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Grand Angels launches Woodward Angels as Detroit's 1st angel investment group.

Global Banking News-March 12, 2019-Grand Angels launches Woodward Angels as Detroit's 1st angel investment group

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Grand Angels, a Michigan-based angel investor group, in collaboration with a consortium of Detroit investors, has announced the launch of Woodward Angels, Detroit's first Angel Group, the company said.

An affiliate of Grand Angels Holding Company, LLC and the Michigan Capital Network, Woodward Angels will leverage its unique membership and geographical presence to identify and quickly deploy early stage capital to tech and digitally scaling businesses located in Detroit.

Woodward Angels management team, which is supported by the professional back office of Grand Angels, leads investor relations, portfolio reporting, deal sourcing and manages due diligence on all potential startups. Selected startups are presented to members through pitch meetings every two months, the first of which took place on February 20 in downtown Detroit.

Founded in 2004, Grand Angels is a group of accredited investors who are committed to using financial, intellectual and social capital to build a strong entrepreneurial ecosystem that enhances the economic development of Michigan.

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Global Banking News (GBN)
Geographic Code:1U3MI
Date:Mar 12, 2019
Words:188
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