Invest Michigan

Invest Michigan is a non-profit organization based in Northville, Michigan, established in 2014 and funded by the Michigan Strategic Fund. It serves as the fund manager for both the Michigan Pre-Seed Fund 2.0 and the University Commercialization Fund, focusing on early-stage high-tech businesses within the state. The Michigan Pre-Seed Fund 2.0 aims to support pre-seed and seed stage technology companies through initial investments ranging from $50,000 to $150,000, with the potential for additional follow-on investment. Meanwhile, the University Commercialization Fund offers up to $100,000 for the commercialization of technologies developed at any of the 15 public universities in Michigan, contingent upon a signed option or license agreement from the respective Technology Transfer Offices. Invest Michigan's mission is to foster innovation and economic growth by nurturing local entrepreneurial talent.

Charlie Moret

President, CEO and Chairman

Jim Tenzillo

Managing Director and Vice President

Past deals in Michigan

Refraction AI

Seed Round in 2021
Refraction AI, Inc., an autonomous delivery robot company, builds and deploys robotic platforms to provide goods delivery in urban areas. It offers The REV-1, a delivery robotic vehicle that picks up goods from restaurants, pharmacies, and grocery stores, and bring them directly to the customers’ house. Refraction AI, Inc. was founded in 2017 and is based in Ann Arbor, Michigan.

Shoulder Innovations

Venture Round in 2020
Shoulder Innovations, Inc. is a medical device company based in Holland, Michigan, established in 2009. It specializes in designing and manufacturing orthopedic solutions specifically for shoulder replacement surgeries. The company's flagship product, the Total Shoulder Replacement System, features an innovative inset glenoid fixation technology, which enhances the stability and reliability of the glenoid implant—a critical factor in shoulder arthroplasty. This system aims to address the major challenge of implant fixation, which can lead to complications and the need for revision surgeries. Additionally, Shoulder Innovations provides the necessary surgical instrumentation that simplifies the implantation process, ultimately reducing operative time and costs. The company markets its products through distribution partners across the United States, focusing on improving patient outcomes and lowering overall healthcare expenses.

Ripple Science

Venture Round in 2020
Ripple Science Corporation develops a web-based software for health sciences that facilitates the recruitment and management of participants in clinical, translational, and social science studies. The company’s software is used for study dashboard, recruitment campaign management, potential participant tracking, enrolled participant tracking, and task management. It offers solutions for academic investigators, clinical trial sites, and CROs. Ripple Science Corporation was founded in 2016 and is based in is based in Ann Arbor, Michigan.

Orbion Space Technology

Series A in 2019
Orbion Space Technology, Inc. develops and manufactures plasma propulsion systems for small satellites. It offers electric propulsion technology and space systems. Orbion Space Technology, Inc. was founded in 2016 and is based in Houghton, Michigan.

ONL Therapeutics

Convertible Note in 2019
ONL Therapeutics is a biopharmaceutical company dedicated to protecting vision through the protection of photoreceptors. The current market for retinal drugs is greater than $7 billion and rapidly growing. Existing therapies have significant limitations and none address the initial neural component of vision loss - the death of the photoreceptor cell.

GreenMark Biomedical

Seed Round in 2019
GreenMark Biomedical Inc., established in March 2016 and headquartered in East Lansing, Michigan, focuses on developing minimally invasive healthcare technologies. The company specializes in biopolymer nanoparticles made from natural starch, which serves as an effective carrier for various applications due to its degradability by natural enzymes in the body. GreenMark's dental technologies aim to enhance the diagnosis and treatment of tooth decay, offering innovative tests and a mouth rinse product that helps detect cavities and early-stage lesions. Additionally, the company is exploring medical applications for these nanoparticles, particularly in the targeted delivery of anti-cancer drugs. With a laboratory located in Ann Arbor, Michigan, GreenMark Biomedical is committed to advancing healthcare solutions through its unique biopolymer technology.

Fusion Coolant

Series C in 2018
Fusion Coolant Systems provides an advanced coolant and lubrication system for use in manufacturing which increases production rates and tool life. Today’s metalworking fluids are a toxic mix of oil, water and various chemical additives which provide poor performance at significant costs to worker health, safety and the environment. Fusion Coolant’s patented CHiP Lube system is the most significant advance in metalworking fluids in many decades. The system outperforms existing metalworking fluid systems and is proven to reduce costs while simultaneously improving worker health and eliminating a toxic waste stream.

Bloomscape

Seed Round in 2018
Bloomscape, Inc. is an online retailer based in Detroit, Michigan, specializing in houseplants and plant care tools. Founded in 2017, the company offers a variety of potted plants, including species such as tradescantia zebriana, pinstripe, hedgehog aloe, and philodendron heartleaf, among others. Bloomscape simplifies the plant purchasing process by delivering ready-to-go plants directly to customers' doors. Additionally, the company provides a Plant Mom service, which allows customers to seek expert advice on plant care. By focusing on enhancing the overall experience of buying and caring for plants, Bloomscape aims to make home gardening accessible and enjoyable for its customers.

Fifth Eye

Seed Round in 2018
Fifth Eye Inc., a medical software company, develops a real time analytics system designed to analyze hemodynamic instability in patients. It offers early warning system that continuously forecasts patient trajectory, giving doctors and nurses a heads up about impending trouble hours in advance of other methods. The company's tool provides first score in five minutes with no baseline needed, minute-to-minute continuous patient assessment, advance warning and real-time treatment feedback, and historical trends without the need for electronic health record inputs. The company was formerly known as Trove Analytics, Inc. and changed its name to Fifth Eye Inc. in June 2018. Fifth Eye Inc. was incorporated in 2017 and is based in Ann Arbor, Michigan.

Mi Padrino

Seed Round in 2018
Mi Padrino is an online event planning service designed to assist families in organizing and funding celebrations rooted in Hispanic traditions, such as Quinceañeras, weddings, and baptisms. Founded by Kim Gamez, who has firsthand experience as a mother of five, the platform addresses the complexities involved in coordinating such significant events, enabling users to share event details with friends and family globally. Mi Padrino streamlines the planning process, making it easier for users to manage all aspects of their celebrations, regardless of the location of their loved ones. The service aims to simplify the organization of cherished cultural traditions, providing a unique solution tailored to the needs of the Hispanic community.

Ripple Science

Seed Round in 2018
Ripple Science Corporation develops a web-based software for health sciences that facilitates the recruitment and management of participants in clinical, translational, and social science studies. The company’s software is used for study dashboard, recruitment campaign management, potential participant tracking, enrolled participant tracking, and task management. It offers solutions for academic investigators, clinical trial sites, and CROs. Ripple Science Corporation was founded in 2016 and is based in is based in Ann Arbor, Michigan.

Ripple Science

Pre Seed Round in 2017
Ripple Science Corporation develops a web-based software for health sciences that facilitates the recruitment and management of participants in clinical, translational, and social science studies. The company’s software is used for study dashboard, recruitment campaign management, potential participant tracking, enrolled participant tracking, and task management. It offers solutions for academic investigators, clinical trial sites, and CROs. Ripple Science Corporation was founded in 2016 and is based in is based in Ann Arbor, Michigan.