Later next month, the Midwest Growth Capital Symposium (MGCS) will kick off its 38th annual two-day event dedicated to showcasingthe region’s high-growth companies to a cadre of local and out-of-town investors. During the symposium, 32 companies actively seeking funding will pitch to an audience of more than 500 attendees. There will also be a tech … Continue reading “Midwest Growth Capital Symposium to Feature VC University Seminar”
Tag: Arboretum Ventures
After Scoring New Capital, Fifth Eye Prepares to Seek FDA Approval
Fifth Eye, an Ann Arbor-based medical software startup spun out of technology developed at the University of Michigan, today announced that it has raised $9 million in new investment capital, bringing its total venture backing to date to $11.5 million. The round was led by Arboretum Ventures and Cultivation Capital, with participation from Invest Michigan, … Continue reading “After Scoring New Capital, Fifth Eye Prepares to Seek FDA Approval”
Pfizer, Merck Lead Strata Oncology’s $26M Series B Round
In what company leaders describe as a “huge step,” Ann Arbor, MI-based precision medicine startup Strata Oncology this week closed a $26 million Series B investment round led by Pfizer Ventures and the Merck Global Health Innovation Fund. Other contributors to the round include Deerfield Management, Renaissance Venture Capital Fund, Arboretum Ventures, and Baird Capital. … Continue reading “Pfizer, Merck Lead Strata Oncology’s $26M Series B Round”
As Michigan VC Scene Matures, Funding Gaps, Diversity Are Challenges
In venture capital circles, one often hears that it’s not particularly useful to look at trends year over year; instead, analysts counsel, one should study trends in five-year cycles to get a more accurate picture of where things are. From that perspective, Michigan’s venture capital scene seems to be healthier than it was five years … Continue reading “As Michigan VC Scene Matures, Funding Gaps, Diversity Are Challenges”
Connected Cars, Cheap Rides, Deadlines to Apply & More MI Tech News
Here’s a look at tech and innovation news from around Michigan: —A University of Michigan startup called Cart is piloting a new service that offers low-cost rides to Detroit residents who want to go grocery shopping. Shoppers that live within five miles of one of Meijer’s two Detroit locations can pay $10 for a round-trip ride … Continue reading “Connected Cars, Cheap Rides, Deadlines to Apply & More MI Tech News”
ConcertoHealth Garners $3,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d37d1c04-0d2d-4759-a303-4610728ff9e6 Date 11/2/2016 Company Name ConcertoHealth Mailing Address 2030 Main Street Irvine, CA 92614 USA Company Description For more than a decade, ConcertoHealth has provided comprehensive healthcare to dual-eligible, Medicare, Medicaid and complex medical needs patients. Website http://www.concertohealthcare.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes The new … Continue reading “ConcertoHealth Garners $3,000,000 New Round”
nVision Medical Secures $12,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1f25270c-2b45-437e-8667-48195c7b8a94 Date 7/29/2016 Company Name nVision Medical Mailing Address 250 King Street San Francisco, CA 94107 USA Company Description nVision Medical is an early-stage medical device company that is developing a portfolio of novel and proprietary technologies to fill the void in female health-related medical device innovation. Our focus is on significantly … Continue reading “nVision Medical Secures $12,000,000 Series B Financing Round”
SI-BONE Receives $20,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5a2b59a0-2cce-48fe-97f0-e57d8b6d306e Date 6/20/2016 Company Name SI-BONE Mailing Address 3055 Olin Avenue San Jose, CA 95128 USA Company Description SI-BONE is committed to providing high-quality innovative medical devices for the treatment of SI Joint dysfunction. SI-BONE is a leader in the diagnosis and treatment of SI Joint dysfunction. Website http://www.si-bone.com Transaction Type Venture … Continue reading “SI-BONE Receives $20,000,000 New Round”
Strata Oncology Closes $12M Round, Aims to Increase Tumor Sequencing
Ann Arbor, MI-based precision medicine startup Strata Oncology announced last week that it has raised a $12 million Series A round. Arboretum Ventures and Baird Capital led the financing, with participation from Michigan eLab, a returning investor. Strata is on a mission to make tumor sequencing for cancer patients more accessible. As personalized genetic therapies … Continue reading “Strata Oncology Closes $12M Round, Aims to Increase Tumor Sequencing”
