Investor Type | Firm |
Type of Fund | VC |
Industries | Software (Web Marketplace Saas..) • PropTech • Businesses Solutions • Hardware (& Manufacturing) • A.I. (& Big Data) • HealthTech (& Fitness) • Insurance (& InsurTech) • Medical Devices (& Hospital Services) • Real Estate (& Construction) • Healthcare (& Wellness) • Woman Focused |
Stages | Pre-Seed, Seed, Early Stage, Series A |
Investing | United States |
Investment Range | $50,000 - $500,000 |
Investment Sweet Spot | $100,000 |
Assets Under Management | $5,000,000 |
Red Cedar Ventures is the venture investing arm of Michigan State University Research Foundation aimed at supporting early-stage entrepreneurs and startups, with a focus on the state of Michigan. The firm operates with an investment thesis concentrated on advancing companies in a variety of industries, including Software, PropTech, Business Solutions, Hardware and Manufacturing, A.I. and Big Data, HealthTech and Fitness, Insurance and InsurTech, Medical Devices and Hospital Services, Real Estate and Construction, and Healthcare and Wellness. Red Cedar Ventures has delineated an investment range with a minimum of 50000 dollars, a maximum of 500000 dollars, and a 'sweet spot' for investments around 100000 dollars, targeting the Pre-Seed, Seed, Early Stage, and Series A rounds. The firm has approximately 5 million dollars under management. Red Cedar Ventures administers four funds, which include the Pre-Seed Fund, Opportunity Fund I, Opportunity Fund II, and Michigan Rise Pre-Seed Fund III, all intended to nurture Michigan-based startups. They leverage significant partnerships and collaborations, such as with Michigan State University Technologies, Spartan Innovations, and the Burgess Institute for Entrepreneurship and Innovation, enhancing the company's investment pipeline. The firm partakes in the Conquer Accelerator program to facilitate startup growth. Additionally, Red Cedar Ventures collaborates with industry and commercial entities to foster innovation and partnerships within Michigan's ecosystem. Their resource provision encompasses funding, mentorship, coaching, board participation, commercial and market assessment, advising, business support services, and consulting on overall strategy and execution. The portfolio companies benefit from office space at the East Lansing Technology Innovation Center or VanCamp, and have access to resources of the MSU Foundation. Red Cedar Ventures is a member of the Michigan Venture Capital Association and works closely with various ecosystem partners to impact the Michigan economy positively.