Tag: news

The team at Arboretum Ventures has done the improbable: raised an oversubscribed fund during one of the worst venture capital fundraising periods ever.  Their firm’s new $140 million fund, Arboretum III, will continue to focus on companies developing innovative healthcare products that not only improve patient care but also reduce the cost of healthcare delivery.  […]

The Michigan Venture Capital Association (MVCA) is accepting applications for two new venture programs, the Michigan Venture Fellows Program and the Angel Network Growth Program, as well as for its popular CEO/Executive In Residence Program.  All three programs were funded by a recent $3.1 million grant from the Michigan Economic Development Corporation’s 21st Century Jobs […]

The MVCA reported total venture financings in Michigan topped $72.5 million thus far in 2011, a decrease  over 2010 and 2009. However, 2009 and 2010 financings were unusually high given sizable venture capital raises in several Michigan life science companies.  Despite the decrease in total year-to-date financings, the number of investments made are on par […]

Josh Linkner, CEO & Managing Partner of Detroit Venture Partners (part of the Quicken Loans family of companies) and Founder & Chairman of ePrize, was recognized as a “Champion of Change.” The Champions of Change program is a weekly series that is part of President Obama’s “Winning the Future” initiative, which honors entrepreneurs that have started […]

Josh Linkner, CEO & Managing Partner of Detroit Venture Partners (part of the Quicken Loans family of companies) and Founder & Chairman of ePrize, was recognized as a “Champion of Change.” The Champions of Change program is a weekly series that is part of President Obama’s “Winning the Future” initiative, which honors entrepreneurs that have started […]

Fund II is second life science fund managed by West Michigan-based Hopen Life Science Ventures Grand Rapids, Mich.– Hopen Life Science Ventures, a Grand Rapids-based life science venture capital fund, announced an initial close of $25 million for its second fund, Hopen Life Science Fund II.  The fund will remain open to new limited partners […]

The U.S. Small Business Administration (“SBA”), State of Michigan Retirement Systems (“SMRS”), The Dow Chemical Company and InvestAmerica have partnered to provide Michigan businesses with debt and equity funding through the InvestMichigan! Mezzanine Fund. The fund will invest up to $130 million into lower-middle-market Michigan companies over the next five years and was formed in […]

 FOR IMMEDIATE RELEASE – July 25, 2011 – ANN ARBOR, MICH. – Augment Ventures, a new early-stage venture capital fund in Ann Arbor, Michigan recently closed its first round of funding and made its first investment in Aperia Technologies, a cleantech company. Augment, which has an overall fund goal of $20 million, will invest in […]

Thomas Lee 7/25/11 http://www.xconomy.com/detroit/2011/07/25/my-farewell-present-six-observations-about-michigans-innovation-economy/

Thomas Lee 7/19/11 http://www.xconomy.com/detroit/2011/07/19/facing-an-early-death-michigans-angel-credit-program-finds-few-takers-so-far/