Strata Oncology Receives $12,000,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b0984cf-70e3-4ca6-8843-b25c98654287 Date 6/3/2016 Company Name Strata Oncology Mailing Address 8170 Jackson Road Ann Arbor, MI 48103 USA Company Description At Strata Oncology, our goal is to dramatically expand late stage cancer patients’ access to tumor sequencing and precision medicine trials and to accelerate the approval and availability of breakthrough cancer medicines. Website … Continue reading “Strata Oncology Receives $12,000,000 Series A Round”
Adavium Medical Obtains $21,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=301e57bb-3c15-42ce-bba4-731752f06f26 Date 4/11/2016 Company Name Adavium Medical Mailing Address 3340 Hillview Avenue Palo Alto, CA 94105 USA Company Description Adavium Medical is the largest Brazilian medical equipment and diagnostics company, with Brazil being the third largest private healthcare market in the world. Website http://www.adavium.com Transaction Type Venture Equity Transaction Amount $21,000,000 Transaction … Continue reading “Adavium Medical Obtains $21,000,000 Series C Funding Round”
East Coast Bio Roundup: CRISPR, Tessier-Lavigne, Pricing, Spero & More
There was biotech news up and down the East Coast this week. In Boston, all eyes were on the first biotech IPO of the year—and the sector let out a collective sigh when things went well. New York, meanwhile, suffered a tough blow to its life sciences scene, as one of its strongest advocates announced … Continue reading “East Coast Bio Roundup: CRISPR, Tessier-Lavigne, Pricing, Spero & More”
Pear Therapeutics Garners $20,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f660e54-f13a-41b3-a947-662ab48ea62e Date 2/3/2016 Company Name Pear Therapeutics Mailing Address 200 Saginaw Drive Redwood City, CA 94063 USA Company Description Pear Therapeutics’ patented eFormulation approach combines mobile health apps with supplements, medical foods, and pharmaceuticals, to create more efficacious treatment solutions. eFormulations are simple to use. A software access code on the product … Continue reading “Pear Therapeutics Garners $20,000,000 New Financing”
Arboretum Ventures, Duo Security Among MVCA’s 2015 Awardees
The Michigan Venture Capital Association (MVCA) held its annual awards ceremony on Monday to recognize the state’s top entrepreneurs, investors, and deals. The event drew a record crowd, the organization said in a blog post, and “focused on the tremendous growth of the entrepreneurial and investment community” in Michigan and across the region. Incoming MVCA board … Continue reading “Arboretum Ventures, Duo Security Among MVCA’s 2015 Awardees”
Roundup: Arboretum Ventures, NEI, U-M, Pegasystems, MTRAC & More
What’s cooking in Michigan’s innovation ecosystem? A lot, this time of year. Here’s a look at news from around the state: —Arboretum Ventures, the Ann Arbor-based healthcare venture capital firm, has closed its fourth fund, with commitments totaling $220 million. This nearly doubles the firm’s capital under management to $450 million. According to the firm, … Continue reading “Roundup: Arboretum Ventures, NEI, U-M, Pegasystems, MTRAC & More”
Delphinus Closes $39.5 Million Series C, Plans SoftVue Trial
Delphinus Medical Technologies, the Plymouth, MI-based medical imaging startup, announced this week that it has raised $39.5 million in a Series C round. The investment was led by Venture Investors, with participation from Hopen Life Science Ventures, Waycross Ventures, Arboretum Ventures, Beringea, and North Coast Technology Investors. According to the company, the round represents the … Continue reading “Delphinus Closes $39.5 Million Series C, Plans SoftVue Trial”
Delphinus Medical Technologies Obtains $39,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=05dafc74-32c8-4ece-aed5-f60791ad772e Date 9/10/2015 Company Name Delphinus Medical Technologies Mailing Address 46701 Commerce Center Drive Plymouth, MI 48170 USA Company Description Delphinus has succeeded in building a three-dimensional full-breast ultrasound imaging device that effectively differentiates benign from malignant masses in breast cancer cases using a safe (non-ionizing), comfortable (non-compressing), and reliable (operator independent) … Continue reading “Delphinus Medical Technologies Obtains $39,500,000 New Round”
