WJR Business Beat with Jeff Sloan: Angel Funding Booming in Michigan Despite Pandemic (Episode 117)

Despite the chaos of the pandemic, deal flow has remained fairly steady for existing angel groups in the area, with several new funds emerging, too. Angel funding is funding provided by wealthy individuals into a company directly, as opposed to funding coming from institutional investors.

In 2019, there were 1,322 individuals who invested a combined $73.6 million in 106 early stage tech startups here in the region, as Crain’s Detroit Business reported in May. Combined the funds are roughly on pace to do the same level of deals and investment in 2020 as they did last year.

Tune in to this morning’s WJR Business Beat to hear more on the state of angel funding in Michigan.

For more on the funds Jeff mentioned in this segment, please visit: