Waséyabek Development Co. invested $5M in Michigan Capital Network to enhance defense tech initiatives, targeting advanced technologies for national defense.

Jul 29, 2025•16 days ago

Amount Raised

$5 Million

Grand RapidsGaming

Investors

Waséyabek Development Co.

Description

Waséyabek Development Co. has invested $5 million in Michigan Capital Network, based in Grand Rapids. This funding will support an initiative to invest in critical technologies for national defense, with federal backing. Waséyabek's investment aims to strengthen advanced technology industries and aligns with their interests in federal contracting

Company Information

Company

Michigan Capital Network

Location

Grand Rapids, Michigan, United States

About

Waséyabek Development Co. serves as the non-gaming tribal economic development arm for the Nottawaseppi Huron Band of the Potawatomi. The company focuses on investing in various sectors, including federal contracting and advanced technology industries. Currently, Waséyabek holds 33 portfolio companies that collectively employ around 650 people and the portfolio generated $151 million in revenue in 2024. Waséyabek is committed to building long-term economic independence through strategic investments.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Waséyabek Development Co. invested $5M in Michigan Capital Network to enhance defense tech initiatives, targeting advanced technologies for national defense.

Investors

Description

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Funding Insights

Company Information