Funding

Fontinalis Announced $104 Million Fund 3 To Invest in Mobility Startups
Announcements, Funding

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 in the next wave of mobility startups in the state of Michigan. This comes on the heels of multiple other news funds raised by venture capital firms around Michigan to continue the historic steep growth in investment in new tech companies around Michigan and the Midwest, which are now being hailed as some of the best cities in the nation for new startup growth and incubation.

Michigan Startup Funding News Roundup 2021
Announcements, Funding

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 startups in the state are located in Ann Arbor, even as of 2017, Detroit boasted a 50% increase in the number of new startups based in the city and continues on a fast track as an emerging startup hub. Here are some headlines you may have missed as Ann Arbor and Detroit’s tech and startup scene continues to grow at a record-setting pace.

Biotech Leader Amgen Expands to Ohio, Investing $365 Million & Creating 400 Jobs
Announcements, Funding, Life Sciences

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 Albany, Ohio, which is located near new insurtech/healthtech hub Columbus. This move will create 400 new jobs. The facility will feature Amgen’s advanced assembly and product packaging capabilities for medicines to be distributed in the U.S.

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