BY Tom Henderson
SPECIAL REPORT: GRAND RAPIDS
The Grand Rapids-based Grand Angels are planning on a grand year for 2021. The most active angel investor group in the state — and, founded in 2005, the oldest — is raising a new limited partner investment fund of $25 million, its biggest ever. It will co-invest in deals with individual angel investors around the state. Previously, the Grand Angels had raised investment funds of $1.5 million, $7.25 million and $11.8 million. According to Angels chairman Carl Erickson, the group is planning to add four more angel groups around the state this year to its affiliated angel network. In 2017, the Grand Angels helped launch the Kazoo Angels of Kalamazoo, and last year it helped launch the Flint Angels and the Detroit-based Woodward Angels.
Read more on Crain’s website.