An influential group of Grand Rapids venture capitalists recently shifted its focus, positioning itself to aid more than just startup companies. The change promises to inject much needed financial life into existing businesses poised for innovation.
According to excerpts from the story:
Five years after launching, Grand Angels has broadened its approach to the market. Rather than focus on startup companies moving toward a product or service launch, the Holland-based angel-investing group now also is looking at doing deals with mature businesses growing into new frontiers.
Grand Angels, for instance, now will examine investments in well-established companies that want to expand their geographic market or penetrate a new product or service category. Grand Angels President Jody Vanderwel calls the change a natural evolution for the investment group that meets a market demand in West Michigan.
Read the complete story here.
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