ArborMetrix Joins Michigan Consortium to Help Analyze Genetic Tests
ArborMetrix, the Ann Arbor company using private, cloud-based analytics to help healthcare providers improve care, has experienced a lot of growth since Xconomy first profiled it in 2012. Back then, the company was in an office out on Plymouth Road with 21 employees; today, it has more than doubled its staff and it has a … Continue reading “ArborMetrix Joins Michigan Consortium to Help Analyze Genetic Tests”
MyHealthDirect Raises $8M, Mum About Plans For Milwaukee Operations
MyHealthDirect, a healthcare scheduling software company founded nine years ago in the Milwaukee area, has raised $8 million to help it expand—but it’s unclear how much of that will involve the local office. MyHealthDirect’s registered business address is still in Brookfield, WI, where it was born. But the location listed at the bottom of its … Continue reading “MyHealthDirect Raises $8M, Mum About Plans For Milwaukee Operations”
Roundup: Mt. Elliott Makerspace, Rockwell Medical, Zell Lurie, More
Here’s a look at news from around Michigan’s innovation hubs: —Last week, I spotted a headline that made my heart sink: The eastside Detroit church that houses the Mt. Elliott Makerspace is struggling, and the funds that support programs like the makerspace are nearly exhausted. I visited the church in April 2012 and wrote about … Continue reading “Roundup: Mt. Elliott Makerspace, Rockwell Medical, Zell Lurie, More”
West Coast Biotech Roundup: CareFusion, Sunesis, Second Genome, Etc.
After a week’s hiatus, the roundup is back. We’ve been busy. New Xconomy San Francisco editor Bernadette Tansey took a first look at a plan to build a local incubator for synthetic biology startups, while I covered an appearance by Tekmira Pharmaceuticals CEO Mark Murray, the first since his company’s drug was approved for emergency … Continue reading “West Coast Biotech Roundup: CareFusion, Sunesis, Second Genome, Etc.”
Wisconsin Roundup: Techstars, Silatronix, Virent, MyHealthDirect, & More
Two Wisconsin startups are in the midst of trying to raise more than $4 million each from investors, while two energy-related startups are making progress toward selling their products. Read on for details about these recent announcements, and more, from Wisconsin’s innovation community. —Silatronix has raised $2.8 million of a possible $4.2 million equity funding … Continue reading “Wisconsin Roundup: Techstars, Silatronix, Virent, MyHealthDirect, & More”
NeuMoDx and Jeff Williams Capitalize on Lessons Learned at Handylab
Jeff Williams is one of Michigan’s most successful biotech entrepreneurs, with two of Michigan’s biggest exits—Accuri and Handylab—on his ledger. Now he’s hoping the third time’s a charm, too. Williams’ new molecular diagnostic startup, NeuMoDx, just closed a $21 million Series B round in April. Pfizer Ventures led the round, with participation from Baird Capital … Continue reading “NeuMoDx and Jeff Williams Capitalize on Lessons Learned at Handylab”
MoneyTree Reports $35.6M in MI Venture Deals Last Quarter
Venture capital funding surged nationwide during the first quarter of 2014, driven mainly by substantial investments in expansion-stage IT and software companies, according to the MoneyTree Report being released today. That trend extended to Michigan, where MoneyTree reported that 14 companies snagged $35.6 million in venture capital investment during the first quarter of 2014. Though … Continue reading “MoneyTree Reports $35.6M in MI Venture Deals Last Quarter”
San Diego Life Sciences Roundup: IPOs, Illumina, KFx Medical, & More
The surge in U.S. initial public offerings has continued. According to the IPO experts at Renaissance Capital, there have been 44 healthcare IPOs across the country so far this year—the most in any sector. By my tally, at least 10 San Diego companies have filed for IPOs. Details on the latest filings are here, along … Continue reading “San Diego Life Sciences Roundup: IPOs, Illumina, KFx Medical, & More”
