Fundraising Fox

Michigan Rise

Government fund

East Lansing · Pre-Seed–Series A · 10 people tracked

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Investment thesis

Michigan Rise focuses on early-stage funding for Michigan-based technology startups through its Pre-Seed Fund III. Operating in partnership with the MSU Research Foundation and the Michigan Economic Development Corporation, the firm aims to transform promising technologies into successful businesses and drive economic growth across Michigan's tech sectors. Beyond capital, it provides coaching, grant assistance, and strategic guidance at every stage, and connects founders to the state's entrepreneurial ecosystem to attract follow-on investment. Its work builds on the MSU Research Foundation's five decades of innovation and commercialization experience, and its portfolio has leveraged nearly $700M in follow-on funding.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$50K – $150K
HQ
East Lansing, Michigan, US
Leads rounds
Follows
Instruments
Equity · Grants
Founded
1973
Last 12 months
1 investment
Tracked investments
138

Team · 10 people

from the firm's website & public directories
Pete Martin· Director, Portfolio Managementin
Karis D'Alessandro· Venture Associate
Moody Mattan· Venture Associate
Nichole Maguire· Venture Coordinator
John Tran· Venture Associatein

What they invest in

from 115 of 138 portfolio companies

SaaS ×28Healthtech ×27AI & Machine Learning ×19Hardware ×19Deep Tech ×17Biotech ×16Cleantech ×14Digital Health ×14

HQs:United States×67Canada×1Germany×1

Who they back

founder profiles across 67 portfolio companies
60%
solo founders
40 of 67 mapped founding teams
38%
repeat founders
of 21 founders with career history
~1.5 yrs
old at investment
median across 20 dated deals

Founding team size:solo founder×402 founders×193 founders×74+ founders×1

Where their founders studiedfrom 19 founders with education data

University of Illinois Urbana-Champaign ×2University of Michigan ×2University of Waterloo ×2

Where their founders worked beforefrom 21 founders with career history

Michigan State University ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×6Y Combinator ×2

6 founders hold a PhD · 4 hold an MBA (of 20 with degree data)

Investments · 138 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 62023 · 52022 · 32021 · 32020 · 22019 · 224 dated

Medicooltechmedicooltech.comin𝕏Sep 2020✓ verified

Medicool Tech is a medical device company developing devices and therapies focused on cardiac electrophysiology and the treatment of arrhythmias such as atrial fibrillation.

HardwareHealthtechMedical DevicesTraverse City, US

Peter von Alt(Chief Financial Officer)Sam Asirvatham(Chief Medical Officer)Rich Sanders(Director)Allan Witz(Executive Officer, Director)Jeff Rynbrandt(Chief Executive Officer)Paul Friedman(Chief Technology Officer)

360ofme360ofme.cominSep 2023

360ofme provides a cloud-native privacy and consent management platform that lets enterprises exchange personal data with individuals through verified identities and explicit, real-time consent.

CybersecurityEnterprise SoftwareSaaS

Cindy Warner(Founder & CEO)in

Co-investorsExit Quotient VenturesInvest Detroit

86 Repairs86repairs.comin

86 Repairs provides a platform to help restaurants manage repairs and maintenance, removing the burden of equipment R&M so operators can focus on their core business.

Enterprise SoftwareSaaS

Daniel Estrada(Founder & CEO)

Co-investorsChicago Early Growth Ventures (CEGV)Cleveland AvenueConnetic VenturesID VenturesLightbankLofty Ventures+5 more

Acelfilacelfil.comin

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 Capital NetworkAnthropocene Ventures

ADHD Onlineadhdonline.comin𝕏Apr 2021

Grand Rapids, US

Randall Duthler(Executive Officer, Director)Christopher Barber(Executive Officer)Zachariah Booker(Executive Officer, Director)

BoardDale Grogan(Director)

Adrenalineinteractiveadrenalineinteractive.aiin

Adrenaline Interactive provides in-game advertising technology that places real brands into mobile games through proprietary reskinning software, serving both game publishers seeking new revenue and advertisers wanting to reach players.

AdTechGaming

Carson Mathews(CEO)

Co-investorsAntlerAntler AustraliaeLab Ventures

Advertentbioadvertentbio.com

Advertent Biotherapeutics is a biotechnology company developing first-in-class biologics that modulate TGF-β family growth factors to protect muscle quality and promote regeneration in neuromuscular disorders, with a particular focus on muscular dystrophies.

