Venture Capital Report: Community Growing in Size, Deals



Published:

ANN ARBOR – The Michigan Venture Capital Association recently released its annual research report, which details investment activity across the state.  The report also highlights venture capital activity in Michigan compared to other regions and the U.S.

"The data collected in the MVCA research report show that Michigan's venture community is growing, both in size and deals," said Tim Petersen, MVCA board chair.  Significant growth – 64 percent – in venture capital under management by Michigan firms is appearing, as well as a trend towards larger fund sizes.

According to the MVCA's research report findings, Michigan start-up companies received $191 million in venture capital investment during 2011. There were 38 total investments, including 22 new companies that received a first round of venture capital funding.

The number of venture firms, investment professionals, and capital under management have all increased.  The 54 funds managed by venture capital firms in Michigan had 335 active portfolio companies.

Venture capital under management among firms headquartered in Michigan increased by 64 percent over the last 5 years. Of the $3 billion of venture capital under management, nearly $370 million is available for new investments within and outside Michigan.

In 2011, four Michigan venture capital firms —Arboretum Ventures, Plymouth Venture Partners, MK Capital and Arsenal Ventures – successfully closed their funds, raising a total of $348 million.

Michigan now has six funds that are greater than $100 million. There are eight funds between $50 million and $100 million and 13 funds less than $50 million.

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Ford to Launch Fully Autonomous Vehicle for Ride Sharing in 2021

Dearborn-based Ford Motor Co. has announced its intent to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service.

Ford to Auction Aviation-inspired Mustang

Dearborn-based Ford Motor Co. has unveiled a new aviation-inspired Mustang, which will be auctioned off to benefit the Wisconsin-based Experimental Aircraft Association’s youth education programs.

Fontinalis Partners Closes on $100M Mobility Fund

Fontinalis Partners, a Detroit-based venture capital firm, has closed on its second fund, Fontinalis Capital Partners II L.P., for $100 million. The new fund will invest in companies working on next-generation mobility technologies.

Tropical Smoothie Opens Westland Location

Tropical Smoothie Cafe, a fast casual restaurant that focuses on smoothies and healthy food options, has opened a new location in Westland. The new location is the company’s 37th store in Michigan and 500th store total.

Sophia Loren Event to be Held at Detroit Opera House

An event featuring Italian film actress Sophia Loren will take place at the Detroit Opera House this fall.
Edit ModuleShow Tags

Most Popular

  1. Russell Flats Apartment Complex to Open in Detroit’s Eastern Market in 2018
    Jonna Luxury Homes in Birmingham is making its first foray into Detroit with the construction of...
  2. Elliott Building in Downtown Detroit Completes $12M Financing Package
    The Elliott Building along Woodward Avenue in downtown Detroit has secured financing for a $12...
  3. Motor City Harley-Davidson in Farmington Hills Opens $15M Dealership Replacement
    Motor City Harley-Davidson will open a new $15 million, 106,000-square-foot complex on Friday in...
  4. Detroit Apparel Retailer SMPLFD Moving to Gratiot Avenue Near Eastern Market
    After selling its Detroit-themed clothing and wearables through wholesale and e-commerce...
  5. Report: 90% of Metro Detroiters Have Positive Impression of Downtown Detroit
    Just over 90 percent of residents across metro Detroit have an overall positive impression of...
  6. Report: Michigan Forest Products Industry Adds $20B to State Economy
    Two years ahead of schedule, Michigan’s forest products industry has achieved its goal of...