Advance Medical Lands $20,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=869e0320-f459-4f7e-b8cb-77b223adf868 Date 9/5/2013 Company Name Advance Medical Mailing Address 100 Lowder Brook Westwood, MA 02090 Company Description Advance Medical is an international health care services provider that has been helping patients with expert consultations from world experts since 1999. Website http://www.advance-medical.com Transaction Type Venture Equity Transaction Amount $20,000,000 Transaction Round Series B … Continue reading “Advance Medical Lands $20,000,000 Series B Financing Round”
Delphinus Medical Technologies Secures $11,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=311f5cfc-2751-40e1-a407-f2de865ddd39 Date 9/4/2013 Company Name Delphinus Medical Technologies Mailing Address 46701 Commerce Center Drive Plymouth, MI 48170 Company Description Delphinus has succeeded in building a three-dimensional full-breast ultrasound imaging device that effectively differentiates benign from malignant masses in breast cancer cases using a safe (non-ionizing), comfortable (non-compressing), and reliable (operator independent) patented … Continue reading “Delphinus Medical Technologies Secures $11,000,000 Series B Financing”
Delphinus Medical Technologies Garners $11,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=311f5cfc-2751-40e1-a407-f2de865ddd39 Date 9/4/2013 Company Name Delphinus Medical Technologies Mailing Address 46701 Commerce Center Drive Plymouth, MI 48170 Company Description Delphinus has succeeded in building a three-dimensional full-breast ultrasound imaging device that effectively differentiates benign from malignant masses in breast cancer cases using a safe (non-ionizing), comfortable (non-compressing), and reliable (operator independent) patented … Continue reading “Delphinus Medical Technologies Garners $11,000,000 Series B Round”
ArborMetrix Garners $7,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f7790b13-8e33-4f18-a086-e5f7d8725d5d Date 7/17/2013 Company Name ArborMetrix Mailing Address 2929 Plymouth Road Ann Arbor, MI 48105 Company Description ArborMetrix’s combination of clinical insight and statistical science powers one of the most strategic and flexible solutions your organization can deploy to measure clinical performance and efficiency. Website http://www.arbormetrix.com Transaction Type Venture Equity Transaction Amount … Continue reading “ArborMetrix Garners $7,000,000 Series B Financing Round”
ArborMetrix Platform Selected by MI Breast Oncology Quality Initiative
ArborMetrix, the Ann Arbor-based startup that aims to “filter the noise” out of the statistical approach to healthcare, says its cloud-based platform will replace the current platform used by the Michigan Breast Oncology Initiative (MiBOQI). The 26-hospital Collaborative Quality Initiative (CQI) will implement ArborMetrix’s technology to improve quality, safety, outcomes, and effectiveness of breast cancer treatment across Michigan. Blue … Continue reading “ArborMetrix Platform Selected by MI Breast Oncology Quality Initiative”
Esperion Therapeutics Secures $33,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=54581888-5aa9-4d47-8760-c047575de9e7&Preview=1 Date 4/25/2013 Company Name Esperion Therapeutics Mailing Address 46701 Commerce Center Drive Plymouth, MI 48170 Company Description Esperion Therapeutics, Inc. discovers and develops pharmaceutical products for the treatment of cardiovascular and metabolic diseases. Esperion intends to commercialize a novel class of drugs that focuses on a new treatment approach called HDL … Continue reading “Esperion Therapeutics Secures $33,000,000 New Funding Round”
BaroNova Garners $27,300,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cb7a1df3-54fb-4ab6-9073-c3c1576adb6d&Preview=1 Date 2/15/2013 Company Name BaroNova Mailing Address 281 Magnolia Ave Goleta, CA 93117 Company Description A medical device company focusing on developing innovative nonsurgical, nonpharmacologic therapies for the treatment of obesity. Website http://www.baronova.com Transaction Type Venture Equity Transaction Amount $27,300,000 Transaction Round Series C Proceeds Purposes Proceeds will be used to … Continue reading “BaroNova Garners $27,300,000 Series C Financing”
Mayleben Ends Short-Lived Retirement to Lead Esperion
Remember a few weeks ago when we wrote about Tim Mayleben’s retirement from Aastrom? Well, it wasn’t a retirement for good: Mayleben has a new gig as the CEO of Esperion Therapeutics, the Plymouth, MI-based startup developing small-molecule drugs to lower cholesterol. During its early years, Mayleben served as the COO and CFO of Esperion, and “In … Continue reading “Mayleben Ends Short-Lived Retirement to Lead Esperion”
