After more than a decade of private and public investments, the growth in Michigan’s venture capital industry has created a large demand for further investments to increase the available funds and support previously funded startups.
Under a new ruling from federal securities regulators, companies can now raise up to $50 million from investors and still qualify for an exemption to the costly and extensive process involved in a typical public offering.
The amount of venture capital under management in Michigan grew more than 20 percent in 2014, continuing the industry’s strong momentum while creating further need for additional growth to support future investments.
If two recent examples are any indication, companies in West Michigan seem attracted to the promise of securities-based crowdfunding, but often find better and more lucrative offers from traditional investment avenues.
Grand Rapids-based Blackford Capital plans to launch a second private equity fund later this year that, like its predecessor, will focus on investing in manufacturing businesses in Michigan, MiBiz has learned.
Selling a business requires a lot of preparation that many owners don’t always go through prior to pursuing a prospective buyer.
As Byron Center-based SpartanNash Co. continues to focus on integrating the two food distribution and grocery retail operations that it merged 15 months ago, executives say they could be ready to consider additional acquisitions after another three months.
Just eight months after launching the company to acquire a portion of Johnson Controls Inc.’s automotive interiors unit, Motus Integrated Technologies LLC has cut a deal to expand its business.
As it works to close two deals, Chemical Financial Corp. wants to increase its number of outstanding shares to finance pending mergers and perhaps structure future acquisitions.
Rick DeVos formed Start Garden and its predecessors, 5x5 Night and Momentum, to change the entrepreneurial and investment culture in West Michigan.
Commercial lending by credit unions could get a boost through an agreement between two federal agencies that would increase access to credit for small businesses.
The regional economic recovery “is one of the most impressive across the Midwest region,” led by the manufacturing sector that’s now followed by expansion in other industries, according to the latest PNC outlook that covers a broad market that includes Grand Rapids, Kalamazoo, Battle Creek and Lansing.
Raising $10.6 million provides Grand River Bank’s parent company with added capital to drive further growth and pursue new business as some competitors are either now part of larger banks or are merging into larger institutions.
As the availability of venture capital increases further in Michigan, investors are steering more money and cutting more deals to invest in technology-based sectors.
Venture capital investors put almost twice the amount of money into Michigan companies in 2014 as they did the year before, continuing the industry’s momentum.
For any business owner who’s seeking a buyer and worries about what will happen to his or her company in the long term, cutting a deal with another family could very well represent an option to consider.
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