January 8, 2014 @ 12:37 pm
Ann Arbor, MI— Plymouth Ventures had an active fourth quarter making follow-on investments in four of its portfolio companies out of Plymouth Venture Partners Fund II. These investments were in the following companies:
• InContext Solutions – a software company that supplies virtual simulation software to the market research industry, based in Chicago, Illinois. www.incontextsolutions.com
• 365 Retail Markets – a Troy, Michigan-based software and hardware provider to vending operators that are putting in unmanned “smartshops” into locations currently served by large vending machine banks. www.365retailmarkets.com
• UICO – a multi-featured touchscreen developer that provides highly durable touchscreens that can be used with gloves and while wet, based in the Chicago suburbs. www.uico.com
• IDV Solutions – a visualization software company that specializes in the physical security space. Multiple Fortune 100 companies use IDV’s product to manage their physical security operations. IDV is based in Lansing, Michigan. www.idvsolutions.com
Each of these companies was funded in response to their significant growth opportunities. Mark Horne, Plymouth Venture’s Chief Executive Officer, commented, “As the PVP II portfolio continues to mature, we are pleased to see our companies grow and develop new opportunities for investment. We love to put more money to work with these winning teams. Each of these companies has created significant value since we originally invested in them. We are excited to partner with them and continue to fund their growth.”
About Plymouth Venture Partners II, L.P.
Fund II is a follow-on fund to Plymouth Venture Partners Fund I. PVP I became fully invested in 2009 after completing investments in 29 companies. Plymouth Venture Partners II invests in growth stage companies in the Great Lakes region. For more information, please visit www.plymouthvc.com.
About Plymouth Ventures
Plymouth Ventures is the manager for Plymouth Venture Partners I and Plymouth Venture Partners II. The company has four partners, Mark Horne, Ian Bund, Jeff Barry, and Kevin Terrasi. It is headquartered in Ann Arbor, Michigan. For more information, please visit www.plymouthvc.com.