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Fund profile

Resonant Venture Partners

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

Average check

$0-$100K
$100K-$500K

Round

Pre-seed
Seed

Previous Investments

BiotechHardware. Robotics & IoTSaaSSecurity & PrivacySoftware & Apps

Geo focus

USA

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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Website

resonantvc.com

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