BY Mark Sanchez, Grand Rapids
Michigan Capital Network plans to form a fourth venture capital fund.
The Grand Rapids-based Michigan Capital Network notified federal securities regulators in a recent filing of plans to
raise $25 million from investors. Michigan Capital Network’s Venture Fund IV L.P. requires a minimum investment of
$250,000, according to the July filing with the U.S. Securities and Exchange Commission.
“A fourth venture fund is great to see and surely indicates growth in our organization,” said Michigan Capital Network
CEO and Managing Director Paul D’Amato.
Jody Vanderwel and Dale Grogan will serve as managing partners for the latest venture capital fund. They also run
two prior venture capital funds for the organization. Vanderwel was the original president of Grand Angels that
formed in 2004 and is now part of Michigan Capital Network. Grogan joined the organization in November 2020 from
Charter Capital Partners, where he ran the Michigan Accelerator Fund I, a venture capital fund.
Read the full article on MiBiz’s website.