Who funds Michigan's venture capital funds?
One source is Renaissance Venture Capital Fund — an Ann Arbor-based venture capital fund of funds that makes primary investments in Michigan venture capital funds.
RCVF recently announced that since its inception in 2008, its initial investment of $16.7 million in 11 different venture capital funds has attracted $300 million of venture capital to 20 new Michigan companies, making a ratio of $17 of venture capital investment coming into Michigan for every dollar invested by RVCF.
To read the original article: Renaissance VC 'fund of funds' drives $300M to Michigan startups | 2013-07-11 | Grand Rapids Business Journal
