The Farmington Hills-based Chaldean American Chamber, which represents approximately 25,000 Chaldean-owned businesses around the state, on Wednesday announced that it had launched the $5 million Ark Angel II Fund to invest in startups in Michigan and elsewhere.
Read MoreIn 2020, the Chaldean American Chamber of Commerce started the Ark Angel Fund as a way to bring the startup market to Chaldean investors. In addition, it supports emerging businesses that can make a difference in the region. The first iteration of the Ark Angel Fund succeeded in raising a total of $1 million from 32 investors. All of the funds have since invested in seven different startup companies across several different sectors. While the Fund hears all kinds of pitches, it tends to focus most of its attention on innovative companies in the technology sphere.
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