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.
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.
M&A professionals in Michigan feel a little more optimistic than their counterparts nationally about the prospects for stronger deal flow over the next year.
Four of the top five investments by venture capital firms in the state went to West Michigan companies in the third quarter.
After a banner year for deal flow, the merger and acquisition market seems to have tempered slightly in 2016.