funding
Plymouth Funding News
Plymouth Raises New $125M Fund for Startups Plymouth Growth Partners, a growth equity firm based in Ann Arbor, Michigan, has just announced…
FDIC Seizes Republic in Third Bank Failure of 2023
Third Major Bank Failure of 2023 Republic Bank has been seized by the FDIC after the third major bank failure of 2023 in the U.S., following…
Tech Startups Scramble After Silicon Valley Bank Collapse, Bank-to-Bank Bailout
The Silicon Valley Bank website has been taken over by "Silicon Valley Bridge Bank" to create a vehicle to serve existing SVB depositors via…
Immuta Inc. Gains Silicon Valley Investor, Valued at $1 billion
Immuta Inc., a newly minted unicorn tech startup in the Drive Capital LLC and Ohio Innovation Fund portfolios, has added a new publicly…
Forj raises $15 million and announces merger
Startup Forj has just raised a $15 million-dollar Series A funding round and announced a merger with Web Courseworks that will come together…
How to connect with Chicago's startup ecosystem
Desiree Vargas Wrigley runs TechRise and P33 Chicago, a startup community and pitch competition that supports women and BIPOC startup…
6 Ways to Secure Funding for Your Startup
Image courtesy Pexels. This article is a guest post by contributor Dean Burgess of Excitepreneur.net. The opinions herein are the sole…
QualSights raises just under $8 million for IoT AI consumer research platform
QualSight's combination of research on consumer habits and IoT sensors allow brands to capture insights on product design and usage…
Chicago's TechRise supports entrepreneurs with generous pitch competition grants
Chicago is still growing as an emerging tech hub. Meet P33, an organization that is supporting entrepreneurs that are historically…
How Is Your Company Weathering the Economic Shift? Send Us Your Tips.
Startups with a few years under their belt based in the Midwest might have an easier time than new startups (pictured above a May Mobility…
Chicago Startups Continue Fundraising Streak
Salesforce Tower, Chicago, courtesy Salesforce. Built in Chicago reports this week that it has been another busy month for the windy city's…
Chicago's Fly.io Closes $37 Million in Funding, Is Hiring
Chicago's Fly.io helps small companies launch and run applications with a global network of servers with low latency and affordable prices…
record-breaking VC investment draws 43x investment dollars to Michigan
Michigan is a flyover state no longer. Even in the midst of a pandemic that shut down swaths of business, venture capital was still at work…
Ford Cuts Jobs To Fund EV Investment
A Ford F150 Lightning charging. Photo courtesy Ford Motor Co. In a cost-cutting move to assure the jump to an EV future, Ford Motor Co. is…
Columbus's Branch Achieves Unicorn Status
Columbus insurtech startup Branch has achieved unicorn status with a total valuation of $1.05 billion with its Series C raise of $14…
Midwest Climate Tech Startups Find Funding through Evergreen
Evergreen Climate Innovation’s 501vc Investment Fund now invests $200k - $300k in early-stage climate tech startups in the Greater Midwest…
Wind Turbine Drone Inspection Startup SkySpecs Raises Record-Breaking $80M Round Led by Goldman Sachs
Ann Arbor-based renewable energy O&M solutions startup SkySpecs has just announced an $80 million strategic capital raise led by the…
Pitch Your Startup at 2022 Pitch @ WCC
The Washtenaw Community College Entrepreneurship Center's premier event of the year, Pitch @ WCC, is taking place this year in hybrid format…
Find Funding For Your Business with SPARK's Funding Stage Guide & Programs
Did you know that Michigan business incubator and support organization SPARK helps with guiding regional entrepreneurs through the startup…
Find Climate Business Funding with the CleanTech Funding Database
The Clean Energy Business Network has created a database of funding opportunities for cleantech businesses. This helps pair eligible…
Genomics AI startup Genomenon rapidly expands genomics data userbase, raises $20 million
Genomenon leadership Steve Schwartz, Mike Klein, Mark Kiel, and Candace Chapman at the startup's headquarters in Ann Arbor. Genomenon, Ann…
