Venture Capitalists (VC) play an important role in the startup ecosystem. We have curated a list of the top Michigan Venture Capitalists (VC). We have tried to select a variety of different types of investors across a variety of niches.
This list is designed to show off the investors with exceptional track records, industry experience and a unique understanding of the ecosystem.
Top Michigan Venture Capitalists (VC)
Data sourced from Crunchbase and SemRush.
Ludlow Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Convertible Note, Early Stage Venture, Seed, Venture
Ludlow Ventures is a venture capital firm that invests in the information technology sector.
Beringea
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Private Equity Firm, Venture Capital
Investment Stage: Debt, Early Stage Venture, Late Stage Venture, Seed
Beringea is a transatlantic venture capital seeking to create lasting success for rapidly scaling entrepreneurial companies
Arboretum Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture, Private Equity
Arboretum Ventures is a Michigan-based venture capital firm investing in medical technology and healthcare companies.
RPM Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
RPM is an early stage venture firm with a focus on investing in B2B and B2B2C technology startups in the Fintech and Mobility sectors.
Fontinalis Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture, Private Equity, Seed
Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on next-generation mobility.
Red Cedar Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Red Cedar Ventures is a leading investment firm that provides commercial market assessment for the business.
Jelly Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Jelly Ventures is an investment firm that invests in seed and early stage startups that are involved in internet and technology markets.
eLab Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
eLab Ventures is an early stage technology venture capital fund.
Augment Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Augment Ventures invests in exceptional teams with innovative products in enterprise software, smart hardware and physical innovation.
Rizvi Traverse Management
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Late Stage Venture
Rizvi Traverse Management provides capital, management resources, strategic direction, and merger and acquisition advices to businesses.
Assembly Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Partnering with the people that move the world. Detroit and Berlin.
Rock Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Rock Ventures provides operational coordination, guidance and integration of Quicken Loans Dan Gilbert’s portfolio of companies.
Plymouth Growth
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
Growth Capital for Leading Midwest Tech Companies
BioStar Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Debt, Early Stage Venture, Late Stage Venture
BioStar Ventures is a venture capital partnership that focuses on medical device technologies in cardiovascular and orthopaedic medicine.
Invest Detroit
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Early Stage Venture
Detroit Innovate is an early-stage investment fund focused on private sector financing.
Grand Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Early Stage Venture, Seed
Grand Ventures is an early-stage Venture Capital firm that invests in enterprise technology companies.
Annox Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Annox Capital is a venture capital firm specializing in growth capital investments.
Peninsula Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Peninsula Capital Partners is an investment company specializing in subordinated debt and structured equity investments in superior
Transportation Resource Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Private Equity Firm, Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture, Private Equity
Transportation Resource Partners seeks to make investments in growth-oriented businesses in the transportation sector.
Camelot Venture Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Camelot Venture Group, a private investment group, invests primarily in direct to consumer companies, including online, retail, and more.
Black Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Private Equity Firm, Venture Capital
Investment Stage: Private Equity
Black Ventures, LLC (BV) is an emerging private equity firm that acquires digital media companies in wildly inefficient markets.
Kairos Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Kairos Partners SGR was founded in 1999 as the first independent Italian asset management company.
IncWell
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
IncWell is a private venture capital firm investing on startup and seed-stage companies.
Ally Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Investment Bank, Venture Capital
Investment Stage:
Ally is a leading digital financial services company
Skypoint Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture, Seed
Skypoint Ventures is a venture capital company that works with entrepreneurs and helps get their ideas off the ground.
Stage 2 Innovations
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Stage 2 Innovations invests in startups, growth capital, and second-stage companies that are 18 months or less from creating a technology.
Mars Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Mars Ventures offer early stage investing, like many other venture capital firms.
Invest Michigan
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
Invest Michigan is a non-profit funded by the Michigan Strategic Fund that invests in early-stage high tech businesses located in Michigan.
First Step Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
First Step Fund is a seed- and early-stage fund that aims to invest in high-growth emerging companies.
DTE Energy Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Late Stage Venture
DTE Energy Ventures, a venture capital firm, invests in energy technology companies helping them develop products and nurture businesses.
Social Venture Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Seed
Social Venture Fund, an impact investment fund at the University of Michigan, finances companies based on social and environmental impact.
