Wakestream Ventures

Wakestream Ventures is a venture capital firm based in Grand Rapids, Michigan, specializing in seed and early-stage investments in technology companies. Established in 2012, the firm focuses on businesses at the intersection of hardware and software, as well as e-commerce, primarily within the United States but with a special emphasis on Michigan. Wakestream Ventures typically invests between $100,000 and $300,000 in initial funding, with the potential for follow-on investments totaling up to $1.5 million across subsequent rounds. To qualify for investment, companies must be registered as Michigan LLCs and provide progress updates within 60 to 90 days. The firm does not invest in non-profit organizations and requires investee companies to engage with its team in Grand Rapids, utilizing the region's resources for growth. Additionally, Wakestream Ventures retains the right of first refusal for future outside investments, converting this right into equity under certain conditions.