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
“Molly” Your Calendars!
Hi, MVCA Members! It’s MVCA Events & Program Manager, Molly Theis, here to encourage you to get connected in 2017! MVCA wants to keep you updated about events happening in Michigan’s entrepreneurial and investment community. We not only want you to attend our events, but also events hosted by your fellow MVCA Members! Coming up, there’s exciting conferences,… read more
Renaissance Expands Network with Investment in Venture Capital Fund Next Coast Ventures
MVCA Member, Renaissance Venture Capital Fund (RVCF), Michigan’s venture capital fund-of-funds, announced its investment in Austin-based Next Coast Ventures. Next Coast Ventures is a highly-regarded venture capital fund that backs early-stage technology businesses around the U.S. and is a new member of MVCA! This is the 25th investment made by the Renaissance Venture Capital Fund. Share on… read more
“Molly” Your Calendars!
Dear MVCA Members, It’s MVCA Events & Program Manager, Molly Theis, here to encourage you to stay involved in the community in 2016! MVCA would like to keep you “in the know” regarding the various events going on in the Entrepreneurial & Investment Community. We not only want you to attend our MVCA Events, but… read more
Member News: Renaissance Venture Capital Fund earns prestigious recognition, adds staff
The Renaissance Venture Capital Fund (RVCF), Michigan’s innovative venture capital fund-of-funds, today announced the prestigious recognition of its founder and CEO in the area of entrepreneurship, as well as the addition of two new team members. Ernst & Young has named RVCF Chief Executive Officer Chris Rizik as a finalist for its Entrepreneur of the… read more
2016 Follow On Recap
MVCA Executive Director Maureen Miller Brosnan opened the 2016 Michigan Growth Capital Symposium (MGCS) with a startling statistic from the 2016 MVCA Research Report: for every dollar invested by a Michigan venture firm, $4.31 is attracted from a venture firm outside of Michigan. That important out-of-state investment activity is supported by events like MGCS, where “MVCA members… read more
Member News: Millendo Licenses Phase 2 from AstraZeneca and Secures Series B Financing of $62 Million
ANN ARBOR, Mich., Jan. 5, 2016 – Millendo Therapeutics, Inc., today announced that it has entered into an exclusive license agreement with AstraZeneca for the worldwide development and commercialization rights to AZD4901, a product candidate for the treatment of polycystic ovary syndrome (PCOS), the most common endocrine disease in women. The Company will develop the… read more
MEMBER NEWS: Renaissance Venture Capital Fund adds investors, closes second fund-of-funds
From Tom Henderson, at Crain’s Detroit Business: The Ann Arbor-based Renaissance Venture Capital Fund has received almost $14 million in commitments from three new corporate and institutional investors and has closed its second fund at $79 million. The new investors are Benton Harbor-based Whirlpool Corp., the East Lansing-based MSU Foundation and Livonia-based Roush Industries Inc., according to fund manager and CEO Chris… read more
ArborMetrix Receives Additional $1.3 Million in Series B Financing From Renaissance Venture Capital Fund and Detroit Innovate Fund
ArborMetrix announced that it has increased its Series B financing by $1.3 million to allow Renaissance Venture Capital Fund and Detroit Innovate to participate.