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 […]
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 […]
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 […]
Josh Lin may be concluding his MVCA Venture Fellowship, but the familiar face on the Michigan venture scene won’t be leaving anytime soon. In addition to his continued role at RPM Ventures, Josh will still serve as a mentor for Desai Accelerator and Coolhouse Labs and work with Nexecon Consulting Group, a student-run, not-for-profit that he co-founded […]
What happens when you have four world-class accelerators in one location? “Demo Day” turns into “Demo Week”. On September 9-11th, Detroit Venture Partners, Bizdom, Techstars Mobility, Coolhouse Labs, and Desai Accelerator will collaborate to host Demo Week. Each organization has attracted companies from across the globe to join an intensive program designed to give them […]
This is part three in a four-part series highlighting the Michigan organizations participating in 2015 Demo Week, a series of presentations where the latest cohorts of companies that have completed an accelerator program present to investors. Demo Week participant organizations include Coolhouse Labs, Desai Accelerator, Techstars Mobility, and Detroit Venture Partners. Today, Ted Serbinski, Managing Director of Techstars Mobility, talks about his […]
Congratulations to IncWell Venture Capital’s Reda Jaber, named today to the Crain’s Detroit Business “20 in their 20s” list! Great work Reda! Timing was everything for Reda Jaber. He was finishing his M.D. last year and had a 9 p.m. deadline to submit his preferred list of residencies. He was about to hit the “send” […]