MedTech Startup MediView XR Raises $9.9M
MediView XR, a Midwest-based medtech startup out of Cleveland, just announced they have raised a $9.9 million round of funding. This round…
North Coast Ventures Raises $38M for Midwest SaaS Startups
Cleveland's North Coast Ventures has raised another $38 million to invest in Midwest startup companies, after investing $60 million in 5…
Investors Pour $2.8 Billion into Fastest Growing Global Hub Toronto
The world's fastest growing tech hub is now Toronto. The Waterloo Corridor around Toronto has finally achieved its goal of creating a tech…
May Mobility Raises $83 Million in Series C Supported by Toyota, BMW
May Mobility, one of Ann Arbor's top mobility startups that created a self-driving shuttle, just closed an $83 million Series C round of…
Lower AI Offers High-Yield Savings Match to Homebuyers, Grows by 1,000 Employees, Raises $100M
Columbus fintech Lower, launched in 2014, has had an amazing year, with nearly 1,000 employees added in 2021 and a Series A round raised of…
Boomerang Catapult Invests in Uru Sports of Traverse City, a Global Athlete Networking Service
Boomerang Catapult has just announced a significant investment in Uru Sports, a Traverse City, Michigan, startup that has created a global…
Midwest High Growth Tech Startups to Watch 2022: Columbus
Columbus has a number of partnerships pulling together various cities around the state to pool resources on building a tech ecosystem, and…
Midwest High Growth Tech Startups to Watch 2022: Chicago
Chicago mints a new unicorn company about once a month now. That's because the Windy City has become a center for tech startups ever since…
Midwest High Growth Tech Startups To Watch 2022: Detroit
Detroit is now chock full of incubators, startups, VCs hunting for dealflow in the Midwest, bootcamps, and career fairs. Photo credit the…
Skykick Announces $130 Million in Funding, Detroit Expansion
Skykick has announced $130 million in funding, which will allow the IT no-code and low codes cloud automation software firm to expand to…
Benzinga Acquired by Beringer Capital, Valuing at $300 Million
Beringer Capital, a private equity firm specializing in media, marketing services, and technology, announced it has acquired a majority…
Students Launch New Venture Fund for Climate Tech Startups
University of Michigan students and faculty have just launched a student-run investment fund focused on supporting early-stage climate tech…
Ann Arbor's 4th Mobility Summit Offers Behind the Scenes Look at How Mobility Investment Is Changing
At Ann Arbor's 4th annual Mobility Summit, the focus was on investment in the mobility space. PitchBook's Asad Hussein reported "a flurry of…
Ontario's Waterloo Region Raises Record Startup Funding
The Waterloo region is home to growing number of tech startups. Previously, Cronicle reported on Waterloo region startup Tauria, whose end…
Rivian Registers for IPO Hoping for $80 Billion Valuation
Rivian, the Michigan-based EV pickup startup, has just filed for an IPO hoping for a roughly $80 billion valuation. Rivian said in a…
Fontinalis Announced $104 Million Fund 3 To Invest in Mobility Startups
The Michigan Venture Capital Association has just announced a partnership with Fontinalis Partners to create a $104 million Fund 3 to invest…
Michigan Startup Funding News Roundup 2021
It's been a busier than usual year for startup funding around Michigan's growing entrepreneurial ecosystems. While nearly half the VC-funded…
2021 Ann Arbor Entrepreneurial Ecosystem: +64% High-Growth VC-Backed Startups in 7 Years
Ann Arbor is home to nearly half of all high-tech startup in the state of Michigan. What's the state of Ann Arbor's entrepreneurial…
Detroit SaaS Startup Algo Disrupts Supply Chain Management with Support of Plymouth Growth
Algo, a leading innovator in end-to-end supply chain optimization software based in the Detroit suburbs, announced recently that it received…
Who Are Chicago's 2021 Tech Unicorns? Meet Aeroseal.
Tech startups have been growing in Chicago since big tech started building second headquarters in the region, including Salesforce's sales…
Who Are The 2021 Chicago Tech Unicorns? Meet Amount.
