Category: MEMBER NEWS

MVCA member and Arboretum Ventures managing partner and cofounder Jan Garfinkle has experience leading a venture community, as Chairperson of the MVCA Board in 2008-2009. But she’ll have a new, larger constituency to represent now that she’s been elected to the National Venture Capital Association’s 2015-2016 Board of Directors. Her appointment is another indication that […]

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 […]

Angel investors might invest in one of every 100 opportunities that come before them—long odds for a startup, for sure. Ann Arbor-based RetroSense Therapeutics, a privately-held biopharmaceutical company, had already beat those odds, having raised $7 million in a 2014 angel-led Series A financing round that included Midland’s Blue Water Angels Investment Network. But the […]

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 […]

FOR IMMEDIATE RELEASE:   START GARDEN EXPANDS VENTURE CAPITAL FUND,  ACCEPTING APPLICATIONS TO THE START GARDEN SPACE GRAND RAPIDS, Mich., February 9, 2015—In fewer than three years, Start Garden, the unconventional, early-stage, venture capital fund, has transformed Michigan’s startup ecosystem. Today the organization announced it has increased the amount of its cumulative investment limit from $500,000 […]

FOR IMMEDIATE RELEASE Heather Rone Joins Delphinus as Clinical Affairs VP Strategic Addition to Fuel Clinical Research Endeavors PLYMOUTH TOWNSHIP, Mich. – January 27, 2015 – Delphinus Medical Technologies, Inc <http://www.delphinusmt.com/> ., developer of SoftVue™, the first automated whole breast ultrasound system to gain FDA clearance using volumetric circular transducer technology, announced that Heather Rone […]

Xtime, a leading provider of service scheduling and workflow software to more than 6,000 auto dealerships worldwide, has been acquired by Cox Automotive for $325M. Cox Automotive acquired Xtime to further its goal of assisting dealers to become more efficient and profitable enterprises. With the acquisition, Cox Automotive will be able to offer software for the back end of […]

Fontinalis Partners Transports Techstars Mobility to Detroit Accelerator Will Help Launch the Next Generation of Mobility Technologies  DETROIT, MI – December 11, 2014.  Fontinalis Partners (www.fontinalis.com), a venture capital firm strategically focused on Next-Generation Mobility, today announced its participation in Techstars’ newest accelerator program: Techstars Mobility, driven by Detroit.  Fontinalis, in collaboration with other firms […]

Ford Drives Mobility Innovation with Launch of Startup Business Incubator in Detroit Ford supports launch of Techstars Mobility, driven by Detroit, a startup business accelerator program to foster innovative transportation solutions that help alleviate growing global challenges, such as traffic congestion, parking availability and pollution 10 startup companies will be selected from across the country […]

Ann Arbor, MI (Dec. 3rd 2014) — Plymouth Ventures was the lead investor on a $4.5 million Series D round in Indianapolis-based, CloudOne.  Current investors are also taking part in this round of financing. CloudOne is a leader in bringing enterprise applications to the cloud.  This fresh capital will fuel the expansion of the company’s […]