Invest Michigan is a Michigan nonprofit corporation funded by the Michigan Strategic Fund that serves as fund manager for the Michigan Pre-Seed Fund 2.0. It invests in early-stage, high-tech businesses located in Michigan across advanced manufacturing, life sciences, and information technology.
Their most common stage is seed (41% of deals). Average disclosed round size is $9.5M (across 17 rounds with reported amounts).
Portfolio
13
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
MP
Michael Psarouthakis
Executive Director of Impact Investments
CM
Charles Moret
Chairman, President and CEO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
17 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| RRefraction AI | Seed | $4.2M | Mar 2021 |
 Refraction | Seed | $4.2M | Jan 2021 |
| RRefraction AI | Seed | $4.2M | Jan 2021 |
| OOrbion | Series B | $20M | Jan 2021 |
 Shoulder Innovations | Series D | $42M | Nov 2020 |
 Ripple Science | Seed | $2.5M | Jan 2020 |
 ONL Therapeutics | Unknown | $3M | Aug 2019 |
 Orbion Space Technology | Series A | $9.2M | Aug 2019 |
| OOrbion | Seed | $1.4M | Jan 2019 |
| FFifth Eye | Series A | $11.5M | Jan 2019 |
 Coolant | Series C | $8M | Oct 2018 |
| TTetra Therapeutics | Unknown | $35M | Jan 2018 |
| FFifth Eye | Seed | $2.4M | Jan 2018 |
 Autobooks | Series A | $5.5M | Jan 2017 |
| TTetra Therapeutics | Series A | $7.2M | Jan 2016 |
 Akadeum Life Sciences | Seed | $1M | Jan 2015 |
 Alchemie | Unknown | $770K | — |
Top Co-Investors
Alumni Ventures4 shared
Trucks Venture Capital3 shared
Pillar VC3 shared
Material Impact3 shared
Red Cedar Ventures2 shared
Invest Detroit2 shared
Service Provider Capital2 shared
Mercury Fund1 shared
M251 shared
Dundee Venture Capital1 shared
SpringTime Ventures1 shared
Rise of the Rest Seed Fund1 shared
Johnson & Johnson Innovation1 shared
Lemniscap1 shared
Banco Sabadell1 shared
Bluestem Capital Company1 shared
Lightstone Ventures1 shared
Gilde Healthcare1 shared
Global Brain Corporation1 shared
Beringea1 shared
Last updated: 7 October 2026