Category: News

Through its two annual Business Plan Competitions, GLEQ offers Michigan’s new ventures entrepreneurial education, one-to-one coaching, connections to resources, and exposure to investors. The Spring GLEQ Business Plan Competition features cash prizes up to $25,000 and the $100,000 SmartZone Award!

Ann Arbor-based Molecular Imaging, Inc. closed its Series A financing round at $9.9 million. The company has secured a $2.5 million investment from Beringea through the $185 million InvestMichigan! Growth Capital Fund plus another $350,000 from existing shareholders Baird Venture Partners (BVP) and Invest Detroit.

MVCA Board Member Jon Lauckner has been named by General Motors vice president and chief technology officer (CTO), effective April 1. In addition to his current position as president of GM Ventures, Lauckner will be responsible for GM’s Research and Development activity.

We’re proud to introduce our new board chair, Tim Petersen. Tim, who is the managing director at Arboretum Ventures, is responsible for Arboretum’s financial and fund management activities and is a member of its Investment Committee. He has been a venture capital investor for the past 14 years.

Farmington Hills-based Beringea invested $3.2 million in portfolio company Relume Technologies, which has closed its $7.0 million Series D financing round.

What: Deal Sharing in the Garden Where: Frederick J. Meijer Gardens, Grand Rapids When: March 27, 1-5 PM Schedule 1:00 – 1:30 PM Set Up, Gardens Open to Registered Attendees 1:30 – 3:00 PM Networking & Exploring the Gardens and Sculpture Exhibits 3:00 PM Company Presentations moderated by Mike Jandernoa 4:30 – 5:00 Networking Details: […]

ANN ARBOR, MICH.—Two MVCA member firms were recently awarded a loan from the organization’s Executive in Residence (EIR)/CEO Placement Program, marking the first distributions from the program’s new Venture Upstart II allocation from the MEDC.  Plymouth Ventures and RPM Ventures will welcome executives Kevin Terrasi and Kurt Skifstad respectively into their firms for a period […]

The team at Arboretum Ventures has done the improbable: raised an oversubscribed fund during one of the worst venture capital fundraising periods ever.  Their firm’s new $140 million fund, Arboretum III, will continue to focus on companies developing innovative healthcare products that not only improve patient care but also reduce the cost of healthcare delivery.  […]

Mahendra Ramsinghani, managing director of MVCA member Invest Detroit’s First Step Fund, published his book The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies. The Business of Venture Capital covers the various aspects of venture investment spectrum, from raising funds and […]

Mahendra Ramsinghani, managing director of MVCA member Invest Detroit’s First Step Fund, published his book The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies. The Business of Venture Capital covers the various aspects of venture investment spectrum, from raising funds and […]