# eLab Ventures

> eLab Ventures is a VC fund in Ann Arbor backing Software and SaaS. See 36 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Ann Arbor, United States
- Total investments: 36
- Last investment: Jun 2026
- Lead investor: 36%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/michigan-elab
- X (Twitter): http://twitter.com/eLabVentures
- Website: http://elabvc.com/

eLab Ventures is an early stage technology venture capital fund created to capitalize on the growth of emerging entrepreneurial markets outside of Silicon Valley and to create bridges to those markets to seek startups with disruptive innovations, exceptional teams, and capital efficient business models that have the potential to serve largemarkets. eLab is strategically based both in Ann Arbor, to leverage innovation and talent in the Midwest, and in Silicon Valley, to leverage customers, business development, funding sources and a strong network of experienced advisors. We are passionate about nurturing world-changing ideas by connecting entrepreneurs to capital and expertise needed to build great, disruptive companies!

## Contacts

5 contacts available for eLab Ventures. Shizune tracks 6 team members at eLab Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/michigan-elab?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $250k–$5.9M |
| Series A | $4.6M–$12M |
| Series B | $10M–$44M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 11 | 31% |
| SaaS | 6 | 17% |
| Artificial Intelligence | 6 | 17% |
| Analytics | 4 | 11% |
| Automotive | 4 | 11% |

42 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 13 | 36% |
| Series B | 8 | 22% |
| Series A | 6 | 17% |
| Pre-Seed | 1 | 3% |
| Funding Round | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Robert Stefanski | Co-Founder and Managing Director | 5 | https://shizune.co/investors/profile/robert-stefanski |
| Doug Neal | Co-Founder and Managing Director | 7 | https://shizune.co/investors/profile/doug-neal |
| Mahendra Vora | Limited Partner | 1 | https://shizune.co/investors/profile/mahendra-vora |
| Paul Brown | Managing Director | 0 | https://shizune.co/investors/profile/paul-brown-10 |
| Rick Bolander | Co-Founder and Managing Director | 10 | https://shizune.co/investors/profile/rick-bolander |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Devplan | Devplan is an AI-powered workspace for product development teams, transforming ideas into execution-ready plans by integrating with tools like GitHub, Linear, Jira, and company docs. | $2.5M | Seed | Jun 18, 2026 |  |
| MemryX | MemryX is a fabless semiconductor company that designs edge AI processing solutions powered by a proprietary compute-at-memory technology and dataflow architecture. By combining high performance and accuracy with low system power and a high-performance architecture, MemryX solutions can power AI needs for several industries, includingtransportation, IoT, and a wide range of industrial and consumer applications. The company's products, such as the MX3 Edge Accelerator and MX3 M.2 Accelerator, utilize a proprietary compute-at-memory architecture and dataflow design to deliver high-performance AI processing with low power consumption. These accelerators are compatible with various host processors, including x86, Arm, and RISC-V, and support popular AI frameworks like TensorFlow, PyTorch, and ONNX. MemryX's solutions are applicable in industries such as video management systems, industrial automation, education, and smart vision. The company's technology aims to simplify AI deployment by allowing users to compile and run AI models without extensive retraining or tuning. MemryX also provides a Developer Hub with resources for installing, deploying, and optimizing AI solutions. | $44M | Series B | Mar 27, 2025 |  |
| Pinnacle | Pinnacle is an AI executive coach. Pinnacle provides coaching, career planning, personalized learning, and automated manager tools that fit seamlessly in the flow of work in Slack & MS Teams. We're used by the world's most people-centric businesses to support their employees at scale. | $2.5M | Seed | Mar 13, 2025 |  |
| Voxel51 | Voxel51 is the leading data platform for physical AI. The company's flagship product, FiftyOne, combines open-source flexibility with enterprise-grade capabilities to help teams understand and analyze their multimodal data, annotate the right samples, close quality and coverage gaps, and build models that perform reliably in the real world.Trusted by millions of developers and thousands of enterprises—including Porsche, Vivint, Berkshire Grey, and Microsoft—FiftyOne is how the world's leading AI teams build the data foundation physical AI demands. Learn more at voxel51.com. | $30M | Series B | May 16, 2024 |  |
| BlastPoint | BlastPoint provides big data solutions that help companies optimize revenue growth. Its user-intuitive software platform is customizable, interactive, and stays constantly up to date. It provides services to customers in retail, the utility industry, emerging franchises, and nonprofit organizations.The company was founded in 2016 and isheadquartered in Pittsburgh, Pennsylvania. | $5.3M | Seed | Nov 14, 2023 |  |
| Verge Aero | Verge Aero (Verge) is an experienced team of electrical, computer, software, systems, and aerospace engineers, whose mission is focused on building and deploying unmanned aerial systems (UASs), or drones, for use in the entertainment industry. Verge has designed, developed, and implemented a drone performance software capable of controlling swarmsof drones and integrating into existing entertainment systems, providing dynamic interactions with audiences and actors. Near-term applications of the technology include recurring drone performances, venue installations, touring drone performance productions, and drone entertainment products. | $3.9M | Seed | Sep 01, 2022 |  |
| Mobileforce Software | Mobileforce offers a disruptive intelligent and no-code Quote-to-Cash-to-Service SaaS platform for enterprises running cloud CRMs & ERPs. Mobileforce's next-gen solution radically simplifies and accelerates sales and field services through its robust, automated platform. The company is meeting a fast-growing next-gen RevOps market need,especially among mid-market and enterprise businesses in key sectors, including with field sales and service teams. Mobileforce’s customers include visionary companies addressing intricate demands in sectors with complex needs, including industrial, distribution & manufacturing, and high-tech/software. For more information, visit mobileforce.ai. | $5.9M | Seed | Jul 18, 2022 |  |
| Pulsora | Pulsora is an enterprise environmental, social, and governance software as a service platform. pulsESG is based in San Francisco, California. | $8.5M | Seed | Oct 20, 2021 |  |
| MemryX | MemryX is a fabless semiconductor company that designs edge AI processing solutions powered by a proprietary compute-at-memory technology and dataflow architecture. By combining high performance and accuracy with low system power and a high-performance architecture, MemryX solutions can power AI needs for several industries, includingtransportation, IoT, and a wide range of industrial and consumer applications. The company's products, such as the MX3 Edge Accelerator and MX3 M.2 Accelerator, utilize a proprietary compute-at-memory architecture and dataflow design to deliver high-performance AI processing with low power consumption. These accelerators are compatible with various host processors, including x86, Arm, and RISC-V, and support popular AI frameworks like TensorFlow, PyTorch, and ONNX. MemryX's solutions are applicable in industries such as video management systems, industrial automation, education, and smart vision. The company's technology aims to simplify AI deployment by allowing users to compile and run AI models without extensive retraining or tuning. MemryX also provides a Developer Hub with resources for installing, deploying, and optimizing AI solutions. |  | Series A | May 12, 2021 |  |
| Traxen® | We are here to make a great contribution to the world by creating great products that save lives, conserve energy and help the world move smarter. | $4.8M | Seed | Apr 02, 2021 |  |

