New Houghton-based venture firm 1885 Capital launches with first investments
MARQUETTE — Upper Peninsula-anchored 1885 Capital has officially launched, the first rural-based venture firm founded in the United States since 2018. The early-stage firm invests in high-growth technology companies across four sectors: industrial technology, enterprise software, advanced materials and sustainability. The firm announced its first two portfolio investments, Bloom, a platform connecting mobility, energy and robotics companies with vetted supply chain partners; and Grw AI, an AI teammate that builds and manages sales operations. With first checks ranging from $100,000 ...