Under the bridge that leads north and downhill into downtown Rochester sits a building that’s nondescript from the outside — a retrofitted old warehouse that fits nicely among the collision shops, dog groomers, and other workaday businesses that populate an industrial park. But this structure is a modern Michigan equivalent of the family garage where Steve Jobs started Apple in Los Altos, Calif., in 1976.
OneStream, a “corporate performance management” software startup that has reached an estimated valuation of more than $6 billion in a decade of existence, is one of five companies launched in Michigan that have reached the vaunted plateau of “unicorn” — marked by a valuation of $1 billion or more in the eyes of the venture capitalists who invest in such companies.
“The ‘big idea’ is the most important thing — you have to have an idea that’s worthy of a $1-billion valuation,” says Tom Shea, the Oakland University graduate and former financial manager for automakers and suppliers who founded OneStream in 2010. “Then it’s an incremental process in your brain. Once that’s underway, and you start methodically working it to the resources available, Michigan is a great place to be able to execute on that idea.”
And for the future of the region and state, that’s the issue: Can entrepreneurs and investors here create and grow enough unicorns to help the endemic auto industry amplify the state’s role as a truly robust player in the economy of the future?
At this point, the roster of unicorns from Michigan is paltry compared with the legions that have been spawned in Silicon Valley, where new unicorns emerge from the area’s low-slung tech campuses like they’re climbing out of Russian nesting dolls. Elsewhere, Boston has more unicorns than Michigan, as do a handful of emerging digital-tech havens such as Austin, Texas, and in the Research Triangle of North Carolina. Closer to home, Chicago boasts 10 unicorn companies.
Like OneStream, Michigan’s other unicorns started with a big idea entrepreneurs sparked and nourished. They were propelled by aspects of Michigan’s pre-existing economy and the major players in it, and, for various reasons, have found the state to be a propitious place to evolve into the upper echelons of today’s growth companies. Several other local high-growth tech companies are relying on the same factors to try to achieve unicorn status.
Michigan’s unicorns inarguably are headed by Rivian, the electric-car startup from Plymouth Township that, in November, went public in a Tesla-esque manner with an initial offering that yielded a market valuation of more than $100 billion, making it the world’s largest IPO of 2021.
Now 28 years old, R.J. Scaringe founded Rivian after completing his Ph.D. in mechanical engineering at the Sloan Automotive Lab at MIT. Scaringe’s aim was to create a line of highly desirable, environmentally friendly vehicles like Tesla’s. But his big idea was to focus first on pickup trucks, an exploding category that’s the most profitable for traditional automakers.
Now officially headquartered in Irvine, Calif., and making its vehicles in a former Mitsubishi assembly plant in Normal, Ill., Rivian put its engineering and development operations in Plymouth Township, qualifying Michigan as its childhood home, essentially — Rivian still employs more than 600 in the state. In addition, a few years back, Ford Motor Co. purchased 102 million shares of the company for $820 million. Based on the closing price of $100.73 a share on the Nasdaq following Rivian’s first day of trading on Nov. 10, 2021, Ford’s shares were worth $10.3 billion (the automaker owns roughly 12 percent of the company).
Rivian got an even bigger infusion from Seattle-based Amazon. As part of the arrangement with the e-commerce giant, Rivian sold a 20-percent stake and committed to deliver 100,000 electrically powered delivery vehicles by 2023.
Outside of the manufacturing realm, StockX in Detroit launched an online marketplace that resells sneakers, streetwear, collectibles, and other items. It was founded by the city’s iconic entrepreneur and venture backer, Dan Gilbert, along with three other investors, in February 2016, and earlier this year it reached what StockX said was a valuation of $3.8 billion after broadening its product line to include game consoles, smartphones, and computer hardware.
StockX began as a way to emulate a stock exchange — or a “stock market of things” — by providing market data for desired and one-of-a-kind items, including indicators such as 52-week highs and a volatility index. StockX generates revenue by keeping a percentage of each transaction.
“The original inception for StockX came from thoughts Josh had for stock-market mechanics,” says Greg Schwartz, co-founder and COO of StockX, about fellow co-founder Josh Luber. “So we’ve built the leading destination for Generation Z customers who are focused on highly sought, culturally relevant items.”
From a fairly robust market for cybersecurity expertise, DuoSecurity emerged in Ann Arbor in 2010 as a company to watch. The epiphany for computer-security experts Dug Song and Jon Oberheide was the recognition that “democratizing security would be useful in a world that’s increasingly connected and heterogeneous,” Song says. The duo started by building “second-factor authentication” security for so-called native-cloud operations. For inspiration, they looked to pioneers with Salesforce, which created a software-as-a-service (SaaS) platform for customer-relationship management.
DuoSecurity blossomed and was preparing to go public in 2018 when networking-hardware giant Cisco began sniffing around, eventually offering nearly $2.4 billion in cash to buy the outfit and accelerate its growth. “It’s been quite a success,” Song says, “and we are all over the place, now in more than 100 countries, with more than 400 global offices and Cisco folks representing us. And the pandemic became another big driver of our business.”
Llamasoft was founded in Utah in 1998 by Don Hicks, who sold the company to an enterprise in Ann Arbor before returning to work for the company in 2003. A unicorn today, the company’s proposition was to automate supply-chain design and planning with artificial intelligence, long before the current supply-chain crisis that has been jangling the global economy for a year. Llamasoft’s platform is used by Fortune 500 companies and major brands including Ford, General Motors, Ikea, Michael Kors, and Unilever.
In late 2020, Llamasoft was acquired by Coupa, a California-based leader in so-called business-spend management software, for $1.5 billion. “We are very excited about joining forces with Coupa,” said Razat Gaurav — who served as the company’s CEO for a couple of years and recently departed — at the time of the acquisition. The combination “provide(s) a unique opportunity to bring together digital-transformation solutions that drive decision-making and operational efficiency across the enterprise.”
Before he launched OneStream, Shea worked in finance for local auto suppliers such as ITT and then for Chrysler, now Stellantis. All the while, Shea was writing code on his own. He came up with a software platform that tracked CAD engineering time on auto-related products and sold his first software program when he was 22 years old. Several more custom programs followed.
Emboldened by his early entrepreneurial success, Shea left the corporate world and, with his brother and a friend, founded Upstream. “By then I knew enough about the challenges that CFOs were facing, and we saw PCs and microcomputers rising above the importance of mainframes,” Shea recalls. In 2006, the trio sold Upstream to Hyperion, a software giant that subsequently was acquired by the even larger Oracle.
