BLOOMFIELD HILLS - While national venture capital investing decreased in 2022, Michigan continued to show strength with $1.2 billion invested into Michigan-based companies--an increase of 12 percent over 2021. Within the Great Lakes region, Michigan has been accelerating in venture capital activity with a growth rate of 13.7 percent since 2006, slightly higher than the
GRAND RAPIDS – Michigan Capital Network (MCN), the state’s largest association of regional angel investing groups and the management entity for four venture capital funds, announced today it has named Sapna Patel as a principal with the investment organization. She becomes the third principal added to the firm since the start of 2023. Patel brings
ANN ARBOR - Michigan Venture Capital Association, the trade association for the venture capital and angel community in Michigan, announced the re-launch of its 2023 Venture Fellows Program. Thanks in part to a $500,000 grant from the Michigan Strategic Fund with support from the Michigan Economic Development Corporation, the MVCA is positioned to provide matching
ANN ARBOR - The Michigan Venture Capital Association celebrates its 20th anniversary in 2022 with a new report on the state of Venture Capital in Michigan. Details are provided by MVCA Executive Director Ara Topouzian in this interview with Mike Brennan and Matt Roush. To read the full report, click on MichiganVCA.Org https://youtu.be/RQKQDRHdG5Y
ANN ARBOR - Renaissance Venture Capital has helped attract $2.3 billion in investments for 78 Michigan companies through its portfolio and capital attraction activities. Renaissance also announced that the 55 Michigan companies in its portfolio have raised $2.17 billion to date, or more than $13 for every dollar invested by Renaissance. This is more than
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
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
ANN ARBOR - The State Of Michigan will receive $237 million for business loans and funding for Venture Capital companies, part of a $10 billion national program from the Biden Administration. Last week, the Michigan Strategic Fund approved the new program that could start pumping money into Michigan businesses by spring, said Chris Cook, Director
GRAND RAPIDS - Nearly $237 million in federal funding coming to the state is planned to support small businesses in Michigan through lending initiatives and equity investments in venture capital funds. The Michigan Economic Development Corp. aims to deploy the federal funding across five programs, including investing $75 million in one or more venture capital funds
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
