TLDR:
Key Points:
- Muditā Venture Partners in Bingham Farms closes $40M fund
- The fund makes 15 new investments in early-stage software companies
Full Article Summary:
Muditā Venture Partners, based in Bingham Farms, recently closed a $40 million fund and made 15 new investments in 2023. The venture capital fund focuses on early-stage software companies, particularly those that are post-revenue and pre-growth-spurt. They are committed to investing in companies that have a positive impact on the world while also driving economic returns. The firm has expanded its team across several locations, including Detroit, Ann Arbor, Chicago, San Francisco, St. Louis, and Seattle.
The fund, founded by brothers Josh and Ethan Linkner, has a mission to support tech companies that not only bring economic success but also have a positive social impact. They have invested in various sectors such as edtech, fintech, property technology, and AI-based emerging companies. Additionally, Muditā Ventures Partners launched Muditā Studios in 2023, which serves as an innovative factory for developing disruptive technologies.
Overall, the fund is focused on nurturing the human spirit, fostering innovation, and creating a technologically advanced future. They see each company in their portfolio as a contribution to a more efficient and inclusive world. With ongoing innovation and a commitment to driving meaningful performance, Muditā Ventures Partners and Muditā Studios continue to scale and thrive in the venture capital industry.
