Displaying items tagged: Grand Ventures

Silicon Valley Bank’s epic collapse further tightens the environment for venture capital-backed companies planning to raise additional and larger capital rounds in the near future, local investors say.

Venture capital investors put more money into Michigan-based companies last year, even as deal volume declined.

A roundup of mergers and acquisitions, expansions and other briefs across West Michigan.

Grand Rapids-based venture capital fund Grand Ventures led a $3 million capital round for iink Payments, a Tampa, Fla.-based platform that expedites payments for property insurance claims.

Gov. Gretchen Whitmer seeks to inject $200 million into Michigan technology startups using federal pandemic relief funds.

Just 13 of the 80 venture capital professionals working in Michigan in 2019 were racial minorities. An equal number of all VC professionals in the state, or 16 percent, were women.

The number of angel investors expanded again, the average size of Michigan-based venture capital funds increased, and even if you exclude major deals as one-time outliers, the amount invested last year still grew.

This is the growth report for Feb. 2, 2020.

GRAND RAPIDS — Grand Ventures’ portfolio company Sigstr of Indianapolis has been acquired by another growing venture capital-backed tech firm. 

MiBiz Growth Report for Oct. 26, 2019.

GRAND RAPIDS — Grand Ventures led an investment round in CRE Simple Inc., an Oakland, Calif.-based fintech firm focused on commercial real estate.

GRAND RAPIDS — Venture capital fund Grand Ventures has closed on $28 million that was raised for its first fund.

GRAND RAPIDS — The $2.05 million in funding Sportsman Tracker Inc. raised this spring will go to further develop a social media platform and mobile app for hunters. As some social media platforms begin to give lower value to hunting content, Sportsman Tracker CEO Jeff Courter saw an opportunity to further build his HuntWise app that has been downloaded by 2 million users.

Venture capital firm Grand Ventures I LP was among the investors in a Charleston, S.C. software firm that uses artificial intelligence to work with clients to identify and engage with job candidates.

Venture capital fund Grand Ventures I LP was part of a $5 million funding round for an Indiana tech firm.

A new venture capital fund in West Michigan closed on its first deal this week.