Ann Arbor SPARK

Summary

In 2005 was created Ann Arbor SPARK, which is appeared as Corporate Investor. The fund was located in North America if to be more exact in United States. The leading representative office of defined Corporate Investor is situated in the Ann Arbor.

The typical case for the fund is to invest in rounds with 1-2 participants. Despite the Ann Arbor SPARK, startups are often financed by Pennstro Ventures, Focus Ventures, Detroit Venture Partners. The meaningful sponsors for the fund in investment in the same round are Wakestream Ventures, Steve Fireng, Robert Dowdell. In the next rounds fund is usually obtained by Huron River Ventures, OUP (Osage University Partners), Michigan Economic Development Corporation.

Comparing to the other companies, this Ann Arbor SPARK performs on 16 percentage points less the average number of lead investments. The important activity for fund was in 2012. Despite it in 2019 the fund had an activity. The fund is constantly included in 7-12 deals per year. The common things for fund are deals in the range of 1 - 5 millions dollars. The increased amount of exits for fund were in 2016. Speaking about the real fund results, this Corporate Investor is 10 percentage points less often commits exit comparing to other organizations.

The fund was created by Rick Snyder.

The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Barracuda Networks, Vestaron Corporation, Millendo Therapeutics Among the most successful fund investment fields, there are Manufacturing, Medical.