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Michigan Angel Fund company logo
Angel Investor (Group)
FINANCE | Investment Firms & Funds
miangelfund.com

Investments

33

Portfolio Exits

4

Funds

2

About Michigan Angel Fund

Michigan Angel Fund (MAF) was established by Ann Arbor SPARK, with administrative support from the Michigan Economic Development Corporation, to help finance early stage companies in Michigan and to attract additional angel investors.

Headquarters Location

330 E. Liberty St

Ann Arbor, Michigan, 48104,

United States

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Latest Michigan Angel Fund News

Michigan-based environment tech startup Sniffer closes USD 2 million seed funding round

May 3, 2023

Michigan-based environment tech startup Sniffer closes USD 2 million seed funding round By May 2, 2023, ANN ARBOUR, Michigan  — A USD 2 million seed fundraising round spearheaded by the Michigan Angel Fund has reached it’s first and considerable close, according to Sniffer Robotics, a leading provider of environmental technology-enabled services. Other investors include Michigan Rise, Abhishek Desai of Desai Ventures (London), and Naruhisa Nakagawa, the creator of Caygan Capital. The startup, established in late 2016, created a patented drone-based method to find the sources of methane leaks underground. Its SnifferDRONETM Unmanned Aerial System (UAS) is a complete system to automate a risky and time-consuming methane emission monitoring technique where technicians manually inspect landfills, natural gas pipelines, and similar land-based applications by walking miles. The US EPA granted their automated tool for compliance their first and only approval in December 2022, recognizing the advantages of Sniffer’s technology. With a triple benefit to operations, community, and the environment, this method is used nationwide to help sites more accurately account for methane leaks, improve gas collection, and minimize odors. Sniffer has quickly established itself as a leading product and service supplier for ground-based emissions monitoring. The money from this capital raise will be used to continue and expand product development. According to Arthur Mohr, Jr., CEO, “I’m extremely grateful to the investors who see the value we offer our customers and the environment and look to harness the momentum from our US EPA approval and successful capital raise to drive the scale we all envision for this business.” We were pleased to lead this Seed round for Sniffer Robotics, said Skip Simms of the Michigan Angel Fund. SR offers a product and service that makes you wonder, “Why hasn’t someone thought of this before?” In a sizable market, they now enjoy first mover advantage. The EPA has approved them as a qualified vendor for reporting, which has acknowledged their worth for the environment and waste industry. Customers’ savings consistently confirm the value offer. Additionally, their launch will be protected by IP. They have the fuel for acceleration thanks to this cash. Sniffer Robotics received legal assistance from Bodman PLC during the Series Seed investment. Sniffer Robotics is the leading provider of environmental technology-enabled services for waste, natural gas, biogas, and associated industries. The technologies and services offered by Sniffer enhance emission monitoring and detection, odor leak detection, and revenue generation through more excellent gas capture for energy production. Sniffer has finished projects in 28 states on 150+ locations, discovering 16,500+ sources of methane leaks that need to be fixed. Sniffer offers aerial (drone-based) and field services, automation technologies, and complete software analytics and reporting solutions to enhance operations and our environment. We try our  best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know -if there are any discrepancies in any of our published stories, -how we can improve, -what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!

Michigan Angel Fund Investments

33 Investments

Michigan Angel Fund has made 33 investments. Their latest investment was in Sniffer as part of their Seed VC on May 5, 2023.

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Michigan Angel Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/2/2023

Seed VC

Sniffer

$2M

Yes

2

3/8/2022

Series B

Genomenon

$20M

No

5

3/23/2021

Series A

Genomenon

$5.3M

No

1

10/29/2020

Series C

Subscribe to see more

$99M

Subscribe to see more

10

12/19/2019

Series A

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$99M

Subscribe to see more

10

Date

5/2/2023

3/8/2022

3/23/2021

10/29/2020

12/19/2019

Round

Seed VC

Series B

Series A

Series C

Series A

Company

Sniffer

Genomenon

Genomenon

Subscribe to see more

Subscribe to see more

Amount

$2M

$20M

$5.3M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

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Co-Investors

Sources

2

5

1

10

10

Michigan Angel Fund Portfolio Exits

4 Portfolio Exits

Michigan Angel Fund has 4 portfolio exits. Their latest portfolio exit was Groundspeed on June 21, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/21/2023

Acquired

$99M

4

3/2/2022

Merger

Subscribe to see more

$99M

Subscribe to see more

10

6/18/2020

Reverse Merger

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$99M

Subscribe to see more

10

6/6/2018

Acquired

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$99M

Subscribe to see more

10

Date

6/21/2023

3/2/2022

6/18/2020

6/6/2018

Exit

Acquired

Merger

Reverse Merger

Acquired

Companies

Subscribe to see more

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

4

10

10

10

Michigan Angel Fund Fund History

2 Fund Histories

Michigan Angel Fund has 2 funds, including MAF IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/28/2020

MAF IV

$2M

1

4/20/2015

MAF II

$99M

10

Closing Date

1/28/2020

4/20/2015

Fund

MAF IV

MAF II

Fund Type

Status

Amount

$2M

$99M

Sources

1

10

Michigan Angel Fund Team

1 Team Member

Michigan Angel Fund has 1 team member, including current Managing Director, Mike Flanagan.

Name

Work History

Title

Status

Mike Flanagan

University of Michigan, Michigan Economic Development Corporation, and J.P. Morgan Chase & Co.

Managing Director

Current

Name

Mike Flanagan

Work History

University of Michigan, Michigan Economic Development Corporation, and J.P. Morgan Chase & Co.

Title

Managing Director

Status

Current

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