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
Company | Industry | Round Size | Date | Investors | Location |
RetroSense Therapeutics | $6M | 08 Jan 2015 | Ann Arbor, Michigan, United States | ||
Trapelo Health | $7M | 18 Jul 2011 | Massachusetts, United States | ||
Current Motor Company | $700K | 02 May 2011 | Ann Arbor, Michigan, United States | ||
Vestaron | $1M | 14 Jul 2009 | Durham, North Carolina, United States |
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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
RetroSense Therapeutics | $6M | 08 Jan 2015 | Ann Arbor, Michigan, United States | ||
Trapelo Health | $7M | 18 Jul 2011 | Massachusetts, United States | ||
Current Motor Company | $700K | 02 May 2011 | Ann Arbor, Michigan, United States | ||
Vestaron | $1M | 14 Jul 2009 | Durham, North Carolina, United States |