Chicago minted no fewer than 8 unicorn startups already in 2021, and the year is only half over, easily doubling last year's count. Why is…
Biotech Leader Amgen Expands to Ohio, Investing $365 Million & Creating 400 Jobs
Leading biotechnology company Amgen announced recently that it plans to invest $365 million to build a new manufacturing facility in New…
Chicago Continues Historic Growth, Minting 8 Tech Startups Valued $1 Billion + in 2021
The Windy City has boasted a growing number of tech startups and unicorns, or tech startups valued over $1 billion, since big tech started…
State of Detroit's Entrepreneurial Community: $800 million, 333% Increase in Capital, Attracted by Tech Startups
Nonprofit research institution EntryPoint recently announced the release of its 2021 Detroit Entrepreneurial Ecosystem Report, which shows a…
Chicago's Latest of Five 2021 Tech Unicorns: G2 Software Marketplace
Chicago has been minting unicorn companies, or startups valued at over $1 billion, at a brisk rate in 2021. New unicorn G2 is the fifth of…
Michigan Midwest Startup Report (MVCA)
The 2021 MVCA Research Report has just been released, with more details available than our recent interview with Executive Director Ara…
State of the Startup: Trends in Startup Funding in Michigan 2021 (Pt 2)
Invest Detroit and ID Ventures invests in Detroit and Southeast Michigan startups, including Asalyxa Bio, Functional Fluidics, and Airspace…
The State of the Startup: What's Happening in Michigan Startup Funding? (Pt 1)
The MVCA Board in Michigan. Michigan's economy has had a "K shaped recovery" as the COVID-19 pandemic had a disproportionate effect on…
Ann Arbor's Asalyxa Bio Raises $2 Million To Start Clinical Trials for Neutrophil-Targeting Drug Delivery Tech
Asalyxa Bio, Inc., a biopharmaceutical startup developing nano-engineered, immune cell-targeted therapeutics, just announced the closing of…
3 Lansing LEAP Startups Land on Michigan Tech Startup Hotlist
Three Michigan startups supported by mid-Michigan's incubator Lansing LEAP have just been named to a Michigan list of 25 top startups, the…
Blumira Hires Veteran Jim Simpson as VP Product As Security Startup Doubles Hiring
The Blumira team has expanded during COVID, leaving them with a Zoom compilation for a company photo. How does someone build a career in…
Save Pinball Pete's: Popular Lansing and Ann Arbor Arcade Needs Support Through COVID
Pinball Pete's arcade is a favorite haunt of both Ann Arborites and Lansing residents who cherish memories of gathering with friends around…
AaDya Expands Ann Arbor Security Startup Scene to Detroit
Raffaele Mautone is founder and CEO of AaDya, former Duo Security alum from Ann Arbor. Another security startup has joined the growing ranks…
Blumira Builds On Ann Arbor's Rise as Emerging Security Tech Hub
Blumira Raises $2.6 Million in Seed Round If you're in tech, you know something special has been happening in Ann Arbor, Michigan, the last…
What Would It Take For Ann Arbor To Be The Next Biotech Hub?
