The MVCA Annual Research Reports provide relevant data regarding Michigan's venture capital industry.
The Michigan Venture Capital Association’s Board of Directors and Executive Director are pleased to present the first edition of the Michigan Venture Capital Report. In 2007, the MVCA received a 21st Century Jobs Fund award from the Michigan Economic Development Corporation to implement research regarding the state of Michigan’s venture capital industry. The Michigan Venture Capital Report is a result of the first year research initiative, and includes data from the National Venture Capital Association and Thomson Financial, the MVCA venture capital survey, and the Sources of Capital Analysis conducted by Michigan State University.Download the Report
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Venture capital available for new investment is only $100 million.
Of the 15 Michigan venture capital firms, seven are currently fundraising.
The total capital being raised among the seven firms is $505 million. To date, 22% has been raised.
The average size venture fund being raised is approximately $70 million. Many are raising their second fund, and targeting Start-Up and Early stage investments.
It is a positive trend to have many firms raising new funds and to have the average fund size increasing. However, Michigan could better build a vibrant venture capital community if there were more funds $100 million or greater in size. Larger funds are better able to lead local deals and attract sufficient capital from national institutional investors.