Displaying items tagged: Michigan Capital Network
Michigan Capital Network nets $37.5M toward new VC fund
GRAND RAPIDS — Michigan Capital Network netted $37.5 million to date in its drive to raise $50 million for a fourth venture capital fund, a goal that has doubled since fundraising began in early 2022.
VC investments up 9% for Michigan companies, despite declining deal volume
Venture capital investors put more money into Michigan-based companies last year, even as deal volume declined.
Michigan Capital Network exec cites signs of resilience in state’s VC, angel investor community
Coming off what Diane Durance calls a “robust” year in 2022, Grand Rapids-based Michigan Capital Network looks to close fundraising in 2023 on a fourth venture capital fund and grow its network of angel investors.
People in the news: Dec. 5, 2022
Here are the staffing announcements from the Nov. 21, 2022 print edition.
Michigan Capital Network names directors for GR, Detroit angel investing groups
Michigan Capital Network has named new leaders for angel investing groups in Grand Rapids and Detroit.
MiBiz Growth Report: Sept. 26, 2022
Here is the MiBiz Growth Report for September 26, 2022:
Michigan Capital Network raises target for next VC fund to $35M, citing strong interest
GRAND RAPIDS — Strong interest from investors led Michigan Capital Network to expand the size of its new venture capital fund, the organization’s fourth since its inception.
Buoyed by recent craft beverage exits, entrepreneurial investors redeploy proceeds locally, internationally
Successful exits from West Michigan-based craft breweries are allowing company founders and investors to put their proceeds to work in new ways that reinforce the region’s entrepreneurial culture.
MiBiz Growth Report: Aug. 15, 2022
Here is the MiBiz Growth Report for August 15, 2022:
Zeeland furniture startup in ‘launch and accessibility mode’ after $1.5M capital raise
A Zeeland furniture startup that seeks to play into the growing home office trend has secured $1.5 million in capital from investors around Michigan.
People in the News: May 23, 2022
Here is the MiBiz People in the news report for May 23, 2022
MiBiz Growth Report: March 28, 2022
Recruitment platform Job.com has acquired QCI Healthcare Staffing, a Grand Rapids-based health care staffing agency. The deal was the fourth staffing agency acquisition by Job.com, which seeks to acquire small to medium-sized staffing agencies. Terms of the deal were not disclosed.
Facility Health sale marks another successful exit for startup
Facility Health Inc.’s sale to a North Carolina software solutions provider is another example of a startup company backed by local investors in West Michigan that led to a successful exit.
Michigan Capital Network expands to Saginaw, Midland markets with addition of BlueWater Angels
GRAND RAPIDS — Michigan Capital Network has further expanded its angel investment network across the state with the addition of Saginaw-based BlueWater Angels.
‘The sky’s the limit’ for online-based ADHD assessment, treatment company
The $2 million in capital that ADHD Online LLC raised will support further growth nationally as telehealth overall plays a larger role in the health care industry.
Michigan Capital Network aims to raise $25M for fourth VC fund
GRAND RAPIDS — Michigan Capital Network plans to form a fourth venture capital fund.
Grand Angels and affiliates reorganize to accommodate growth, promote diversity
A restructuring for Grand Angels in 2021 aims to create understanding about angel investing and greater diversity among investors and their deals.
Grand Angels taps Dale Grogan as managing partner to expand reach across state
GRAND RAPIDS — The new managing partner for Grand Angels looks to tap his statewide contacts to build a bigger presence among early-stage investors.
Grand Angels names Dale Grogan as new managing partner
GRAND RAPIDS — Angel investor group Grand Angels has named Dale Grogan as its new managing partner.
Additional scale positions Grand Angels for larger deals
GRAND RAPIDS — The $1.4 million investment in Portage-based Micro Laser Assisted Machining Technologies LLC represents the largest single investment ever for Grand Angels and its affiliated angel groups and venture capital fund.