September Investments: Look at the Numbers

By Amanda Lewan on October 4th, 2013 / Comments

Each month Michipreneur will recap investment news across the state. Businesses continue to grow in Detroit, Ann Arbor, Grand Rapids and more. Below are some highlights from investment news we found, and reports of interest for entrepreneurs and small businesses.

In Crains, Venture Investors LLC announces they’ve closed their latest fund of $80 million in an Early State Fund V Limited Partnership. The group is headquartered in Wisconsin but has an Ann Arbor office and often invests in local Michigan startups.

Xconomy highlights the $75,000 in awards giving out to this year’s Entrepreneur -YOU female entrepreneur competition. Awards went to startups that fit the categories of high growth, social enterprise, or lifestyle business

Grand rapids & AA listed on Kaufman’s startup hub report. The report shows it takes decades to build startup hubs, and ranks these Michigan cities with others in the U.S.

Three companies (manufacturing and software development) are investing $10.6 million and adding an estimated 250 jobs in Michigan.

TechTown Detroit receives a grant of $800,000 to extend their business services to Detroit’s neighborhoods.

Food entrepreneurs see more support through Eastern Market loans, amounting too $100k in small business microloans.

Detroit’s Chalkfly is named on of the best young companies to work for. We’ve covered this startup’s recent updates and first launch.

In Ann Arbor, Toyota announces an investment of $28 million to expand their Ann Arbor operations.

Grand Rapids sees $1million in seed investment to a neurological drug developer, and $60k more to three Start Garden startups

Previously: July Look at the NumbersAugust Look at the Numbers.

Please send any investment news and information to Amanda@michipreneur.com.

About the Author

Amanda Lewan

Amanda Lewan

Editor @michipreneur. Co-founder Bamboo Detroit. Follow me @Amanda_Jenn. I love telling the story of entrepreneurs and innovators.