GRAND RAPIDS – Michigan Capital Network has submitted filings with the Securities and Exchange Commission to increase the total investment amount of its Fund IV from $25 million to $35 million. MCN is the state’s largest association of regional angel investing groups and the management entity for four venture capital funds. “This expansion reflects the
EAST LANSING - Conquer Accelerator is a 10-week program starting on June 6th and running through August 12 that provides funding and training for startup entrepreneurs. As a member of the cohort, teams receive: $20,000 in funding Access to mentoring and professional services Resources, support, and startup programing Access to follow-on funding after program ends
PLYMOUTH - Comcast Corporation has expanded its Comcast RISE program to all women-owned businesses nationwide, furthering its efforts to advance digital equity and help provide underrepresented small business owners with access to the digital tools and funding they need to thrive. Comcast RISE, which just celebrated its one-year anniversary last November, remains open to racially and ethnically diverse
ANN ARBOR - Renaissance Venture Capital DEI UnDemo Day® will bring together some of the region’s top early-stage companies and technologies for a virtual event with venture capital investors from around the country. Chris Rizik, who manages the Renaissance Fund, provides the back story in this video interview. He said this is the first UnDemo
DETROIT – Louisville-based Protect Environmental, an environmental consulting company, has been acquired by Rockbridge Growth Equity, the Detroit-based private equity investor. This acquisition is part of a series of investments by Rockbridge related to its national environmental services platform, currently operating as RB Home Services. The platform provides property owners and developers, lenders, real estate
GRAND RAPIDS — Food, technology and recycling startups were among the 10 winners to receive individual $20,000 awards at this year’s 100 competition hosted by Grand Rapids-based business incubator Start Garden LLC. Start Garden officials say this year’s event was competitive after more than 650 entrepreneurs submitted ideas to be selected for funding. In August, the
DETROIT – Rocket Mortgage Detroit Demo Day today announced the 15 finalists competing for a share of more than $1 million in funding in their fifth annual entrepreneurship competition – one of the largest of its kind in the U.S. The 15 finalists, representing a broad segment of industries, were chosen out of over 100
ANN ARBOR—Channels Inc., developers of online event planning software, announced it landed a $520,000 seed round, led by Sahra Growth Capital, bringing its total funding so far to $571,800. Founded by a youthful trio—Siddharth Kaul (18), Elan Rosen (20), and Ibrahim Mohammed (20)—Channels helps organizations navigate through physical work, starting in the event industry. Jamal Al-Barrak, the managing
TROY - Algo announced it has received a multi-million dollar investment from Plymouth Growth, an Ann Arbor private equity finance company. This new capital and strategic partnership will allow Algo to deepen its market penetration and increase sales and marketing capabilities. Details were not announced. Algo is a SaaS solution provider used by enterprise businesses,
JACKSON—The Michigan Credit Union Foundation, True Community Credit Union, and Henry Ford Allegiance Health have jointly donated $100,000 to The Launch Pad, a mixed-use business incubator program in Jackson. The Launch Pad encourages the formation of local, neighborhood, and service-based businesses, and provides resources, education, and space to serve underserved and underrepresented communities in business.
