Michigan Angel Fund

The fund describes its structure as a professionally managed pooled angel fund, but does not publicly name individual investment team members or principals on its website. The management team oversees deal sourcing, due diligence, and portfolio support in coordination with Michigan's broader entrepreneurial stakeholders.

MAF sources deals by working closely with Ann Arbor SPARK, the Michigan Economic Development Corporation, and other participants in the state's entrepreneurial ecosystem. This networked approach — leveraging public-private partnerships — gives the fund visibility into early-stage companies across Michigan.

MAF is neither. It operates as a for-profit pooled angel fund — a structure that aggregates capital from multiple individual angel investors into one professionally managed vehicle. This model differs from both single-family offices and independent venture firms, as it was established with direct support from state economic-development entities.

Yes. The fund explicitly focuses on providing funding to capital-efficient early-stage companies located in Michigan. Its mandate and origination strategy are tied to the state's entrepreneurial ecosystem, making it a geographically concentrated investor.

Ann Arbor SPARK, a public-private regional economic development organization, established the Michigan Angel Fund with support from the Michigan Economic Development Corporation. The two entities are foundational stakeholders and sponsors, anchoring MAF's public-private hybrid structure without themselves acting as limited partners in a conventional fund sense.