Grand Ventures, a Grand Rapids, MI-based venture capital firm, closed a $50m second fund to invest in early-stage companies.
Fund II received support from its existing investor base while adding new limited partners, including family offices.
Managed by General Partners Tim Streit, Camila Noordeloos, and Nathan Owen, the fund invests in Seed stage companies within the Fintech, Supply Chain, and DevOps sectors, typically based in tech communities within the US and Canada. The firm leads the first institutional venture rounds for companies and provides the resources to catalyze growth, from strategy and fundraising to culture and talent development.
Fund II has already invested in iink Payments, Payload CMS, and Terminal 49. Grand Ventures’ current portfolio includes 25 companies including Astronomer, Tealbook, and InvestNext.
The close of Fund II brings Grand Ventures’ total funds raised to over $80m.
FinSMEs
12/10/2023