Displaying items tagged: Venture Capital

Monday, 06 March 2023 15:56

GR med device firm Shoulder Innovations raises $42M to boost commercialization

GRAND RAPIDS — West Michigan medical device company Shoulder Innovations Inc. has raised $42 million from investors that will go to accelerate commercialization and distribution.

Published in Health Care
Tuesday, 28 February 2023 16:16

$500K grant to relaunch statewide venture capital fellowship program

A $500,000 state grant will help relaunch a statewide fellowship program to develop new talent for Michigan’s venture capital industry.

Published in Finance
Tuesday, 01 November 2022 14:31

VC fund leads $3M investment in platform that expedites property insurance claim payments

Grand Rapids-based venture capital fund Grand Ventures led a $3 million capital round for iink Payments, a Tampa, Fla.-based platform that expedites payments for property insurance claims.

Published in Finance

Friday, 02 September 2022 11:10

Orange Dot Ventures, new PE firm from Comfort Research co-founder Matt Jung, completes first deals

A new West Michigan private equity firm has kicked off with a pair of deals for direct-to-consumer products companies. 

Published in Finance
Tuesday, 30 August 2022 11:28

New Community Transformation Fund’s second investment goes to fintech relocating to GR

The second investment by the New Community Transformation Fund — a recently formed Grand Rapids investment fund for minority entrepreneurs — went to a Texas fintech that relocated its headquarters to downtown Grand Rapids.

Published in Finance
Friday, 19 August 2022 09:31

State to deploy $72M in first round of federally funded small business loans, investments

The state has begun the process to dispense nearly $237 million in federal funding to support small businesses.

Published in Small Business

Wednesday, 10 August 2022 19:04

Charter Capital Partners prepares to raise second, larger mezzanine fund

GRAND RAPIDS — Three years after forming a fund to invest in companies needing growth capital, Charter Capital Partners LLC has begun preparing to start a larger, successor fund.

Published in Finance
Monday, 01 August 2022 12:04

MiBiz on WOOD-TV8: New Community Transformation Fund expands to Denver

A recently formed Grand Rapids investment fund supporting entrepreneurs of color is serving as a model for a similar effort in Colorado, while fund organizers say the effort could be replicated in even more U.S. cities.

Published in Economic Development
Thursday, 14 July 2022 00:08

VC investments in Michigan firms nearly double as deal volume flattens in Q2

Venture capital investing in Michigan held up well through midyear compared to national trends, as the number of deals were essentially even while the amount invested nearly doubled.

Published in Finance

Wednesday, 04 May 2022 13:43

Report: 2021 angel investing neared or exceeded pre-pandemic levels

Angel investing in Michigan rebounded well in 2021 as the amount invested neared — and deal flow exceeded — pre-pandemic levels.

Published in Finance
Tuesday, 26 January 2021 13:44

GR-based VC fund targeting minority-owned companies raises $8.5M in first year

GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.

Published in Finance
Sunday, 04 August 2019 19:29

Charter Capital targets $100 million for new mezz fund

GRAND RAPIDS — A new mezzanine fund based in Grand Rapids seeks to raise $100 million to invest in growing companies, MiBiz has learned.

Published in Finance

Sunday, 04 August 2019 19:23

GR firm invests $10 million in Denver car-buying app

GRAND RAPIDS — Thornapple River Capital LLC invested $10 million in a Denver, Colo.-based company that developed a digital marketplace for private parties to buy and sell vehicles and borrow money for a purchase.

Published in Small Business
Wednesday, 12 June 2019 07:49

Vestaron raises $40 million in Series B round

Kalamazoo-based Vestaron Corp. plans to use $40 million in new capital to expand commercialization and accelerate the development of an additional line of environmentally friendly pesticides. 

Published in Finance
Sunday, 12 May 2019 22:45

MSU’s student-led VC fund offers new hands-on learning

EAST LANSING — With a new investment fund at Michigan State University, students can gain experience on either side of the venture capital industry. The Student Venture Capital Fund offers students with an idea for a business or an innovation “priceless” experience in seeking capital and pitching to prospective investors, said Jeff Wesley, the executive director of Red Cedar Ventures at MSU.

