Top 10 VC Funds in Michigan

Michigan is a state with a lot of potential for startups and entrepreneurs. With a strong presence in industries such as automotive, healthcare, and technology, Michigan offers a diverse and innovative ecosystem for new ventures. However, finding the right funding partner can be challenging for any aspiring business owner. 

We have made a list of the top 10 VC funds in Michigan. Here’s the list:

1. Beringea

Beringea is a big player in venture capital, managing $715 million in the U.S. and U.K. They really support startups with patient capital, helping them grow. With a 30-year history, Beringea's diverse team works closely with founders, tackling challenges and opening doors for global success. Their friendly approach, built on an entrepreneurial spirit, makes them a great partner for startups aiming for long-term growth and value creation worldwide.

Website: beringea.com

Founding Year: 1988

Investment Range: $3M - $10M

Stage: Growth, Expansion

Sector: Advanced Manufacturing, Alternative Energy, Business Services, Consumer Products, Information Technology, Life Sciences, Media, Medical Device Technology, Mobility

Investment Geography: US, UK, Europe

Notable Investments: Optilogic, Papier, Authenticx

Submit Pitch/ Contact: Link

2. Detroit Venture Partners 

Founded in 2010 by Dan Gilbert, Quicken Loans Founder and Chairman, Detroit Venture Partners (DVP) is dedicated to supporting and launching early-stage tech companies. With a mission to propel global progress, DVP actively contributes to Detroit's entrepreneurial growth. The firm collaborates with forward-thinking founders, providing strategic support and access to resources from the extensive Rock Family of Companies network, comprising over 90 entities. Since its inception, DVP has remained steadfast in its commitment to innovation and driving the success of its portfolio companies.

Website: detroit.vc

Founding Year: 2010

Investment Range: Undisclosed

Stage: Seed - Series A

Sector: Advertisement Technology, Consumer Web Technology, Internet, Mobile Software, Social Media, and E-commerce

Investment Geography: Detroit, Michigan

Notable Investments: Revela, Layer, Treehouse, InvestNext, Wheel the World

Submit Pitch/ Contact: Link

3. Arboretum Ventures 

Arboretum Ventures is a healthcare-focused venture capital firm based in Ann Arbor. It invests across the U.S., with a focus on Midwest opportunities. Specializing in devices, diagnostics, services, and IT, they seek capital-efficient companies that can effectively cut healthcare costs.

Website: arboretumvc.com

Founding Year: 2002

Investment Range: $10M - $50M 

Stage: Seed, Early , Mid stage, and Growth Capital

Sector:  Healthcare with a focus on services, medical devices, diagnostics, healthcare information technology, therapeutics, technology-based healthcare services, and life sciences

Investment Geography: Based in Michigan and invests throughout the United States, but with a preference for Midwest opportunities

Notable Investments: BioIQ, Inogen, NeuMoDx, nVision, NxThera, Rethink, Swift Biosciences

Submit Pitch/ Contact: Link

4. RPM Ventures

Established in 2000, RPM Ventures is a seed and early-stage venture firm with a strong foundation in Silicon Valley's innovation and the Midwest's work ethic. Specializing in B2B SaaS, Cloud, Social Media Infrastructure, and Automotive IT, they invest primarily in Silicon Valley, New York, and the Great Lakes region. The firm's deep partnerships with entrepreneurs reflect its commitment to fostering cutting-edge technologies in areas like Connected Car, Mobility, and Transportation.

Website: rpmvc.com

Founding Year: 2000

Investment Range: $100K - $5M

Stage: Early, Seed

Sector: B2B and B2B2C technology startups in the Fintech, Mobility, Automotive, Enterprise Software, Financial Services, Insurance, and Real Estate sectors

Investment Geography: United States

Notable Investments: SoFi, Convey, Deliv

Submit Pitch/ Contact: Link

5. Plymouth Growth

Plymouth Growth specializes in investing in mid-continent B2B software and technology companies with revenues ranging from $3MM to $10MM. With a focus on proven business models and strong teams poised for expansion, Plymouth, based in Ann Arbor, MI, draws on decades of operational, advisory, and investment expertise. Emphasizing the importance of people in addition to metrics, they seek partnerships with entrepreneurs who achieve substantial results with limited resources. Currently operating from their fifth fund, Plymouth Growth actively supports and facilitates intelligent, proven growth for the teams they invest in.

