Michigan Strategic Fund
About
Michigan Strategic Fund focuses on promoting economic development and create jobs.
Highlights
Details
- Operating Status
- Active
- Investor Type
- Government Office
Michigan Strategic Fund meets monthly in Lansing and continues to help fuel new economic activity across Michigan, strengthening their communities and creating good jobs for their residents. It supports business development, community development, talent enhancement, and state marketing activities, including the promotion of tourism, film industry, arts, and cultural affairs.
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Feb 28, 2023
Edward Lowe Foundation
|
Grant | $300K | Business Development | — |
|
Nov 22, 2021
Crest Marine
|
Grant | $425K | Manufacturing | Yes |
|
Mar 27, 2018
Nexient
|
Grant | $1.50M | Big Data | Yes |
|
Feb 25, 2018
Centria Healthcare
|
Grant | $8M | Health Care | Yes |
|
Jan 25, 2018
Automation Alley
|
Grant | $500K | Enterprise Software | Yes |
Exits
Michigan Strategic Fund has had 3 exits. Michigan Strategic Fund most notable exits include Nexient , Duo Security
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| May 18, 2021 | Nexient | M&A | Big Data | Detail |
| Aug 2, 2018 | Duo Security | M&A | Cloud Security | Detail |
| Nov 15, 2013 | Barracuda Networks | M&A | Cloud Data Services | Detail |