Arboretum Ventures’ Petersen on VC in MI, What the Future Holds
The Michigan Venture Capital Association (MVCA) held its annual awards dinner last week, where it honored the VCs and deals of the year, so we thought it would be a good time to catch up with Arboretum Ventures‘ Tim Petersen, who also serves as the MVCA’s board chair. Petersen says the most interesting thing about … Continue reading “Arboretum Ventures’ Petersen on VC in MI, What the Future Holds”
Taking the Moneyball Approach to Healthcare with ArborMetrix
It’s clear, despite pre-election uncertainty, that accurate data will be crucial to the future of American healthcare. The name of the game will soon be metrics, as in: If you don’t meet these benchmarks, we’re not going to pay you. Having the best, most up-to-date data not only helps doctors improve care, but it also … Continue reading “Taking the Moneyball Approach to Healthcare with ArborMetrix”
State Launches Pure Michigan Venture Fund
Last month, the Michigan Economic Development Corporation (MEDC) announced it was accepting applications for the newly created Pure Michigan Venture Fund (PMVF). The fund, which has $5 million to invest and will seek an additional $4 million from the legislature, is targeting first- and second-generation venture capital firms that have raised at least $1 million … Continue reading “State Launches Pure Michigan Venture Fund”
Student-Led Wolverine Venture Fund Invests in Sonitus Medical
The Wolverine Venture Fund, a $5.5 million fund led by students at the University of Michigan, announced last week that it joined Arboretum Ventures in a $25 million Series A investment in Sonitus Medical, a California-based medical device company. This is the second time the Wolverine Venture Fund has invested in Sonitus Medical. This time around, the … Continue reading “Student-Led Wolverine Venture Fund Invests in Sonitus Medical”
Michigan VC Report Highlights Positive Trends
On the heels of Renaissance Venture Capital announcing earlier this month that it had its first close of $60 million on its second fund, the Michigan Venture Capital Association (MVCA) released its annual report on the state of Michigan’s venture ecosystem. Its findings? More venture capital—a 64 percent increase in the past five years—and more … Continue reading “Michigan VC Report Highlights Positive Trends”
Flagship Ventures Plans to Open Michigan Office
Cambridge, MA-based Flagship Ventures, a $900 million fund known for its successes with companies such as Accuri Cytometers and Acceleron Pharma, is planning to open an office in Michigan in the next six months, says Sean O’Donnell, VP at Credit Suisse’s Michigan office. The move comes after Venture Michigan Fund II (VMF II), a fund-of-fund which is … Continue reading “Flagship Ventures Plans to Open Michigan Office”
Tangent Medical Technologies Garners $4,500,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7dae3c99-3601-426e-9af4-0583de486185&Preview=1 Date 11/3/2011 Company Name Tangent Medical Technologies Mailing Address 58 Parkland Plaza Ann Arbor, MI 48103 Company Description Tangent Medical Technologies, Inc., is a development stage medical device development company formed in 2009 as a spinout from the University of Michigan’s Medical Innovation Center fellowship program. Website http://www.tangentmedical.com Transaction Type Venture … Continue reading “Tangent Medical Technologies Garners $4,500,000 Series A Round”
Arboretum Closes Third Fund with $140 Million
Ann Arbor, MI-based Arboretum Ventures, a venture capital firm specializing in early-stage healthcare investments, today announced the final closing of its third investment fund with capital commitments totaling $140 million, well above the $125 million target for the fund. The firm said in a press release that it now has $235 million in capital under management, and has invested … Continue reading “Arboretum Closes Third Fund with $140 Million”
With Esperion Reboot, Lipitor Co-Discoverer Roger Newton Pushes For Therapy Beyond Drugs
