Here is an update from our community partner 20 Fathoms…
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Learn More at 20Fathoms.org |
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Month: July 2021
[Traverse City, MI – June 30, 2021] Northern Michigan Angels reached another milestone – over $6.6 Million invested in more than 30 entrepreneurial early-stage companies over the last decade.
In the first half of 2021 NMA members invested $538,500 in five early stage Michigan companies – three are current portfolio companies – Atlas Space and Promethient, both located in Traverse City, and Esperovax. Investments were also made in two new companies – PassiveBolt and Claira. .
NMA is actively planning for future growth – new members, new sponsors and the use of technology for members to learn about prospective investment opportunities. To support these efforts NMA launched a totally new website at NorthernMichiganAngels.com. Anyone interested in becoming a member, a sponsor or making a pitch about their early stage company can use the website capability to indicate their interest.
For most of 2020 and the first half of 2021 pitches by business founders continued regularly and successfully using technology – mostly Zoom. With a computer and access to the internet members and presenters can participate no matter where they may be located at the time of a scheduled pitch presentation. In June pitch presenters and members participated in-person and virtually. Current plans are to realize the benefits and continue this approach for the foreseeable future.
Current NMA membership stands at 44 members. To support the geographically expansive membership efforts, a new ad was created by Idea-Stream which appeared in the July 2021 issue of Traverse City Business News (TCBN). Both are Traverse City businesses and are among our seven valued sponsors displayed prominently in the ad.
About Northern Michigan Angels (www.NorthernMichiganAngels.com)
Northern Michigan Angels (NMA) was founded January 2012 and is a 501 (c) 6 non-profit. Members invest in scalable entrepreneurial companies whose potential success will have an economic and quality of life impact in Michigan, especially in northwestern Lower Michigan. Each member makes their own investment decision. NMA is not a fund and does not provide investment advice. NMA is a member of the Angel Capital Association (ACA).
TCnewTech was back in person on Tuesday, July 6th, at City Opera House in downtown Traverse City. Five startups pitched to win the $500 prize provided by Pitch Prize Sponsor and NMA Sponsor DGN Advisory. Each company had five minutes to present their emerging business to a hybrid, in-person and online audience of investors, city and government stakeholders, local tech professionals, media, and fellow entrepreneurs.
Theresa Smith of Ola Filter Corporation sought seed funding for an easy-to-use, ultra-affordable water filter that removes bacterial contamination from drinking water. Ola Filter Corporation is a women-founded, triple bottom line social business focused on people, the planet, and sustainability. They have team members in Ann Arbor, MI, Bend, Or, & San Marcos, Guatemala.
Philip A. Hallstedt of Northport, Michigan presented Getcharged.com. The Get Charged Company provides customers with access to the latest cleantech products. Their goal is to create a more sustainable future that is less dependent on fossil fuel. They are seeking seed funding to further their mission.
Steven Lenon of Vert9 Company which has a mission to make drone capabilities accessible and financially possible for everyone by making drones modular and modifiable for the everyday consumer. Additionally, they are building a network of drones for industrial use. This Midland, Michigan based company sought their first round of investment.
Joe Gleason of genusConnect, a content delivery and engagement platform for the health care market, showed the audience their technology in real-time during the event. The genusConnect platform is designed to connect care partners, families, and community resources to improve health outcomes.
