GRAND RAPIDS — Drug developer Tetra Discovery Partners LLC said it’s closed on $5 million in new venture capital funding. The Apjohn Group in Kalamazoo and Holland-based Grand Angels led the investment with San Francisco-based venture firm Dolby Family Ventures. The closing elevated a Series A financing for Tetra Discovery to $7.27 million to support development
HOLLAND - Grand Angels has named Tim Parker, a former research and development executive at Bissell Inc., as its new president. Parker, who most recently ran his own exporting and consulting firm, succeeded Jody Vanderwel as president of the Holland-based angel investment network. He began work two weeks ago after six years of operating T.S.
GRAND RAPIDS - Software developer Blue Medora LLC raised nearly $7.5 million in capital in what one expert calls a “tough,” but “good” environment for companies seeking investors. The investment is part of an effort by the Grand Rapids-based company, which focuses on cloud system management, to raise up to $10 million in capital. Blue Medora
GRAND RAPIDS - Coming off its merger with eMerge West Michigan earlier this year, Grand Rapids-based Start Garden has spun off its venture capital arm into a new entity. Wakestream Ventures will now serve as the main investment vehicle for Start Garden, the organization founded by Amway scion Rick DeVos in 2012 as a $15
HOLLAND - Koops, a manufacturer of custom automation equipment, plans to invest $4.9 million into a new 40,000-square-foot facility adjacent to its headquarters in Holland. The expansion includes plans to add 60 new jobs and additional machinery as part of the expansion project, according to a statement published by MIBiz.Com. Koops, which provides automation equipment
LANSING - One mid-Michigan entrepreneur wants to fill a need in the rapidly growing market for unmanned aerial vehicles by catering his products to educators and students. Mario Swaidan, a recent graduate of Michigan State University’s neuroscience program and owner of Lansing-based AerBots Inc., plans to market quadcopter drone kits, so named because they are
GRAND RAPIDS - After driving the West Michigan economy for several years, the manufacturing sector has reached a holding pattern of flat growth that has economists on the lookout for the next downturn in the business cycle. In general, economists in the region note that weaker-than-expected sales of passenger vehicles in the automotive industry have
PORT SHELDON - A biotech startup will use $1 million in capital to pay for preclinical trials on an innovation it has developed for use in orthopedic surgeries. Magnesium Development Co. LLC, operating out of a small office in Ottawa County’s Port Sheldon Township, uses an alloy material licensed from a Livonia company, Nano Mag LLC,
GAINES TOWNSHIP - Switch Communications Group LLC has selected Lansing-based The Christman Co. to serve as the general contractor for the company’s data center project at the former Steelcase pyramid building, MiBiz reported Monday. The Las Vegas-based operator of co-located cloud-based data centers plans to invest up to $5 billion into the West Michigan facility,