This article is a guest post from Cameron McCausland. Cameron is a partner in and currently leads the overall strategy and asset management…
Washtenaw County's Economic Resilience Uneven But Holds Through COVID
EntryPoint today just released its 2020 Ann Arbor Entrepreneurial Ecosystem Report, which covers everything from 20 years of growth in the…
Censys Raises $15.5 Million, Hiring To Double Staff, As Cybersecurity Startup Announces New Features
The Censys team in Ann Arbor's Main Street offices. In light of the recent Meow attacks that delete vulnerable databases on the internet, we…
"Bar Napkin" Pitches @ TCNewTech Michigan Tech Virtual Takeover Pitch Competition Tomorrow
TCNewTech pitch competition TCNewTech Welcomes Michigan Tech and Husky Innovate Startups to August Meetup The following is a press release…
David Ponraj's StartupSpace Democratizes Access For Underserved Business Owners
David Ponraj is founder and CEO of StartupSpace Just a little over 2 years ago, David Ponraj decided to do something for underserved…
How Do You Launch A Business During a Pandemic? 100K Ideas Takes Entrepreneurs from Ideation to Launch
Brandee Cooke, Executive Director 100K Ideas "Ferris Wheel Flint is the building--a coworking space with 7 floors and flexible memberships…
Washtenaw Community College Offers Free Business Planning Support
How To Start A Small Business in Michigan... During Shutdown So you’re laid off, or already thinking of starting a new company, but now it…
Behind The Scenes of Midwest Tech During COVID-19
An event at 20 Fathoms in Traverse City, Michigan, a growing coworking and incubator space for startups in northern Michigan. Incubator…
Washtenaw County COVID-19 Business Impact Report Now Available
Michigan's business analysis firm EntryPoint has just released the Washtenaw County COVID-19 Business Impact Report to help business owners…
How Tech Startups Are Succeeding During COVID-19
Research labs have been shut down. Small businesses are searching for funding. But it's not all bad news in the emerging tech hubs of the…
The 2020 Midwest Tech & Venture Capital Scene with Chicago's Hyde Park Ventures
Hyde Park Ventures' Managing Director Guy Turner heads up the Chicago office of the VC investing firm. With everything going on in the world…
MVCA Releases 2020 Annual Research Report on Venture Capital in Michigan
Today, the Michigan Venture Capital Association released its annual research report on the state of venture capital in Michigan. As with…
Michigan Announces SBA Paycheck Protection Program
Michigan launches statewide effort to encourage businesses to apply for $349 billion SBA Paycheck Protection Program, starting today…
Announcing The Washtenaw Small Business Resiliency Fund
Small businesses in Washtenaw County have another option to help bridge the coronavirus crisis: Ann Arbor SPARK has just announced the new…
Lansing Region LEAP Emergency Small Business Relief Grant Applications Now Open To Mid-Michigan Businesses
We're posting these business loan and grant programs quickly for Michigan area businesses both because we know small businesses are hurting…
MEDC Announces Michigan Small Business Relief Program
MEDC Announces Michigan Small Business Relief Program Up to $20 million in grants and loans now available to Michigan’s small businesses…
Ann Arbor SPARK Business Resources for COVID-19 Response
Ann Arbor SPARK is emerging tech hub Ann Arbor's premier small business support organization and new business incubator. We connected with…
Emergency Funds To Help Michigan Small Businesses Through COVID-19 Planning
The following is a press release from LEAP in Lansing, Michigan regarding COVID-19 emergency funding and access to small grants and loans…
Lean Rocket Lab Offers Incubator Mentorship to Midwest Manufacturing Tech Companies
Lean Rocket Lab in downtown Jackson, Michigan, a global hub of manufacturing companies. Brandon Marken is co-founder and CEO of Lean Rocket…
How To Know If An Incubator or Accelerator Program Is Right For Your Startup
Diane Bouis of the University of Michigan Office of TechTransfer connects startups at U of M with the tech community in Ann Arbor. Startup…
Detroit's ID Ventures Announces New First in the U.S. Google Partnership
The ID Ventures team, Martin Dober far right. A continuing problem in an emerging tech and startup hub like southeast Michigan is lagging…
EntryPoint's Emily Heintz on The Challenges of Tech Growth in Michigan
Emily Heintz has been featured in Forbes Magazine, Axios, and VentureBeat. She was also named to Crain’s Detroit Business 40 Under 40 List…
SkySpecs Wind Turbine Inspection Drone Tech Now Operating In 19 Countries
A SkySpecs drone inspects wind turbines on a wind farm. "We recently closed on $17 million in funding, reinforcing our commitment to the…
MTRAC: How a Michigan Life Science Startup Is Born
Susan Shore, Ph.D.. Technology aims to remodel neural pathways that cause ringing in ears. Joe Affholter of Michigan State Unversity and…
How The MEDC Supports Michigan Startups
Denise Graves is Director of University Relations for the MEDC. How The Michigan Economic Development Corporation Helps Companies Get…