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New VC Firm Entrepreneur Ventures Leases Office Space at 61 Commerce in Grand Rapids

Entrepreneur Ventures, a Los Angeles, CA-based newly formed venture capital firm, has leased space at 61 Commerce Avenue in Grand Rapids, Michigan to serve as its Midwest hub.

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The downtown, five-story, 28,000-square-foot building in the city’s core business district will serve as office space for EV General Partner and local startup and VC executive Danny Beckett, Jr. and his team, as well as feature coworking and conference space for startups and dealmakers pitching or investing as part of the West Michigan venture capital ecosystem.

The firm signed a multi-year lease with an option for up to 5,000 square feet and is partnering with The Right Place and its Technology Council of West Michigan to offer space, national speakers and programming to the Greater Grand Rapids region and visiting entrepreneurs and investors.

The building, which is also the headquarters for fintech startup TiiCKER Inc., a shareholder loyalty and engagement platform, is owned by Jeff Lambert, an investor in the Entrepreneur Ventures fund, founder and CEO of TiiCKER, and founder and Chairman of public relations and investor relations firm Lambert Global.

Launched in late November 2023 and led by veteran venture capital investors Danny Beckett, Jr. and Jonathan Hung, Entrepreneur Ventures plans to invest up to $10m in 150 to 200 pre-seed stage startups, primarily operating in the CPG, consumer, and B2B frontier and enterprise tech sectors.

The firm also has offices and partners in New York, San Francisco, Toronto, and Grand Rapids.

Entrepreneur Ventures is backed by Entrepreneur Media, publisher of Entrepreneur magazine and Entrepreneur.com, which is also establishing an accredited angel investor network that will give participating investors co-investment opportunities and other personalized guidance.

VCWire

24/01/2024