A few years ago, I went to see my doctor for a routine check-up. Blood tests showed I had a high count of low density lipoids (LDL), the so-called “bad cholesterol” that clogs arteries and causes heart attacks. “I’m prescribing you a statin,” the doctor said. I hesitated. “Uh….shouldn’t I try diet and exercise first?” … Continue reading “With Esperion Reboot, Lipitor Co-Discoverer Roger Newton Pushes For Therapy Beyond Drugs”
The Man With The Golden Touch: Jeff Williams Eyes Triple Crown Of Sorts With Life Magnetics
If Jeff Williams has brewed some sort of secret concoction to converting local startups into big pay days, he’s not letting on. “You just make sure you develop good companies that people want to have,” the low key Williams tells Xconomy. “We were fortunate to have some nice exits.” That may be the understatement of … Continue reading “The Man With The Golden Touch: Jeff Williams Eyes Triple Crown Of Sorts With Life Magnetics”
Serial Entrepreneur Jeff Williams To Lead Life Magnetics
If it ain’t broke, don’t fix it. Arboretum Ventures in Ann Arbor, MI, is once again teaming up with serial CEO Jeff Williams to try to spin a University of Michigan-bred company into investor gold. This time Williams will lead Life Magnetics, a startup developing a desktop diagnostic device that uses disposable cartridges to rapidly … Continue reading “Serial Entrepreneur Jeff Williams To Lead Life Magnetics”
Back For More: Renaissance Venture Capital Funding Arboretum Ventures III
The Renaissance Venture Capital Fund is doubling down on Arboretum Ventures. After already committing $5 million to Arboretum II, Renaissance is helping to bankroll Arboretum’s new $125 million fund, its third since 2002, Renaissance CEO Chris Rizik told Xconomy. Arboretum previously pulled together $73 million and $24 million for its first two funds. The Ann … Continue reading “Back For More: Renaissance Venture Capital Funding Arboretum Ventures III”
Get Your Ticket Now for Michigan 2031 on April 14 and Get a Free Copy of Josh Linkner’s NYT Best Selling Book, Disciplined Dreaming
Here at Xconomy, we know something about the great investor-entrepreneur relationships that are often behind the best companies: not only are we a startup ourselves, we write about the venture capital and startup scene every day—often chronicling the efforts of investors and entrepreneurs needed to weather the storms a company faces before it can be … Continue reading “Get Your Ticket Now for Michigan 2031 on April 14 and Get a Free Copy of Josh Linkner’s NYT Best Selling Book, Disciplined Dreaming”
MyHealthDirect Obtains $4,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4862d271-682f-4b46-a293-db40ab323264&Preview=1 Date 4/6/2011 Company Name MyHealthDirect Mailing Address 150 N. Sunnyslope Rd. Brookfield, WI 53005 Company Description MyHealthDIRECT (MHD) provides an innovative browser-based, software solution that connects members and patients to health providers at the most appropriate level of care. MHD supplies the missing gateway that enables managed care organizations, hospitals, HIEs, … Continue reading “MyHealthDirect Obtains $4,000,000 Series B Funding Round”
Accuri Exit Showers Michigan With A Lot Of Love
The more you look at Becton, Dickinson & Co.’s (NYSE:[[ticker:BDX]]) recently completed acquisition of Accuri Cytometers in Ann Arbor, MI, the more there is to like. Even savor. BD did not disclose financial terms, which is a little annoying since the medical device and equipment maker, based in Franklin Lakes, NJ, had no problem telling … Continue reading “Accuri Exit Showers Michigan With A Lot Of Love”
Countdown to Michigan 2031: Will Medical Devices Lead the Way?
If Michigan was looking for an industry to bolster its future high tech economy beyond automobiles, medical devices would appear to be a good bet. HandyLabs and Accuri Cytometers, both University of Michigan spinoffs based in Ann Arbor, MI, were recently purchased by Benton, Dickinson & Co. With nearly $8 billion in revenue last year, … Continue reading “Countdown to Michigan 2031: Will Medical Devices Lead the Way?”
Southwest Michigan First Life Science Fund Seeks Additional Firepower
The Southwest Michigan First Life Science Fund (SWMF) is close to completing an add-on round of financing to bolster its original $50 million fund. Managing director Pat Morand said he expects to announce something in a month or two. Though Morand declined to disclose the size of the add-on, he said it would be at … Continue reading “Southwest Michigan First Life Science Fund Seeks Additional Firepower”