitalCurql Collective, LLCeLab VenturesIrishAngels+4 more
BlueWillow Biologics is a clinical-stage biopharmaceutical company developing NanoVax, an intranasal oil-in-water adjuvant (W805EC) and antigen delivery platform for vaccines.
BiotechHealthtech
CertifID provides a secure platform for real estate closings, protecting the movement of funds like earnest money deposits and cash to close for buyers, sellers, and title agents.
CybersecurityFintechPropTechGrand Rapids, US
Lawrence Duthler(Executive Officer)Thomas W. Cronkright(Executive Officer, Director)Tyler Adams(Executive Officer, Director)inTom Cronkright
BoardMike DeVries(Director)
Co-investorsArthur VenturesCentana Growth PartnersID VenturesWakestream Ventures
Grand Rapids, US
Christian K. Fernando(Founder)inHans M. Nelson(Founder)
BoardPaul D'Amato(Director)Joe Lampen(Director)
Co-investorsID VenturesSaaS CapitalWakestream Ventures
FluxWorks develops magnetic gearing technology for motion systems, replacing traditional mechanical gears with contactless magnetic solutions.
Advanced ManufacturingDeep TechHardwareRoboticsTexas, US
Bryton Praslicka(Chief Executive Officer)
BoardBradley Harrison(Director)in
Co-investorsACADEMY INVESTORAggie Angel NetworkAIN VenturesHouston Angel NetworkScout VenturesScout Ventures
Grand River Aseptic Manufacturing (GRAM) is a U.S.-based contract manufacturer providing sterile fill-finish services for biologic and pharmaceutical drugs, including prefilled syringes and cartridge filling.
Advanced ManufacturingBiotechHealthtech
Co-investorsArlington Capital Partners
HAAS Alert operates a vehicle-to-everything (V2X) platform that delivers real-time safety alerts to drivers about roadway hazards, emergency vehicles, and roadside workers.
AI & Machine LearningIoTLogistics & Supply ChainMobility & TransportationSaaSChicago, US
Cory Hohs(Co-founder & CEO)Noah Levens(Co-founder)Jigar Patel(Co-founder)
Co-investorsDoon CapitalStacked CapitalTechstarsThree Tree VenturesVolition CapitalPlug and Play Ventures+1 more
HealthBridge offers a no-interest patient payment plan integrated directly into healthcare providers' Electronic Health Record (EHR) systems, allowing patients to pay medical expenses over time without credit checks or separate apps.
Digital HealthFintechHealthtech
Co-investorsManchesterStory Group, LLCMichigan Rise
HistoSonics develops histotripsy technology, a non-invasive method that uses focused sound energy to destroy targeted tissue, offered as a medical device for physicians and their patients.
BiotechHardwareHealthtechMedical DevicesAnn Arbor, GB
Thomas Davison(Executive Officer, Director)M. Christine Gibbons(Executive Officer, Director)Wen Chen(Director)Tom Tefft(Director)Michael Blue(Executive Officer, Director)Fred Lee(Director)
Co-investorsAlpha Wave GlobalAmzak HealthEarly Stage Partners, LPHealthQuest CapitalLumira VenturesBezos Expeditions+2 more
Immusoft develops a cell therapy platform called Immune System Programming (ISP) that engineers a patient's B cells into plasma cells that produce therapeutic proteins after being infused back into the patient.
BiotechDeep TechHealthtechSeattle, US
Matthew Scholz(Founder)Sean Ainsworth(Chief Executive Officer)Robert Sikorski(Chief Medical Officer)Rob Hayes(Chief Scientific Officer)Scott McIvor(Chief Development Officer)Richard Chin, M.D.(Director)
Co-investorsBioRock VenturesBoston Harbor AngelsBreakout VenturesEQx FundInvariantes FundNYBC Ventures+1 more
Mentavi Health provides clinician-reviewed online diagnostic evaluations that screen for up to 29 mental health conditions, including ADHD, anxiety, depression, and OCD, with results reviewed by licensed doctorate-level psychologists.
Digital HealthHealthtechMental HealthGrand Rapids, US
Keith Brophy(Chief Executive Officer)Dave Peralta(Chief Financial Officer)Barry Herman(Executive Officer)Dr. Barry K. Herman(Chief Medical Officer)Angie Lillie(Chief Compliance Officer)Steve Goulet(VP of Technology and Product)
Co-investorsBoomerang VenturesInvest MichiganWakestream Ventures
Micro-LAM develops laser-assisted machining systems, ultra-precision diamond turning tools, and custom optical components for precision optics manufacturing.
Advanced ManufacturingDeep TechHardwarePortage, US
Deepak Ravindra(Executive Officer, Director)
BoardJohn Balbach(Director)Tim Parker(Director)John Jackoboice(Director)
Co-investorsBeringeaID VenturesInvest MichiganIrishAngelsMichigan Rise
microMend makes a wound closure device that uses microstaples and cantilever springs to close cuts and lacerations as an alternative to sutures, applied like a bandage.
ConsumerHealthtechMedical Devices
MITO Material Solutions develops patented hybrid additive technology that enhances fiber-reinforced composites and thermoplastics by functionalizing materials like graphene oxide and biomaterials, serving the manufacturing industry.
Advanced ManufacturingCleantechClimate TechDeep TechNew MaterialsStillwater, US
Haley Marie Keith(Executive Officer, Director)Kevin Keith(Director)Steve Hulme(Director)
BoardMahdi Ghazizadeh(Director)Richard J. Diemer, Jr.(Director)Joel Neale(Director)
Co-investorsCitrine AngelsCortado VenturesElevate VenturesEvergreen Climate InnovationsHG VenturesHouston Angel Network+2 more
Movellus develops infrastructure IP for semiconductor chips, including on-die telemetry sensors, clock generation, and integrated power delivery, marketed under its Aeonic product family.
Deep TechHardwareSemiconductors
Mo Faisal(Founder)in
Co-investorsCandou VenturesInvest MichiganMichigan RiseIntel Capital
Bindplane (observIQ) offers an OpenTelemetry-native telemetry pipeline that lets teams collect, process, and route logs, metrics, traces, and profiles from any source to any destination while reducing log volume and masking sensitive data.
Cloud ComputingData & InfrastructureDeveloper Tools
ONL Therapeutics is a clinical-stage biopharmaceutical company developing therapies to preserve sight by preventing Fas-mediated death of retinal cells, a cause of vision loss and blindness.
BiotechHealthtechMedical DevicesAnn Arbor, US
David Zacks(Co-Founder & Chief Scientific Officer)David Esposito(Executive Officer, Director)Constance Chang(Executive Officer)John K Freshley(Executive Officer, Director)Jeffrey A Jamison(Executive Officer)David N Zacks(Executive Officer, Director)
Co-investorsExSight VenturesInvest MichiganNovartis Venture FundVisionary VenturesBios PartnersInFocus Capital Partners, LLC+3 more
PhotoniCare develops OtoSight, an FDA-cleared optical coherence tomography device for non-invasive assessment and monitoring of middle ear infections in healthcare facilities.
Deep TechDigital HealthHealthtechMedical DevicesDurham, US
Ryan Shelton(CEO)Stephen Boppart(CMO)Cary Vance(Executive Officer, Director)
BoardPatrick Zeller(Director)Dale Grogan(Director)inDr. Zishan Haroon(Director)
Co-investorsFirst Leaf CapitalHealthtech CapitalIllinois VenturesMichigan RiseOSF VenturesPlains Ventures+1 more
Poppy provides an online marketplace for wedding florals, connecting couples directly with independent floral designers and farms to reduce costs and increase design flexibility.
B2B MarketplacesConsumerDirect to ConsumerMarketplacesWashington, US
Cameron Hardesty(Founder)in
Co-investorsIrishAngelsMontage CapitalRiptide VenturesTechstarsWakestream VenturesKindred Ventures
ProvenAir is a software platform that digitizes and analyzes aircraft maintenance records to generate back-to-birth trace histories and compliance reports for life-limited parts such as engines, landing gears, and APUs.
AI & Machine LearningEnterprise SoftwareSaaSChicago, US
Stephanie Boccarossa(Director)James Boccarossa(Executive Officer, Director)
BoardSapna Patel(Director)
Co-investorsVictorum
Reconnect provides software and hardware that connect specialty courts, pretrial, and community supervision programs with their participants.
GovTechHardwareSaaSCumberland, US
Peter Andrews(Director, President & CEO)Pete Andrews(CEO)Samuel Hotchkiss(Executive Officer, Director, Promoter)Jennifer Jacobs(Executive Officer)Ed Larson(Executive Officer, Director)
BoardEric Chapman(Director)
Co-investorsBantam GroupYes VC
Reconstruct provides reality-mapping software for construction and facilities teams, turning site footage from smartphones, 360 cameras, and drones into measurable 2D floor plans, 3D models, and 4D BIM visualizations.
Construction TechPropTechSaaSChampaign, US
Mani Golparvar Fard(Executive Officer, Director, Promoter)Zachary MacRunnels(Executive Officer, Director, Promoter)Derek Hoiem(Executive Officer, Director, Promoter)
BoardPaul D'Amato(Director)Robert A. Schultz(Director)
Co-investorsIllinois VenturesNTT DOCOMO VenturesCultivation CapitalSerra CapitalSerra Ventures
Ripple Science offers EnrollNow, a HIPAA-compliant, SOC 2-certified platform for managing research participant prescreening, enrollment, scheduling, and communication.
Digital HealthHealthtechSaaS
Co-investorsDundee Venture CapitalID VenturesInvest MichiganMercury FundMichigan RiseNarrow Gauge Ventures+1 more
Co-investorsSerra Ventures
Scioto Biosciences is a life sciences company with corporate offices and research facilities in Fishers, Indiana.
