Investor Connect - 668 - Prem Bodagala of Michigan Rise

Published: Jan. 3, 2022, noon

On this episode of Investor Connect, Hall welcomes Prem Bodagala, Director at Michigan Rise. Michigan Rise is an early-stage focused venture capital fund investing in high-tech startups across Michigan. The fund is backed by the Michigan Strategic Fund and Michigan State University Foundation and is one of the most active early-stage investors in the Midwest with investments in 34 portfolio companies since its launch in August, 2020. Michigan Rise Pre-Seed Fund III invests in Michigan tech startups to help commercialize innovative technologies. They are proud to partner with Michigan\u2019s best and brightest tech entrepreneurs and further economic development in the Mitten State. Prem is in charge of cultivating pipeline, overseeing diligence, closing investments, advising portfolio companies, and fulfilling reporting obligations at the fund to seed tech startups in Michigan with equity instruments and purchase order financing loans. He has a broad and deep knowledge of the innovation ecosystem in the Midwest and has invested in over 100 tech startups that went on to cumulatively raise over $1B.\xa0 Prem began his career in venture capital as an Associate at Michigan Accelerator Fund I in Grand Rapids where he led the sourcing and diligence operations of that first-time fund. He next served as Portfolio Manager at Michigan Economic Development Corporation where he managed a large portfolio of tech startups and venture funds and negotiated complex forbearance, restructure, and conversion terms with public and private stakeholders.\xa0 Most recently, Prem was Director at Invest Michigan where he sourced, led investments, and was an observer in select portfolio companies.\xa0 Prem discusses his investment thesis, advises startups and investors, and shares some of the challenges they face.\xa0 You can visit Michigan Rise at , and via LinkedIn at .\xa0\xa0 Prem can be contacted via email at , and via LinkedIn at .\xa0 ______________________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0\xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .