Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Belle Michigan backs two Midwestern, female-founded firms

ImpactAlpha, July 9 – Belle Michigan Impact Fund launched in March with a goal of raising $20 million to get more investment capital to Michigan and Midwestern female business owners. The fund has raised $5 million and invested in two companies: Troy, Mich.-based edtech company called Alchemy, which uses games to teach science and math skills, and Seeva Technologies, which makes cleaning fluids to keep snow, ice and mud off of cars and trucks.

  • Rebranding as impact… Belle Michigan is a Grosse Pointe Farms-based investment firm that raised its first fund, the $2.5 million Belle Michigan Fund LP, five years ago. Belle Impact Fund applies the same investment thesis: backing women-owned companies in tech, healthcare, manufacturing, mobility and automotives. Investing in women appears to be the fund’s main impact thesis, rather than the social impact of the companies themselves.
  • Shifting the venture capital bias… Carolyn Cassin, Michigan Women Forward CEO and Belle Impact Fund founder, told Crain’s Detroit that Belle Michigan is trying to tackle the “cultural bias in investing. It is longstanding and rampant.”

You might also like...