ED  InvestMichigan!

http://www.investmichiganfund.com/





     Office Locations:

c/o Beringea
32330 W. 12 Mile Rd.
Farmington Hills, MI 48334
Phone: 248-489-9000
Fax: 248-489-8819

 

Stages:

  • Expansion
  • Growth


 

Industries:

  • Education & Training
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Retail & Restaurant
  • Software & Internet
  • Transportation & Distribution

  •  

    Description:

    InvestMichigan! Growth Capital Funds are part of the 2008 economic initiative created by Gov. Jennifer Granholm. Growth capital investments are made across a broad range of sectors in companies with enterprise values of less than $200 million and one of the following characteristics: are domiciled in Michigan; Have their corporate headquarters in Michigan; Have a significant percentage of their employees based in Michigan; or are in the process of planning an expansion in and/or relocation to Michigan. The Funds are co-managed by Beringea, a Michigan-based venture capital firm experienced in geographically targeted investment programs, and GCM Grosvenor Private Markets. The objectives of the Funds are to: Retain and attract growth businesses to Michigan; Nurture portfolio companies at each phase of development; Enhance Michigan's reputation for entrepreneurship; Attract leading regional and national private equity and venture capital investment funds to Michigan, and further develop Michigan's entrepreneurial ecosystem.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Charles Rothstein Senior Managing Director
    Mark Donnelly Principal
    Michael Gross Managing Director
    William Blake III Associate

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      02/07/2018


      Autobooks


      MI


      $10,000,000


      Series A-1


     

    Portfolio companies include:


      Autobooks
        web link


      CKE Restaurants


      ContentOro
        web link


      Detroit Institute of Music Education
        web link


      Fiber By-Products
        web link


      Freeosk
        web link


      Hastings Manufacturing


      InContext Solutions
        web link


      Montage
        web link


      Rethink
        web link


      Sharecare
        web link


      UICO
        web link


     

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