The Michigan Angel Fund (MAF) is a for-profit equity fund managed by Ann Arbor SPARK. The $2 million fund focuses on capital efficient, early stage companies located in Michigan.
The $45 million Renaissance Venture Capital Fund I was hailed as a new model for fundraising. CEO and Fund Manager Chris Rizik describes these kinds of connections as “make or break” for some of the start-ups in his fund’s portfolio, allowing them to gain market traction quickly.
Ask Josh Linkner what’s got him, and the team at Detroit Venture Partners, fired up, and you’ll get a simple response: Detroit. The VC firm’s “crazed mission” is to back companies that are committed to rebuilding the Detroit area by entrepreneurship.
Between its two funds, Hopen manages more than $65 million, which it prefers to invest in the region.
Renaissance Venture Capital Fund (RVCF) is a venture capital role model for Detroit.