BiotechDeep TechHealthtech

Monique Floer(Co-Founder, President & CEO)Erik M. Martinez-Hackert(Co-Founder & CSO)

Co-investorsWMU Biosciences Research & Commercialization Center

Airspace Linkairspacelink.comin𝕏

Airspace Link provides a unified platform (AirHub Portal) for airspace security, drone operations management, and air traffic coordination, serving government agencies, defense organizations, and commercial enterprises operating unmanned aircraft systems.

Defense TechGovTechIoTLogistics & Supply ChainMobility & TransportationRoboticsNorthville, US

Michael Healander(Executive Officer, Director)Dillon Krasnigor(Director)Daniel Bradshaw(Executive Officer, Director)

BoardJonathan Struhl(Director)in

Co-investors2048 VenturesAssembly VenturesAvanta VenturesID VenturesLudlow VenturesMatchstick Ventures+4 more

Akadeum Life Sciencesakadeum.comin𝕏

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)Paul D'Amato(Director)Dan Kidle(Director)in

Co-investorsArboretum VenturesBeringeaBerkeley CatalystBlueStone Venture PartnerseLab VenturesID Ventures+5 more

Alerjealerje.comin𝕏Aug 2023

Alerje develops FAIT, a mobile app and clinical platform for food allergy oral immunotherapy (OIT), offering dose tracking, HIPAA-compliant clinic messaging, and predictive insights.

Digital HealthHealthtechMedical DevicesDetroit, US

Javier Evelyn(Founder & CEO)in

BoardPatti Glaza(Director)

Co-investorsBackstage CapitalChloe CapitalID VenturesJumpstart NovaSeae Ventures

Approvaapprova.coin

FintechToronto, CA

Anthony Cerelli(Founder)in

Co-investorsSierra VenturesTechstars

Arborsensearborsense.com

Arborsense develops transdermal wearable sensors, including the SCANar wrist-worn device, that measure biomarkers in sweat to detect substance use and monitor health non-invasively.

HardwareHealthtechMedical Devices

Arcpathautomationarcpathautomation.comin

ArcPath Automation designs industrial automation systems including robotic bin picking, machine vision and AI, quality automation, and inspection and metrology solutions.

Advanced ManufacturingAI & Machine LearningRobotics

Ariesaries.com

Aries is an open trading platform for retail traders, investors, and developers, offering a mobile app and tools to trade stocks, options, ETFs, and index funds through a FINRA-member broker-dealer.

Data & InfrastructureFintechSaaS

Co-investorsID Ventures

Artclvbartclvb.xyzin

ArtClvb operates an online marketplace for sourcing original art and design, connecting buyers with artists and their local art scene.

ConsumerMarketplacesMedia & Entertainment

Atlasspaceatlasspace.comin𝕏

ATLAS Space Operations provides Ground Software as a Service through Freedom, connecting spacecraft operators to a federated global network of satellite ground stations via a single API running on AWS Cloud.

Defense TechSaaSSpace Tech

Atterxatterx.com

Atterx Biotherapeutics develops therapeutics to prevent and treat antibiotic-resistant bacterial infections, including drug candidates for Gram-negative infections (GN-4474) and catheter-associated urinary tract infections (C-1205).

BiotechHealthtech

James Millar(Chief Executive Officer)

Co-investorsWisconsin Investment Partners

Authsnapauthsnap.orgin

Authsnap builds an AI-assisted platform for hospitals to appeal denied insurance claims, using clinical documentation to draft appeals grounded in medical necessity.

AI & Machine LearningDigital HealthHealthtech

Gretchen Heinen(Founder)

Bitlyftbitlyft.comin𝕏Oct 2021

BitLyft is a managed security service provider offering managed detection and response and personalized cybersecurity solutions.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSSaint Johns, US

Jason Miller(Executive Officer)inMichael Skeith(Founder)in

Blueconduitblueconduit.comin𝕏

BlueConduit provides AI-driven predictive modeling software that helps water utilities and cities locate lead and galvanized service lines and assess water main risk, supporting inventory classification, replacement planning, and regulatory compliance.

AI & Machine LearningCleantechGovTech

Co-investorsID Ventures

bluefliteblueflite.comin

Blueflite develops electric drones for logistics and package delivery, with vertical take-off and landing capabilities designed for last-mile deliveries, emergency medical transport, and industrial supply missions.

HardwareLogistics & Supply ChainRoboticsAustin, US

Frank Noppel(CEO)inJames McClearen(CTO)in

Co-investorsBoot64 VenturesCroc PitchGENIUS NYTechstars

Bookchurchspacebookchurchspace.com

Co-investorsID VenturesBlack Operator

Breadlesseatbreadless.com

Breadless makes bread-free sandwiches, bowls, and salads wrapped in greens like swiss chard and romaine, with menu items such as jerk chicken, falafel, and braised beef.