BiotechDeep TechDigital HealthIndianopolis, US
Joseph Trebley(Executive Officer, Director)James Schulz(Executive Officer, Director)Joe Trebley(Founder & Chief Executive Officer)inJim Schulz(Founder & Chief Financial Officer)inMark Heiman(Chief Science Officer)inKevin Meyer(Chief Operating Officer)
Co-investorsElevate VenturesIU VenturesPathway Bioventures
Second Wave Michigan is a local digital news outlet practicing solutions journalism, covering neighborhoods, small business and entrepreneurship, arts and culture, health, and social innovation in Southwest Michigan.
Media & Entertainment
SMART CI Systems designs and manufactures GreenGirt CMH and GreenGirt Steel continuous insulation and SMARTci building enclosure systems that combine steel with fiber-reinforced polymers for thermal performance.
CleantechConstruction TechNew Materials
SupportPay builds a product for co-parents, caregivers, and families affected by divorce to manage support-related matters.
FintechSaaS
Sheri Atwood(Founder & CEO)in
Co-investorsAllied Venture PartnersConnetic VenturesRender CapitalVictorumFenway Summer VenturesMoneta Ventures
TECAT builds WISER wireless sensor systems that measure and transmit torque, acceleration, temperature, pressure, and vibration data in real time using 2.45 GHz radio.
HardwareIoTSports TechAnn Arbor, US
RONALD RATH(CEO and DIRECTOR OF MANAGER)DOUGLAS BAKER(CHIEF TECHNOLOGY OFFICER and DIRECTOR OF MANAGER)Douglas Baker(Chief Technology Officer and Director of Manager)Erin Milligan(Director of Manager)Joseph Byker(Director of Manager)Ronald Rath(CEO and Director of Manager)
Tetra Discovery Partners (d/b/a Tetra Therapeutics) was a clinical-stage biopharmaceutical company whose clinical trials and research programs were acquired by Shionogi & Co., Ltd. in 2020 and are now managed by Shionogi's U.S. subsidiary.
Biotech
Co-investorsDolby Family Ventures
Grand Rapids, US
Ryan H. Vaughn(Executive Officer, Director)RYAN VAUGHN(MANAGER)
BoardMatthew Anderson(Director)Hugo Braun(Director)Ryan Waddington(Director)
Co-investorsWakestream VenturesHuron River Ventures
Vestaron develops peptide-based insecticides derived from naturally-occurring peptides such as those found in spider venom, produced through fermentation, offering new modes of action for crop protection.
AgTechBiotechCleantechClimate TechNew MaterialsKalamazoo, US
Glenn King(Founder)Juan Estupinan(Executive Officer, Director)Dawn de los Santos(Executive Officer)Robert Kennedy(Executive Officer)Nancy Newman(Executive Officer)John C. Sorenson(Executive Officer, Director)
Co-investorsArgonautic VenturesCavallo VenturesCultivian Sandbox VenturesEndeavor8iSelect FundPangaea Ventures Us Inc.+2 more
WedgeHR is a video interviewing platform that lets job seekers record short one-way videos on their own schedule so hiring teams can screen candidates faster without scheduling back-and-forth.
Future of WorkHR TechSaaS
Co-investorsBDev VenturesMichigan Rise
Elevate K-12 (Fullmind) delivers live, online instruction to K-12 school districts to fill hard-to-staff teaching roles and expand course offerings, with over 100 courses across core, elective, and special education subjects.
EdTech
Co-investorsCentral Texas Angel NetworkIrishAngels
Co-investorsHuron River VenturesInvest MichiganWakestream Ventures
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 2
IPOs and acquisitions across the tracked portfolioAmbiqmicroNYSE: AMBQOpus GeneticsNASDAQ: IRD
Portfolio news
latest coverage across their companiesOpus Genetics · investing.com · Aug 19, 2026
Poppy · thesaasnews.com · Jun 3, 2026
Immusoft · immusoft.com · Mar 30, 2026
Fluxworks · greentownlabs.com · Feb 24, 2026
HealthBridge · finance.yahoo.com · Oct 30, 2025
Akadeum Life Sciences · finsmes.com · Jun 4, 2025
Reconstruct · businesswire.com · May 21, 2025
Frequently asked questions
- How many investments has Michigan Capital Network made?
- Michigan Capital Network has 42 tracked investments, including 1 dated in the last 24 months.
- What stage does Michigan Capital Network invest at?
- Michigan Capital Network invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Michigan Capital Network focus on?
- Michigan Capital Network focuses on Sector Agnostic.
- Where is Michigan Capital Network located?
- Michigan Capital Network is headquartered in Grand Rapids, US.
- Who does Michigan Capital Network co-invest with?
- Michigan Capital Network most often shares deals with Michigan Rise, Invest Michigan, Wakestream Ventures, among 85 tracked co-investors.
Media · Podcasts & interviews
featuring the teamDale Grogan - Managing Partner at Michigan Capital Network
Connect with KB · Dale Grogan
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