The MVCA Annual Research Reports provide relevant data regarding Michigan's venture capital industry.
Over the years, our research has consistently found that Michigan capital invested in Michigan startups brings us significantly more capital from out of state. Last year, this cycle of growth reached new heights, with every Michigan $1 invested attracting nearly $50 from out-of-state sources.Download the Report
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There are 165 venture-backed startups in Michigan, an increase of 17 percent over the last five years.
Total venture capital funds under management of firms headquartered in Michigan in 2020 was $2.8 billion, an increase of 28 percent over the last five years.
Total venture capital under management in Michigan is $3.7 billion, a decrease of 31 percent over the last five years.
15 percent of Michigan venture-backed startups were led by a CEO who is a person of color, compared to 7.4 percent of CEOs of Fortune 500 companies nationally.
Every dollar invested by a Michigan startup by a Michigan venture capital firm attracts $9.70 of investment from outside of Michigan.
In Michigan, 102 startups raised over $49.5 million from angel investors in 2020.