ConsumerFoodTechDetroit, US

LC Howland(Founder)

Co-investorsID VenturesRareBreed Ventures

BridgeCarebridgecare.aiMay 2026

BridgeCare provides K-12 schools and districts with a student support system that combines a soft-skill curriculum, self-discovery tools, on-demand support, and real-time student wellness monitoring with reporting for counselors and administrators.

Digital HealthEdTechMental Health

Co-investorsExit Quotient Ventures

BridgeCare Technologies

Helps schools address the student mental health crisis amid understaffed counseling systems.

Carvis AIcarvis.aiin

Carvis provides an AI system for auto repair shops that automates repair inspections and generates estimates, integrating with existing shop management systems.

AI & Machine LearningMobility & TransportationSaaSSan Mateo, US

CJ Na(Founder)Chan Jong (CJ) Na(Founder)

Co-investorsID VenturesStruck CapitalTrucks VC

Chiyowearechiyo.com

A company offering personalized supplement recommendations for women through a quiz-based matching system covering fertility, prenatal, postpartum, and hormone balance categories.

FemTechHealthtech

Irene Liu(Founder & CEO)inJennifer Jolorte Doro(Founder)

Co-investors1st Course CapitalBread And Butter Ventures, LlcDorm RoomFlare Capital PartnersIngeborg InvestmentsLighthouse Network Ventures Llc+4 more

CircNova Future of Healthcircnova.com

CircNova uses artificial intelligence to generate, analyze, and identify circular RNA structures for therapeutic development.

AI & Machine LearningBiotechDetroit, US

Crystal Brown(Chief Executive Officer)Alex Wesselhoeft(Principal Scientific Architect)inJoe Deangelo(Chief Scientific Officer)inRobin Pearce(Principal AI Architect)in

Co-investors100Km Ventures LlcID VenturesService Provider CapitalSouth Loop Ventures

Civilized Cyclescivilizedcycles.comin

Brooklyn, US

Zachary Schieffelin(Executive Officer, Director)

Co-investorsID Ventures

Clairaclaira.aiin𝕏

Claira is a workforce optimization platform that identifies and surfaces the competencies of an organization's employees, rather than relying on credentials or past experience.

AI & Machine LearningFuture of WorkHR Tech

Katie Hall(Founder & CEO)

Co-investorsID Ventures

Clicki

Helps businesses turn referrals into a structured, measurable growth channel, reducing reliance on paid advertising.

Constratconstrat.aiin

ConStrat AI builds AI-powered software for construction contractors, providing intelligence to support faster and better decision-making across jobs and finances.

AI & Machine LearningConstruction TechFintechSaaSDetroit, US

Jesse Dorsey(Co-founder)Justin Turk(Co-founder)Emmanuel Dorley(Co-founder & Head of AI)

Coordinistacoordinista.comin

Coordinista (Coordi) provides cloud-based field management software for mobile healthcare teams, including caseload management, scheduling, mapping, mileage tracking, and geo-location for electronic visit verification.

Digital HealthHealthtechSaaS

Co-investorsWMU Biosciences Research & Commercialization Center

CrossBrainingcrossbraining.comSep 2019

Jackson, US

Rebecca Colmer(Executive Officer)William Joshua Nichols(Executive Officer)James Kelly(Executive Officer)

CubeWorkscubeworks.ioin

Low-power IoT sensors for industrial monitoring

Ann Arbor, US

Gyouho Kim(Executive Officer, Director)ZhiYoong Foo(Executive Officer)David Blaauw(Director)

BoardFelicia David-Visser(Director)

Co-investorsID VenturesMomenta Ventures

Curacollaborativecuracollaborative.comin

Cura Collaborative offers a HIPAA-compliant, cloud-based platform that connects clinical care teams with patients and their families to coordinate care outside the EHR, focusing on home-based care and care transitions.

Digital HealthHealthtechSaaS

EcoGecog.ioin𝕏

EcoG develops an AI-enabled operating system and software solutions for electric vehicle charging infrastructure, optimizing energy flow and system reliability for fleet operators and charging network providers.

CleantechClimate TechEnergyEnterprise SoftwareHardwareIoTMobility & TransportationMunich, DE

Joerg Heuer(Founder & CEO)inJohannes Hund(Founder & CTO)in

Co-investorsBayern KapitalBerliner Volksbank VenturesGET FundRedstoneTane FundTechstars+2 more

Electric Outdoorselectricoutdoors.techSep 2024

Southfield, US

Josef Hjelmaker(Executive Officer, Director)

Co-investorsID Ventures

Electric Plant Companyelectricplant.coin𝕏

Electric Plant is a plant intelligence company that uses a plug-in "dongle" device to continuously record plants' electric signals and applies AI to decode these electrochemical signals into hyperlocal, actionable insights.