From there, Shea pivoted to developing a platform for corporate financial managers that would give them the same kind of comprehensive view of various accounting functions that Salesforce, for instance, was giving sales executives and that manufacturing chiefs were getting from Enterprise Resource Planning (ERP) platforms.
“The opportunity was how to get data from different sources, including ERP systems and mainframes, into a layer that could be combined with financial intelligence, and then focus it on the office of the CFO,” Shea says. “’OneStream means funneling all of these streams of data together, with analytics, so they can view it all for decision-making.
“We sell a platform, and we have a ‘store,’ and when a new pressure is created on CFOs, we create a new product and they download it, and they get value out of it without having to buy an entire new technology or having to vet it and make sure it’s secure. We provide true agility and continuous value.”
As with other software companies, such as those providing e-commerce capabilities, OneStream got a huge boost from COVID-19 as businesses were compelled to update their systems to work more efficiently and flexibly amid the pandemic and the impact it had on in-person interaction. Annual recurring revenue grew by 85 percent in 2020, with OneStream’s customer count growing that year by 40 percent, to 650 enterprises.
Private-equity giant KKR & Co. invested more than $500 million in OneStream in 2019, providing a $1-billion-plus valuation. Another round of investments, in April 2021, injected $200 million more and valued OneStream at $6 billion. By the end of 2021, Wall Street rumors of an impending IPO were rampant and an early 2022 announcement is expected.
In addition to huge new expansion opportunities, remote work meant OneStream had to build out physically to accommodate its growing workforce. In Rochester, Shea ambles through the headquarters building that the company — in a pre-virus strategy typical of fast-growing tech enterprises — transformed into a workday playground for millennial and Gen Z employees. The facility includes a gym-sized space for corporate dodgeball games and a virtual- reality cage that started as a golf simulator.
A dozen unused Pelotons also sit nearby on a typical day in which Shea and a handful of other OneStream employees populate the building, compared with its previous regular on-site workforce of about 80 people. The company has offices sprinkled around the world. “There used to be real electricity here,” Shea muses. “Now there are just pockets of people, although we’ll see a burst of up to 50 people here sometimes for training.”
Fortunately for Michigan, OneStream’s story isn’t a tale of a tech high-flyer originating here and then fleeing for other locales that are more accustomed to a silicon-based business. Right before the pandemic unfolded in March 2020, OneStream was planning to build a new corporate headquarters of 60,000 square feet barely a quarter mile away in downtown Rochester. It was to feature a large “shared public space” that would welcome local shoppers as well as guests from the nearby Royal Park Hotel.
“But COVID-19 came, and then a lack of clarity (formed) around how people were going to need to be in offices, and that idea had to be unwound,” Shea explains. Instead, OneStream has opted to convert a former church in downtown Birmingham into its new physical headquarters. One benefit: It’ll be about 45 minutes closer to Detroit Metro Airport than relatively isolated Rochester.
The Birmingham refurbishment will house fewer employees, as OneStream takes more of a distributed-workforce approach going forward. In late 2021, for example, the company opened an office in Golden, Colo. “We think of our offices as ‘collaboration centers’ now,” Shea says. “As the hybrid work mode evolves, we feel we need more high-quality offices with a consistent feel and culture to them, in more places, rather than one giant office.”
The great reshuffling of technology jobs due to the rise of remote work is a potential new burden for digital Michigan companies — as well as, of course, a potential blessing, depending on how migration to and from the coasts works out.
Clearly, the state has a good deal to overcome as more than 80 percent of America’s venture funding comes from California, Massachusetts, and New York. “There’s a tendency to look at the coasts, to places that are more renowned as to where entrepreneurial activity comes from, and we take it for granted that’s just where it comes from,” says Chris Thomas, co-founder of Assembly Ventures, which seeks to boost Michigan-based mobility startups, and co-founder of Detroit-based Fontinalis Ventures with Bill Ford, Ralph Booth, and a handful of other investors.
Reilly Brennan, the Michigan-based founder of Trucks Venture Capital, which is headquartered in San Francisco and places bets on mobility startups, says the state “typically hasn’t seen enough risk capital, so founders who have a great idea go to the coasts to get financing, and many build companies there.”
Yet Thomas and Brennan are leaders of efforts to expand and accelerate venture funding in Michigan. Thomas says the conventional wisdom that the state can’t do better is wrong. “The places entrepreneurial success comes from are places where individuals will take the steps necessary to compete and to win — and to not be satisfied with just being at the table, but to win.”
How can Michigan do more winning?
In the broad and long-term effort to create more unicorns, Michigan does bring some substantial things to the table. For one, there’s the legacy of the state as home and nurturer to some of the biggest startups in the world: The Detroit Three automakers and literally dozens of major suppliers that have grown up around them. The companies remain some of the richest and most significant players in the global economy.
Maybe even more relevant is that, because of how the domestic auto industry grew up and remains headquartered in Michigan, the state has the biggest concentration of mechanical and electrical engineers in the country, and one of the densest in the world. As cars have become increasingly sophisticated, software engineering also has become a critical new competency among young Michiganders, making the state more competitive with the likes of Silicon Valley — and helping the local auto industry battle for control of the brains of vehicles with digital-tech giants such as Google and Apple.
“Michigan, historically, has been light in computer-science engineers,” Brennan says, “but that has changed in the last decade or so, particularly with a lot of work being done at the University of Michigan.”
Likewise, there’s a long history of product design and design engineering in the southwest part of the state, and that legacy is part of what’s behind an ambitious collection of about two dozen major employers there called the Seamless Consortium. Members including business-furniture maker Haworth, appliance titan Whirlpool, giant auto supplier Prince, and consumer-products leader Amway collectively finance “proof of concept” engagement with startups around the world related to manufacturing technologies such as sensors, helping create entrepreneurial energy and resources that often find their way back to the Grand Rapids area.
“The West Coast is getting excited about the Internet of Things, connecting widgets to the internet,” says Mike Morin, co-director of the Seamless Consortium, “but it’s easier for physical companies to integrate this stuff than for digital people to integrate all the capital in the physical world. That’s why you’re seeing this happen here.”
Brennan believes that important parts of the Michigan proposition for creating more unicorns are the same elements that make the state a great place to live in general — and the same elements that have local leaders hoping to lure more tech entrepreneurs here as the diaspora from coastal cities continues in the wake of the pandemic. “Michigan has so many inherent good qualities,” Brennan says. “A wonderful low cost of living, for example, and very low taxes compared with New York and California.”
