In Michigan Venture Capital has been on a slow and steady rise. Now, experienced investor Tim Streit of Huron River Ventures along with McKeel Hagerty an entrepreneur and investor, launched the newest VC firm Grand Ventures.
Previously Streit co-founded Huron River Ventures, which raised $16 million and invested in leading technology companies including Ambiq Micro and FarmLogs. Its portfolio has raised more than $200 million in follow-on funding from some of the nation’s top venture capital funds. McKeel started his company Hagerty Insurance with just 30 employees and now has more than 840 employees worldwide measuring a growth resulting in total insured value coverage in excess of $36 billion. Together the two co-founders of Grand Ventures aim to provide capital and strategic support to entrepreneurs starting high impact technology companies in industries with a strong presence in the Midwest.
We got to chat with them both to learn more on their goals and vision for Grand Ventures.
What inspires you about investing in Michigan companies?
“Michigan is home to a great combination of major companies, talented entrepreneurs, and a strong economy. If you look at the traction in the last five years from my prior fund HRV as well as other great startups and venture funds across the state, we have proven that Michigan has all of the right ingredients for a thriving venture community. Investing in my home state and seeing the impact these companies have on their communities is additionally rewarding,” said Streit.
To read more and see the interview please visit Michiprenuer