AgTechAI & Machine LearningDeep Tech

Co-investors640 OxfordJetstream

Enspired Solutionsenspiredsolutions.cominApr 2023

Enspired Solutions offers PFAS destruction technology for water, providing services including benchtop treatability studies, feasibility study support, field pilot tests, and full-scale on-site implementation.

CleantechClimate TechDeep TechLaingsburg, US

Denise Kay(Executive Officer, Director)Laurie Parsons(Director)Meng Wang(Executive Officer)

BoardJeff Wesley(Director)in

Co-investorsEvergreen Climate Innovations

Esperovaxesperovax.com

Esperovax is a biotechnology company developing an oral mRNA-based vaccine and biotherapeutic platform that produces shelf-stable vaccines in tablet and capsule form as an alternative to injection-based treatments.

BiotechDeep TechPlymouth, US

Co-investorsID Ventures

Espervitaespervita.com

Espervita Therapeutics is a drug discovery company developing metabolic reprogramming therapies, with a lead compound (EVT0185) that inhibits acetyl-CoA metabolic enzymes to treat conditions such as MASH, chronic kidney disease, and liver and kidney fibrosis.

Biotech

Co-investorsID VenturesWMU Biosciences Research & Commercialization Center

EVOQ Therapeuticsevoqtherapeutics.comin

EVOQ Therapeutics develops immunotherapies for autoimmune diseases using its proprietary NanoDisc technology, which delivers disease-specific antigens to dendritic cells via subcutaneous administration to restore native immune tolerance.

BiotechHealthtech

Co-investorsID VenturesInvest Michigan

FirstIgnitefirstignite.cominMar 2024Acquired

FirstIgnite provides AI software that helps universities, hospitals, nonprofits, and foundations identify, engage, and manage partnership opportunities in research funding, philanthropy, and technology licensing.

AI & Machine LearningEnterprise SoftwareSaaS

Chase Bonhag(Founder)inCody Pawlowski(Founder)in

Co-investorsConnetic VenturesFrontier VenturesID VenturesIllinois VenturesY CombinatorGaingels

Flightpathflightpath.bioin

Flightpath Biosciences develops Targeted Bacterial Deletion, a platform that selectively removes harmful gram-negative bacteria while sparing the surrounding microbiome to interrupt infection-driven disease.

BiotechDeep TechHealthtech

Co-investorsFirst In VenturesID Ventures

Freightrollfreightroll.comin

FreightRoll provides a non-app-based driver authentication and workflow system, including a "YardFlow" protocol builder, that automates yard operations for warehousing and logistics facilities.

Enterprise SoftwareLogistics & Supply ChainSaaSAnn Arbor, US

Matthew Koppinger(Founder)inJake Koppinger

Co-investors500 GlobalID Ventures

Functional Fluidicsfunctionalfluidics.comin𝕏Apr 2019

Functional Fluidics is a CLIA-certified diagnostic lab offering proprietary red blood cell function biomarker assays, starting with Sickle Cell Disease.

BiotechDigital HealthHealthtechMedical DevicesDetroit, US

Patrick Hines(CEO & Founder)Dr. Hines(Founder)John Cunningham(Chief Operating Officer)

Co-investorsID VenturesNYBC VenturesSeae VenturesWavemaker Three-Sixty Health

Fusion Coolant Systemsfusioncoolant.comin

Fusion Coolant Systems makes Pure-Cut, a machine-tool cooling and lubrication system that uses supercritical carbon dioxide instead of traditional cutting fluids to extend tool life, improve surface finish, and reduce health and environmental risks in CNC machining.

Advanced ManufacturingCleantechHardware

Steve Skerlos(Founder & Chief Technology Officer)in

Co-investorsID VenturesInvest MichiganMaterial Impact

Genomenongenomenon.comin𝕏

Genomenon uses AI to read biomedical literature and expert scientists to curate variant- and patient-level genomic evidence, delivering regulatory-grade real-world evidence.

AI & Machine LearningBiotechDigital HealthAnn Arbor, US

Mark Kiel(Executive Officer, Director)Eli Salembier(Executive Officer, Director)Sam Globus(Executive Officer)inDr. Sam Globus(Chief Operating Officer)Michael Klein(Executive Officer, Director)David Gregorka(Director)

Co-investorsBeringeaGreen Park & Golf VenturesID VenturesInvest MichiganIrishAngelsMarram Ventures+1 more

Getculturewellgetculturewell.com

Culturewell operates an Infection Insights and Cleaning Compliance Audit platform that performs environmental sampling and proteomics-enabled lab testing to detect and quantify viable germs (such as MRSA, C. diff, and Candida auris) on surfaces in healthcare facilities.