Venture capitalists from California, checking out DuoSecurity a few years ago, had to “come to Ann Arbor in the dead of winter” or Song wouldn’t meet with them, Song says. “They would say, ‘When are you going to leave Michigan?’ — like we’d be the last ones to turn out the lights. I tried hard not to be offended by that, but on a personal level, I believe Ann Arbor is the best place in the country to raise a family.”
Conversely, Schwartz says being in Michigan has proven to be a “competitive advantage” for StockX in a business where access to talent is key. “We’re able to be a big fish in a smaller pond at an earlier stage than if we were based in Silicon Valley and competing with Facebook and Google and Twitter. People can work for an exciting consumer-tech startup here.”
State government, in general, and the Michigan Economic Development Corp. get kudos from some for providing entrepreneurs in the state with incentives such as seed funds, says Ara Topouzian, executive director of the Michigan Venture Capital Association in Novi.
For instance, May Mobility “got really good support” from the MEDC as the maker of autonomous vehicles in Ann Arbor. Edwin Olson, co-founder and CEO of May Mobility, says there was minimal red tape in granting the startup a number of manufacturer’s license plates that allowed the company, before its technology was completely proven, to test its vehicles on the streets and roads of Livingston County and beyond.
But it’s crucial for Michigan leaders to do more to nurture tech entrepreneurs and future unicorns, and to have more arrows in their quiver to do so. The most important improvement factor would be for more high-risk capital to originate with entities and people in the state. That might create more loyalty by successful entrepreneurs to the notion of staying in Michigan, and it would ensure that more monetary payback when startups are sold or go public would rebound to local residents.
“Ultimately, the highest multiple (that’s) paid back to investors is to people from the first rounds of capital-raising,” Brennan says. Consider, for example, that the sale of DuoSecurity to Cisco “was a great success for the founders in Michigan, but not for capital in the state of Michigan, because most of the exit profits went to firms that are on the coasts.”
Even Michigan, which has its share of billionaires outside of unicorn founders, can’t bootstrap itself enough with native capital if there isn’t a concerted effort. Thomas calls for “all the major players from the private sector to get around the table and talk about how we can partner (with startups) in unique ways that can succeed. There’s a tendency to look outward for partners, but we need to have an equal desire to look inward.
“We have to move away from the mindset of ‘What is our legacy?’ to one of, ‘What will our legacy be?’ ” Thomas adds. “It sounds like a small shift, but it’s actually a huge shift. It’s something we need to do a lot better.”
Brennan believes “everybody in the state should invest in a Michigan startup each year” — a sort of crowdfunding approach — and says he’s working with some entrepreneur friends “who’ve been thinking down the road about how to do this.”
Jeff Mason thinks the state already is “benefiting from a capital trend that started looking elsewhere for investments than the coasts over the last few years, because the coasts were very expensive to invest in.” The founder of Groundspeed Analytics, a near-unicorn in Ann Arbor, says more investors have “found less costly opportunities” in places including Nashville and Austin, as well as Ann Arbor.
Michigan, indeed, “is getting more capital” from other states and from within, Topouzian says, “but these companies are called ‘unicorns’ for a reason — you’re not going to have thousands of them overnight. A multitude of components are necessary. But one thing is for sure: The pipeline for startups and entrepreneurs in Michigan is plentiful.”
Michigan Venture Capital Firms
42 North Partners
171 Monroe Ave. NW
Grand Rapids 49503
616-325-2100
42np.com
Abundant Ventures
42690 Woodward Ave.
Bloomfield Hills 48304
248-481-3157
abundantventures.com
Amherst Fund
401 E. Stadium Blvd.
Ann Arbor 48104
734-662-2102
amherstfund.com
Annox Capital
40701 Woodward Ave.
Bloomfield Hills 48304
248-712-1086
annoxcapital.com
Apjohn Ventures
350 E. Michigan Ave., Ste. 500
Kalamazoo 49007
269-349-8999
apjohnventures.com
Arbor Partners
130 S. First St., Ste. 200
Ann Arbor 48104
734-668-9000
arborpartners.com
Arboretum Ventures
303 Detroit St., Ste. 301
Ann Arbor 48104
734-998-3688
arboretumvc.com
Aria Ventures
380 N. Old Woodward Ave., Ste. 290
Birmingham 48009
248-766-2903
ariaventures.com
Arsenal
303 Detroit St., Ste. 301
Ann Arbor 48104
734-436-1496
arsenalgrowth.com
Assembly Ventures
1555 Broadway Street
Detroit 48226
assemblyventures.com
Augment Ventures
206 S. Fourth Ave.
Ann Arbor 48104
augmentventures.com
Baird Capital
2950 S. State St., Ste. 401
Ann Arbor 48104
734-302-2900
bairdcapital.com
Beringea
32330 W. 12 Mile Rd.
Farmington Hills 48334
248-489-9000
beringea.com
BioStar Capital
206 Bridge St.
Charlevoix 49720
biostar.capital
Blue Victor Capital
2103 Rochelle Park Dr.
Rochester Hills 48309
bluevictorcapital.com
Boomerang Catapult
236½ W. Front St.
