A $3 million follow-on venture capital investment provides growth funding for a Kalamazoo company that offers high-speed telecommunications services to businesses across the state.
Venture capital investing in Michigan got off to a strong start in 2014, as the amount invested in the first quarter reached the highest value in 15 years.
Start Garden LLC has launched a new business accelerator with six corporate partners to support startup companies seeking to design Internet-connected devices.
As the availability of venture capital increases further in Michigan, investors are steering more money and cutting more deals to invest in technology-based sectors.
Venture capital investors put almost twice the amount of money into Michigan companies in 2014 as they did the year before, continuing the industry’s momentum.
Operators of private health exchanges pitched them as a way for employers to better control their costs for coverage, reduce the administrative burden, and give employees more say in the benefits they want and need.
A new Kalamazoo-based venture capital fund closed on its first fundraising phase, although organizers hoped by now to have moved closer toward their $10 million goal.
Two venture capital deals involving West Michigan companies follow a national first quarter trend of investors funding businesses in the later stages of development that have greater capital needs.
Venture capitalists cut more deals in Michigan in 2013 than in any other year on record, although the dollar amount of their investments declined sharply from the prior year.
In August, as Founders Brewing Co. bottled its just-brewed Breakfast Stout, Sarah Aldrich took the opportunity to stage a spontaneous product shot. The communications manager for the Grand Rapids-based craft brewery grabbed a bottle that had just come off the line and plopped it down in a pile of chocolate used to brew the seasonal label.