Michigan Strategic Fund

About

Michigan Strategic Fund focuses on promoting economic development and create jobs.

https://www.michiganbusiness.org/about-medc/michigan-strategic-fund/

Highlights

Details

Operating Status: Active
Investor Type: Government Office

Michigan Strategic Fund meets monthly in Lansing and continues to help fuel new economic activity across Michigan, strengthening their communities and creating good jobs for their residents. It supports business development, community development, talent enhancement, and state marketing activities, including the promotion of tourism, film industry, arts, and cultural affairs.

Investments

Number of Investments

Number of Lead Investments

7

5

Michigan Strategic Fund has made 7 investments. Their most recent investment was on Feb 28, 2023, when Edward Lowe Foundation raised $300K.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Feb 28, 2023 Edward Lowe Foundation	Grant	$300K	Business Development	—
Nov 22, 2021 Crest Marine	Grant	$425K	Manufacturing	Yes
Mar 27, 2018 Nexient	Grant	$1.50M	Big Data	Yes
Feb 25, 2018 Centria Healthcare	Grant	$8M	Health Care	Yes
Jan 25, 2018 Automation Alley	Grant	$500K	Enterprise Software	Yes