About Michigan Capital Network
Michigan Capital Network is a venture capital firm located in Grand Rapids, United States. As of Mar 2026, Michigan Capital Network is an active investor, having invested in 62 companies, with 2 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and High Tech. Most recently it participated in the $***** Series A round of Tacit Therapeutics Overall, Michigan Capital Network portfolio has seen 3 IPOs and 12 acquisitions including key companies like Montrose, HistoSonics and Ambiq. A lot of funds co-invest with Michigan Capital Network, with names like Michigan Rise sharing a substantial percentage of its portfolio. Michigan Capital Network has team of 13 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Seed & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Michigan Capital Network's List of Top Investments
Michigan Capital Network has a portfolio of 62 companies. Their most notable investments are in Akadeum Life Sciences and Movellus.Their portfolio spans across United States and Canada. They have invested in Enterprise Applications, Life Sciences, High Tech and 23 other sectors, across stages such as Series B, Seed and 1 more. Here is the list of top investments by Michigan Capital Network:1. CertifID
Fraud detection solution for businesses. The solution is used by banks to ensure the identity of the user for payment transfers. The company employs Two-factor authentication, knowledge-based authentication, digital verification, and bank account confirmation for each transfer to prevent fraud.
Key facts about CertifID
- Founded Year: 2007
- Location: Grand Rapids (United States)
- Stage: Series C
- Total Funding till date: $81.7M
- Employee Count: 148 as on Jul 31, 2026
- Investors: ID Ventures, Centana Growth Partners and 3 Others
- Latest Funding Round: Series C, Jul 15, 2025, $*****
- Highlight: Editors' Pick
2. Montrose
Key facts about Montrose
- Founded Year: 2012
- Location: North Little Rock (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $23.6M
- Employee Count: 970 as on May 31, 2026
- Investors: Michigan Capital Network and Oaktree Capital Management
- Latest Funding Round: PE, Oct 26, 2018, $*****
- Highlight: Public
3. HistoSonics
HistoSonics is developing Histotripsy technology, licensed from the University of Michigan. It is a non-invasive, image guided therapeutic ultrasound system that excises tissue. Uses pulsed sound waves to induce cavitation that mechanically destroys tissue, tumors and plaque at the cellular level. Application areas include cardiovascular, oncology, neurology and urology.
Key facts about HistoSonics
- Founded Year: 2009
- Location: Ann Arbor (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $566M
- Employee Count: 441 as on Jul 31, 2026
- Investors: Alpha Wave Global, Health Quest Capital and 26 Others
- Latest Funding Round: Series E, Jun 22, 2026, $*****
- Highlight: Acquired
4. Ambiq
Provider of AI-based system-on-chips for IoT applications. It provides MCUs, SoC and RTCs that has applications in gaming, wearables, wearables, smartcards, intelligent remotes, smart home & buildings and industrial IoT applications. The products are built on the patented Subthreshold Power Optimized Technology (SPOT) platform that has the capability to reduce the total system power consumption on the order of nanoamps for all battery-powered endpoint devices.
Key facts about Ambiq
- Founded Year: 2010
- Location: Austin (United States)
- Stage: Public
- Total Funding till date: $385M
- Employee Count: 230 as on Jul 31, 2026
- Investors: Cisco, Taiwania Capital and 18 Others
- Latest Funding Round: Series G, Aug 31, 2023, $*****
- Highlight: Public
5. SupportPay
Ittavi, Inc. provides technology products that manage family living, finances, and communications. The company offers Child Support Manager, an online application for parents to notify, dispute, pay or receive, and track child support expenses and payments; and SupportPay, an automated child support payment platform that allows parents to submit child expenses, store receipts, and make payments. It provides its solution for Mac and Windows OS and mobile applications for iOS and Android smartphones and tablets.
