Michigan Economic Development Corporation
65
584K
64
2.10
14
0.02
8
- Stages of investment
- Areas of investment
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.
Investments analytics
Analytics
- Total investments
- 65
- Lead investments
- 14
- Exits
- 8
- Rounds per year
- 2.10
- Follow on index
- 0.02
- Investments by industry
- Manufacturing (25)
- Industrial (8)
- Automotive (7)
- Machinery Manufacturing (6)
- Health Care (5) Show 77 more
- Investments by region
-
- United States (60)
- Canada (1)
- Ireland (1)
- Netherlands (1)
- Australia (1) Show 1 more
- Peak activity year
- 2022
Discover reliable insights
Leverage validated data, identify key contacts and secure funding opportunities for your business.Quantitative data
- Avg. startup age at the time of investment
- 30
- Avg. valuation at time of investment
- 1M
- Group Appearance index
- 0.06
- Avg. company exit year
- 24
- Avg. multiplicator
- 0.13
- Strategy success index
- 0.30
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Latest deals
| Company name | Deal date | Industry | Deal stage | Deal size | Location |
|---|---|---|---|---|---|
| Trapelo Health | 18 Jul 2011 | Information Services, Health Care, Medical | Early Stage Venture | 7M | United States, Massachusetts |
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