Early-stage tech entrepreneurs in Michigan now have a new source of investment capital to chase.
Grand Rapids, MI-based Grand Ventures, established earlier this month by McKeel Hagerty of Hagerty Insurance and Huron River Ventures’ Tim Streit, will provide support to high-growth tech startups focused on agriculture, manufacturing, transportation, and other industries with strong Midwest presence, Streit says.
Streit’s work at Huron River Ventures inspired him to create a new venture fund.
“We started Huron River Ventures with a hypothesis that there was an emerging startup scene in Michigan,” he explains. “Companies like Duo Security and FarmLogs have proven to the market that this is a thriving venture community. We want to repeat what’s working, and it’s the right time.”
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