Organization · Venture Capital
New Community Transformation Fund
The New Community Transformation Fund (NCTF) is a $25 million venture capital fund based in Grand Rapids, Michigan, focused on investing in companies owned and operated by business leaders of color. It targets scalable, early to mid-stage businesses in West Michigan.
Overview
What New Community Transformation Fund does
What New Community Transformation Fund is
The New Community Transformation Fund (NCTF) is a $25 million venture capital fund based in Grand Rapids, Michigan, focused on investing in companies owned and operated by business leaders of color. It targets scalable, early to mid-stage businesses in West Michigan.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2020
- Approximate age
- About 6 years
- Structured capabilities
- Funder
- Last reviewed
- April 26, 2026
Official channels
Find New Community Transformation Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
New Community Transformation Fund as a funder
Investment thesis
NCTF aims to close the capital-access gap for founders and business owners of color while building generational wealth and a more diverse economy in West Michigan.
Focus narrative
NCTF invests in scalable, early to mid-stage businesses and transitioning succession companies across various industries specific to the region. The fund seeks to support high-growth companies whose founders are located in West Michigan, with a mission to create upward mobility for entrepreneurs historically denied access to capital and support services.
Value beyond capital
NCTF provides not only capital but also guidance and support services to its portfolio companies, helping them navigate the challenges of scaling and transitioning ownership. The fund's affiliation with Michigan Capital Network enhances its ability to source and process deals effectively, ensuring that entrepreneurs of color receive the resources they need to succeed.
Terms and economics
- Typical check
- $250,000–$1,500,000
- Sweet spot
- $500,000
Focus and fit
- Stages
- Seed · Growth Equity
- Sectors
- Medical Devices · Fintech · Healthcare · E-commerce
- Regions
- North America · United States · Greater China
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 11
Portfolio context
NCTF's notable portfolio includes: Holo Footwear Inc.: A Latino-owned footwear company based in Grand Rapids. Hummus Goodness LLC: A Middle Eastern woman-owned food company from Birmingham, Michigan. Gildform Inc.: An on-demand jewelry design and manufacturing platform based in Detroit. Honeycomb Credit: A crowdfunding platform aiding underserved small-business owners in accessing capital. Opnr: A platform that connects concert organizers with musical acts to enhance booking and ticket sales. BAMF Health: A precision medicine company focused on cancer treatment. Zil Money: A payment and accounts-payable automation platform for SMEs. Grain: A cash-flow-based revolving credit product.
Common questions
What to know about New Community Transformation Fund
Upseed classifies New Community Transformation Fund under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 26, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.