DETROIT–Tiicker, which claims to be the world’s first shareholder loyalty and engagement platform, announced it has closed on a $5 million seed funding round, led by Grand Rapids-based Baysore Advisory Group, East Lansing-based Red Cedar Ventures, and Flipturn Ventures, with participation from a group of tech and consumer CEOs and family offices. The Tiicker financing
TROY – Automation Alley announced Tuesday it has made an investment in Ulendo, a software services company focused on delivering advanced solutions for manufacturing automation. Automation Alley is making the investment through the Industry 4.0 Accelerator, the nation’s first Industry 4.0-specific accelerator. Automation Alley’s investment was part of a $1 million seed round made along
NOVI – Michigan Electric Transmission Company, a wholly owned subsidiary of ITC Holdings Corp., announced its intent to construct, own and operate new transmission line projects in Michigan which are expected to provide Michigan ratepayers with more than $6 Billion in economic benefits while creating approximately 4,100 jobs across Michigan by 2030. Approximately 110 miles
ANN ARBOR—Officials at Kraig Biocraft Laboratories Inc. announced the company had received an additional $1.5 million in capital from YAII PN Ltd., a fund managed by Yorkville Advisors Global LP, a private equity firm in Mountainside, N.J. The $1.5 million received this week is the second half of a $3 million fund agreement signed with
ANN ARBOR - Genomenon Thursday announced the completion of a $20 million Series B financing round. The funds will expand the company’s commercial operations and the development of its genomic data hub, which serves genetic testing labs, hospitals, pharmaceutical and biopharma companies. Genomenon leverages AI (Artificial Intelligence) to organize the world’s genomic knowledge and put it
LANSING - Gov. Gretchen Whitmer seeks to inject $200 million into Michigan technology startups using federal pandemic relief funds, as part of a broader $1.52 billion proposal for using federal American Rescue Plan Act funding that Congress approved in March. Whitmer’s Startup Resiliency Initiative would put $140 million into direct equity investments in tech startups
BRIGHTON – Medical device maker FlexDex announced Monday it has completed a $13 million Series AA funding round for next generation advanced laparoscopic devices. The financing will be used to fund development of the Company’s next generation articulating needle driver for endoscopic suturing and a full suite of advanced laparoscopic instruments with robotic functionality. The
GRAND RAPIDS—MaxOne, a Grand Rapids-based online youth coaching startup, announced it had raised $3.5 million in Series A financing. The round was led by Stadia Ventures, a St. Louis-based sports and eSports venture firm, and also included NBA star Chris Paul, the Piquet Family Office, a minority owner of the Texas Rangers, and the Grand
DETROIT – Hercules Electric Vehicles is opening a $20 million Series A investment round managed by CMD Global Partners, a boutique investment bank. James Breyer founded Hercules Electric Vehicles in 2018 with a vision to bring luxury eco-utility products to market, beginning with an electric pickup truck and followed by other exciting electric mobility products.
ANN ARBOR - University of Michigan spin-out robot developer Refraction AI has raised $4.2 million in seed funding. The company in 2019 created the REV-1 robot, a lightweight, self-driving robot that delivers food and groceries to Ann Arbor residents. Customers can order deliveries from Cafe Zola, Miss Kim, The Jagged Fork, Ray’s Red Hots, Tios Mexican Cafe and
