Category: Portfolio Company News

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 […]

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 […]

Ann Arbor, Mich. – XanEdu, a leader in learning content customization and mobile delivery, today announced $8.1 Million in funding from new and existing investors including Plymouth Ventures and Superior Capital Partners. This new investment comes as XanEdu extends its platform for secure mobile content customization and delivery to meet growing demand in the corporate […]

GRAND RAPIDS, Mich., June 29, 2015 /PRNewswire/ — Blue Medora, an innovator in the cloud systems management space, today announced a $4.6 million Series A round of venture capital funding. The round was led by Ann Arbor-based Michigan eLab, with participation from current investors Start Garden, Grand Angels and other equity holders. The investment brings Blue […]

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 […]

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 […]

Delphinus Awarded 510(k) Clearance for Color Imaging with SoftVue™ Automated Breast Ultrasound Unparalleled Tissue Characterization Based on Transmission Signals PLYMOUTH TOWNSHIP, Mich. – December 2, 2014 – Delphinus Medical Technologies, Inc., the first company to design and manufacture an automated whole breast ultrasound system that incorporates circular transducer technology, announced during the annual meeting of […]

Vestaron Corporation, a company that designs environmentally friendly insecticides, announced today the final close of its Series C Financing. Anterra Capital, based in the Netherlands, added $4M to the $10M previously announced to bring total funding to $14M. Anterra Capital is jointly funded by Moonray Investors, the proprietary investment arm of FIL Limited, the parent […]

Chris Sanders Added to Delphinus’ Executive Team as Vice President of Engineering Seasoned Ultrasound Expert to Guide Development Advances PLYMOUTH TOWNSHIP, Mich. – October 14, 2014 – Delphinus Medical Technologies, Inc., the first company to design and manufacture a whole breast ultrasound system that incorporates circular transducer technology, announced today that Chris Sanders has joined […]