Member News

Ann Arbor-based Arboretum Ventures leads $60M financing round for Allay Therapeutics

Allay Therapeutics Completes Oversubscribed $60M Financing to Advance Ultra-Sustained Pain Platform Financing led by Arboretum Ventures. Managing Partner Nicole J. Walker to join Allay Therapeutics Board of Directors ATX-101 to advance to Phase 2b development in total knee replacement surgeries in 2021 Financing will also support broader development of ATX platform for ultra-sustained pain relief … read more

Bank of Ann Arbor Expands footprint in Birmingham, MI

Ann Arbor, Michigan – September 7, 2021 – Bank of Ann Arbor (“Arbor”), and Nicolet National Bank (“Nicolet”), today announced that Arbor has entered into an agreement to buy the Birmingham, Michigan Branch of Nicolet located at 260 East Brown Street, Birmingham, Michigan. This was a branch of the former mBank, recently acquired by Nicolet…. read more

Michigan Lt. Governor Garlin Gilchrist II, Keynotes Michigan Venture Capital Association’s 2021 Annual Awards Dinner

Michigan Lt. Governor Garlin Gilchrist II, Keynotes Michigan Venture Capital Association’s 2021 Annual Awards Dinner Event Celebrates the Successes of Michigan’s Entrepreneurial and Investment Community September 2, 2021 (Novi, MI) — Michigan Venture Capital Association (MVCA), the trade association for the venture capital and angel community in Michigan, will feature Michigan Lieutenant Governor Garlin Gilchrist… read more

Fontinalis Partners Announces Closing of $104 Million Fund III to Invest in the Next Wave of Mobility Innovation

DETROIT, MI and BOSTON, MA – August 19, 2021 – Fontinalis Partners (www.fontinalis.com), a mobility focused venture firm with offices in Detroit and Boston, today announces the closing of its $104 million third fund, Fontinalis III. Fontinalis Partners was founded in 2009 by an experienced team of operators and investors with a thesis that continued… read more

Arboretum Ventures Promotes Dan Kidle to Managing Partner

ANN ARBOR, MI (August 11, 2021) – Arboretum Ventures, a leading healthcare venture capital firm based in Ann Arbor, Michigan, today announced that Dan Kidle has been promoted to Managing Partner. Dan joined Arboretum in 2011 as an Analyst, and after successive promotions, was made Partner in 2020. Before joining Arboretum, he held a corporate… read more

Bank of Ann Arbor Expands into Livingston County with Definitive Agreement to Merge with First National Bank in Howell

Ann Arbor, Michigan – August 9, 2021 – Arbor Bancorp, Inc., the holding company for Bank of Ann Arbor (“Arbor”), and FNBH Bancorp, Inc., the holding company for First National Bank in Howell (“First National”) (OTC Pink: FNHM), today announced they have entered into a definitive agreement for Arbor to acquire First National in an… read more

Michigan Venture Capital Association Announces Nominees for 2021 Annual Awards Dinner

Michigan Venture Capital Association Announces Nominees for 2021 Annual Awards Dinner Event Celebrates the Successes of Michigan’s Entrepreneurial and Investment Community August 3, 2021 (Novi, MI) — Michigan Venture Capital Association (MVCA), the trade association for the venture capital and angel community in Michigan, today announced the nominees for the 2021 MVCA Annual Awards Dinner. The… read more

Renaissance Venture Capital Closes $77.5M Fourth Fund

ANN ARBOR, MICH.  July 20, 2021–Renaissance Venture Capital has closed its fourth fund with $77.5 million of new capital.  Since it opened in 2008, Renaissance has raised over $280 million, making it the largest “fund of funds” of its kind in the United States.  Renaissance has become a role model for similar funds that have… read more

MVCA to Celebrate State’s Entrepreneurial and Investment Successes at 2021 Annual Awards Dinner on Sept. 30th

Novi, Mich. – July 19, 2021 – Michigan Venture Capital Association (MVCA), the trade association for the venture capital and angel community in Michigan, hosted its 2019 Annual Awards Dinner at Greenfield Village on September 30. At this event, MVCA will announce awards the investment and entrepreneurial community. “We all have been through a challenging… read more

Navv Systems Completes Seed Financing to Accelerate Commercialization

DETROIT, MI (June 7, 2021). Navv Systems, a Southeastern Michigan-based healthcare technology company focused on hospital personnel location and equipment tracking and location services, announced the close of a $3.2 million seed funding round led by Arboretum Ventures. Detroit Venture Partners also joined the financing along with existing investors including Narrow Gauge Ventures. Navv has… read more