Category: MEMBER NEWS

Supply chain technology company continues to push innovation in the marketplace ANN ARBOR, Mich. (September29, 2015). LLamasoft, a supply chain software innovator, announced that it has closed a $50 million Series B financing round with affiliates of Goldman, Sachs & Co.  The minority investment will be used to fund numerous technology development and growth initiatives.  […]

Three Leaf Ventures’ Sean Kearney readily traded one venture capital hotbed for another, in a move from Denver, Colorado to Ann Arbor this year.  What the three-time Boston marathoner isn’t sure about is if the lower elevation of Southeast Michigan makes up for the higher humidity he’s now running through 100 miles a week.  He says: ““Your […]

Great Lakes Angels is hosting the Angel Investing Overview, an Angel Resource Institute education program on angel investing, at UHY Advisors (27725 Stansbury Blvd., Suite 100, Farmington Hills, MI 48334) on December 3rd. Angel Investing Overview (AIO) is the leading seminar for educating angel investors, entrepreneurs, and startup support professionals about how to execute the angel investment […]

FARMINGTON HILLS, MICH. (September 10, 2015)— Beringea, a private equity firm providing growth capital to market-leading businesses, is pleased to announce a follow-on investment in Delphinus Medical Technologies, Inc., the leader in advanced breast ultrasound technology.  The company has secured an unprecedented Series C funding round of $39.5 million, the single largest amount ever raised for a […]

Ann Arbor, MI (September 14, 2015) – Arboretum Ventures, a leading healthcare venture capital firm, today announced the closing of its fourth fund with capital commitments of $220 million, which nearly doubles the firm’s capital under management to $450 million. Arboretum IV is the largest venture capital fund ever raised in Michigan and one of […]

The road from company formation to successful exit is a tenuous one, even when the startup is well-capitalized and quickly finds a profitable niche in the marketplace. For a biotech company developing drug therapies, their survival to test the drug safety and efficacy for many years, sometimes a decade or more, is highly dependent on […]

GRAND RAPIDS, Mich., March 26, 2015 — Steelcase, Amway, Faurecia, Meijer, Spectrum Health and Priority Health have joined Start Garden, the unconventional, early-stage, venture capital fund, to announce the Seamless Coalition and Accelerator, a first-of-its kind collaboration which will bring the enterprises together with startups and entrepreneurs to create the next generation of connected devices. Dubbed […]

Source: Xconomy Though Michigan’s startup community has experienced a ton of growth in the past 10 years, the state remains a place that is “underserved” when it comes to investment capital, says Chris Rizik, CEO and fund manager at Renaissance Venture Capital. With that in mind, Renaissance partnered with the Michigan Venture Capital Association for […]

By Sean Maday, Program Director, Patriot Boot Camp The concept of building great things appealed to my roots as a Michigander. For generations the people of Michigan have engineered great automobiles and built magnificent office furniture. It is exciting to see how this expertise in product development is influencing a new era of technology development […]

Michigan-based battery innovator Sakti3, Inc. (www.sakti3.com), a portfolio company of private equity investor Beringea, will participate in the inaugural White House Demo Day on Tuesday, August 4, 2015. The event will be hosted by President Barack Obama at the White House, and will celebrate the important role entrepreneurship plays in America’s economy. Unlike a private-sector Demo […]