ANN ARBOR — The Michigan Venture Capital Association’s annual report, released this week, shows the good news and bad news of the Michigan VC industry.
Let’s get the bad news out of the way first: The amount of venture capital under management in Michigan remains only a small fraction of the national total as of 2016, $2.4 billion of $333.5 billion nationally, or 0.7 percent.
But there’s good news too. That $2.4 billion in venture capital management in 2016 is up 60 percent from $1.5 billion under management in 2011. Nationally, the growth rate in VC under management over those five years is far lower, 22 percent.
Continue reading Report Shows Michigan Venture Capital Industry Growing
ANN ARBOR — Venture-backed companies and venture capital investments continue their rapid growth in Michigan, according to the annual research report issued Monday by the Michigan Venture Capital Association.
The MVCA’s analysis of venture capital activity in the state shows that the number of investors, the amount invested in Michigan-based companies, and the number of successful, active angel- and venture-backed companies located and hiring in Michigan are all trending upward, showing significant increases in the last five years.
Continue reading Report Shows Sharp Growth In Venture Capital
ANN ARBOR — The just-released annual report of the Michigan Venture Capital Association shows Michigan is outpacing the nation in venture capital growth, fueling the formation of new businesses in technology, the life sciences and information.
The report, titled “Building Michigan’s Vibrant Future,” celebrates the 10th anniversary of the MVCA.
Despite a diminished national fundraising climate during the last
five years in which total capital under management nationally
decreased by 3.5 percent, total capital under management
among Michigan-based firms increased by 45 percent, from $1.1
billion to $1.6 billion, the report says.
Continue reading Michigan Venture Capital Growth Outpacing Nation