BELLE Michigan, LP – Startup Investor Profile

BELLE Michigan, LP is an early stage venture capital fund that invests in women-led start-ups, primarily in Michigan. Their investment thesis focuses on generating returns for their investors while supporting women-owned or managed companies that generate social or environmental impact. They have made previous investments in companies such as Vartega, Sisu Global Health, Work Truck Solutions, and others. BELLE Michigan typically invests between $25K to $250K in tranches tied to achievement of milestones and reserves up to 25% of committed capital for follow-on investments. The fund frequently collaborates with other funds to provide necessary capital to their portfolio companies.

Location: Troy, Michigan, United States

Country: United States of America

Investment Regions:

Investment Stages: pre-seed, seed

Website:

AI Reasoning: Searches showed Belle Michigan (also Belle Michigan Impact Fund) has investments reported in 2018 (e.g., Alchemy/Seeva) and earlier activity; I found a Vartega press release from Sep 15, 2024 but Belle Michigan is not listed as a disclosed investor in that 2024 news. The latest clearly-attributable Belle Michigan investment I can find is from 2018 (investment in Alchemy/Seeva). That is more than 12 months (over 7 years) without a clearly documented new investment tied to BELLE Michigan. Therefore classify as low-active.

Low Activity – Only known angel investments more than 12 months ago.

Active – Known angel investments between the last 12 and 6 months.

Very Active – Known angel investments in the last 6 months.