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 […]
By Steve Wilson, Program Director, University of Michigan’s Technology and Commercialization Assistance Michigan entrepreneurs have an option for getting products to market faster, thanks to a matching funds program called Small Company Innovation Program, Technology and Commercialization Assistance (SCIP/TCA; pronounced “skip T-C-A”). In collaboration with the Michigan Economic Development Corporation and funded by the Michigan […]
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 […]
ANN ARBOR, Michigan (September 8, 2015)—The Michigan Venture Capital Association (MVCA) recently launched a new online tool aimed at helping investors and entrepreneurs better navigate Michigan’s entrepreneurial community. Available on its website (www.michiganvca.org), the interactive, searchable Michigan Entrepreneurial & Investment Landscape Map allows users to sort by geographic location, industry sector, or organization type. The […]
GRAND RAPIDS, Mich., March 26, 2015 — Steelcase, Amway, Faurecia, Meijer, Spectrum Health and Priority Health have joined Start Garden, the unconventional, early-stage, venture capital fund, to announce the Seamless Coalition and Accelerator, a first-of-its kind collaboration which will bring the enterprises together with startups and entrepreneurs to create the next generation of connected devices. Dubbed […]
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 […]
By Emily Heintz, Associate Director, MVCA Maureen and I just returned from Ohio, where we visited with venture firms and built a stronger relationship with Ohio’s venture capital association, VentureOhio. VentureOhio and their executive director, Falon Donohue, has been a valuable partner to us in spreading the story of Michigan entrepreneurial and investment success to […]
By Sean Maday, Program Director, Patriot Boot Camp The concept of building great things appealed to my roots as a Michigander. For generations the people of Michigan have engineered great automobiles and built magnificent office furniture. It is exciting to see how this expertise in product development is influencing a new era of technology development […]