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Michigan Economic Development Corporation

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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.

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Total investments 84
Average round size
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The average size of a deal this fund participated in
$467K
Portfolio companies 83
Rounds per year 2.71
Lead investments 16
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.01
Exits 8
Key employees Soon
Stages of investment
Grant

Areas of investment

  • Manufacturing
  • Industrial
  • Automotive
  • Machinery Manufacturing
  • Electric Vehicle
Summary

Michigan Economic Development Corporation appeared to be the Corporate Investor, which was created in 1999. 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 Lansing.

The top activity for fund was in 2011. Despite it in 2019 the fund had an activity. 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. The fund is constantly included in less than 2 deals per year. Speaking about the real fund results, this Corporate Investor is 2 percentage points more often commits exit comparing to other organizations. This Michigan Economic Development Corporation works on 4 percentage points more the average amount of lead investments comparing to the other organizations.

The typical case for the fund is to invest in rounds with 2 participants. Despite the Michigan Economic Development Corporation, startups are often financed by Ann Arbor SPARK, Apjohn ventures, Orchard Venture Partners. The meaningful sponsors for the fund in investment in the same round are Tech Coast Angels, SDL Ventures, Nerveda. In the next rounds fund is usually obtained by Pangaea Ventures, Open Prairie, Chrysalis Ventures.

Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. Among the most popular fund investment industries, there are Life Science, Real Time. Among the most popular portfolio startups of the fund, we may highlight Vestaron Corporation, Sierra Oncology, RetroSense Therapeutics. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has exact preference in a number of founders of portfolio startups.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

RetroSense Therapeutics

Biotechnology
Genetics
Life Science
Therapeutics
$6M08 Jan 2015 Ann Arbor, Michigan, United States

Trapelo Health

Health Care
Information Services
Medical
$7M18 Jul 2011 Massachusetts, United States

Current Motor Company

Alternative Energy Equipment
Automotive
Electric Vehicle
Manufacturing
$700K02 May 2011 Ann Arbor, Michigan, United States

Vestaron

Agriculture
Biotechnology
Farming
$1M14 Jul 2009 Durham, North Carolina, United States

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Total investments 84
Average round size 467K
Rounds per year 2.71
Peak activity year 2022
Lead investments 16
Follow on index 0.01
Exits 8
Group Appearance index 0.25

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

RetroSense Therapeutics

Biotechnology
Genetics
Life Science
Therapeutics
$6M08 Jan 2015 Ann Arbor, Michigan, United States

Trapelo Health

Health Care
Information Services
Medical
$7M18 Jul 2011 Massachusetts, United States

Current Motor Company

Alternative Energy Equipment
Automotive
Electric Vehicle
Manufacturing
$700K02 May 2011 Ann Arbor, Michigan, United States

Vestaron

Agriculture
Biotechnology
Farming
$1M14 Jul 2009 Durham, North Carolina, United States
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