Website: plymouthgp.com

Founding Year: 2002

Investment Range: $5M - $15M

Stage: Growth

Sector:  Technology, B2B Software, and tech-enabled service sector companies

Investment Geography: United States, Canada

Notable Investments: V Net Solutions, Alis, MentorcliQ, Forj, CloseSimple

Submit Pitch/ Contact: Link

6. Fontinalis Partners 

Fontinalis Partners is a prominent venture capital firm. It invests in early-stage startups driving innovation in efficient movement, industry, and sustainability. With a focus on transformative ideas, Fontinalis supports visionary founders dedicated to creating influential companies.

Website: fontinalis.com

Founding Year: 2009

Investment Range: $3M - $10M

Stage: Focus on early-stage startups spanning pre-seed, seed, Series A, and Series B rounds

Sector: Mobile Technology

Investment Geography: Michigan

Notable Investments: Life360 (IPO), Telogis (acquired by Verizon), Ouster (SPAC merger), Postmates (acquired by Uber), nuTonomy (acquired by Aptiv), Lyft (IPO)

Submit Pitch/ Contact: Link

7. ID Ventures 

ID Ventures invests in growing businesses in Detroit and Michigan. They give money, advice, and support to help startups succeed. The team is big on helping entrepreneurs and building a strong tech community. They care about diversity and support women, immigrants, and minorities in business. ID Ventures manages four funds and has helped over 200 Michigan startups, making them a major supporter of new businesses in the Great Lakes region.

Website: idventures.com

Founding Year: 2012

Investment Range: $1M - $10M

Stage: Multiple

Sector: Multiple

Investment Geography: United States

Notable Investments: Passage, LineLeap, Onboard, BlueCondoit, flextal, Carrot, Hum

Submit Pitch/ Contact: Link

8. BioStar Capital 

BioStar Capital is a leading investor in groundbreaking medical technologies, being innovative in healthcare. With a team comprising esteemed clinicians, thought leaders, and financial experts, BioStar provides unparalleled insights for every investment. Leveraging their expertise, industry networks, and access to medical pioneers, BioStar consistently delivers transformative outcomes for patients and lucrative returns for investors.

Website: biostarcapital.com

Founding Year: 2002

Investment Range: $1M - $100M

Stage: Debt, Early Stage Venture, and Late Stage Venture

Sector: Medical technologies including devices, digital health, robotics, and diagnostics with an emphasis on cardiovascular and orthopedic medicine sectors

Investment Geography: United States, Europe, and Israel

Notable Investments: 

Submit Pitch/ Contact: Link

9. eLab Ventures

eLab Ventures invests in businesses where AI is the difference in creating market disruption.

Website: elabvc.com

Founding Year: 2013

Investment Range: $50K - $1M

Stage: Seed and Early

Sector: Artificial Intelligence, Big Data, IoT, and Security 

Investment Geography: Michigan, Silicon Valley, California

Notable Investments: BlastPoint, Verge Aero, Mobileforce Software, Pulsora, MemryX

Submit Pitch/ Contact: info@elabvc.com

10. Ludlow Ventures

Ludlow Ventures embraces humble venture capitalism, prioritizing genuine connections over ego. They value authentic friendships beyond business, recognizing trust as the foundation of success. With bold confidence, they invest swiftly in teams, even in early stages. The firm sees venture capital as a customer service endeavor, offering support in product testing, design, networking, and promoting app downloads.

Website: ludlowventures.com

Founding Year: 2009

Investment Range: $50K - $1M

Stage: Convertible Note, Early Stage Venture, Seed, Venture

Sector: Finance, Financial Services, Venture Capital 

Investment Geography: US

Notable Investments: Lev, Copilot, Hatch, Honey

Submit Pitch/ Contact: Link

Best of luck with your amazing ventures. 

Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.