DETROIT - The Quicken Loans Community Fund has partnered with the City of Detroit and Rebrand Cities to provide a digital accelerator to 100 Detroit small businesses. The four-week virtual course will provide all the resources and instruction necessary for small businesses to build out a functioning website with an e-commerce shop that they will
ANN ARBOR - Michigan Angels closed a $2 million Angel 4 Fund on December 31 from 49 investors. Manager Skip Simms said five investments were made from that fund, with five more planned over the next 18 months. Those five investments include: Akadeum Life Sciences (Ann Arbor) SkySpecs (Ann Arbor) Ripple Scientific (Ann Arbor) Facility
BIRMINGHAM - Birmingham Angels, part of CitySide Ventures, invested $518,000 in startups from September to December 2019. Among the companies, the group is invested in Commando Lock, REZA, Cask & Kettle, Adlore Inc, FanLabel and Club Caddie and few others that are in the process. “We are noticing a significant increase in the level of
SOUTHFIELD—Tier 1 auto supplier Lear Corp. announced an undisclosed investment in Menlo Park, Calif.-based Autotech Ventures to support startups developing new mobility technologies. The investment is being made through Lear Innovation Ventures, which was launched a year ago, to identify advanced development teams and early stage technologies and provide direct capital to innovation initiatives. Autotech
GRAND RAPIDS — Grand Ventures led an investment round in CRE Simple Inc., an Oakland, Calif.-based fintech firm focused on commercial real estate. The Grand Rapids venture capital firm led the round with Fin Venture Capital in San Francisco. Two Chicago-based firms, Darkknight Ventures and Sandalphon Capital, along with Durham, N.C.-based Duke Angel Network and other private investors
DETROIT—Huron Capital announced its IT products and services business unit, Santa Clara, Calif.-based InterVision, has acquired SeyVu, a Folsom, Calif.-based company that specializes in machine learning and artificial intelligence, and all of its related interests, assets and intellectual properties. SeyVu’s data analysis capabilities include fraud prevention, voice of customer, supply chain, market research, investment research, brand
ROYAL OAK—OncoCell MDx Inc., a startup incubated at Harvard University to develop sophisticated cancer diagnosis from a simple blood sample, has raised $22.2 million in a Preferred Series B funding round. The financing was led by San Francisco-based Savitr Capital LLC, with participation from existing investors. OncoCell began operations in 2013, and since then has
LANSING—Projects expected to generate more than $500 million in total investment received support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced today. Besides the massive $80 million redevelopment of a former paper mill in Vicksburg (see story), the following projects were announced: Knauf Insulation North America Inc. received a $204,000 million Michigan Business
FARMINGTON HILLS—Ocuphire Pharma Inc., a clinical-stage pharmaceutical company developing therapies to treat patients with a variety of ophthalmic disorders, announced that it has closed on over $5 million of financing. Investors include Jackson-based RBI Opportunities Fund, Douglas, Mich.-based Belle Capital Fund, Grand Rapids-based Grand Angels Fund, Farmington Hills-based First Capital Fund, Ann Arbor-based Michigan Angel
DETROIT—The Detroit startup “stock market of things” StockX announced the largest venture capital raise in Michigan history, a $110 million Series C financing round that values the company at more than $1 billion. Participating in the investing round were Hong Kong-based DST Global, New York City-based General Atlantic, and Menlo Park, Calif.-based GGV Capital. The company also
