Augment Ventures

Augment Ventures, founded in 2011 and based in Ann Arbor, Michigan, is a venture capital firm that focuses on investing in early-stage, capital-efficient companies across several sectors, including energy efficiency, sustainability, health tech, supply chain, fintech, and climate tech. The firm aims to back transformational companies that commercialize disruptive technologies, enhancing both quality of life and business efficiency in global markets. Augment Ventures actively collaborates with its portfolio companies to develop new markets, establish strategic alliances, and recruit talent. The firm manages multiple funds, including Augment Ventures Fund I and Fund II, targeting investments in 10 to 12 companies each, with an exit strategy typically planned within four to six years.

David Armstrong

Partner and CFO

Nikhil Bahadur

Principal

Jeff Kontulis

Senior Associate

Jeffrey Lee

Venture Partner

Past deals in Michigan

GeoTix

Series A in 2018
GeoTix Network, Inc. offers software-as-a-service (SaaS) solutions aimed at generating non-advertising revenue streams for media companies by facilitating local event discovery and ticket purchases. The GeoTix platform enables these companies to connect more effectively with their audiences and enhance their community engagement. By removing national ticket sellers from the sales process, GeoTix allows media companies to capitalize on their existing content and build new revenue avenues. The platform provides valuable insights through ticket sales data, enabling users to visualize trends with graphs and statistics, and it helps organize customer information while maintaining brand consistency across online ticket sales pages. Founded in 2015 and based in Traverse City, Michigan, GeoTix Network, Inc. operates as a subsidiary of evvnt Inc.

LLamasoft

Series A in 2012
LLamasoft, Inc. specializes in developing supply chain design and analysis software aimed at enhancing operational efficiency for various industries, including aerospace, automotive, healthcare, and retail. Founded in 1998 and based in Ann Arbor, Michigan, the company offers a range of products such as Supply Chain Guru, a design software that helps businesses visualize and optimize their supply chains, and Transportation Guru, which focuses on transportation routing. Additionally, LLamasoft's platform leverages artificial intelligence and advanced analytics to provide insights for decision-making, enabling clients to address inefficiencies and improve cost, service, and risk management. The company's solutions have reportedly generated over $16 billion in value for its customers. LLamasoft also delivers consulting, training, and technical support services, and collaborates with humanitarian organizations to optimize health supply chains, aiming to positively impact millions of lives. As of late 2020, LLamasoft operates as a subsidiary of Coupa Software Incorporated.
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