Side Door Ventures Launches Michigan-Focused Fund
New fund to capitalize on Michigan’s industrial heritage and emerging tech ecosystem.
DETROIT, MI — July 21st, 2024 | Side Door Ventures (SDV) is thrilled to announce the launch today of Side Door Ventures Michigan, a new $20M fund focused on pre-seed and seed investments in Michigan. The latest addition to the Side Door Ventures’ family of funds, SDV Michigan, is anchored by up to $9.8 million in SSBCI 2.0 funding from the Michigan Economic Development Corporation (MEDC) and will target investments in early-stage companies building in cutting-edge sectors, including advanced manufacturing, space, next-generation computing, and mobility.
The fund aims to capitalize on Michigan’s unique position as both the birthplace of modern manufacturing and a growing hub for emerging technologies. By tapping into the state’s deep talent pool and established infrastructure, Side Door Ventures Michigan seeks to identify and nurture the state’s next generation of innovative startups.
“We are grateful to the MEDC for its continuing commitment to invest in emerging technologies in Michigan and for joining SDV Michigan as a Limited Partner. Michigan has a rich legacy in manufacturing and automotive that serves as an incredible foundation for future innovation in the State. We’re excited to support founders who are building upon this heritage and pushing the boundaries of what is possible in advanced manufacturing, AI, and beyond.”
— Edward Kim, General Partner at SDV Michigan
Side Door Ventures Michigan joins the firm’s existing funds, including SDV Seed Fund II, a generalist and geography-agnostic early-stage fund, and SDV Digital Asset Fund I, which focuses on emerging real-world use cases for blockchain technologies.
“Michigan has always been at the forefront of American innovation, from the assembly line to the modern EV. Its combination of world-class engineering talent, robust infrastructure, and entrepreneurial spirit gives it the potential to lead on innovation not just in the Midwest but across the country and beyond.”
— Andrew Batey, Founding Partner at Side Door Ventures
For more information about Side Door Ventures Michigan or to submit an investment proposal, please visit www.sdv.vc or contact edward@sdv.vc.
About Side Door Ventures:
Side Door Ventures is a global venture capital firm investing in audacious founders building the future at the fringe. We’re generalist investors and back teams across software, life sciences, space, frontier tech, blockchain, gaming, and financial services that aim to transform industries and improve lives. Across its family of funds, Side Door Ventures has over $100M in assets under management and over 100 portfolio companies.
About Michigan Economic Development Corporation (MEDC):
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and its initiatives, visit www.michiganbusiness.org. Join the conversation on: Facebook, Instagram, LinkedIn, and X (fmr. Twitter).