Traverse City 49686
231-631-1734
boomerangcatapult.com
City Side Ventures
34300 Woodward Ave., Ste. 200
Birmingham 48009
248-535-1306
citysideventures.com
CourtsideVC
Detroit
courtsidevc.com
Detroit Venture Partners
1555 Broadway, 3rd Floor
Detroit 48226
detroit.vc
Dow Venture Capital
2030 Dow Center
Midland 48674
989-636-1000
dow.com/venture
Draper Triangle Ventures
303 Detroit St., Ste. 100
Ann Arbor 48104
734-215-7577
drapertriangle.com
DTE Energy Ventures
414 S. Main St., Ste. 600
Ann Arbor 48104
734-302-5309
dteenergyventures.com
EDF Ventures
425 N. Main St.
Ann Arbor 48104
734-663-3213
edfvc.com
Eiconica Capital
34300 Woodward Ave., Ste. 200
Birmingham 48009
248-981-6688
eiconicacap.com
Eighteen94 Capital
One Kellogg Square
Battle Creek 49016
269-961-2000
1894capital.com
eLab Ventures
505 E. Liberty, LL500
Ann Arbor 48104
734-926-5221
elabvc.com
Envy Capital
39665 Northwestern Hwy., Ste. 200
Farmington Hills 48334
248-522-7166
envycapital.com
Evergreen Capital Partners
201 W. Big Beaver Rd.
Troy 48084
248-619-1864
evergreencappartners.com
Firefox Ventures
Bloomfield Hills
248-766-3040
firefoxventures.com
Fontinalis Partners
One Woodward Ave., Ste. 1600
Detroit 48226
313-432-0321
fontinalis.com
General Motors Ventures
300 Renaissance Center
Detroit 48265
gmventures.com
Genesis Innovation Group
13827 Port Sheldon St.
Holland 49424
616-294-1026
genesisinnovationgroup.com
Grand Ventures
38 W. Fulton St., Ste. 308
Grand Rapids 49503
616-326-1585
grandvcp.com
Honor Equity
63 Kercheval Ave., Ste. 111
Grosse Pointe Farms 48236
313-444-0093
honorequity.com
Hopen Life Science Ventures
171 Monroe Ave. NW, Ste. 410
Grand Rapids 49503
616-325-2110
hopenls.com
Huron River Ventures
303 Detroit St., Ste. 100
Ann Arbor 48104
huronrivervc.com
IncWell
1000 S. Old Woodward Ave., Ste. 105
Birmingham 48009
248-593-9355
incwell.net
Invest Detroit
600 Renaissance Center, Ste. 1710
Detroit 48234
313-259-6368
investdetroit.vc
Invest Michigan
19 Clifford St.
Detroit 48226
313-727-2500
419-345-7688
investmichigan.org
JxP Capital
6735 Telegraph Rd.
Bloomfield Hills 48301
248-550-0838
jxpcapital.com
Kelly Innovation Fund
999 W. Big Beaver Rd.
Troy 48084
kellyservicesinvestments.com
Lis Ventures
28555 Orchard Lake Rd., Ste. 100
Farmington Hills 48334
lisventures.com
Ludlow Ventures
1555 Broadway
Detroit 48226
ludlowventures.com
MadDog Technology
233 Pierce St.
Birmingham 48009
248-686-0900
maddogtechnology.com
McKinley Technology Group
106 S. Walnut, Ste. 1
Bay City 48706
866-616-1463, ext. 4
mckinleytechnology.com
Mercury Fund
303 Detroit St., Ste. 100
Ann Arbor 48104
mercuryfund.com
Michigan Accelerator Fund
140 Monroe Center NW, Ste. 300
Grand Rapids 49503
616-235-3567
maf-1.com
Michigan Biomedical Venture Fund
3350 Duderstadt
Ann Arbor 48103
cfe.umich.edu/mbdf
Michigan Capital Network
40 Pearl St. NW, Ste. 336
Grand Rapids 49503
michigancapitalnetwork.com
Miller Capital Partners
1411 W. Long Lake Rd., Ste. 100
Troy 48098
248-901-1650
millercapital.com
Mission Throttle
2 Towne Square, Ste. 900
Southfield 48076
248-415-1455
missionthrottle.com
MK Capital
353 W. William, Ste. 303
Ann Arbor 48103
734-663-6500
mkcapital.com
Monroe-Brown Seed Fund
2281 Bonisteel Ave.
Ann Arbor 48103
cfe.umich.edu/mb-seedfund
Narrow Gauge Ventures
330 Detroit St., Ste. 200
Ann Arbor 48104
narrowgaugeventures.com
North Coast Technology Investors
206 S. Fifth Ave., Ste. 550
Ann Arbor 48104
734-662-7667
northcoastvc.com
Northbrook Investment Management
2149 Jolly Rd., Ste. 500
Okemos 48864
517-347-0347
northbrookinvestment.com
Omega Accelerator
3707 W. Maple Rd., Ste. 100E
Bloomfield Hills 48301
248-633-8557
omergaaccelerator.com
Plymouth Growth Partners
555 Briarwood Circle, Ste. 210
Ann Arbor 48108
734-747-9401
plymouthgp.com
Quantum Medical Concepts
120 W. Saginaw St.
East Lansing 48823
quantummedicalconcepts.com
Quantum Ventures of Michigan
1030 Doris Rd.
Auburn Hills 48326
248-292-5680
qvmllc.com
Red Cedar Ventures
325 E. Grand River Ave., Ste. 275
East Lansing 48823
517-256-4040
msufoundation.org/redcedarventures
Renaissance Venture Capital
201 S. Main St., 10th Floor
Ann Arbor 48104
734-997-8661
renvcg.com
Resonant Venture Partners
425 N. Main St.
Ann Arbor 48104
resonantvc.com
RHV Capital Investors
38710 Woodward Ave.
Bloomfield Hills 48304
248-561-5508
rhvcapital.com
Rizvi Traverse Management
260 E. Brown St., Ste. 2500
Birmingham 48009
248-594-4751
rizvitraverse.com
Rock Cos.
