Service Provider Capital

Service Provider Capital is a venture capital firm founded in 2014 and based in Golden, Colorado. The firm focuses on co-investing in series A deals led by institutional venture funds, primarily targeting seed-stage companies across various sectors, including artificial intelligence, machine learning, blockchain, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, and healthcare. In addition to its general investment strategy, Service Provider Capital manages the Midwest Fund I and Fund II, which concentrate on software and healthcare technology systems in the Midwest region of the United States. The firm typically prefers to take minority stakes in its investments and engages in syndication to diversify its portfolio.

Patrick Cerone

Managing Director

Edward B. Hill

Managing Director

Ned Hill

Managing Director

Lori Pickle

Managing Director

Jody Shepherd

Co-Founder and Managing Director

Past deals in Michigan

Groundspeed

Series A in 2017
Groundspeed Analytics, Inc. is a company that specializes in insurance data automation and analytics software tailored for commercial insurance brokers and carriers. Founded in 2015 and based in Ann Arbor, Michigan, Groundspeed offers a platform that utilizes machine learning and artificial intelligence to streamline the processing of various insurance documents, including loss runs and policy submissions. This technology enables users to automatically request, receive, and analyze crucial claim data without manual data entry. Brokers can access vital metrics related to their clients and policies, while carriers benefit from automated analysis of competitive claim data, helping them identify trends in premium sufficiency and loss development. Groundspeed's solutions ultimately aim to enhance financial performance and improve the understanding of risk placement in the insurance industry.

Cribspot

Seed Round in 2016
Cribspot, Inc. operates an online platform that facilitates the leasing and rental of student apartments and houses primarily in Ann Arbor, Columbus, and East Lansing. Founded in 2013 and headquartered in Ann Arbor, Michigan, the platform enables college students to efficiently search for off-campus housing through features like virtual tours and detailed floor plans. In addition to connecting students with rental options, Cribspot provides property management services, including marketing, tenant screening, maintenance, and accounting for property owners. The company also offers a mobile application compatible with iOS and Android devices, enhancing accessibility for users.

Nutshell

Series A in 2015
Nutshell, Inc. is a company that specializes in developing a customer relationship management (CRM) platform aimed primarily at small businesses. Founded in 2009 and based in Ann Arbor, Michigan, Nutshell's application features integration with Google apps, mobile media logging, and robust reporting capabilities. The platform offers tools for sales automation, email marketing, performance tracking, and pipeline management, designed to help businesses enhance their sales processes and improve customer experiences. With native applications for both iPhone and Android, Nutshell combines functionality with an elegant design to support businesses in managing their customer relationships effectively.
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