Grand Ventures, a Grand Rapids, Michigan-based venture capital firm focused on providing emerging companies with early-stage capital and strategic support, closed its flagship Fund I, LP, at $28m.
The firm, which has already invested in six companies from the fund, is targeting the most promising seed and early-stage Enterprise SaaS companies across the Midwest and throughout other emerging geographies.
Led by Tim Streit, co-founder and managing partner, and McKeel Hagerty, co-founder and managing partner, Grand Ventures expects to invest in a total of 15-20 companies over the life of the fund. While ultimately focused on the Midwest markets, the firm’s Advisor network identifies and evaluates opportunities across the country, with the fund already featuring investments on both coasts.
The firm executes on its “Capital Plus” approach through its Advisor network of more than 50 executives from a global and diverse range of industries. Grand
Ventures expects to announce additional investments before the end of the year.