Displaying items tagged: Michigan Venture Capital Association

The Michigan Venture Capital Association presented Jody Vanderwel, the former president of Grand Angels, with its Lifetime Achievement Award.

A new $20 million venture capital fund aims not only to generate returns for investors but also address a wide gender gap in the investing industry.

Michigan has more angel investors than ever who invest in startup companies, but Skip Simms believes that’s still not nearly enough.

Michigan’s venture capital industry needs to accelerate its growth even after the steady progress it has made in the last decade.

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.

GRAND RAPIDS –– Partners in West Michigan’s startup ecosystem continue to explore how best to allocate resources to the region’s entrepreneurs.

More than 130 startups sought capital this year from a state-backed fund, far exceeding expectations and serving as another example of the need for funding at the earliest stages of the capital continuum.

HOLLAND — Partners in a firm that invests in medical device innovations are considering forming a new $10 million venture capital fund to back early-stage health care startups, MiBiz has learned.

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.

The number of venture capital-backed startup companies based in West Michigan grew 20 percent over the last three years.

In securing a $40 million investment, Cirius Therapeutics Inc. illustrates a fundamental change that occurred in Michigan’s venture capital sector over the last decade.

Michigan’s venture capital industry maintained steady growth in the last year, although fewer out-of-state venture firms have an office in the state.

GRAND RAPIDS — By creating a $100 million venture capital arm, Spectrum Health joins the ranks of U.S. health systems that invest money in companies developing new ways to treat patients and maintain health.

GRAND RAPIDS — In seeking to raise up to $50 million for its first fund, Grand Ventures I LP could soon add to the availability and accessibility of venture capital in Michigan. 

GRAND RAPIDS — By hiring two economic development professionals who work with the minority community, Start Garden LLC looks to broaden its outreach to more entrepreneurs.

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.

The restoration of an angel tax credit in Michigan looks doubtful before the present legislative term expires at the end of the year.

Reda Jaber could have gone in a few directions after graduating in 2014 from the University of Michigan with a trio of graduate degrees.

The trade group for venture capitalists in Michigan wants to form a $100 million fund to match millions in private capital with public investment. 

New legislation aims to encourage more investors to get involved in supporting Michigan-based startup companies.

A state lawmaker wants to restore an angel investment tax credit in Michigan as a way to create a larger pool of prospective investors in startup companies.

GRAND RAPIDS — The managers of Michigan Accelerator Fund I are seeking to raise up to $5 million from investors to provide further financial backing to portfolio companies.

Venture capital firms in Michigan do better than their counterparts nationally, but women and minorities still account for a small number of investment professionals who work in the industry and the entrepreneurs it supports.

Venture capital investing in Michigan maintained a steady growth trajectory in 2015, but industry executives see some potential headwinds beginning to emerge for the sector. 

The $62 million investment in an Ann Arbor drug developer, the largest-ever venture capital investment in Michigan, has the potential to drive momentum in the state’s investment capital industry going forward.