10 of 36 investments shown.

## Co-investors
- [Trucks Venture Capital](https://shizune.co/investors/profile/trucks-venture-capital) — VC Fund, 7 deals together
- [Pillar VC](https://shizune.co/investors/profile/pillar-companies-2) — VC Fund, 5 deals together
- [Wakestream Ventures](https://shizune.co/investors/profile/wakestream-ventures) — VC Fund, 3 deals together
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund, 2 deals together
- [Arborview Capital](https://shizune.co/investors/profile/arborview-capital) — VC Fund, 2 deals together
- [byFounders](https://shizune.co/investors/profile/byfounders) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## Featured in investor lists
- [Automotive Investors in United States](https://shizune.co/investors/automotive-investors-united-states)
- [Automotive VC Funds in United States](https://shizune.co/investors/automotive-vc-funds-united-states)

## FAQ

### What does eLab Ventures invest in?

eLab Ventures invests primarily in Software, SaaS and Artificial Intelligence startups, most often at Seed and Series B stage. Most of the 36 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is eLab Ventures's check size?

eLab Ventures typically joins rounds of $250k–$5.9M at Seed, $4.6M–$12M at Series A and $10M–$44M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds eLab Ventures participates in.

### How do I contact eLab Ventures?

Public channels for eLab Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at eLab Ventures?

The team at eLab Ventures includes Robert Stefanski (Co-Founder and Managing Director), Doug Neal (Co-Founder and Managing Director) and Mahendra Vora (Limited Partner), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co