1. 2013
BYRON CENTER
Transcorp,Inc.
CLARE
Advanced Battery Concepts
EAST LANSING
Grand River Aseptic Manufacturing
Inpore Technologies,Inc.
Inventure Enterprises
Supported Intelligence,LLC
Gema Diagnostics
Innovative Surgical Solutions
FLINT
Global Energy
Innovations,Inc.
GRAND HAVEN
AzulStar
GRAND RAPIDS
Plumstone,Inc.
Blue Medora,LLC
Mock Draft Central
InforMed
Syzygy Biotech
Tetra Discovery Partners LLC
GRAWN
Altus Brands,LLC
HILLMAN
Mrs.Glee’s
Gluten Free Foods,LLC
HOLLAND
Xtrapickup,Corp.
Creative Byline
LANSING
Biophotonic Solutions
XG Sciences
AFID Therapeutics,Inc.
LELAND
Michelle’s Miracle,Inc.
MARQUETTE
Pioneer Surgical Technology
VIO
MAYVILLE
Grab-A-Cane
MIDLAND
Advanced Battery Concepts
Fulcrum Composites,Inc.
Midland Solar Applications,LLC
ePay Select,Inc.
PORT HURON
ParkingCarma,Inc.
SARANAC
Conceivex,Inc.
SPRING LAKE
American Glass Mosaic
TRAVERSE CITY
Silikids
Salamander
YPSILANTI
New Eagle
Products,Inc.
JACKSON
Eagle Rotary
IDV Solutions
NanoRETE
ZEELAND
Downstream,LLC
There were 103 active
VC backed companies in
Michigan,a growth of 66%
in the last 5 years.
In the last 5 years,the number of venture
capital investment professionals increased by
84% in Michigan,compared to a 13% decrease
in investment professionals nationally.
In 2013,Michigan-based
venture capital firms had
$1.6 billion dollars in
capital under management,
an increase of 45% in the
last 5 years
In 2013,there were 33 venture
capital firms either HQ’d or with
an office in MI,an increase of
50% in the last 5 years.
$120 million was invested
in 40 companies in Michigan.
This is an increase of 111% in
the number of companies
receiving investment last 5 years.
In 2013,there was 116
active angel backed
companies,this represents
a growth of 137% in the
number of active angel
backed companies in
the last 5 years.
In 2013 there were 94
venture capital firms with
investments in MI,32%
increase in the last 5 years.
66%
84%
45%
50%
111%
32%
DETROIT and the METRO AREA
365 Retail Markets,Algal Scientific
Corporation,Arbor Plastics Technologies,
Are You a Human,AutoBike,Inc.,BEET,LLC,BioSavita,
Inc.,Blaze Medical Devices,Boost Up,BoroPharm,3IS,
Inc.,Chalkfly,Clean Emission Fluids,Inc.,CMS Technologies,
Coliant Corporation,Critical SignalTechnologies,Danotek
MotionTechnologies,Delphinus Medical Technologies,DeNovo
Sciences,Inc.,DetroitLabs,EcoMotors International,Emiliem,Inc.,
Energy,Inc.,Envy Modular Wall Systems Inc.,Estrakon,Inc.,Fidelis
SeniorCare,First Sense Medical,Flud,Freeosk,Fusion Coolant
Systems,Inc.,Ginkgotree,gloStream,Grand Circus,GreenLancer,
GuidePoint Systems,Gumshoe,Hired My Way,iBiquity Digital,
iRule,Jadi,Inc.,Law Enforcement Intelligent Devices,Level
Eleven,Livio Radio,Memloom,Inc.,MIST Innovations,
Mitostem,Motion Technologies,Inc.,NextCAT,Inc.,Oxus
America,Plex Systems,ProNAi Therapeutics,Quikkly,
Relume Technologies,Saleztrack,LLC,SherTrack,
Shopwithit,Spider9,Inc.,Sunlogics,TM3
Systems,Inc.,Unitask,Software,UpTo,
Ventech,LLC,Workforce Software
DEERFIELD
NRG Dynamix
WEST MICHIGAN
Ablative Solutions
Axonia Medical
Lynx
MedElute
Metabolic Solutions Development
Micro Machine Company
Monteris Medical
Mophie
NephRX
Performance Fabrics
ProNai
RealBio Technology
Ranir
Tolera Therapeutics
Transcorp
Varsity News Network
Vestaron
Xanitos
Zipments
VENTURE-BACKED
COMPANIES
40% Information Technology
37% Life Science
16% Advanced Materials &
Manufacturing,Alternative
Energy
7% Consumer Products
and Other
KEY FACTS
33Venture Funds,2 Corporate VC firms,
2 fund of funds
104Venture-Backed Companies active
in MI in 2013
$4.0B Total Capital under Management -
$1.6B Total Capital under Management for
firms headquartered in Michigan
40 companies in Michigan received more
than $120 million in venture capital
funding in 2013
9 Angel Groups/Networks in Michigan
116 Angel or pre-seed funded companies
active in MI in 2013
36 companies in Michigan received more
than $9.9 million in angel capital funding
in 2013
ANGEL-BACKED
COMPANIES
35% Life Science
25% Information Technology
23% Advanced Materials and
Manufacturing
10% E-Commerce and Consumer
Products
7% Alternative Energy
137137%%
ANN ARBOR AREA
3D Biomatrix,Accio Energy,Akasha
Crystals,AlertWatch,Inc.,Amplifinity,Arbor
Photonics,Arbor Phontics,Arborlight,LLC,
ArborMetrix,ArborWind,Atterocor,Avegant Corp,
Bandals,LLC,Biotectix,LLC, Cerenis Therapeutics,Cielo
MedSolutions,Covaron,Inc,Current Motor Company,LLC,
CytoPherx,Deepfield Networks,Discera,EcoDuro,Duo Security,
Epsilon Imaging,Inc.,ERT Systems,LLC,Esperion Therapeutics,
Farmlogs,Fiber By-products,FlockTAG,LLC,ForeSee Results,
FreeStride Therapeutics,Inc.,Gema Diagnostics,HistoSonics,Hygieia,
Inc.,InfoReady,Corp.,InterLink Networks,InTouch,IROA Technologies,
LLC,Ix Innovations,Janeeva,Inc.,Kontextual,Inc,Larky,Local Orbit,
Lycera,MaxFunds.com,Molecular Imaging Research,MyBuys,NanoBio,
Nanocerox,Nematron,NextGen Metabalomics,Nymirum,OcuSciences,
OptoAtmospherics,OtoMedicine,Patient Provider Communications,
Inc.,Phrixus Pharmaceuticals,Inc.,Pinoccio,Inc.,Pixel Velocity,Inc.,
Portal Architects,Quantum Learning Technologies,ReCellular,
RetroSense Therapeutics, Root3,Rubicon Genomics,Sakti3,
Seelio,SensiGen,SkySpecs,Solidica,STKR.it,Nymirum,Swift
BioSciences,Reveal Design Automation,Tangent
Medical,Inc.,Tissue Regeneration Systems,Tolera
Therapeutics,Inc.,Translume,White Pine
Systems,LLC,XanEdu
KALAMAZOO
Ablative Solutions
Aursos,Inc.
Axonia Medical,Inc.
Micro Machine Company
RealBio Technology,Inc.
Vestaron
MAP KEY
Venture-Backed
Companies
Angel-Backed
Companies
Both