2019 Detroit Entrepreneurial Ecosystem Report Highlights the Growth of Detroit’s Startup Community

By Emily Heintz, Managing Director, EntryPoint After five amazing years at the Michigan Venture Capital Association (MVCA), I’m so pleased EntryPoint is able to strategically collaborate on initiatives with MVCA, such as the MVCA Research Report and the MVCA Annual Awards Dinner, that continue to be significant highlights in the Midwest entrepreneurial ecosystem. Recently, EntryPoint… read more

Beringea Leads Regulatory Compliance Software Platform Complion Series B Round

Complion is the leading eRegulatory compliance solution for high-performing clinical research sites Beringea, a global private equity firm providing growth capital to high potential businesses, has led a $7 million Series B investment in Cleveland-based Complion, an electronic regulatory compliance (“eRegulatory”) solution for high-performing clinical research sites. The additional capital investment will help Complion extend… read more

MVCA Annual Awards Dinner Nominee Cirius Therapeutics Plans IPO

Cirius Therapeutics seeks $86 million IPO. The company was nominated for Capital Event of the Year at the 2017 MVCA Annual Awards Dinner. Founded in 2015, Cirius Therapeutics is a life science startup with research and development operations in Kalamazoo, MI. Formerly known as Octeta, the company is a spin-out of Metabolic Solutions Development Company’s clinical assets…. read more

Renaissance Venture Capital Fund Closes Third Fund with $81M of New Capital

Renaissance Venture Capital Fund (Renaissance), Michigan’s ground-breaking venture capital fund-of-funds, announced the closing of its third fund, with $81 million of new capital. The innovative network fund is the largest of its kind in the United States, now with a total of $205 million raised since its inception in 2008. Renaissance Fund III leverages the… read more

Renaissance Venture Capital Fund

Renaissance Venture Capital Fund Attracts More than $1.3 Billion Dollars of Investment to Michigan Startups

Renaissance Venture Capital Fund, Michigan’s innovative venture capital fund-of-funds, announced the fund’s economic and social impact on the state of Michigan. Highlighting these metrics is the fund’s successful attraction of more than $1.3 billion into Michigan’s startup ecosystem. Since Renaissance launched in 2008, it has invested in 30 venture capital funds around the United States,… read more

Chris Rizik_Renaissance Venture Fund
Jeff Wesley, Executive Director of Red Cedar Ventures

Exclusive Q&A: Red Cedar Ventures Executive Director, Jeff Wesley

In January, Jeff Wesley was named executive director of Red Cedar Ventures! Prior to joining Red Cedar Ventures, he was the CEO of Two Men and Truck International. He also served as the President of Accu-Bite Dental Supply, after beginning his career at Deloitte. Wesley has significant experience in leading and scaling private companies to record success. In… read more

Chris Rizik_Renaissance Venture Fund

Houston Launches First Fund of Funds Based on Michigan Model

Renaissance Venture Capital Fund announced during its annual meeting in October that Houston has launched its first fund of funds based on the best practices model developed by Renaissance CEO and Fund Manager, Chris Rizik. Renaissance has set the standard for success with its model that has outperformed national benchmarks for the rate of return… read more

Delphi Acquires Mobility Company, nuTonomy, for $450 Million!

This week, Delphi Automotive announced the acquisition of nuTonomy for $450 million. MVCA member and past winner of The “100” Award, Fontinalis Partners, first invested in the nuTonomy’s seed round in November 2015 and significantly expanded its position in the company’s Series A round the following year. Chris Thomas, founder and partner of Fontinalis Partners, served… read more

Exclusive Q&A: MSU Foundation Shares Why Capital is Essential for Entrepreneurs

It’s been a busy year for MSU Foundation since the formal launch of Red Cedar Ventures in 2016! The fund deployed over $1M in seed and follow-on funding in 20 separate transactions to entities involved in commercializing technologies created at Michigan State. Michigan Venture Capital Association spoke with MSU Foundation Executive Director, Dave Washburn, to… read more

Chris Rizik_Renaissance Venture Fund

Congratulations, Chris Rizik! Winner of EY Entrepreneur of the Year Award

EY announced that Chris Rizik, CEO of Renaissance Venture Capital Fund, has received the Entrepreneur of the Year 2017 Award! The awards program, which is celebrating its 31st year, recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. Chris won the award for the… read more