The year has started off strong with both the amount and number of investments higher than 2011. Michigan-based start-ups have received about $90 million of venture capital investment in 17 different companies. The invested amount is at par with the YTD 2009 and the number of companies receiving venture capital has increased over the last few years.
Here are some highlights:
- Compared to the first half of 2011, YTD venture capital investments for 2012 increased by 24% in terms of amount invested and 31% in number of deals.
- Life Science deals accounted for more than half of all invested amount.
- Three of the 17 companies received venture capital for the first time while the rest got follow-on financings.