Fund profile
Resonant Venture Partners
Ann Arbor, USA
Not leading
About
Resonant Venture Partners is a seed-stage venture capital firm founded in 2010 and headquartered in Ann Arbor, Michigan. The firm was co-founded by Jason Townsend and Michael Godwin -- both Bay Area veterans and Ross School of Business alumni associated with the Zell Lurie Institute at the University of Michigan -- who returned to the Midwest to build a seed fund dedicated to backing technology startups in the region. Resonant's thesis concentrates on cloud infrastructure, software and services, with historical exposure also extending into security, industrial applications, the Internet of Things, life sciences, advanced manufacturing, alternative energy and defense. The firm deployed checks between $50,000 and $500,000, targeting very early-stage deployments and initially aiming for a $20 million Fund I. Across 21 total investments the portfolio has produced 5 exits, including the flagship realized outcome Bitfusion, which was acquired by VMware in July 2019. Other notable portfolio names include Filament, an industrial IoT connectivity company where Resonant participated alongside Samsung NEXT and Digital Currency Group in a $15 million round, and SlamData, a database software company. Resonant positioned itself as a bridge between Midwest entrepreneurial talent and the broader US venture ecosystem, giving early-stage founders access to networks and capital not previously available in the region. The firm's last publicly documented new investment dates to 2017, suggesting it is currently operating in portfolio-management and harvest mode rather than active deployment, with its realized exits representing the primary return of the fund's thesis.
Details
Highlights
$500k
Historical max check
May 2017
Last investment date
21
Investments
SaaS
Hardware. Robotics & IoT
Software & Apps
Security & Privacy
Biotech
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Contacts
Website
resonantvc.comSocial
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