Published in Finance

Friday, 26 April 2019 11:30

FLYOVER NO MORE: National VC group’s event recognizes Midwest growth

The amount of venture capital invested in the Midwest grew at a compound annual rate of 17 percent from 2013 to 2018, the third highest in the U.S., behind the West Coast at 28 percent and the Mid-Atlantic region at 22 percent. The growth rate was one of the reasons the National Venture Capital Association and the University of California Berkeley chose Ann Arbor as the place to launch a new education program, VC University LIVE, on May 15-17 at the University of Michigan Ross School of Business.

Published in Finance
Sunday, 21 April 2019 20:59

Woman-backed Michigan VC fund raises $4.5 million to date

A venture capital fund led by women investors to back women-owned startups has raised $4.5 million so far toward a $20 million goal. Belle Michigan Impact Fund LP has attracted 57 investors to date, including its first institutional investor in Toronto-based Canadian Imperial Bank Corp.

Published in Finance
Tuesday, 16 April 2019 09:11

Michigan firms raised record $385 million in VC in 2018

Venture capital funds based in Michigan more than doubled the amount they invested in startups in 2018, although the money went to fewer companies.

Published in Finance

Friday, 12 April 2019 12:28

Genesis Innovation Group, Cultivate(MD) invest in HAPPE Spine

Genesis Innovation Group LLC and its affiliated venture capital funds invested in HAPPE Spine LLC, a Grand Rapids startup developing and commercializing a material for orthopedic implants.

Published in Finance
Monday, 04 March 2019 13:02

Cultivate(MD) VC fund invests in Virginia-based medical device firm

Cultivate(MD) Capital Fund II LP, a venture capital fund operated by Grand Rapids-based Genesis Innovation Group, invested in Embody Inc., a Norfolk, Va. company that developed a collagen-based micro-fiber implant for Achilles’ heel and rotator cuff repairs.

Published in Health Care
Sunday, 06 January 2019 21:07

With $77M investment, Ablative could draw attention to Michigan’s life sciences industry

The $77 million investment in Ablative Solutions Inc. ranks as the largest known venture capital deal ever in Michigan, possibly helping draw more attention to the state’s life sciences research and development. 

Published in Health Care

Thursday, 03 January 2019 10:00

Ablative Solutions secures $77 million in largest known VC deal in Michigan

Ablative Solutions Inc. secured $77 million in financing that ranks as the largest known venture capital deal ever in Michigan.

Published in Health Care
Wednesday, 10 October 2018 14:54

Fewer deals, larger investments in Michigan Q3 venture capital deals

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.

Published in Finance
Wednesday, 14 February 2018 10:11

Grand Ventures invests in South Carolina software firm

Venture capital firm Grand Ventures I LP was among the investors in a Charleston, S.C. software firm that uses artificial intelligence to work with clients to identify and engage with job candidates.

Published in Breaking News

Monday, 23 October 2017 10:59

Tech firm Blue Medora raises $8 million in venture capital

Enterprise software developer Blue Medora LLC has raised another $8 million in capital that will support continued growth.

Published in Breaking News
Tuesday, 22 August 2017 14:40

Grand Ventures participates in Series A round for Indiana-based tech firm

Venture capital fund Grand Ventures I LP was part of a $5 million funding round for an Indiana tech firm.

Published in Breaking News
Friday, 30 June 2017 08:50

Recently formed Grand Rapids venture capital firm closes on first investment

A new venture capital fund in West Michigan closed on its first deal this week.

Published in Breaking News

Saturday, 18 March 2017 05:30

OPEN FOR BUSINESS: Tribes invest in economic diversification via M&A, real estate deals

Across West Michigan, Native American tribes have started to hang out their own shingle in enterprises that move them away from the familiar tribal-owned casino.

Published in Economic Development
Sunday, 12 March 2017 08:00

Spectrum Health forms VC fund to invest up to $100M in health care companies

Spectrum Health has formed a new venture capital fund that could invest up to $100 million into health care-related companies over the next decade, MiBiz has learned.

Published in Breaking News
Tuesday, 29 November 2016 10:12

Tetra Discovery Partners closes on $5 million in new VC funding

Drug developer Tetra Discovery Partners LLC said it’s closed on $5 million in new venture capital funding.

Published in Breaking News

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