AltAssets: Grand Ventures out targeting $50m for Midwest-focused fund

Newly-launched Midwest US-focused venture capital firm Grand Ventures is out targeting up to $50m for its debut fund.

The firm is yet to register any capital towards the vehicle according to an SEC filing, but Crain’s Detroit said the firm hoped to hit a first close within the first quarter of the year, citing fund partner Tim Streit.

Streit is a co-founder and managing partner of Huron River Ventures, and was previously a principal at Great Lakes Growth Partners, according to his LinkedIn.


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