InvestMichigan

InvestMichigan

This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

Headquarters Location

United States, Farmington Hills

About

InvestMichigan is the renowned VC, which was created in 2008. The the headquarters of this VC is in Farmington Hills. The fund is located in United States, North America.

The fund has no specific requirements for the number of founders in a start-up. If there are 4 founders in the start-up, the probability of getting the investment is low. Among the most popular portfolio start-ups of the fund, are Sharecare, Delphinus Medical Technologies, nanoRETE. The country of its foundation and the country of its most frequent investments coincides - United States. Among their most successful investment fields, we have identified Software, Medical Device. Also, because of its portfolio diversification tendency, we can highlight 13 more industries for this fund. The average start-up age at the time of investment by this fund is 6-10.

The most exits for the fund occurred in 2016. InvestMichigan participates, on average, in 11 percentage points more than the average amount of lead investments in other funds. The fund typically enters into 2-6 deals annually. The fund's activity peaked in 2010. In real terms, this VC performs 13 percentage points less exits than other funds. Typical investments for this fund are deals in the range of 10 - 50 millions dollars.

Besides the listed founders, we have found 4 key employees of this fund in our database.

The usual method for the fund is to invest in rounds with 2-3 other investors. Aside from InvestMichigan, start-ups are often funded by Baird Capital, HPA, Ramsthal Investments and 11 other funds. Other VCs who often invest in the same rounds are Baird Capital, Arboretum Ventures, Plymouth Growth Partners, the total number of co-investors is 5. In subsequent rounds, the fund is usually joined by Plymouth Growth Partners, Baird Capital, Arcus Ventures, as well as 7 other investors.

Year Founded

2008

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

95.7% of cases

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

4.5% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x11.3

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

3.1 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.2 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

1

Funds Investing in Previous
Rounds

Baird Capital, HPA, Ramsthal Investments

Funds Investing in Following
Rounds

Plymouth Growth Partners, Baird Capital, Arcus Ventures

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