Displaying items by tag: Grand Angels LLC
GRAND RAPIDS — Drug developer Tetra Discovery Partners Inc. plans to launch a clinical trial later this spring on a potential treatment for an autism spectrum disorder.
KALAMAZOO — Armune BioScience Inc.’s sale to a Wisconsin company provides another exit for investors that generates returns they can use in future deals for life sciences startups in Michigan.
Angel investors offer a potential option for an entrepreneur behind an innovation or startup business who needs capital to take off. Michigan now has 10 angel investment groups, including Muskegon Angels and Holland-based Grand Angels, which this summer formed an affiliate in Kalamazoo, Ka-Zoo Angels, and looks to add others around the state. The 10 groups combined had more than 340 members at the end of 2016. MiBiz spoke with Grand Angels President Tim Parker about what angel investors seek in an investment prospect and the advice for startup companies that may be considering an angel investment.
In April, Native Traits LLC was gearing up for a $1.5 million Series B raise from venture capital investors.
With the formation of an affiliate angel investment group in Kalamazoo, Grand Angels has taken the first step toward possibly creating a handful of similar arrangements statewide.
BATTLE CREEK — Following several years of product development and commercialization, Micro Laser Assisted Machining Technologies LLC ended its first year of sales and is gearing up for further growth now that its first year of sales is behind it.
Here is the MiBiz Growth Report for Dec. 12, 2016:
• M&A: Blue Wolf Capital Partners LLC, a New York-based private equity firm, has acquired the North American operations of New Zealand-based Tenon Limited. The company will be based in Grand Rapids and operate under a new name, Novo Building Products LLC. Novo is a manufacturer and distributor of speciality building products. Terms of the deal were not disclosed.
Tim Parker wasn’t actively looking for a new opportunity when he came across a LinkedIn posting that intrigued him.
Grand Angels has named Tim Parker, a former R&D executive at Bissell Inc., as its new president.
Drug developer Tetra Discovery Partners LLC said it’s closed on $5 million in new venture capital funding.