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Venture Capital
msufoundation.org/redcedarventures

Investments

17

Funds

2

About Red Cedar Ventures

Red Cedar Ventures, the investing subsidiary of the Michigan State University Foundation, features both a pre-seed fund and opportunity fund focused on helping Michigan State University-based startups and technologies overcome critical funding gaps, accelerate growth, and provide follow-on, growth-stage capital.

Headquarters Location

2727 Alliance Drive Suite C

Lansing, Michigan, 48910,

United States

517-353-9268

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Latest Red Cedar Ventures News

Crain's Grand Rapids Business Red Cedar Ventures invests in UV Angel

Jul 31, 2023

<strong> Courtesy UV Angel </strong> A venture fund of the Michigan State University (MSU) Foundation made an investment in Grand Haven-based UV Angel. East Lansing-based Red Cedar Ventures said Thursday, April 14, it made its first “major investment” in UV Angel , a pathogen control technology company based in Grand Haven. The size of the investment was not disclosed. Red Cedar Ventures’ investment comes as UV Angel continues to integrate its technology into MSU’s high-capacity spaces. “At Red Cedar, we foster strong relationships with the companies we invest in, especially those whose mission focuses on the health and well-being of all,” said Jeff Wesley, executive director of Red Cedar Ventures. “Combined with our direct connection to MSU, our investment and partnership with UV Angel was perfectly aligned. “As health care continues to be a priority in every aspect of our lives, we look forward to supporting UV Angel’s growth at MSU and beyond and are proud of their commitment to create a better, safer environment for all.” Engineered to continuously clean the air and operate when people are present with no chemicals or harmful byproducts, the UV Angel Clean Air Upper-Room UVGI technology integrates a patented infection control platform into the room-ceiling space. The Upper Room UV Angel Clean Air operates 24/7 independently from a building’s heating, ventilation and cooling (HVAC) systems and pulls room air into a sealed UVGI infection control chamber, where up to 99.99% of viruses, bacteria and fungi are killed. The clean, treated air then is returned to the room. “UV Angel has worked tirelessly during this pandemic to bring awareness to the air as a transmission pathway for the coronavirus and other infectious pathogens, and we’re proud to partner with MSU to help reduce pathogens and create healthier environments for MSU students, athletes and staff,” said Linda Lee, chief medical affairs and science officer of UV Angel who holds a doctorate in public health in occupational and environmental health. “Students and staff need to continue to get back to the classroom and experience the benefits of full university life. People are the main source of transmission, and our pathogen control technology provides an engineered and automatic layer of safety against harmful viruses, bacteria and mold where it’s needed most: indoors, in occupied spaces as people are gathering to work, train and care for others.” Red Cedar Ventures was founded to accelerate the commercialization of companies, creating opportunities for MSU technologies, ecosystem partners and the state of Michigan. It invests in the form of pre-seed funds and opportunity funds, acting as a partner from early- to late-stage funding for startups. On average, MSU said it has seen reductions of bacteria levels between 70% and 80% using UV Angel’s technology at the Michigan State University Breslin Student Events Center, Wharton Center for Performing Arts, Olin Health Center and Wonders Hall. More spaces are being considered for UV Angel’s product across campus. TAGS

Red Cedar Ventures Investments

17 Investments

Red Cedar Ventures has made 17 investments. Their latest investment was in Enspired Solutions as part of their Seed VC on April 4, 2023.

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Red Cedar Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/27/2023

Seed VC

Enspired Solutions

$1.24M

Yes

1

3/15/2023

Seed VC - II

TiiCKER

$8.35M

No

Baysore Advisory Group, Flipturn Ventures, Undisclosed Angel Investors, and Undisclosed Private Equity Investors

3

2/14/2023

Unattributed VC

Emory Peak Capital

$40.05M

Yes

1

1/3/2023

Seed VC - II

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$99M

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10

10/9/2022

Bridge

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$99M

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10

Date

4/27/2023

3/15/2023

2/14/2023

1/3/2023

10/9/2022

Round

Seed VC

Seed VC - II

Unattributed VC

Seed VC - II

Bridge

Company

Enspired Solutions

TiiCKER

Emory Peak Capital

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Amount

$1.24M

$8.35M

$40.05M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Baysore Advisory Group, Flipturn Ventures, Undisclosed Angel Investors, and Undisclosed Private Equity Investors

Sources

1

3

1

10

10

Red Cedar Ventures Fund History

2 Fund Histories

Red Cedar Ventures has 2 funds, including Red Cedar Opportunity Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/16/2016

Red Cedar Opportunity Fund

Early-Stage Venture Capital

Open

$5M

1

RedCedar Ventures Fund I

$99M

10

Closing Date

11/16/2016

Fund

Red Cedar Opportunity Fund

RedCedar Ventures Fund I

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

$5M

$99M

Sources

1

10

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