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Economic Mobility & Financial Inclusion

New Community Transformation Fund

New Community Transformation Fund is a Michigan-based venture capital platform investing in overlooked founders and companies to advance economic development and entrepreneurship.
Private Venture Fund
SDG 10 | SDG 8 | SDG 9
Grand Rapids, Michigan

$420K

deployed
CAPITAL DEPLOYED

180

units
units created

620+

people
people housed

2024

year
investment year

The Investment

New Community Transformation Fund is a Michigan-based venture capital platform investing in overlooked founders, investors, and companies. The fund’s work sits at the intersection of economic development and entrepreneurship, with a focus on expanding access to early-stage capital while seeking strong, risk-adjusted returns. NCTF is focused on Michigan companies in sectors where the state has existing strengths, including life sciences, advanced manufacturing, software, technology, and related industries. The fund invests across pre-seed, seed, and Series A stages, providing exposure to a portfolio of companies rather than a single business. In January 2026, an Abundance Angel recommended a $555,000 commitment to NCTF through Abundance Capital. The commitment reflected donor interest in supporting a professionally managed venture fund focused on entrepreneurship, innovation, job creation, and economic growth in Michigan. The fund’s impact approach includes tracking job creation, portfolio company leadership, and the number of lives positively affected through investments that reduce barriers in areas such as health, education, wealth-building, access, and innovation. Returns are not guaranteed and depend on the fund’s long-term portfolio performance, future financing activity, and company exits.

Impact Metrics

180 units

Affordable housing units created and preserved

620+ residents

Low-income residents housed with stable, affordable rent

$2.1M leveraged

Additional capital mobilized from public and philanthropic sources

SDG Alignment

8
SDG 8: Decent Work and Economic Growth
9
SDG 9: Industry, Innovation and Infrastructure
10
SDG 10: Reduced Inequalities

Investment Details

Type
Private Venture Fund
Amount
$555,000
Impact Pillar
Economic Mobility & Financial Inclusion
Status
Deployed
Location
Grand Rapids, Michigan

About the Organization

New Community Transformation Fund (NCTF) is a Michigan-based venture capital firm investing in pre-seed, seed, and Series A companies led by overlooked founders across life sciences, advanced manufacturing, software, and technology. The fund takes a place-based approach to early-stage investing, with a focus on Michigan companies and a mission to expand access to capital while generating strong risk-adjusted returns and measurable economic impact.

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