Ann Arbor-based RPM Ventures raised $60 million for a new investment fund - its first new capital in nine years - for investment in promising information technology, officials said today. “Reaching $60 million is no easy achievement,” said LeAnn Auer, executive director of the Ann Arbor-based Michigan Venture Capital Association. “This ...
Perhaps it’s time to let student entrepreneurs steer Michigan’s rickety economic ship. The rapid proliferation of college-student-led startup companies in the Ann Arbor region is not to be disregarded as frivolous. And it’s not accidental. The University of Michigan is encouraging its student entrepreneurs to pursue their business ideas.
Ann Arbor-based RPM Ventures has secured $4 million in funding from a Detroit-based group charged with boosting Michigan-based venture capital operations. Renaissance Venture Capital Fund, led by Ann Arbor-based venture capitalist Chris Rizik, is investing $4 million in RPM Venture’s second investment fund. The investment is a significant victory for ...