Angel Investors in Michigan Have Increased Nearly 60% in Five Years, New Investment Guide Reports

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Ann Arbor-based Michigan Venture Capital Association has released its 2016 Michigan Entrepreneurial and Investment Landscape Guide, which shows the nine angel groups comprised of 294 investors is an increase of 59 percent from 2011. A 10th angel group is forming, as well.

In turn, the new guide, which contains 142 profiles of angel organizations, venture firms, entrepreneurial support organizations, and service providers that are active in Michigan, can be used as a tool by both in-state and out-of-state investors.

“Whether it’s a high-tech company looking for investment, an out-of-state investor visiting Michigan and wondering who to meet with while they are in town, or a (Michigan Venture Capital Association) member looking for resources for a startup company, these interactive tools will simplify the search and ensure everyone in the country has access to our abundant and varied network of Michigan entrepreneurial resources,” says Maureen Miller Brosnan, executive director of the association.

The guide works in tandem with the interactive, searchable Michigan Entrepreneurial and Investment Landscape Map, which allows users to sort resources by geographic location, industry sector, and organization type.

Both tools are newly updated for 2016 and available on the association’s website. The Landscape Guide is also available in printed form and can be found at all of the association’s events.

According to the Michigan Venture Capital Association, the number of venture capital firms headquartered in Michigan, their total capital under management, and number of venture capital investments made in Michigan companies has doubled and in some cases tripled in the last five years.

For more information, visit michiganvca.org.

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