Displaying items by tag: Blue Medora LLC
GRAND RAPIDS — On the heels of divesting from one of its two primary business units, software developer Blue Medora has rebranded and relaunched its retained business.
GRAND RAPIDS — A long-standing partnership has turned into the sale of a significant business unit for Blue Medora Inc., a venture capital-backed Grand Rapids-based software developer.
ELMONT — A Grand Rapids-area software company that uses artificial intelligence to help health care providers monitor and maintain their facilities and equipment plans to scale operations with the backing of nearly $1.3 million in capital raised from investors.
Grand Ventures I LP’s lead investment in a Chicago digital health company typifies what’s occurring in venture capital in Michigan and neighboring states: Funds based in the region are backing Great Lakes-based startups.
Venture capital investors made fewer deals in Michigan during the third quarter than the same period a year earlier, although the amount invested more than tripled.
Venture capital investors put more money into a similar numbers of deals in 2017 compared to the prior year, a sign that target companies are maturing and securing larger capital rounds.
Enterprise software developer Blue Medora LLC has raised another $8 million in capital that will support continued growth.
Venture capital investors say work over more than a decade to spur greater innovation and build a better entrepreneurial climate in Michigan has provided them with better investment prospects.