Michigan Capital Network Ventures

Michigan Capital Network Ventures, located in Grand Rapids, Michigan, is a prominent venture capital firm that actively invests in seed-stage, early-stage, and later-stage companies. The firm focuses on a diverse range of sectors, including business products, business services, information technology, healthcare, life sciences, manufacturing, software as a service (SaaS), artificial intelligence, and machine learning. Michigan Capital Network Ventures aims to foster the growth of strong entrepreneurs and businesses in Michigan and the Midwest by not only providing financial support but also offering mentorship and access to extensive networking opportunities. The firm is dedicated to the success of its portfolio companies, recognizing that their achievements contribute to the broader economic development of the region.

Abid Ali

Principal

7 past transactions

PhotoniCare

Series B in 2024
PhotoniCare, Inc. is a medical device company based in Champaign, Illinois, founded in 2013. The company specializes in developing innovative diagnostic tools for middle ear infections, notably the TOMi Scope. This handheld device employs advanced light-based technology, specifically near-infrared light waves, to create 3D images of the middle ear by seeing through the eardrum. This capability allows physicians to visualize the middle ear directly and safely, enabling them to assess its condition quickly and accurately. By determining the contents of the middle ear, clinicians can make informed decisions regarding the need for antibiotics or surgical interventions. PhotoniCare's technology not only addresses otology but also presents potential for growth in other medical fields.

ATLAS Space Operations

Venture Round in 2024
ATLAS Space Operations, Inc. specializes in revolutionizing satellite communications through its innovative software platform. Founded in 2015 and headquartered in Traverse City, Michigan, the company offers the ATLAS Freedom Software Platform, a cloud-based space management and control system. This platform enables users to gather and process data from space efficiently, featuring capabilities such as flexible scheduling, cloud processing, and integration with AWS services. ATLAS also operates a global network of antennas to provide affordable and scalable ground communication solutions. With a focus on improving the accessibility and affordability of space-based communications, ATLAS aims to transform the industry and enhance how data from satellites is utilized on Earth.

SupportPay

Seed Round in 2023
Ittavi, Inc was the original creator of SupportPay, a payment platform designed to assist single, divorced, separated, and blended families in managing their financial relationships. The platform enabled users to track child support payments and share expenses directly between parents, facilitating the management of financial obligations. Features included expense tracking, receipt storage, and payment processing. However, Ittavi, Inc was liquidated in early 2018 and no longer exists. The assets and operations of SupportPay were subsequently acquired by Smart Family Tech, Inc, which now oversees the platform and its services.

ADHD Online

Series A in 2023
ADHD Online provides a formal evaluation for mental health conditions from its licensed psychologist's nationwide network. ADHD Online also provides treatment including medication management, virtual therapy, and other resources. The company was founded in 2018 and is headquartered in Grand Rapids, Michigan.

ONL Therapeutics

Series C in 2023
ONL Therapeutics is a biopharmaceutical company focused on developing innovative therapeutics to protect and improve vision in patients with retinal diseases and conditions. Founded in 2006 and headquartered in Ann Arbor, Michigan, the company specializes in creating photoreceptor protective agents that target the FAS apoptotic pathway. Its drug programs aim to safeguard photoreceptors, thereby enhancing outcomes for patients undergoing surgeries related to retinal detachment and other serious vision-threatening issues. Through its research and development efforts, ONL Therapeutics seeks to provide effective solutions for preserving sight and improving the quality of life for individuals affected by these conditions.

Wedge

Venture Round in 2022
Wedge is a web-based platform that specializes in one-way recorded video interviews, designed to enhance the recruitment process for companies. By allowing candidates to respond to behavioral-based interview questions through video, Wedge enables hiring teams to streamline their selection process and improve the quality of hires. This innovative approach not only facilitates better connections between candidates and employers but also helps human resource departments save time and reduce hiring costs.

Movellus

Series B in 2022
Movellus, Inc. is a company that specializes in designing and manufacturing mixed-signal semiconductors tailored for the semiconductor market. Founded in 2014 and headquartered in San Jose, California, with additional offices in Silicon Valley, Ann Arbor, and Toronto, Movellus offers a range of products including clock generators, phase-locked loops (PLLs), delay-locked loops (DLLs), programmable oscillators, and low-dropout regulators (LDOs). The company focuses on developing ultra-low power analog intellectual properties that are process portable and optimized for specific designs. Movellus aims to address clock distribution challenges in high-performance and energy-efficient chips, providing solutions that enhance system-on-chip (SoC) performance while minimizing power consumption. Its products cater to semiconductor and systems companies across various sectors, including artificial intelligence, networking, and field-programmable gate arrays (FPGAs).
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