6400 Telegraph Rd., Ste. 2500
Bloomfield Hills 48301
248-430-7712
rockcompanies.com
RPM Ventures
350 N. Main St., Ste. 400
Ann Arbor 48104
734-332-1700
rpmvc.com
Secret Sauce Capital
28 W. Adams Ave.
Detroit 48226
313-818-3260
secretsaucecapital.com
SI Capital
38955 Hills Tech Dr.
Farmington Hills 48331
sicapitalllc.com
Skypoint Ventures
601 Saginaw St.
Flint 48502
810-547-5591
skypointventures.com
Sloan Ventures
430 N. Old Woodward Ave.
Birmingham 48009
248-540-9660
sloanventures.com
Southwest Michigan First Life Science Fund
261 E. Kalamazoo Ave., Ste. 200
Kalamazoo 49007
269-553-9588
southwestmichiganfirst.com
Spectrum Health Ventures
221 N. Michigan St. NE, Ste. 501
Grand Rapids 49503
616-281-6720
spectrumhealth.org
Tamarind Hill
220 E. Huron St., Ste. 650
Ann Arbor 48104
tamarind-hill.com
Tappan Hill Ventures
425 N. Main St.
Ann Arbor 48104
734-355-7399
tappanhillventures.com
TGap Ventures
7171 Stadium Dr.
Kalamazoo 49009
269-217-1999
tgapvcfunds.com
Third Shore Group
25909 Meadowbrook Rd.
Novi 48375
248-291-7758
thirdshoregroup.com
TKM Ventures Management
706 Dornoch Dr.
Ann Arbor 48103
734-369-3456
tkm-ag.com
Venture Investors Health Fund
201 S. Main St., Ste. 900
Ann Arbor 48301
734-274-2904
ventureinvestors.com
Vineyard Capital Group
26111 W. 14 Mile Rd.
Franklin 48205
248-415-8000
vineyardcap.com
VoyLet Capital
719 Griswold, Ste. 820-101
Detroit 48226
734-788-4199
voyletcapital.com
Wakestream Ventures
40 Pearl St. NW, Ste. 200
Grand Rapids 49503
wakestreamventures.com
White Pines Ventures
2401 Plymouth Rd., Ste. B
Ann Arbor 48105
734-747-9401
whitepines.com
Wolverine Venture Fund
701 Tappan Ave., R3200
Ann Arbor 48109
734-615-4419
zli.umich.edu/programs-funds
Sources: Michigan Venture Capital Association, DBusiness research
Michigan Private Equity Firms
Abundant Ventures
390 W. Dryden Rd.
Metamora 48455
248-812-2418
abundantventures.com
Alidade Capital
40900 Woodward Ave., Ste. 250
Bloomfield Hills 48304
248-593-7878
alidadecapital.com
Amerivest Group
119 Church St., Ste. 236
Romeo 48065
877-745-1976
amerivestllc.com
Anderton Industries
3001 W. Big Beaver Rd., Ste. 310
Troy 48084
248-430-6650
andertonindustries.com
Ar2
3600 Wabeek Dr. W
Bloomfield Hills 48302
812-418-0639
ar2.global
The Ascent Group
28 W. Adams, Ste. 800
Detroit 48226
313-908-0476
ascentgroupmi.com
Auxo Investment Partners
146 Monroe St. NW
Grand Rapids 49503
616-980-9810
auxopartners.com
Avenir Group
380 N. Old Woodward Ave., Ste. 314
Birmingham 48009
248-594-6350
avenirgroupinc.com
BlackEagle Partners
6905 Telegraph Rd., Ste. 119
Bloomfield Hills 48301
313-647-5340
blackeaglepartners.com
Blackford Capital
190 Monroe Ave. NW
Grand Rapids 49503
616-233-3161
blackfordcapital.com
Blue Water Equity Partners
251 E. Merrill St., Ste. 202
Birmingham 48009
248-792-3644
bluewaterep.com
Bridge Street Capital Partners
171 Monroe Ave. NW, Ste. 410
Grand Rapids 49503
616-732-1051
bridgestreetcapital.com
Camelot Venture Group
27725 Stansbury St., Ste. 175
Farmington Hills 48334
248-741-5100
camelotvg.com
Chestmore Capital Management
43842 W. 12½ Mile Rd., Ste. 150
Novi 48377
248-231-0900
chestmoror.com
CITG Capital Partners
354 Indusco Centre
Troy 48083
citgcapital.com
Colfax Creek Capital
Birmingham 48009
248-631-4620
colfaxcreek.com
Concurrence Capital Holdings
1600 E. Beltline, Ste. 213
Grand Rapids 49525
616-649-2510
concaphold.com
Cortex Group
383 Elmington Ct.
Canton 48188
734-981-1027
answerthink.com
Covington Partners
1734 Crooks Rd.
Troy 48084
248-450-5900
covingtonllc.com
Crescent Way Capital Partners
339 E. Liberty St.
Ann Arbor 48014
734-276-9914
crescenwaycapital.com
Dempsey Ventures
40 Pearl St. NW, Ste. 1000
Grand Rapids 49503
616-259-8430
dempseyventures.com
Detroit Venture Partners
1555 Broadway St., 3rd Floor
Detroit 48226
detroit.vc
Endurance Ventures
121 W. Washington St., Ste. 400
Ann Arbor 48104
734-994-3406
enduranceventures.com
Equity 11
2701 Cambridge Ct.
Auburn Hills 48326
248-377-8012
Evans Industries
200 Renaissance Center, Ste. 3150
Detroit 48243
313-259-2266
eiihq.com
Fresh Waters Venture Fund
7600 McCain Rd.
Parma 49269
517-914-8284
freshwater.ventures
Gal-Mar
32255 Northwestern Hwy., Ste. 290
Farmington Hills 48334
248-522-6964
gal-mar.com
GR Investment Group
839 N. Rochester Rd.
Clawson 48017
248-588-3946
Grand Sakwa Capital
28470 13 Mile Rd., Ste. 220
Farmington Hills 48334
248-855-5500
grandsakwa.com
Greenstone Investments
2605 Greenstone Blvd.
Auburn Hills 48326
248-276-0800
GVD Industries
3440 Windquest Dr.
Holland 49424
616-836-4067
gvdindustries.com
Highgate
260 E. Brown St.
Birmingham 48009
248-385-5285
Huron Capital Partners
500 Griswold St., Ste. 2700
Detroit 48226
313-962-5800
huroncapital.com
InvestMichigan
500 Griswold St., Ste. 1640
Detroit 48226
313-244-0667
investmichigan.org
Jacob and Rohn Equity
1345 Monroe Ave. NW, Ste. 410
Grand Rapids 49505
616-710-1437
Lake Street Capital
Detroit
lakestreetcapital.com
Lakeland Ventures Development
410 Lakeland St.
Grosse Pointe 48230
313-886-8370
Leapfrog Holdings
4984 Champlain Circle, Ste. 1800
West Bloomfield 48323
248-432-2861
leapfrogholdings.com
Long Lake Capital Management
74 E. Long Lake Rd., Ste. 210
Bloomfield Hills 48304
248-712-6160
longlakecapital.com
Long Point Capital
26700 Woodward Ave.
Royal Oak 48067
248-591-6000
longpointcapital.com
Longhouse Partners
Detroit
313-618-9735
longhousepartners.com
Lorient Capital
55 W. Maple Rd.
Birmingham 48009
248-247-3900
lorientcap.com
LV2 Equity Partners
2013 W. Wackerly St., Ste. 200
Midland 48640
989-631-2687
lv2partners.com
M Group
805 E. Maple Rd.
Birmingham 48009
248-540-8843
mgroupinc.com
M3 Capital Partners
5755 New King Dr., Ste. 210
Troy 48098
248-247-3045
mcubedcp.com
Michigan Capital Advisors
39520 Woodward Ave., Ste. 205
Bloomfield Hills 48304
248-590-2275
michigancapitaladvisors.com
Miller Capital Partners
1441 W. Long Lake Rd., Ste. 100
Troy 48098
248-901-1650
millercapital.com
Motoring Ventures
29155 Northwestern Hwy.
Southfield 48034
248-795-5469
motoringventures.com
New Century Investments
1 Towne Square, Ste. 1690
Southfield 48076
248-262-3140
Northstar Capital
100 Jackson St., Ste. 206
Jackson 49201
517-783-5325
northstar-capital
O2 Investment Partners
40900 Woodward Ave., Ste. 200
Bloomfield Hills 48304
248-540-8040
o2investment.com
Oakland Standard Co.
