Venture capital investment rises sharply in Michigan in 3rd quarter

Posted on October 6, 2016

Firms invest $118.8 million in 18 deals

Venture capital investment was up sharply in the third quarter in Michigan, according to a report issued Thursday by the Washington, D.C.-based National Venture Capital Association and PitchBook, a VC database.

There was $118.8 million invested in 18 deals in the state in the quarter, up from $58 million in the second quarter and $48.8 million in the first quarter.


It was the best quarter since $160 million was invested in the fourth quarter last year and the second-best quarter since $166.4 million was invested in the second quarter of 2014.

The state ranked 17th nationally.

Read full article here on Crain’s Detroit Business.