Investor Type | Firm |
Type of Fund | Angel network |
Industries | Software (Web Marketplace Saas..) • IT (& TMT) • BioTech • Hardware (& Manufacturing) • Energy • CleanTech • HealthTech (& Fitness) • Material Science |
Stages | Expansion, MBO/LBO, Acquisition |
Investing | United States • China • Brazil |
Assets Under Management | $4,500,000,000 |
Northern Michigan Angels (NMA) is an angel investor network focused on providing capital solutions to emerging companies. They are well-established as an organization dedicated to fostering growth within the Northern Michigan economy. By offering opportunities for significant financial returns, they also prioritize the potential for positive impacts on the local economy and quality of life. NMA members are composed of accredited investors, each contributing an annual fee to access information on startup ventures. Their investment approach allows individual members to make independent investment decisions while providing the chance for direct engagement and advisory roles with companies they choose to fund. NMA emphasizes the importance of collaborative investment analysis among its members, although it does not offer investment advice as an organization. Founded in January 2012 and structured as a 501 (c) 6 non-profit, NMA places their expertise in various financing practices such as debt, equity, and mezzanine investments. The fund specializes in diverse areas including Expansion, MBO/LBO, and Acquisition, revealing a versatile portfolio across sectors like software, IT, biotech, hardware manufacturing, energy, clean technology, and health tech. With $4.5 billion in assets under management, Northern Michigan Angels demonstrates a commitment to scaling entrepreneurial companies with the potential for substantial regional impact, especially within the northwestern Lower Michigan area. As active participants in their community, they have sponsored events like the TCNewTech Reverse Pitch, aimed at educating local startups about investment opportunities. Despite their regional focus, their portfolio includes successful funding rounds for companies like Atlas Space Operations. Their membership with the Angel Capital Association underlines their commitment to best practices in angel investing. NMA's website provides resources including news updates on portfolio companies and information about their team and investment process.