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Category: Portfolio Company News

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2022 MVCA Research Report

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April 03 Boston Scientific Acquires Arboretum Ventures’ Portfolio Company, NxThera

Exciting news! Arboretum Ventures’ portfolio company, NxThera, was acquired by Boston Scientific in a $400 million deal for its treatment of benign prostatic hyperplasia (BPH). According to the 2017 MVCA Research Report, while Michigan venture funds are investing in a variety of sectors, the life science sector continues to be a focus of capital deployment with 42 percent […]


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March 01 Entrepreneur Spotlight: Autobooks CEO & Co-Founder, Steve Robert Discusses Company Growth

In February, Detroit-based fintech startup Autobooks announced it raised $10 million in a Series A1 funding round! Investors included Draper Triangle, Baird Capital, Detroit Venture Partners, Invest Detroit and Invest Michigan. Autobooks provides online invoicing, payment and accounting software for the business customers of banks and credit unions. We spoke with Autobooks CEO and Founder, Steve […]


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Quikly
May 24 Entrepreneur Spotlight: How Detroit Startup Quikly Found Fast Success in Michigan

Quikly is a Detroit-based information technology startup that offers a digital marketing platform for retailers that provides limited time deals and discounts. This startup company secured investment from Detroit Venture Partners and went on to receive additional support from Plymouth Growth Partners. “The investment and expertise from our Michigan investors were pivotal to our company’s […]


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Llamasoft
May 11 Augment Ventures Looks to Future & Finds Success Investing in Ann Arbor

Venture capital firm and MVCA member, Augment Ventures, announced today that their team still proudly supports LLamasoft and has maintained their investment in the Ann Arbor-based startup company following the news that TPG Capital, the global private equity fund of leading alternative asset firm TPG, partnered with LLamasoft. With over 700 customers around the world, LLamasoft provides innovative […]


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April 21 MySwimPro Named Best Apple Watch App of the Year, Launches WeFunder Campaign

MySwimPro is an Ann Arbor-based information technology startup that helps swimmers and triathletes achieve their goals through custom workouts, structured training plans, and coaching.  The company grew out of the Desai Accelerator and employs 3 people in Michigan.  MySwimPro recently was named the 2016 Apple Watch App of the Year, won the grand prize at the […]


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Hacker Fellows
February 17 Hacker Fellows Kicks Off Third Year – Let the Matchmaking Begin!

Hacker Fellows is kicking off its third year of supporting the Michigan tech ecosystem by providing vetted junior development talent to the state’s most promising startups! Hacker Fellows, managed by Invest Detroit Ventures, is a tech talent retention program incentivizing recent computer science graduates from top-tier universities to work for Michigan tech companies. Our 15 […]


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December 20 Nokia to acquire Deepfield to power network and service automation with real-time, big data analytics

A global communications company looked to a Michigan venture-backed startup for a world-class solution to a 21st century problem, as Nokia announced plans to buy Ann Arbor-based Deepfield, a provider of real-time analytics for IP network performance management and security. The acquisition of Deepfield will extend Nokia’s leadership in real-time, analytics-driven network and service automation, […]


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October 27 BERINGEA CO-LEADS $15.2 MILLION SERIES F ROUND IN PORTFOLIO COMPANY INCONTEXT SOLUTIONS

Intel’s strategic investment and M&A group Intel Capital is new investor in company FARMINGTON HILLS, MICH. (October 26, 2016)— Beringea, Michigan VC firm and MVCA member, and Intel Capital co-led a $15.2 million funding round for portfolio company InContext Solutions, a global leader in virtual reality (VR) solutions for retailers and manufacturers.  The capital will help […]


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Mina Sooch, Gemphire
August 05 Gemphire Therapeutics Announces Initial Public Offering

Gemphire Therapeutics Inc., a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for the treatment of dyslipidemia, a serious medical condition that increases the risk of life threatening cardiovascular disease, and NAFLD/NASH (nonalcoholic fatty liver disease) today announced the pricing of its initial public offering. The shares are expected to begin trading on the […]


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June 24 Investor Member News: Quikly Secures $3 Million In New Capital Led By Plymouth Ventures

The marketing platform drives proven and immediate ROI for consumer brands. Quikly, an industry-leading enterprise marketing platform, announced today that it closed $3 million in new funding led by MVCA member, Plymouth Ventures! Founded in 2012, Quikly has become a high-performing innovator in the retail digital marketing space, posting sales growth of 200% over the […]


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