KALAMAZOO - In its first 14 months of existence, Ka-Zoo Angels has invested $435, 000 in eight companies our of 19 startups vetted, a new report shows. Launched in 2017 by Grand Angels, one of the state’s most active angel investor groups, its affiliate has 14 members. Tim Parker, Grand Angels president, said the organization
BLOOMFIELD HILLS – Michigan Capital Advisor has made an investment in Ventech, the developer of the Liquid Heat Generator technology used by auto OEMs, Alternative Energy providers and Equipment applications. Terms of the deal were not disclosed. The Ventech LHG provides near instant heat for comfort and safety of the vehicle occupants, with vehicle warm up
ROYAL OAK - Invest Detroit’s Tember Shea interviews Peter Falzon, CEO, Ripple Science, which improves the recruitment and management of research participants. Ripple is a web-based software solution and active registry that facilitates the recruitment and management of research participants for clinical, translational and social science studies. Built from the ground up by researchers for
CANTON - Fusion Coolant Systems, a University of Michigan spin off, has raised an $8 million Series C financing round led by Boston-based Material Impact and Michigan Capital Advisors, two venture capital firms. The money will be used to grow the company’s staff, operations, equipment and personnel. The round was also strongly supported by existing
ANN ARBOR - The big winners Tuesday night at the Michigan Venture Capital Association awards dinner were Duo Security, Accelerate Michigan Innovation Competition, Jody Vanderwel and Strata Oncology. MVCA members voted to select the awardees for the Community Impact Award, the Exit of the Year Award, and the Up-and-Coming Company of the Year Award. Awardees
DETROIT — Guardhat, developer of a smart hard hat that monitors worker safety and health in industrial settings, announced it had closed a $20 million Series A funding round. The round was led by RTP Ventures, a New York City-based subsidiary of a Moscow, Russia-based venture capital firm, RuNet Holdings Ltd.. The round was joined
LANSING - More than 800 businesses, educators and community organizations have committed to pursuing Marshall Plan for Talent grants, Gov. Rick Snyder announced Thursday. These entities have applied to be considered for the first round of Innovation Grants under the $100 million Marshall Plan for Talent investment. The first step in the Marshall Plan for
WARREN - Winning Futures announced a two-year $150,000 grant award from the Vera and Joseph Dresner Foundation to support implementing Workforce Prep - an in-school mentoring and leadership skills program for challenged high school students. This program addresses the critical need to better prepare students for life after high school and empower them with the
ROYAL OAK - Lisa Vallee-Smith, the co-founder of Airfoil Communications, has reorganized her 18-year old PR agency under a holding company that she will lead. Vallee-Smith will now serve as CEO of Airfoil Group, overseeing the business strategy for both Airfoil Communications and Airfoil Digital. Twelve-year Airfoil veteran Keith Donovan, former senior vice president, steps
SOUTHFIELD - DENSO Corporation subsidiary NSITEXE, a developer of key semiconductor components enabling automated driving, announced it has invested $65 million in ThinCI Inc., an Artificial Intelligence hardware startup developing computing platforms. ThinCI’s programmable computing architecture can accelerate deep learning, AI and other algorithms relevant to the automotive industry and will provide somewhere around 5