280 W. Maple Rd., Ste. 305
Birmingham 48009
313-701-7735
oaklandstandard.com
Ottawa Avenue Private Capital
126 Ottawa Ave. NW, Ste. 500
Grand Rapids 49503
616-454-4114
linkedin/company/ottawa-private-capital/
Peninsula Capital Partners
500 Woodward Ave., Ste. 2800
Detroit 48226
313-237-5100
peninsulafunds.com
Rainstar Capital Group
P.O. Box 140991
Grand Rapids 49504
616-200-8677
rainstarcapitalgroup.com
Riverstone Growth Partners
6400 Telegraph Rd., Ste. 2000
Bloomfield Hills 48009
248-430-7961
rgpequity.com
Rockbridge Growth Equity
1070 Woodward Ave.
Detroit 48226
313-373-7000
rbequity.com
Sigma Investment Counselors
186 E. Main St.
Northville 48167
248-223-0122
sigmainvestments.com
Simon Group Holdings
335 E. Maple Rd.
Birmingham 48009
313-662-3538
simongroupholdings.com
Soaring Pine Capital Management
335 E. Maple Rd.
Birmingham 48009
313-662-3538
simongroupholdings.com
Speyside Equity
Ann Arbor
212-994-0308
speysideequity.com
Stage 2 Innovations
26800 Haggerty Rd.
Farmington Hills 48331
248-536-1970
stage2innovations.com
Stone River Capital Partners
261 E. Maple Rd.
Birmingham 48009
248-203-9840
stonerivercap.com
Stratford-Cambridge Group
801 W. Ann Arbor Trail, Ste. 235
Plymouth 48170
734-667-1925
scgequity.com
Strength Capital Partners
350 N. Old Woodward Ave., Ste. 100
Birmingham 48009
248-593-5800
strengthcapital.com
Sturbridge Capital
280 N. Old Woodward Ave.
Birmingham 48009
248-220-8400
sturbridgecapital.com
Superior Capital Partners
500 Griswold St., Ste. 2320
Detroit 48226
313-596-9600
superiorfund.com
Talon Group
400 Talon Centre Dr.
Detroit 48207
313-392-1000
talon.us
Tillerman and Co.
59 Baynton Ave. NW
Grand Rapids 49503
616-443-8346
tillermanco.com
TMW Enterprises
101 W. Big Beaver Rd., Ste. 800
Troy 48084
248-844-1410
tmwent.com
Transportation Resource Partners
2555 S. Telegraph Rd.
Bloomfield Township 48302
248-648-2101
trpfund.com
TRP Capital Partners
2555 S. Telegraph Rd.
Bloomfield Twp. 48302
248-648-2101
trpfund.com
True North Equity
477 S. Main St.
Plymouth 48170
248-890-3961
truenorthequity.com
Union Lake Management
7609 Locklin
West Bloomfield Twp. 48324
248-363-0080
ValStone Partners
260 E. Brown St.
Birmingham 48009
248-646-9200
valstonepartners.com
Venture Investors
201 S. Main St., Ste. 900
Ann Arbor 48104
734-274-2904
ventureinvestors.com
Vision Investment Partners
700 N. Old Woodward Ave., Ste. 300
Birmingham 48009
248-865-1515
visioninvpartners.com
Volution Capital Management
130 S. First St., Ste. 201
Ann Arbor 48104
734-669-8260
The Windquest Group
201 Monroe Ave. NW, Ste. 500
Grand Rapids 49503
616-459-4500
windquest.com
Wolverine Capital Partners
2478 Heronwood Dr.
Bloomfield Hills 48302
248-220-2200
wolverinecapital.com
Sources: Michigan Venture Capital Association, DBusiness research
Metro Detroit Investment Banks
Amherst Partners
255 E. Brown St., Ste. 120
Birmingham 48009
248-642-5660
amherstpartners.com
Arbor Capital Markets
Ann Arbor
734-678-0483
arborcapitalmarkets.com
BeaconView Capital
1002 N. Main St.
Rochester 48307
248-302-0671
beaconviewadvisors.com
Blue River Financial Group
1668 S. Telegraph Rd., Ste. 250
Bloomfield Hills 48302
428-309-3730
goblueriver.com
Boulevard and Co.
333 W. 7th St., Ste. 280
Royal Oak 48967
313-230-4156
boulevardusa.com
Cascade Partners
29100 Northwestern Hwy., Ste. 405
Southfield 48034
248-430-6266
cascade-partners.com
Charter Capital Partners
1420 Broadway St.
Detroit 48226
313-879-2565
chartercapitalpartners.com
Cowen
300 Park St., Ste. 480
Birmingham 48009
248-594-0400
cowen.com
FINNEA Group
34977 Woodward Ave., Ste. 210
Birmingham 48009
248-792-3000
finneagroup.com
Greenwich Capital Group
189 Townsend St., Ste. 200
Birmingham 48009
248-480-2030
greenwichgp.com
P&M Corporate Finance Inc.