Southwest Michigan First
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture, Seed
Southwest Michigan First’s unique model of philanthropy and capitalism is internationally recognized from Melbourne to Vancouver.
Griffon Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
Griffon Ventures is a venture capital firm based in Chicago that finances seed stage investments and provides marketing guidance.
Global Technology Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Global Technology Ventures is a venture capital firm.
The Ascent Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
The Ascent Group is a technology investment fund headquartered in Detroit, MI.
P&M Corporate Finance LLC (PMCF)
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Investment Bank, Venture Capital
Investment Stage:
PMCF is an investment bank providing M&A, equity and debt raising, and strategic advisory services to private and public companies.
TGap Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
TGap Ventures is a Michigan-based venture capital firm focused primarily on early-stage investments in high-growth companies.
Hopen Life Science Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Private Equity Firm, Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
Hopen Life Science Ventures is a venture capital firm, investing in the life science and healthcare sectors.
CKM Capital Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Debt, Early Stage Venture, Seed
CKM Capital Partners manages and invests in a diverse portfolio of alternative assets.
Ardesta
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
Ardesta is a private equity and venture capital firm.
Tappan Hill Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Tappan Hill Ventures is a venture capital firm specializing in seed stage, early growth and rare later stage investments.
Wolverine Venture Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Wolverine Venture Fund is a student-run venture capital fund.
MadDog Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
A venture capital firm Based in Birmingham,Mich.
Zell Lurie Commercialization Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Seed
The Zell Lurie Commercialization Fund (ZLCF) is a pre-seed investment fund
Securitas Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Venture
Securitas Capital manages two investment funds with aggregate capital commitments.
Franklin Advisors
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Early Stage Venture
Franklin Advisors is to provide a wide array of executive management and consulting services for small to medium sized companies.
Autonomous Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Autonomous Ventures s future – served up in advance.
XR Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
XR Ventures is a venture capital firm.
RSVP Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
RSVP Capital is a venture capital firm specializing in investment of early stage companies.
Bridge Street Capital Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Bridge Street Capital Partners brings together practical experience, entrepreneurial spirit, operational knowledge, and a sense of purpose.
Narrow Gauge Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Narrow Gauge Ventures invests in passionate entrepreneurs who build companies that take advantage of this dramatic change.
Envy Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Early Stage Venture
Envy Capital is a venture capital firm dedicated to helping talented entrepreneurs build remarkable companies.
Kittycat Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Connects female talent with capital and advisory support to deliver strong returns and release the next wave of business growth
Level Eight Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
Level Eight is a venture capital firm focused on science-based solutions that improve the human condition and physical world.
Innovative Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
IVI designs and builds venture capital (VC) funds that meet the profit and development objectives of their clients.
Biosciences Research and Commercialization Center (BRCC)
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
Biosciences Research and Commercialization Center (BRCC) is a venture capital investment arm of Western Michigan University (WMU).
Michigan Accelerator Fund I
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Accelerator, Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
Michigan Accelerator Fund I is an investment partnership headquartered in Grand Rapids,Michigan.
Keiretsu Forum Mid Atlantic
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Keiretsu Forum Mid-Atlantic offers you access to a wealth of international angel funding opportunities, vetted by business experts with
MINTS
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Seed
MINTS initiative is a $25m venture fund for the University of Michigan to leverage commercialization.
cultivate(MD)
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Venture
cultivate(MD) is a unique, medical venture capital fund.
The Amherst Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
The Amherst Fund offers capital to privately-held Midwestern companies across many sectors.
Hennessey Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
Hennessey Capital is a division of Hitachi Capital America Corp. and offers accounts receivable and inventory financing to fund
Arbor Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Venture
Arbor Partners is a venture capital firm.
Sky7 Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Seed
Sky7Ventures provides seed, venture, and growth-stage funding to the best companies.
Aria Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Aria Ventures is a Michigan-based venture capital company that provides early stage development services.
Momentum
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Seed
Momentum is a Michigan-based incubation program that offers mentorship, infrastructure, and equity investment services for web startups.
Lis Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Early Stage Venture
Lis Ventures invests in ideas and concepts that improve the wellness, vitality and lifestyle of people.
EOS Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage: Seed
EOS Ventures develops and finances renewable energy projects focused on solar and wind technologies.
