Grand Angels and affiliates reorganize to accommodate growth, promote diversity

This is an article about portfolio company, Michigan Capital Network.

A restructuring for Grand Angels in 2021 aims to create understanding about angel investing and greater diversity among investors and their deals.

The Grand Rapids-based angel investing network umbrella organization Michigan Capital Network has transitioned into a nonprofit trade association. Under Michigan Capital Network, led by Interim Executive Director Janet Wylie, Grand Angels and its affiliates in Kalamazoo, Detroit and Flint now work to “educate, grow, and diversify early-stage investors in communities across Michigan.”

A new subsidiary, MCN Ventures, manages Grand Angels’ three venture capital funds and plans to launch a fourth later this year. The venture capital funds maintain a focus on investing primarily in the Great Lakes region. 

View source version on mibiz.com: https://mibiz.com/sections/finance/grand-angels-and-affiliates-reorganize-to-accommodate-growth-promote-diversity