Our perspective.

MEDC is preparing to release a RFP for a study covering the entire capital continuum in Michigan. The study will be designed to assess the strengths, weaknesses, opportunities and threats in the capital markets in Michigan.

Venture Investors led $9.2 million in Series B funding in NetSocket.

Kevin Terrasi has joined Plymouth Management Company (PMC) as Partner. He has worked closely with PMC since the investment in Pump
Engineering Inc. (PEI) in 2008.

Allos Ventures is pleased to announce the final closing of Allos II, a $40 million venture capital fund targeting investments in early-stage technology companies in the Midwest. Allos II is led by Don Aquilano, John McIlwraith, and Dov Rosenberg and builds on the success of our first fund, which invested in AssureRx Health, BidPal Networks, Scale […]

Between its two funds, Hopen manages more than $65 million, which it prefers to invest in the region.

Beringea and the Credit Suisse Customized Fund Investment Group (“CFIG”) have launched Michigan Growth Capital Partners II, L.P. (“MGCP II”), a $180 million fund dedicated to providing growth equity to Michigan companies.

Huron River Ventures is on track to finish fundraising in the $12 million range. The firm is keen on investing in energy efficiency technologies, digital cleantech.

Fontinalis Partners participated in $25 million financing round for Streetline, a Bay Area company that has developed a suite of smart parking solutions.

Beringea has invested in Abe’s Market, the online destination for discovering and experiencing natural and organic products. The investment was part of Abe’s $5 million financing round.