PB

Prem Bodagala

SVP & Director @ Invest Detroit Ventures

Ann Arbor, Michigan

Invests in

Stages:

  • Min Investment:

    $50,000.00
  • Max Investment:

    $250,000.00
  • Target Investment:

    $150,000.00

Work Experience

  • Senior Vice President, Venture and Director, ID Ventures

    2024

    ID Ventures is a seed stage venture capital fund which scales promising early-stage ventures in Michigan into thriving companies.

2020 - 2024

  • Director

    2020 - 2024

    Conceptualized and built the team for Michigan Rise, a $25M early-stage venture capital fund which provided both equity and Purchase Order financing to nearly 100 Michigan tech startups in three years.

2019 - 2024

  • Director

    2019 - 2024

    Red Cedar Ventures is a venture capital fund with an investment thesis built around technology startups within Michigan State University Foundation's entrepreneurial ecosystem.

2017 - 2019

  • Director

    2017 - 2019

    Led investments in 19 portfolio companies at $15M early-stage investment fund, with 5 exits and cumulative funding of over $290M to date. Was observer on the boards of Akadeum Life Sciences, Genomenon, ONL Therapeutics, Orbion Space and Shoulder Innovations.

  • Research Assistant

    2016 - 2017

    Conducted research with Dr. Casey Pierce to investigate physician referral patterns in US health systems.

  • Informatics Analyst

    2016 - 2016

    Performed needs assessment evaluation studies for cancer informatics tools by conducting contextual inquiries with oncologists & certified tumor registrars and quantifying qualitative data using survey methodology. Collated user needs, technology solutions and cost-benefit analysis of each solution for the project management leadership.

  • Business Development Analyst

    2016 - 2016

    Collated development, launch and scale-up cost data for the ADT (Admit-Discharge-Transfer) and the Medication Reconciliation health information exchange services by collaborating with the product, finance, and legal teams. Built multi-level pricing models for private and public payers.

  • Portfolio Manager - Entrepreneurship, Innovation and Venture Capital

    2013 - 2015

    Managed a portfolio of 3 venture funds, 20 tech startup companies, an incubator and a statewide business plan competition as a core member of the Entrepreneurship, Innovation & Venture Capital team at MEDC. Observer on boards of Rubicon Genomics, Armune Bioscience, Algal Scientific, Vestaron, and Pixel Velocity.

  • Investment Banking Associate

    2011 - 2013

    Led the analysis, research and project management functions across the buy-side, sell-side, valuation and capital raise practice of Charter Capital Partners, for the firm’s healthcare, furniture, automotive, defense, nutraceutical, oil & gas, and facilities management clients resulting in transactions totaling over $100 MM.

  • Venture Capital Associate

    2011 - 2013

    Member of three-person team which raised the first early-stage focused venture capital fund in West Michigan in 2011. Assisted sourcing and led diligence on investment in 7 portfolio companies, which resulted in total equity raise of $190 MM and 3 exits to date.