Michigan Income and Principal-Protected Growth Fund, LP
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Michigan Income and Principal-Protected Growth Fund, LP provides growth debt and funds to firms based in Michigan.
Acquisition Partners Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Investment Bank, Private Equity Firm, Venture Capital
Investment Stage: Early Stage Venture, Private Equity, Seed
Fundraising, Growth and M&A advisory services for industrial and technology based businesses.
K Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
The company has provided businesses, organizations and individuals with technology solutions since 1980.
Clutch Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Seed
A hybrid company, we do two things here; invest in startups by joint venture and develop strong digital assets for long term clients.
Evergreen Capital Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
An investment firm that provides advisory services and co-invests with private equity sponsors under exclusive contractual arrangements.
V5 Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
Venture Capital
HMA Capital Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
HMA Capital Partners is a Michigan-based capital investment fund that focuses on publicly financed healthcare programs in America.
Vineyard Capital Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage:
Vineyard Capital Group was formed to co-invest with Private Equity Funds and High Net Worth Individuals in small to medium-sized
AFD Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
AFD Group provides finance and insurance solutions for automotive dealers and companies.
Becker Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Becker Ventures is a company that specialize in investment services.
Motor City Investments
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Motor City Investments is a boutique firm based in Detroit, Michigan focused on early entry seed rounds.
Voylet Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
VoyLét Capital seeks to invest in entrepreneurs building early-stage, scalable technolog
Colfax Creek
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Private Equity Firm, Venture Capital
Investment Stage: Debt
Colfax Creek takes a long-term approach to investing in “smaller” middle market companies.
Sloan Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Sloan Ventures dedicated to new business development centered around innovative products, technologies, and services.
Compuware Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Compuware Ventures invests capital, creativity and resources in early-stage technology start-ups.
Accelerate Blue Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
The Accelerate Blue Fund is an early-stage venture fund that exclusively invests in University of Michigan licensed startups.
Third Shore Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Third Shore Group is a venture capital firm.
Stromback Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Stromback Ventures is a Venture/Mentor Capital firm that supports the development and commercialization.
Investment Counsel
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Investment Counsel is a company that offers investment advisory services.
ClearTech Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
ClearTech Ventures invests in disruptive emerging technologies across the defense, security, energy, and advanced outdoors markets.
Venture Michigan Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Venture
The Venture Michigan Fund (VMF) is a venture capital fund investment program formed under the Michigan Early Stage Venture Investment Act
ALPS Information Technology Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Late Stage Venture
ALPS Information Technology Fund, LP, is a core company of the Alps Electric North America, Inc affiliated group Alps Electric Co.
Muskegon Angels
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture, Seed
Muskegon Angels is an investor group that focuses on bringing in and keeping businesses in the Muskegon area.
Quantum Medical Concepts
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Quantum Medical Concepts LLC is a venture capital firm specializing in startup and early stage investments.
Dominion Capital Management
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Dominion Capital Management is a company that offers capital management services.
Ralph Wilson Equity Fund LLC
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Ralph Wilson Equity Fund, LLC is a principal investment firm specializing in fund of funds and direct investments.
Insight 2811 Technology Entrepreneur Fund
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Insight 2811 Technology Entrepreneur Fund is a growth capital fund based in Troy, Mich.
Equity 11
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Private Equity Firm, Venture Capital
Investment Stage: Early Stage Venture, Private Equity
Equity 11 invests in and supports companies committed to the protection of United States citizens.
Mantis Holdings
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Venture
Mantis Holdings, Inc. is a venture capital firm focused on investing in environmental and energy-efficiency companies. Mantis Holdings,
Blue Victor Capital
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage: Early Stage Venture
Blue Victor Capital is a venture capital investment firm.
Diallo Group
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Micro VC, Venture Capital
Investment Stage:
Diallo Group is a privately held alternative investment company that manages hedge funds and other pooled investment vehicles.
Sargon Partners
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Sargon Partners is a seed-stage and early-stage venture capital firm.
Stony Creek Ventures
Crunchbase | Website | Facebook | Linkedin | Twitter
Investor Type: Venture Capital
Investment Stage:
Stony Creek Ventures
GIPHY App Key not set. Please check settings