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MVCA Associate Director Talks Venture Capital Activity In Michigan

Wednesday, April 26, 2017   (0 Comments)
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ROYAL OAK – Emily Heintz, Associate Director of the Michigan Venture Capital Association, discusses the highlights of the MVCA 2017 Annual Report, covering Venture Capital activity in Michigan during 2016.

 

Key highlights include:

  • There were 141 active venture-backed startups in Michigan in 2016, which is a 48% increase in the last five years.
  • 54 startups in Michigan received more than $222M from Michigan venture capital firms in 2016, a 42% increase from the previous five years.
  • Every $1 invested in a Michigan startup by a Michigan venture capital firm attracts $4.61 of investment from outside of Michigan.
  • There are 33 venture firms headquartered or with an office in Michigan.
  • Total venture capital under management in Michigan in 2016 was $4 billion, a 34% increase in the last five years; however, a 24% decrease over the previous year.
  • In the last five years, the number of venture capital investment professionals living, working and investing in Michigan has increased by 41%.
  • $16.9 million was invested in Michigan startups led by a CEO who is a minority, is female, or identifies as LGBTQ.
  • This year, MVCA expanded the research report to include mobility as a sector of focus.  6% of all investments made by Michigan venture capital firms were in mobility startups.

Listen to the complete podcast via MITechNews.com here.

 


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