2019 MVCA Research Report

Strong Michigan venture firms are a critical factor in the success of Michigan startups. With Michigan venture investors backing nearly every Michigan venture-funded startup, the health of our state’s entrepreneurial economy hinges on our ability to provide capital to our high-growth, high-potential companies.

Download the 2019 MVCA Research Report Here!

Key Findings:

  • There are 140 venture-backed startups in Michigan, an increase of 37 percent over the last five years.
  • 61 Michigan-based startups received $385 million from Michigan venture capital firms.
  • There are currently 18 startup companies in Michigan led by a CEO who is a racial minority, a 125% increase over the last five years.
  • Every dollar invested by a Michigan startup by a Michigan venture capital firm attracts $7.85 of investment from outside of Michigan.
  • There are 27 venture capital firms headquartered or with an office in Michigan.
  • Total venture capital under management in Michigan is $3.7 billion.
  • 533 venture firms from outside of Michigan have invested in Michigan-based startups.
  • In Michigan, 84 startups raised over $52 million from angel investors.