InvestMichigan
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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
Funds Investing Together
Funds Investing in Following
Rounds
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