Key facts about SupportPay
- Founded Year: 2011
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 9 as on Jul 31, 2026
- Investors: Fenway Summer Ventures, Moneta Ventures and 20 Others
- Latest Funding Round: Series A, Dec 15, 2023, $*****
- Highlight: Editors' Pick
Michigan Capital Network's Year-on-Year Investment Trends
Michigan Capital Network has invested in 62 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Tacit Therapeutics and most recent follow-on round was in Poppy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 2 | 4 |
2024 | 3 | 0 | 3 |
2023 | 3 | 1 | 4 |
2022 | 3 | 0 | 3 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
Michigan Capital Network's Investments by Stage
Michigan Capital Network has made 6 investments in Series B stage with an average round size of $18.6M, 4 investments in Seed stage with an average round size of $3.12M and 4 investments in Series A stage with an average round size of $7.92M.Stage of entry | No. of Investments |
|---|---|
Series B | 6 |
Seed | 4 |
Series A | 4 |
Note: We have considered here, only first round of investments
Michigan Capital Network's Investments by Sector
Michigan Capital Network has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Aerospace, Maritime and Defense Tech, Consumer and Consumer Goods. Notably, it has invested in 52 Tech companies, 47 Enterprise (B2B) companies, 24 Software companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Life Sciences | 5 |
Aerospace, Maritime and Defense Tech | 1 |
Consumer | 1 |
Consumer Goods | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
Michigan Capital Network's Investments by Geography
Michigan Capital Network has made most investments in United States (14).Michigan Capital Network's recent investments
Michigan Capital Network has made 1 investments in 2026 so far - Tacit Therapeutics.Here are the most recent investments by Michigan Capital Network:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 09, 2026 | United States | Series A | 4748 | [+1] | |
Oct 02, 2025 | United States | Series A | 9006 | [+1] | |
Jul 11, 2025 | United States | Seed | 4897 | ||
May 30, 2025 | United States | Series A | 9997 | [+3] | |
Apr 11, 2025 | United States | Series C | 2383 | [+1] |
IPOs and Publicly Listed companies in Michigan Capital Network's Portfolio
3 of Michigan Capital Network's portfolio companies have become public. Ambiq got listed on the New York Stock Exchange (NYSE), in Jul 2025 at marketcap of $409M and Montrose got listed on the New York Stock Exchange (NYSE) at marketcap of $314M.Here are Michigan Capital Network's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 30, 2025 | - | - | 7689 | |
Jul 24, 2020 | - | - | 9483 | |
Aug 05, 2016 | - | - | 5920 |
Acquired companies in Michigan Capital Network's Portfolio
12 companies from Michigan Capital Network's portfolio have been acquired. The most recent acquisition was MITO Materials in Jun 2026 by First Graphene for $*****.Here are Michigan Capital Network's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 25, 2026 | - | - | 1825 | |
Mar 13, 2026 | - | - | 3113 | |
Aug 07, 2025 | - | - | 7214 | |
Jul 18, 2025 | Sep 10, 2024 | Series B | 5334 | |
Jan 04, 2023 | - | - | 2561 |
Team profile of Michigan Capital Network
Michigan Capital Network has a team of 13 members including 4 Partners and 4 Principals located in United States. Michigan Capital Network's team does not sit on the board of any company as of now.Here is a list of top team members in Michigan Capital Network:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | ||
Partner | Holland | - | - | |
Partner | Grand Rapids | - | ||
Partner | - | - | - | |
Principal | Evanston | - | ||
Principal | Grand Rapids | - | - | |
Principal | - | - | - | |
Principal | - | - | - |
Co-investors of Michigan Capital Network
Over the past 6 years, 127 investors have co-invested in Michigan Capital Network's portfolio companies. This includes funds and angels.
- Invested before Michigan Capital Network: Invest Michigan, University of Michigan-Ann Arbor and 72 others have invested in rounds before Michigan Capital Network. There are 3 companies where Invest Michigan has invested before Michigan Capital Network and 3 companies where University of Michigan-Ann Arbor has invested before Michigan Capital Network.
- Top Co-investors of Michigan Capital Network: 41 investors entered a company along with Michigan Capital Network. These include investors like Michigan Rise (4 companies).
- Invested after Michigan Capital Network: A total of 12 investors have invested in Michigan Capital Network's portfolio after their investments. Top Investors include NYBC Ventures (1 company), VIPC (1 company) and Wakestream Ventures (1 company).
Recent News related to Michigan Capital Network
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Michigan Capital Network Raises $50M VC Fund, Matched by Federal DollarsCrain's Grand Rapids Business•Mar 18, 2026•Michigan Capital Network
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Poppy Flowers secures $2.6M in Series A funding led by Michigan Capital Network for expansion.Crain's Grand Rapids Business•Nov 28, 2025•Poppy, Michigan Capital Network, Wakestream Ventures
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Poppy Flowers closes $2.66M round to bring AI to wedding floralsTech Funding News•Nov 18, 2025•Vipc, Front Porch Venture Partners, Poppy, Michigan Capital Network and 3 others
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BlastPoint Raises $10.6M Growth FundingFinSMEs•Oct 08, 2025•BlastPoint, Curql, Michigan Capital Network, MissionOG
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Michigan Capital Network Secures $25.4M for Defense-Focused Venture FundCrain's Grand Rapids Business•Sep 04, 2025•Fifth Quarter Ventures, Michigan Capital Network
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ATLAS Space Operations raises $15m growth investmentElectronics Weekly•Sep 10, 2024•ATLAS Space, Michigan Capital Network, Wakestream Ventures, Boomerang Catapult and 2 others
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ATLAS Raises $15M To Bolster Ground-Station Software BizPayload•Sep 04, 2024•ATLAS Space, NewSpace Capital, Michigan Capital Network, Beringea and 6 others
