Bank of Ann Arbor Shares Benefits of a Capital Call Line of Credit for VCs

Michael Cole is part of Bank of Ann Arbor’s Technology Industry Group. In this guest blog post, he shares why a capital call line of credit can give venture firms predictable cash flow and investing agility featuring commentary from MVCA members Renaissance Venture Capital Fund, Arboretum Ventures and Augment Ventures. Bank of Ann Arbor is a… read more

Research Series Post 1: Is Lack of Seed Stage Capital Hindering Michigan’s Economy?

MVCA is excited to kick off the first post in our research report series! These posts are developed from the findings identified in the 2017 MVCA Research Report. Like last year’s series, we are turning to Michigan’s entrepreneurial and investment community to hear their perspective on a specific trend. This week, we explore the topic of… read more

SkySpecs’ Drones Takes Off with $3.0 Series A Funding from Strong Great Lakes Region Syndicate

ANN ARBOR, Mich. – Nov. 9, 2015 – SkySpecs, Inc., an industry leader in drone collision avoidance and provider of an automated drone infrastructure inspection platform, announced today that it raised $3.0 million in a Series A round led by Venture Investors. The Series A round also included new investment from Huron River Ventures, Amherst… read more

MEMBER NEWS: HRV Announces $5mm Opportunity Fund

HRV is pleased to announce a $5 million Opportunity Fund. It will co-invest alongside of HRV I in the later stage growth rounds of our portfolio companies. The fund is similar to other Opportunity Funds by leading venture capitalists including Mark Suster, Fred Wilson, and Brad Feld. Opportunity Funds are the industry’s response to companies… read more

New MVCA Board Member Ryan Waddington bring Michigan into focus for national VC community

As the Michigan representative of a national venture firm, Arsenal Ventures Partner, Ryan Waddington, regularly finds and touts great Michigan companies to the rest of his nationwide team.  “I help promising Michigan-based companies find capital, both inside and outside of the state.  Nothing spreads the Michigan message better than great Michigan companies that can attract capital from the traditional… read more

MEMBER NEWS: Huron River Ventures portfolio news

Sidecar Raises Another $15 Million, Adds Sir Richard Branson As Investor San Francisco-headquartered ridesharing startup Sidecar, which competes with on-demand car services like Uber and Lyft, announced it has raised an additional $15 million in funding. The new round comes from existing investors Avalon Ventures and Union Square Ventures, and includes participation from new investor… read more

MEMBER NEWS: Daimler Acquires RideScout

moovel GmbH, a subsidiary of German car giant Daimler, has acquired Huron River Ventures portfolio company RideScout, which offers a mobile app for transportation choices in cities. The move is part of Daimler’s continued push beyond car manufacturing and into developing technology for urban mobility, as a next generation of city-dwellers is increasingly giving up on car… read more

Huron River Ventures Invests In Digital Cleantech, Michigan’s Future

Huron River Ventures is on track to finish fundraising in the $12 million range. The firm is keen on investing in energy efficiency technologies, digital cleantech.

NEWS RELEASE: Michigan Venture Capital Association celebrated award winners, appoints 2011 Board of Directors at annual dinner Nov. 15

ANN ARBOR, Mich.—Celebrating “A Year of Exits”, the Michigan Venture Capital Association held its annual awards dinner for its members and guests November 15 in Ann Arbor.  The statewide membership organization honored several Michigan venture firms as well as venture capital recipient companies for their successes: MVCA “Michigan 100” Award winner Cerenis Therapeutics of Ann Arbor,… read more

PRESS RELEASE: Michigan Venture Capital Association’s Fund Development Program awards available to MEDC Accelerator Fund winners

ANN ARBOR, Mich. (September 30, 2010)—The Michigan Venture Capital Association (MVCA) will award up to $50,000 in grants and loans to both Huron River Ventures and Michigan Accelerator Fund I, winners of the Michigan Economic Development Corporation’s Accelerator Fund program.  The MVCA award provides support for the funds’ organizational costs excluding salaries.  In addition, the… read more