# Michigan Capital Network: portfolio, investments and team > Michigan Capital Network is a vc firm based in United States. 6 investments on record, latest Jun 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/bluewater-angels-2 (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Michigan Capital Network Filed with the SEC to raise a fund in Jul 2026, closing $65M. Last cheque observed Jun 2025. Quiet New fund $65M, Jul 2026 VC firm Seed Series A Series B Small And Medium Businesses Enterprise Business-to-business Cheques on record **0%** of best year **0** **cheques in 12 months**, 6 on record Since the last cheque **512** days **00** hrs **00** min **00** sec Median round **$20M** Rounds led **1 of 6** Mostly in **United States, 100%** Pitch Michigan Capital Network ## Michigan Capital Network highlights - 01 6 rounds on record - 02 Mostly Series A and Debt: 50% of its rounds - 03 Led 1 rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** Small And Medium Businesses Enterprise Business-to-business - **Based in:** Grand Rapids, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **6 appearances** - **2025** 1 round - **Jun** **[Akadeum Life Sciences](https://millionrounds.com/company/akadeum-life-sciences)** Growth · US · Firms' own news pages **$20M** *Led* - **2015** 2 rounds - **Nov** **[RetroSense Therapeutics](https://millionrounds.com/company/retrosense-therapeutics)** Series B · US **$6.0M** With 3 others - **Jan** **[RetroSense Therapeutics](https://millionrounds.com/company/retrosense-therapeutics)** Series A · US **$6.0M** With 4 others - **2013** 2 rounds - **Jul** **[GreenLancer](https://millionrounds.com/company/greenlancer)** Series A · US · pehub.com **$500K** With 3 others - **Jan** **[Advanced Battery Concepts](https://millionrounds.com/company/advanced-battery-concepts)** Debt · US · sec.gov **$1.2M** With 3 others - **2011** 1 round - **Jul** **[AzulStar](https://millionrounds.com/company/azulstar)** Venture · US · sec.gov **$3.2M** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **5 named** DG **Dale Grogan** Managing Partner of the General Partner i Filing they signed JV **Jody Vanderwel** Executive Officer, Director, Promoter i Filing they signed JV **Jody Venderwel** Managing Partner of the General Partner i Filing they signed MM **Meagan Malm** Managing Partner of the General Partner i Filing they signed PD **Paul D'Amato** Managing Director of the General Partner i Filing they signed We also hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. New fund on file **$65M** raised in Jul 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$20M** the round, not its cheque Led 1 of 6 rounds **17%** - **Sole investor:** Never alone - **Last cheque:** Jun 2025 Rounds by stage said on their site - Series A said *2* - Debt *1* - Growth said *1* - Series B said *1* - Venture *1* - Seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Northern Michigan Angels](https://millionrounds.com/fund/northern-michigan-angels) 2 **Pitching Michigan Capital Network?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Michigan Capital Network. A count of rooms they were both in, not a relationship either has claimed. [**Northern Michigan Angels** Angel network **2** rounds together](https://millionrounds.com/fund/northern-michigan-angels) ## Quick answers about Michigan Capital Network ### What does Michigan Capital Network invest in? Michigan Capital Network invests most often at Series A and Debt (50% of the rounds on record), in sectors such as Small And Medium Businesses, Enterprise and Business-to-business. ### How active is Michigan Capital Network? 6 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Jun 2025. ### What has Michigan Capital Network invested in recently? Its most recent investments on record: Akadeum Life Sciences (Growth, Jun 2025). ### How big are Michigan Capital Network's cheques? The median round it joins is $20M. ### Does Michigan Capital Network lead rounds? Yes: it led 1 of its 6 investments on record (17%). ### Where does Michigan Capital Network invest? Most of the companies it backs are in the United States (100%). ### Is Michigan Capital Network investing now? No investments in the last 12 months; the latest was in Jun 2025. ### Who does Michigan Capital Network invest alongside? Most often Northern Michigan Angels (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=bluewater-angels-2) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=bluewater-angels-2)