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Incubator/Accelerator
desaiaccelerator.umich.edu

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Investments

19

About Desai Family Accelerator

The Desai Accelerator is a collaborative effort at the University of Michigan between the Zell Lurie Institute of Entrepreneurial Studies at the Ross School of Business and the Center for Entrepreneurship at the College of Engineering. The Desai Accelerator is made possible through the Desai Sethi Foundation, Davidson Foundation, and the Michigan Economic Development Corporation.

Desai Family Accelerator Headquarter Location

301 E Liberty Street #701

Ann Arbor, Michigan, 48104,

United States

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Latest Desai Family Accelerator News

U-M’s Desai Family Accelerator Announces Inaugural Startup Class

Jan 29, 2016

Reprints Last summer, the University of Michigan’s Ross School of Business and College of Engineering announced the creation of a new accelerator that would be open to any startup—no university affiliation required. Earlier this month, the Desai Family Accelerator selected its first cohort of five companies, and they’ll now spend the summer trying to refine and grow their businesses. More than 72 tech startups submitted applications to the accelerator; 42 percent were from Michigan-based companies, 19 percent were led by female founders, and 31 percent had a connection to the University of Michigan. “We were lucky to have a pretty well-rounded group of applicants,” said Kelly LaPierre, the accelerator’s managing director. “A good percentage had some sort of connection to the university, and one-third of the applicants were from Michigan. We were pleased to see so much interest outside of Michigan.” Of the companies selected to participate in the first cohort, two are relocating to Michigan from out of state. Created to help early-stage tech ventures mature, the Desai Family Accelerator gives participants a $25,000 investment, office space in downtown Ann Arbor, student interns, and access to one of the largest alumni groups in the U.S. Funding and support for the accelerator was provided by the Desai Sethi Family Foundation, the Davidson Foundation, the Wadhams family, and the Michigan Economic Development Corporation. “The space [accelerator participants will work out of] is truly incredible—it’s on the seventh floor and has great views,” LaPierre said, adding that the accelerator is located inside of Pillar Technology’s co-working space, called The Forge , on Fifth Street and East Liberty. “It’s great to be located at such an exciting company.” LaPierre said a joint demo day, where Desai Family Accelerator startups will pitch investors, will be held in September with Coolhouse Labs, another startup accelerator that recently opened in Ann Arbor . Here’s a bit more about the Desai Family Accelerator startups: — Scape : Founded by Ann Arbor native Mary Lemmer, a serial entrepreneur and venture capitalist who currently lives in San Francisco, Scape allows users with an empty plots of land to connect online and get matched with local gardeners, who then come and plant food crops according to the user’s needs. Scape also has programs for people who already have a garden but need help tending it, or want a home garden but don’t have the space. LaPierre said she’s excited that an experienced entrepreneur like Lemmer wants to be part of the accelerator. — Companion : This peer-to-peer safety app founded by two U-M graduates won the 2015 Michigan Business Challenge . Family and friends of U-M students can use the app to keep an eye on the students as they walk home late at night, and Companion also allows public safety organizations to analyze the resulting data to determine the best places to station police officers. — Diverse Note : Diversity is a hot topic in the tech world, and this website aims to bring job candidates from “the diversity community” and recruiters together to bridge the gap between those searching for career opportunities and those searching for candidates that fit their needs. — RunThatApp : RunThatApp is a platform that allows users to stream, demo, and share mobile apps within a Web browser before releasing them to the public. — Telemetrio : Digital tools that track fitness metrics have never been hotter, and Telemetrio plans to capitalize on that trend by offering users a broadcasting and statistics platform designed for recreational athletes. Sarah Schmid is the editor of Xconomy Detroit/Ann Arbor. You can reach her at 313-570-9823 or sschmid@xconomy.com. Follow @XconomyDET_AA

Desai Family Accelerator Investments

19 Investments

Desai Family Accelerator has made 19 investments. Their latest investment was in Movatic as part of their Seed on June 6, 2018.

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Desai Family Accelerator Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/27/2018

Seed

Movatic

$0.05M

Yes

2

6/27/2018

Seed

Mi Padrino

$0.05M

Yes

2

6/27/2018

Seed

Jottful

$0.05M

Yes

2

6/27/2018

Seed

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$99M

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10

6/27/2018

Seed

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$99M

Subscribe to see more

10

Date

6/27/2018

6/27/2018

6/27/2018

6/27/2018

6/27/2018

Round

Seed

Seed

Seed

Seed

Seed

Company

Movatic

Mi Padrino

Jottful

Subscribe to see more

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Amount

$0.05M

$0.05M

$0.05M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

2

10

10

Desai Family Accelerator Team

1 Team Member

Desai Family Accelerator has 1 team member, including current Managing Director, Kelly LaPierre.

Name

Work History

Title

Status

Kelly LaPierre

Managing Director

Current

Name

Kelly LaPierre

Work History

Title

Managing Director

Status

Current

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