Ann Arbor fund continues investment in Michigan companies despite national downturn in venture activity
While some outside venture capital firms are willing to invest in Michigan, it is harder to find “home-grown” firms willing to write bigger checks for middle-stage health care startups, according to a story in Crain’s Detroit Business.
File photo | AnnArbor.com
Despite a consolidation trend that has plagued the venture capital industry nation-wide, Arboretum has continued to expand during the past five years. About half of the firm’s $140 million fund closed in 2011 came from investors within the state of Michigan, including an investment from the Michigan Economic Development Corporation’s Venture Michigan Fund.
Ben Freed covers business for AnnArbor.com. You can sign up here to receive Business Review updates every week. Reach out to Ben at 734-623-2528 or email him at firstname.lastname@example.org. Follow him on twitter @BFreedinA2