Grand Ventures
UnclaimedAt a Glance
- Check Size
- $. – $.
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $100M
- Sectors
- Aerospace & Defense, Digital Health, Other +2
- HQ
- Grand Rapids, MI
About Grand Ventures
Grand Ventures is a seed-stage venture capital firm based in Grand Rapids, Michigan. It was founded in 2017 by managing partners James Hill and Tim Streit to back founders in emerging startup ecosystems outside the established coastal capital centers, and its entire team works from Michigan while the firm invests across the United States and Canada. Grand Ventures concentrates on three sectors it treats as its areas of expertise: DevOps, digital health and fintech, and it looks for business-to-business software companies bringing technology to traditional industries. Initial checks run from $250,000 to $2M. The firm frequently provides the first institutional capital a company takes, then stays engaged through the seed-to-Series-A progression with help on customer introductions, sales, hiring, leadership training and company culture. Grand Ventures calls itself an emerging manager while saying it intends to think, operate and support founders the way the largest funds do, and it has roughly $100M under management across its vehicles. Its SEC Form D filings and its own site both give a Grand Rapids business address rather than a coastal headquarters with a Michigan satellite. The firm's stated preference is for scrappy, capital-efficient teams that are fully committed and open to feedback, and it describes its own role as rolling up its sleeves during the earliest and most difficult steps of building a company from the ground up.
Investment Thesis
“Backs early-stage B2B software companies, particularly those serving traditional industries with technology solutions.”
Leadership Team
Tim Streit is general partner and co-founder, and is the one signatory on both fund filings. McKeel Hagerty, chief executive of the collector-car insurer Hagerty, is named with him as an executive officer on the Fund I offering. The Fund II filing adds general partner Nathan Owen and Camila Noordeloos. The current team page lists Streit and Owen as general partners alongside a third, James Hill, plus Kelly Wiarda as head of marketing and investment associates Jacqueline Lensing and Nicholas Cohn, a six-person shop. That is a deliberately small structure for a firm whose thesis is backing software companies disrupting large, traditional markets, and it keeps partner attention concentrated on a limited number of Midwest-anchored positions rather than a broad index of seed bets.
Sector Focus
Investment Stage
Fund History
Grand Ventures Fund I, L.P. was organized in Grand Rapids, Michigan and filed its Form D in February 2017 against a $50 million offering, signed by Tim Streit and McKeel Hagerty. Fund II, L.P. was organized in 2021 and registered in February 2022 with a $100 million offering, twice the size of the first fund, and adds Nathan Owen and Camila Noordeloos as executive officers alongside Streit. The firm also syndicates deal-specific vehicles to its investor base: Grand Ventures - Tealbook SPV, LLC sold $2.53 million to 31 investors in November 2021, administered by Assure Fund Management. That pattern, a small institutional fund plus SPVs drawing on a regional limited-partner network, is characteristic of Midwest managers investing outside the coastal venture centers, and it lets the firm write larger checks into its better companies than fund size alone would allow.
Frequently Asked Questions
What stage does Grand Ventures invest at?
Grand Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Grand Ventures located?
Grand Ventures is headquartered in Grand Rapids, MI. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Grand Ventures focus on?
Grand Ventures focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is Grand Ventures's typical check size?
Grand Ventures's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Grand Ventures have under management?
Grand Ventures manages approximately $100M in assets under management (AUM) across their funds.
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