About
Michigan Angel Fund (MAF) is a for-profit pooled professionally managed angel fund established by Ann Arbor SPARK with administrative support from the Michigan Economic Development Corporation. Founded in 2007, MAF was created to finance early-stage companies across Michigan and attract additional angel investors to the state's entrepreneurial ecosystem. The fund targets capital-efficient startups at or near revenue stage, with a particular focus on information technology, clean technology, advanced manufacturing, and life sciences sectors. MAF typically invests between $200,000 and $2 million per company, with deal sizes generally ranging from $1 million to $5 million. The fund explicitly avoids gaming and real estate-related ventures. MAF works closely with other stakeholders in Michigan's entrepreneurial ecosystem to identify promising investment opportunities and support portfolio company success. As of recent reporting, the fund has completed 33 investments across its multiple fund vehicles and has raised upward of $10 million across five funds. Notable portfolio companies include SkySpecs and Varsity News Network. The fund benefits from strong connections to University of Michigan innovation and is particularly active in supporting early-stage technology and life sciences startups. Investors in MAF gain exposure to Michigan's emerging venture ecosystem with professional fund management and deal flow sourced through Ann Arbor SPARK's established network. Entrepreneurs receiving MAF capital gain not only growth funding but access to the broader Michigan angel investor community and ecosystem support resources facilitated by the fund's stakeholder partnerships.