Kyle
Ann Arbor’s Michigan Pre-Seed Capital Fund is on a roll this year as they’ve already invested $2.6 million dollars into Michigan’s growing startup ecosystem. The fund is administered by AnnArborSPARk and according to semichiganstartup.com another six to ten startups may still see investment funds from the group that invests in pre-seed stages of high growth potential startups.
The fund has just announced that they’ve invested $600k in three area startups; FlockTag, Larky’s and FreeStride Therapeutics.
FlockTag is a mobile application in the loyalty and reward space targeting quick-service restaurants and connecting their loyal customers with deals and rewards.
FreeStride Therapeutics is a bio-medical startup working on therapies for bone related conditions.
Larky’s is also in the hot loyalty space. Their app helps consumers manage discounts, rewards and other loyalty perks. It helps increase customer loyalty and drive merchant profit.
So far the Michigan Pre-Seed Fund has invested $16.5 million dollars in 75 area Startups and helped to create 120 jobs in Michigan.
Linkage:
Source: semichiganstartup.com
Nibletz is the voice of Startups “everywhere else”
We are on a sneaker-strapped nationwide startup road trip through September 2013 (that’s next year)
