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Michigan Accelerator Fund I

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 8
Average round size
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The average size of a deal this fund participated in
$16M
Portfolio companies 5
Rounds per year 0.73
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.38
Exits 1
Key employees 2
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Biotechnology
  • Health Care
  • Farming
  • Agriculture
  • Medical Device
Summary

In 2010 was created Michigan Accelerator Fund I, which is appeared as VC. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the Grand Rapids.

The real fund results show that this VC is 18 percentage points more often commits exit comparing to other companies. The top activity for fund was in 2014. The fund is constantly included in less than 2 investment rounds annually. The common things for fund are deals in the range of 10 - 50 millions dollars.

Besides them, we counted 2 critical employees of this fund in our database.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Biotechnology, Pet. Among the most popular portfolio startups of the fund, we may highlight Vestaron Corporation, Ablative Solutions, nanoRETE. The fund has no exact preference in some founders of portfolio startups. Besides, a startup needs to be aged 6-10 years to get the investment from the fund.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Michigan Accelerator Fund I, startups are often financed by Pangaea Ventures, Open Prairie, Cultivian Sandbox Ventures. The meaningful sponsors for the fund in investment in the same round are Pangaea Ventures, Open Prairie, Cultivian Sandbox Ventures. In the next rounds fund is usually obtained by Pangaea Ventures, Open Prairie, Cultivian Sandbox Ventures.

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Related Funds

Funds investing in previous rounds
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Typical Co-investors
Michigan Accelerator Fund I is more likely to invest in rounds together with the following funds:
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Funds from United States
Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Swift Biosciences

Biotechnology
Health Care
Health Diagnostics
$3M15 Apr 2016 Ann Arbor, Michigan, United States

Biotechnology
Life Science
Nanotechnology
$50K23 May 2015 Lansing, Michigan, United States

Vestaron

Agriculture
Biotechnology
Farming
$4M28 Oct 2014 Durham, North Carolina, United States

Vestaron

Agriculture
Biotechnology
Farming
$10M21 Aug 2014 Durham, North Carolina, United States

Ablative Solutions

Biotechnology
Health Care
Medical Device
$14M04 Feb 2014 San Jose, California, United States

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Total investments 8
Average round size 16M
Rounds per year 0.73
Peak activity year 2014
Lead investments 2
Follow on index 0.38
Exits 1
Group Appearance index 0.75

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Swift Biosciences

Biotechnology
Health Care
Health Diagnostics
$3M15 Apr 2016 Ann Arbor, Michigan, United States

Biotechnology
Life Science
Nanotechnology
$50K23 May 2015 Lansing, Michigan, United States

Vestaron

Agriculture
Biotechnology
Farming
$4M28 Oct 2014 Durham, North Carolina, United States

Vestaron

Agriculture
Biotechnology
Farming
$10M21 Aug 2014 Durham, North Carolina, United States

Ablative Solutions

Biotechnology
Health Care
Medical Device
$14M04 Feb 2014 San Jose, California, United States
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