Investments
22Portfolio Exits
5About InvestMichigan!
InvestMichigan! is a $300 million program, capitalized by the State of Michigan Retirement System. In order to support companies at both early and later stages of development, the Program has been divided into two pools of capital: one targeting smaller companies with high growth characteristics and another targeting more mature companies seeking a change of control through a buyout transaction.
InvestMichigan! Investments
22 Investments
InvestMichigan! has made 22 investments. Their latest investment was in ONL Therapeutics as part of their Convertible Note on August 8, 2019.
InvestMichigan! Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/22/2019 | Convertible Note | ONL Therapeutics | $3M | No | 5 | |
1/8/2019 | Seed VC - III | Genomenon | $2.5M | No | Danmar Capital, Detroit Innovate, H.W. Kaufman, IrishAngels, Michigan Angel Fund, MINTS, Monroe-Brown Biomedical Seed Fund, Three Leaf Ventures, and Undisclosed Investors | 4 |
11/13/2018 | Series D - II | Arrive | $5M | Yes | Alate Partners, Alexis Ohanian, Alumni Ventures, Amazon Alexa Fund, Amicus Capital, Amreesh Modi, Arba Seed Investment Group, Baird Capital Partners, Beringea, Chaifetz Group, Don Hutchison, Escalate Capital Partners, Garry Tan, Hyde Park Angels, Hyde Park Venture Partners, Initialized Capital, Jump Capital, NewSpring Capital, and Purple Arch Ventures | 3 |
10/5/2018 | Series C | |||||
5/11/2018 | Convertible Note |
Date | 8/22/2019 | 1/8/2019 | 11/13/2018 | 10/5/2018 | 5/11/2018 |
|---|---|---|---|---|---|
Round | Convertible Note | Seed VC - III | Series D - II | Series C | Convertible Note |
Company | ONL Therapeutics | Genomenon | Arrive | ||
Amount | $3M | $2.5M | $5M | ||
New? | No | No | Yes | ||
Co-Investors | Danmar Capital, Detroit Innovate, H.W. Kaufman, IrishAngels, Michigan Angel Fund, MINTS, Monroe-Brown Biomedical Seed Fund, Three Leaf Ventures, and Undisclosed Investors | Alate Partners, Alexis Ohanian, Alumni Ventures, Amazon Alexa Fund, Amicus Capital, Amreesh Modi, Arba Seed Investment Group, Baird Capital Partners, Beringea, Chaifetz Group, Don Hutchison, Escalate Capital Partners, Garry Tan, Hyde Park Angels, Hyde Park Venture Partners, Initialized Capital, Jump Capital, NewSpring Capital, and Purple Arch Ventures | |||
Sources | 5 | 4 | 3 |
InvestMichigan! Portfolio Exits
5 Portfolio Exits
InvestMichigan! has 5 portfolio exits. Their latest portfolio exit was Xanitos on June 29, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/29/2021 | Acq - Fin | 2 | |||
Date | 6/29/2021 | ||||
|---|---|---|---|---|---|
Exit | Acq - Fin | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
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