About - Grand Angels | A West Michigan Angel and Venture Fund Investment Organization

Grand Angels is one of Michigan’s most active and most consistent investment organizations, and we are the longest-serving regional investment group that offers robust mentoring paired with patient capital.

Grand Angels’ objective is to build world-class companies and entrepreneurial talent through investment and mentoring. Our members are only successful if the people with whom we invest are successful. We are committed to utilizing our financial, intellectual and networking resources to help our portfolio companies achieve more. Our commitment is to grow strong entrepreneurs and companies in Michigan and the Midwest region.

Angel Network

The Grand Angels’ member network operates as a traditional angel organization. Each accredited member investor makes his or her own investment into a startup company, with due diligence shared among the members and decisions agreed upon within the context of the group.

Grand Angels Venture Fund II

Grand Angels Venture Fund II (GA Fund II) is a committed capital fund that was created in 2015 by legacy Grand Angels members who sought to diversify investments through a traditional venture fund. To date, GA Fund II has invested in 14 companies. Its focus is in B2B technology, advanced manufacturing, agriculture technology, and life sciences companies that are currently generating revenues, or are pre-revenue with a clear path to exit. Learn about the Portfolio Companies in GA Fund II.

Grand Angels Venture Fund III

Grand Angels has filed to create Grand Angels Venture Fund III (GA Fund III), a new $25 million venture capital fund. GA Fund III is created to profitably attract more emerging technologies that can take advantage of Michigan’s legacy in advanced manufacturing and materials. For more information on GA Fund III, contact Paul D’Amato (paul@damato.us) or Janet Wyllie (wylliej@grandangels.org).

The Grand Angels organization is supported by member fees and generous corporate and academic sponsorships. Grand Angels is a member of the Angel Capital Association, an organization founded by the Ewing Marion Kauffman Foundation (Kansas City, MO), which continues to provide leadership and resources for angel investors across the country.

HISTORY

Grand Angels was founded in 2004 by former Grand Bank founder and CEO, Charles C. Stoddard, and serial entrepreneur, Craig T. Hall. They recruited other community leaders willing to join them in the vision of making “investments with a difference.”

In 2005, the angels recruited Jody D. Vanderwel, an experienced corporate attorney, to serve as president of the organization. Vanderwel has accelerated the growth of the organization and increased its visibility during her twelve-year tenure.

In November of 2016, Timothy S. Parker became the organizations second president. Parker is an energetic entrepreneur and global business leader with a passion for developing people, products and processes. Most recently he was president and founder of an export, trading and consulting startup with the goal of increasing trade between Michigan and Asian markets.

Since its inception, Grand Angels has invested $29,9 million in 41 companies through 125 financing rounds. So far in 2018, Grand Angels has invested $1.9 million in 10 companies.

Today, Grand Angels is comprised of two operations, the Angel Network, with 50 active members and Grand Angels Venture Fund II, which launched in 2015.

Bios

Timothy S. Parker, President

Tim became the second president of Grand Angels in November of 2016. Tim oversees Grand Angels’ deal sourcing, investing, and portfolio management along with representing the group at networking and educational events across Michigan. He is also one of the managing partners of the Grand Angels Venture Fund II and Fund III. Prior to Grand Angels, Tim was the founder of a global export, trading, and consulting startup with the goal of increasing trade between Michigan and Asian markets. During his time as an entrepreneur, he obtained exclusive rights to Asia for 15 U.S. brands, representing more than 120 SKU’s and establishing relationships with major retailers in China, Hong Kong, Taiwan, The Philippines, Japan, South Korea, and others. He also spent 17 years at Bissell, Inc., including eight years as its vice president of research and development. Tim holds a B.S. degree in Manufacturing Administration and also a M.B.A. from Western Michigan University. He is a frequent guest lecturer at colleges in the area.

Carey Lefere, Treasurer/Secretary

Carey has years of investing and portfolio management experience. She currently serves as the co-managing director of CDL Investments LLC, a Grand Rapids based venture capital company which focuses on early stage investments. She has spent time as the managing partner of the Carter Family LLC, which participated in rental and investment properties. Carey serves as an advisor to the Hurst Foundation and has been a member of Grand Angels since 2014. Carey a native of Jackson, Michigan holds a B.A. from Denison University.

Paul D'Amato

Paul is a successful serial entrepreneur with more than 20 years of business building experience. Paul is currently the Managing Director of the Grand Angels Venture Fund II and Fund III. He also is the Managing Director of Trout Creek Ventures, a regional co-investment venture capital fund focusing on early stage investments. He is an active angel investor with several angel groups in the Midwest. Previously, Paul owned and operated a retail chain in the Midwest that he sold to a strategic acquirer. Paul built the chain through organic growth and a series of acquisitions. He holds a Bachelor of Science in Computer Engineering from the University of Illinois in Urbana-Champaign, and a Masters of Business Administration with an emphasis on M&A and analytical decision modeling from The Kellogg School of Management at Northwestern University in Evanston. Paul serves on the board of directors of Grand Angels, Tetra Discovery Partners, Prism Analytical Technologies, and Reconstruct.

