Michigan Capital Network Raises $25.4M for Defense Technology Fund
Michigan Capital Network has successfully raised $25.4 million from 45 investors for its fifth venture capital fund, which targets critical technologies for national defense. Led by CEO Paul D'Amato, the Grand Rapids-based firm aims to secure a U.S. Small Business Administration match to potentially double the fund size to over $50 million. It is the only Midwest firm selected for the SBA and U.S. Department of Defense's Critical Technologies Initiative, collaborating with a nonprofit in Ann Arbor to enhance deal flow with vetted early-stage defense startups.
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Michigan Capital Network raised $25.4 million from 45 investors for a fifth venture capital fund focusing on critical technologies for national defense in 2025. The Grand Rapids-based firm, led by CEO Paul D'Amato, aims to secure a U.S.
Small Business Administration match to double the fund size to over $50 million. It is the only Midwest firm selected by the SBA and U.S. Department of Defense for the Critical Technologies Initiative, partnering with a nonprofit in Ann Arbor to increase deal flow with vetted early-stage startups in the defense sector.
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