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Establishing an Ann Arbor office gives Michigan Capital Network a base to scout for deals, network with colleagues and recruit new angel investors. The Grand Rapids-based Michigan Capital Network has had staff in Southeast Michigan working remotely since 2021. The downtown Ann Arbor office, which…
Silicon Valley Bank's epic collapse further tightens the environment for venture capital-backed companies planning to raise additional and larger capital rounds in the near future, local investors say.The Santa Clara, Calif.-based bank's failure leaves a gaping hole in the ability of companies…
Venture capital investors put more money into Michigan-based companies last year, even as deal volume declined.In 2022, the VC sector invested $1.16 billion into companies in the state, an increase of more than 9 percent from the $1.06 billion invested in the prior year, according to a quarterly…