2 Towne Square
Southfield 48076
248-223-3300
pmcf.com
Paint Creek Capital Partners
755 W. Big Beaver Rd.
Troy 48084
248-792-3544
paintcreekpc.com
Pendo Advisors
400 Renaissance Center, Ste. 2600
Detroit 48243
313-309-7134
pendoadvisors.com
UHY Corporate Finance
719 Griswold St., Ste. 630
Detroit 48226
313-964-8311
uhy-us.com
Source: DBusiness research
Michigan Family Funds
(Talbert “Ted” and Leota) Abrams Foundation
271 Woodland Pass
East Lansing 48823
517-853-6900
the-abrams-foundation.org
Allen Foundation
812 W. Main St.
Midland 48640
989-832-5678
Baiardi Family Foundation
2328 Pinecrest St.
Harbor Springs 49740
231-526-8395
baiardifoundation.org
(Guido A. and Elizabeth H.) Binda Foundation
15 Capital Ave. NE, Ste. 205
Battle Creek 49017
269-968-6171
bindafoundation.org
Cook Family Foundation
120 W. Exchange St., Ste. 202
Owosso 48867
989-725-1621
cookfamilyfoundation.org
William Davidson Foundation
P.O. Box 1688
Birmingham 48012
248-788-6500
williamdavidson.org
(Douglas and Margaret) DeCamp Foundation
3485 W. M 179 Hwy.
Hastings 49058
616-945-4700
(Daniel and Pamela) DeVos Foundation
P.O. Box 230257
Grand Rapids 49523
616-643-4700
dpdevosfoundation.org
(Dick and Betsy) DeVos Foundation
P.O. Box 230257
Grand Rapids 49523
616-643-4700
dbdevosfoundation.org
(Douglas and Maria) DeVos Foundation
P.O. Box 230257
Grand Rapids 49523
616-643-4700
dmdevosfoundation.org
(Herbert H. and Grace A.) Dow Foundation
1018 W. Main St.
Midland 48640
989-631-2471
hhdowfoundation.org
(Alden and Vada) Dow Fund
315 Post St.
Midland 48640
989-839-2740
avdowfamilyfoundation
(Vera and Joseph) Dresner Fund
6960 Orchard Lake Rd.
West Bloomfield Twp. 48522
248-785-0299
dresnerfoundation.org
Erb Family Foundation
215 S. Center St., Ste. 100
Royal Oak 48067
248-498-2503
erbff.org
(John E.) Fetzer Institute
9292 W. KL Ave.
Kalamazoo 49009
269-375-2000
fetzer.org
Max M. and Marjorie S. Fisher Foundation
Two Towne Square, Ste. 920
Southfield 48076
248-415-1444
mmfisher.org
Ford Foundation
320 E. 43rd St.
New York, NY 10017
212-573-5000
fordfoundation.org
Ford Motor Co. Fund
1 American Rd.
Dearborn 48126
fordfund.org
Frey Foundation
40 Pearl St. NW, Ste. 1100
Grand Rapids 49503
616-451-0303
freyfdn.org
Generations Management
13919 SW Bayshore Dr.
Traverse City 49684
231-946-8772
generationsmgnt.com
Hagerman Foundation
601 S. Saginaw St.
Flint 48502
810-285-9223
thehagermanfoundation.org
(Edward and June) Kellogg Foundation
1250 Byron Rd.
Howell 48843
517-546-3330
W.K. Kellogg Foundation
Battle Creek
wkkf.org
(James S. and James L.) Knight Foundation
440 Burroughs, Ste. 380
Detroit 48202
305-908-2600
knightfoundation.org
Laidlaw Family Foundation
314 Newman St.
East Tawas 48730
laidlawfoundation.org
(Richard and Jane) Manoogian Foundation
21001 Van Born Rd.
Taylor 48180
313-792-6246
McGregor Fund
333 W. Fort St., Ste. 2090
Detroit 48226
313-963-3495
mcgregorfund.org
Meijer Foundation
80 Ottawa Ave. NW, Ste. 101
Grand Rapids 49503
meijercommunity.com
Morley Family Foundation
P.O. Box 2485
Saginaw 48605
989-753-3438
morleyfdn.org
(Charles Stewart) Mott Foundation
503 S. Saginaw St., Ste. 1200
Flint 48502
810-238-5651
mott.org
Ruth Mott Foundation
111 E. Court St., Ste. 3C
Flint 48502
810-233-0170
ruthmottfoundation.org
R.E. Olds Foundation
P.O. Box 4900
East Lansing 48826
517-402-1009
reoldsfoundation.org
Suzanne Upjohn Delano Parish Foundation
211 S. Rose St.
Kalamazoo 49007
269-388-9800
Porter Family Foundation
212 W. Summit St.
Ann Arbor 48103
313-881-0500
Reid Family Foundation
3159 Alco Dr.
Waterford 48329
reidff.org
Russell Family Foundation via Community Foundation for Southeast Michigan
333 W. Fort St., Ste. 2010
Detroit 48226
313-961-6675, ext. 118
cfsem.org/organization/Russell-family-foundation
Schaap Foundation
P.O. Box 75000, MC 3302
Detroit 48275
313-222-3568
(Charles J.) Strosacker Foundation
812 W. Main St.
Midland 48640
989-832-0066
strosacker.org
Taubman Foundation
200 E. Long Lake Rd., Ste. 190
Bloomfield Hills 48304
alfredtaubman.com
(Harry A. and Margaret) Towsley Fund
240 W. Main St.
Midland 48640
989-837-1100
towsleyfoundation.org
Tummala Charitable Foundation
1240 Woodkrest Dr.
Flint 48532
810-733-8673
(Harold and Grace) Upjohn Fund
300 S. Westnedge Ave.
Kalamazoo 49007
269-385-0439
haroldandgraceupjohnfoundation.org
Van Elslander Family Fund
6500 E. 14 Mile Rd.
Warren 48092
586-939-0800
Walters Family Fund
P.O. Box 370
Midland 48381
248-205-1390
waltersffmi.org
Williams Family Fund
380 N. Old Woodward Ave.
Birmingham 48009
248-642-0333
Karen Colina Wilson Foundation
P.O. Box 728
Grosse Ile 48138
kcwf.org
Matilda R. Wilson Fund
1901 St. Antoine St., 6th Floor
Detroit 48226
313-392-1040
Ralph C. Wilson, Jr. Foundation
3101 E. Grand Blvd.
Detroit 48202
313-885-1895
ralphwilsonjrfoundation.org
Source: DBusiness research
Michigan-based Angel Investor Groups
Ann Arbor Angels
201 S. Division St., Ste. 430
Ann Arbor 48104
annarborangels.org
Mission: Invest in young companies with breakthrough products or services while sharing expertise, providing mentoring, and facilitating connections to the broader marketplace.
Ark Angel Fund
30095 Northwestern Hwy., Ste. 101
Farmington Hills 48334
248-851-1200
arkangelfund.com
Mission: The fund invests in early stage, startup, and other technology-based businesses, along with assisting in the development of such firms.
Belle Michigan Impact Fund
217 Lake Shore Rd.
Grosse Pointe Farms 48236
bellefunds.com
Mission: Provide superior returns for investors while serving the early-stage capital needs of companies led by women.
BlueWater Angels Investment Network
1320 N. Michigan Ave., Ste. 6
Saginaw 48602
bluewaterangels.com
Mission: Recognize the value of supporting and nurturing the entrepreneurial community for the economic benefit of mid-Michigan and Michigan in general.
Birmingham Angels
34300 Woodward Ave., Ste. 200
Birmingham 48009
248-535-1306
citysideventures.com/Birmingham-angels
Mission: Building a network of active, progressive, and innovative investors that are committed to turning the U.S. into a powerhouse startup ecosystem.
Capital Community Angel Investors
1181 Ridgewood Dr.
East Lansing 48823
ccangels.org
Mission: Introduce qualified entrepreneurs to member investors, focusing on disruptive early-stage investments that offer a sustainable competitive advantage.
Commune Angels
440 Burroughs St., Ste. 631
Detroit 48202
communeangels.com
Mission: To expand access to angel investing and capital investing in scalable consumer, enterprise, and life science companies that transform lives. Diversity is essential to transformative innovation, and members are committed to contributing their experiences, relationships, and resources to drive better outcomes for investors, portfolio companies, and their customers.