Carl B. Erickson, Chairperson

Carl is the CEO of Atomic Object, a software design and development consultancy with offices in Grand Rapids and Ann Arbor. Before founding Atomic, he was a professor of computer science at Grand Valley State University. Carl has served on the boards of Mock Draft Central, Varsity News Network, Blue Medora, Local Orbit, and Legacy Trust. He is also a managing director of Tappan Hill Ventures, a boutique VC located in Ann Arbor. Carl serves on the boards of the Land Conservancy of West Michigan, and GR HQ. He is a frequent speaker on technology, and blogs at GreatNotBig.com.

Patrick A. Gaughan

Patrick is CFO and partner of Brooks Capital Management and a partner of its affiliate real estate development company, IPA Partners. Patrick also is on the Investment Committee of the Kent Community Health Foundation and serves on the Investment Committee of The Community Foundation of the Holland-Zeeland Area. Patrick has been on the Grand Angel board since its inception.

John S. Jackoboice

John is Vice Chair of Baker Publishing Company Board of Directors, Co-Chairs the Aquinas College Foundation and Chairs the Northern Trust-West Michigan Advisory Board. He is also President of Lemon Bay Golf Club (FL) and serves as the Boca Grande Isles Homeowners Association President (FL). Past board chairmanships include Saint Mary’s Health, The Family Business Alliance and Aquinas College as well as serving on the boards of Hospice of Michigan Foundation and the Manufacturing Council. John retired in 2007 after 41 years with Monarch Hydraulics (Bucher) of Grand Rapids.

Michael J. Jandernoa

Mike is the former Chairman of the Board and CEO of Perrigo Company, the nation’s largest manufacturer and marketer of store brand over-the-counter drug and nutritional products. He serves on the Board of Directors of Perrigo Company, Business Leaders for Michigan, Hopen Life Science Fund, Metabolic Solutions Development Company, and Spectrum Health System. Mike is also a member of several other corporate, religious, and community boards and committees. He is the founder of Jandernoa Entrepreneurial Mentoring, co-founder and Board member of both Grand Angels and Bridge Street Capital Partners, and founder and Chairman of 42 North Partners, a family office focusing on investments, entrepreneurship, and community.

R. Lawrence Leigh, Vice Chairperson

Larry serves on the Boards of Goodwill Industries and Goodwill Foundation and is a member of the Jandernoa Entrepreneurial Mentoring Program. He also brings to Grand Angels extensive experience on other community boards. He is the former owner and founder of Leighs. Larry holds a B.S. in Business from the University of North Carolina and an M.B.A. from the University of Michigan.

Richard M. Lievense, Past Chairperson

Rich is the Chairman of InSite Capital - a subsidiary of Chemical Financial Corporation. InSite develops and finances historically significant buildings and affordable housing projects in the Midwest. Rich is the founder of Lake Michigan Financial Corporation that was established in 1998 and merged with Chemical in 2015. He currently serves on the board of directors of Chemical Financial Corporation, Riverview Development Group and chairs the Holland/Zeeland Community Foundation Oversight Board for the MSU Bio-economy Institute. He is on the investment committee of Grow Michigan - a Michigan based private subordinated debt fund. Rich holds a B.A. from Alma College and an M.A. from Western Michigan University.

Robert A. Sprotte

Bob is the owner of The Sprotte Organization which is a life insurance agency serving both business & personal markets from an independent perspective. He has been active in this industry since 1976 and in Michigan since 1978. He holds the appropriate designations for this trade including CLU, ChFC & LIC. Bob is currently involved in leading men's Bible studies and is a former Board member of both Goodwill Industries and Bethany Christian Services. As an active investor in numerous private equity offerings, the Grand Angels opportunity proves a logical fit.

Jody D. Vanderwel

Jody is one of the managing partners of Grand Angels Venture Funds II and III and the former president of Grand Angels. She worked for several years in private law practice before joining Herman Miller as Corporate Counsel and then Vice President for Corporate Giving. Jody is currently a member of the Baker Publishing Group Board, the Fuller Theological Seminary Board, and the Pine Rest Christian Mental Health Services Board, as well as a member of the advisory boards of the Michigan Accelerator Fund I, Northern Trust for West Michigan, and Plymouth Growth Partners Fund III. Jody holds a B.A. degree from the University of Colorado and J.D. degree from Washington University in St. Louis.