Crain’s: Grand Ventures I is Michigan’s newest VC fund

A filing scheduled for Monday with the U.S. Securities and Exchange Commission will announce the formation of the state’s newest venture capital fund, Grand Rapids-based Grand Ventures I LP, which is raising a maximum of $50 million to invest in very early-stage companies in Michigan and the Midwest.

 

Fund partner Tim Streit hopes to have a first close on the fund in the first quarter this year.

 

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