Member News

MVCA 12 at 12: Entrepreneurs & Investors Share How Michigan Can Improve its Seed Investment Process

By Patti Glaza, Managing Director & SVP of Invest Detroit Ventures An ongoing discussion in Michigan’s entrepreneurial and investment community is the increasing need for capital to fund entrepreneurs. As noted in the 2017 MVCA Research Report, an estimated $504 million of additional venture capital will be required to adequately fund the growth of Michigan’s 141 startup… read more

Boston Scientific Acquires Arboretum Ventures’ Portfolio Company, NxThera

Exciting news! Arboretum Ventures’ portfolio company, NxThera, was acquired by Boston Scientific in a $400 million deal for its treatment of benign prostatic hyperplasia (BPH). According to the 2017 MVCA Research Report, while Michigan venture funds are investing in a variety of sectors, the life science sector continues to be a focus of capital deployment with 42 percent… read more

Guest Post: Sale Readiness & the Value of Seller’s Due Diligence

2018 Silver Service Provider Member, Plante Moran, shares three key steps to unlocking the value of your business. Summary of the article by Eric Wozniak and John Samulak for the Plante Moran blog. For most business owners, the sale of their company will be the single largest liquidity event that they will experience. The thought… read more

Meet MVCA Venture Fellow Nic Wetzler, Augment Ventures

Nic Wetzler has been a long-standing member of Michigan’s entrepreneurial and investment community with previous leadership roles at Detroit Materials and Wayne State University. Now as a Venture Fellow, Wetzler will be in charge of deal sourcing and due diligence at Augment Ventures. The Venture Fellows Program, supported by Michigan Economic Development Corporation (MEDC), is… read more

Diversity & Inclusion in Michigan’s Entrepreneurial & Investment Community

In honor of International Women’s Day, we wanted to shine a light on diversity and inclusion in Michigan’s entrepreneurial and investment community. This past month, MVCA participated in educational conferences on diversity and inclusion hosted by The Aspen Institute and Inforum Michigan that discussed how the entrepreneurial and investment community can better serve underrepresented groups. Additionally,… read more

Guest Post: Must-Consider Technologies to Disrupt the Status Quo

2018 Silver Service Provider Member, Plante Moran, shares the three powerhouse technologies – advanced data analytics, machine learning, and robotic process automation – that can help organizations of all sizes derive greater value from their IT investments. Summary of the article by Dennis Bagley and Dave Plomin for the Plante Moran blog.  As an organization, you’ve… read more

Entrepreneur Spotlight: Autobooks CEO & Co-Founder, Steve Robert Discusses Company Growth

In February, Detroit-based fintech startup Autobooks announced it raised $10 million in a Series A1 funding round! Investors included Draper Triangle, Baird Capital, Detroit Venture Partners, Invest Detroit and Invest Michigan. Autobooks provides online invoicing, payment and accounting software for the business customers of banks and credit unions. We spoke with Autobooks CEO and Founder, Steve… read more

Jeff Wesley, Executive Director of Red Cedar Ventures

Exclusive Q&A: Red Cedar Ventures Executive Director, Jeff Wesley

In January, Jeff Wesley was named executive director of Red Cedar Ventures! Prior to joining Red Cedar Ventures, he was the CEO of Two Men and Truck International. He also served as the President of Accu-Bite Dental Supply, after beginning his career at Deloitte. Wesley has significant experience in leading and scaling private companies to record success. In… read more

Grand Angels President Joins ACRE AgTech Board of Directors!

Grand Angels President Tim Parker has joined ACRE AgTech as the newest member of their board of directors! ACRE AgTech is a Michigan-based entrepreneurial support organization that specializes in helping farmers and ag-related entrepreneurs commercialize, license, or sell their ag-technology inventions. Read why Parker chose to join the organization’s board and what excites him about… read more

Meet MVCA Venture Fellow Jeremy Werner, Beringea

Jeremy Werner is passionate about helping entrepreneurs and growing companies, which led to his career in venture capital. As a new MVCA Venture Fellow, Werner shares why he’s excited to be back in Michigan working at venture firm, Beringea. The Venture Fellows Program, supported by Michigan Economic Development Corporation (MEDC), is designed to increase the number… read more