Renaissance Venture Capital Fund thrives on Michigan investments
The Detroit-based Renaissance Venture Capital Fund is getting landmark returns through investing in Michigan companies. Excerpt: "The Renaissance Venture Capital Fund(RVCF) is a Michigan based venture capital fund. The company has announced today that their initial investment of $16.7 million has led to a total of nearly $300 million in 20 new Michigan companies. This means that they are seeing a ratio of $17 venture capital investment coming into Michigan for every dollar invested by the RVCF. This led to the creation of hundreds of high-wage jobs that pay an average of $80,000 per year." More here.
The Detroit-based Renaissance Venture Capital Fund is getting landmark returns through investing in Michigan companies.
Excerpt:
“The Renaissance Venture Capital Fund(RVCF) is a Michigan based venture capital fund. The company has announced today that their initial investment of $16.7 million has led to a total of nearly $300 million in 20 new Michigan companies. This means that they are seeing a ratio of $17 venture capital investment coming into Michigan for every dollar invested by the RVCF. This led to the creation of hundreds of high-wage jobs that pay an average of $80,000 per year.”
More here.
Related Articles
Partner Partner Content Detroit’s water affordability crisis is tied to the uneven distribution of stormwater management costs – a fraught history explains why
Some Detroit residents spend as much as 25% of their disposable income on water bills. Many are struggling to keep up.
Former inmate turned entrepreneur is moving Detroit, literally and musically
Detroit entrepreneur Michael Parrish rebuilt his life after serving nine years in prison by transforming a single box truck into a growing moving company, while also releasing a hip-hop album inspired by his life story.
On-Demand Coaching helps Michigan municipalities and their small businesses build a winning team
Program helps municipalities connect small businesses and entrepreneurs with existing capital and technical assistance.