BiotechDigital HealthHealthtech

Gildformgildform.comin𝕏

Gildform is an on-demand product creation platform that uses AI to generate design mockups and connects users with a global network of CAD designers to produce 3D models for manufacturing custom jewelry, fashion hardware, home décor, and collectibles.

Advanced ManufacturingAI & Machine LearningE-commerceLogistics & Supply ChainDetroit, US

Karissma Yve(Founder)in

Co-investorsID VenturesTechstarsCapitalize VCREFASHIOND Ventures

Glcrystalglcrystal.comin

GLCT (GLC) manufactures ultra high-quality CVD diamond substrates using proprietary reactor designs and growth processes, with reactors built and diamond grown in the USA.

Deep TechNew MaterialsSemiconductors

Timothy Grotjohn(CTO)

Goodhoodgoodhood.autoin𝕏

Goodhood is a mobile car repair service that sends certified mechanics to a customer's home or office for maintenance and repairs, with fixed upfront quotes and a two-year warranty.

ConsumerMarketplacesMobility & Transportation

Co-investorsAllied Venture PartnersKubera Venture CapitalMucker CapitalNew Age VenturesOkapi Venture Capital

GreenMark Biomedicalgreenmark.bioin

BiotechEast Lansing, US

Steven Bloembergen, PhD(Executive Officer, Director)Steven Bloembergen(Executive Officer, Director)

BoardMichael Snyder(Director)Joerg Lahann, Ph.D.(Director)Kenneth Pienta(Director)Frank van Luttikhuizen(Director)

Co-investorsID VenturesInvest Michigan

Groundedrvsgroundedrvs.com
Happeorthohappeortho.com

HAPPE Spine develops INTEGRATE-C, an interbody spinal fusion cage built on its patented HAPPE (Hydroxyapatite Porous Polyetheretherketone) platform, combining porous and dense PEEK with integrated hydroxyapatite for bone ingrowth and post-operative imaging.

HealthtechMedical DevicesNew Materials

HealthBridgemyhealthbridge.comin

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 Capital Network

Humletshum.comDefunct

Hum provides white-label internet shopping and enrollment solutions for residential property managers and operators, allowing them to offer internet services to residents while retaining brand control and revenue.

Enterprise SoftwareFuture of WorkPropTechSaaSSan Francisco, US

Dann Petty(Founder)

Co-investorsID VenturesRWT HorizonsY Combinator

Hummusgoodnesshummusgoodness.com

Hummus Goodness makes Lebanese-style hummus using ingredients such as chickpeas, fresh garlic, lemon juice, tahini, and olive oil.

ConsumerDirect to ConsumerFoodTech

Hannah Awada(Founder)Lara Lozser(Co-founder)

Iaso Therapeuticsiasotherapeutics.com

BiotechEast Lansing, US

Robert Forgey(Executive Officer, Director)Xuefei Huang(Executive Officer, Director)Herbert Kavunja(Executive Officer)

BoardDonald Parfet(Director)Jeffrey Wesley(Director)inSteve Kuemmerie(Director)

Co-investorsWMU Biosciences Research & Commercialization Center

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Michigan Rise made?
Michigan Rise has 135 tracked investments, 1 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
What stage does Michigan Rise invest at?
Michigan Rise invests at the Pre-Seed, Seed, Series A stages.
What is Michigan Rise's typical check size?
Michigan Rise typically writes checks of $50K – $150K.
What sectors does Michigan Rise focus on?
Michigan Rise focuses on Advanced Manufacturing, AgTech, Biotech, Consumer, Data & Infrastructure, Defense Tech, Energy, Enterprise Software, Fintech, Hardware, Healthtech, Medical Devices, Mobility & Transportation, New Materials, SaaS, Sector Agnostic, Semiconductors.
Where is Michigan Rise located?
Michigan Rise is headquartered in East Lansing, US.
Does Michigan Rise lead rounds?
Michigan Rise typically participates in rounds rather than leading them.
Who does Michigan Rise co-invest with?
Michigan Rise most often shares deals with ID Ventures, Invest Michigan, Michigan Capital Network, among 124 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Fund Facts | Jeff Wesley of Michigan Rise | MEDC

Michigan Economic Development Corporation · Jeff Wesley

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