Grand Angels
40 Pearl St., Ste. 336
Grand Rapids 49503
616-566-1770
grandangels.org
Mission: Invest in new ideas that will have a positive effect on the world, focusing on west Michigan and border states.
Great Lakes Angels
568 Woodway Ct., Ste. 1
Bloomfield Hills 48302
glangels.org
Mission: Provide funding to capital-efficient, early-stage companies located in the Midwest.
Ka-Zoo Angels
40 Pearl St. NW, Ste. 336
Grand Rapids 49503
grandangels.org
Mission: Measure impact through business growth, job creation, and the attraction to and retention of talent in west Michigan. (This is an affiliate of Grand Angels.)
Michigan Angel Fund
201 S. Division, Ste. 430
Ann Arbor 48104
miangelfund.com
Mission: Provide funding to the most promising, capital-efficient, early-stage companies in Michigan.
Michigan Capital Network
37 Ottawa Ave. NW
Grand Rapids 49503
michigancapitalnetwork.com
Mission: Through its prompt investment and constant monitoring, it assists entrepreneurs who want to establish world-class businesses.
Muskegon Angels
200 Viridian Dr.
Muskegon 49440
muskegonangels.com
Mission: Find, fund, and mentor great young companies, from pitch through successful exit, with a priority on job creation and development in the Muskegon area.
Pointe Angels
Grosse Pointe
Woodward Angels
woodwardangels.com
Mission: Invest in tech and digitally scaling companies in and around Detroit at the pre-seed and seed stage.
Sources: Michigan Venture Capital Association, DBusiness research
Economic Development Organizations
Ann Arbor SPARK
330 E. Liberty St.
Ann Arbor 48104
734-761-9317
annarborusa.org
Mission: Advance the economy of the Ann Arbor area by establishing it as a desired place for innovation and growth.
Dearborn Economic and Community Development
16901 Michigan Ave., Ste. 6
Dearborn 48126
313-943-2180
cityofdearborn.org
Mission: Business retention, attraction, and investment; improving neighborhoods; contributing to a high quality of life.
Detroit Economic Growth Corp.
500 Griswold St., Ste. 2200
Detroit 48226
313-963-2940
degc.com
Mission: Design and implement innovative solutions that attract investment, create jobs, and advance Detroit’s economy for all residents.
Flint Community and Economic Development
1101 S. Saginaw St.
Flint 48502
810-766-7015
cityofflint.com
Mission: To improve the quality of life for all residents of the city of Flint through the creation of safe and healthy neighborhoods, and promoting a growing and diverse economy.
Grand Traverse Economic Development Corp.
202 E. Grandview Parkway
Traverse City 49684
231-995-7108
grandtraverseedc.com
Mission: To help grow, retain, and expand business in the Grand Traverse region.
Lansing Economic Development Corp.
1000 S. Washington Ave., Ste. 201
Lansing 48933
517-702-3387
lansingmi.gov
Mission: Attract, expand, and retain business and industry in the city of Lansing.
Livonia Economic Development
33000 Civic Center Dr.
Livonia 48154
734-466-2200
livonia.gov
Mission: The retention and expansion of existing Livonia businesses, and attracting new business.
Michigan Economic Development Corp.
300 N. Washington Square
Lansing 48913
888-522-0103
michiganbusiness.org
Mission: Market Michigan as the place to do business, assist businesses in their growth strategies, and foster the growth of vibrant communities across the state.
The Right Place
125 Ottawa Ave. NW, Ste. 450
Grand Rapids 49503
616-771-0325
rightplace.org
Mission: To build the next chapter in west Michigan’s growth story.
StartupNation
34300 Woodward Ave., Ste. 200
Birmingham 48009
1-866-59-STARTUP
startupnation.com
Mission: Provide resources and services to start and grow a business.
Sterling Heights Economic Development
6633 18 Mile Rd.
Sterling Heights 48314
586-884-9322
sterling-heights.net
Mission: Attract, expand, and retain business and industry.
Westland Economic Development
36300 Warren Rd.
Westland 48185
734-467-3264
cityofwestland.com
Mission: To provide leadership in the retention, expansion, and attraction of businesses.
Source: DBusiness research
Asset Management Companies
Advance Capital Management
1 Towne Square, Ste. 800
Southfield 48076
800-345-4783
acadviser.com
Azimuth Capital Management
200 E. Long Lake Rd., Ste. 160
Bloomfield Hills 48304
248-433-4000
azimuthcap.com
Bloom Asset Management
31275 Northwestern Hwy., Ste. 145
Farmington Hills 48334
248-932-5200
bloomassetmanagement.com
R.H. Bluestein & Co.
260 E. Brown St., Ste. 100
Birmingham 48009
248-646-4000
rhbco.com
Clarkston Capital Partners
91 W. Long Lake Rd.
Bloomfield Hills 48304
248-723-8000
clarkstoncapital.com
DeRoy & Devereaux
2000 Town Center, Ste. 2850
Southfield 48075
248-358-3200
deroydevereaux.com
Jay A. Fishman Ltd. Investments
901 Wilshire Dr., Ste. 555
Troy 48084
2488-740-9400
jaf-ltd.com
FormulaFolio Investments
89 Ionia NW, Ste. 600
Grand Rapids 49503
888-562-8880
formulafolios.com
Mainstay Capital Management
10775 S. Saginaw St.
Grand Blanc 48439
866-444-6246
mainstaycapital.com
Munder Capital Management
480 Pierce St.
Birmingham 48009
248-647-9200
vcm.com
Plante Moran Financial Advisors
27400 Northwestern Hwy.
Southfield 48034
248-352-2500
plantemoran.com
Q3 Asset Management
2175 Cole St.
Birmingham 48009
248-566-1122
q3tactical.com
Rehmann Capital Advisory Group
1500 W. Big Beaver Rd.
Troy 48044
866-799-9580
rehmann.com
Retirement Income Solutions
2301 Platt Rd., Ste. 300
Ann Arbor 48104
734-769-7727
risadvisory.com
Schwartz and Co. Investment Advisors
3707 W. Maple Rd., Ste. 3212
Bloomfield Hills 48301
248-644-2701
gjsco.com
Seizert Capital Partners
34100 Woodward Ave.
Birmingham 48009
248-593-1500
seizertcapital.com
Telemus Capital
2 Towne Square, Ste. 800
Southfield 48076
248-827-1800
telemus.com
World Asset Management
411 W. Lafayette Blvd.
Detroit 48226
313-222-1227
worldasset.com
Zhang Financial
101 W. Big Beaver Rd., 14th Floor
Troy 48084
269-325-1826
zhangfinancial.com
Source: DBusiness research
