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Michigan VC Investments Rise More Than 50% to $771.6 Million in 2019

Michigan Business Network
January 30, 2020 12:00 PM

MVCA-MG-appointmentPublished by MVCA

Michigan shattered its previous record for venture capital investment in 2019, according to the Washington-based National Venture Capital Association and PitchBook.

Picture16-1A total of $771.6 million was invested in state companies last year, up $265.1 million, or more than 53 percent, from the previous record $506.5 million set in 2015. (The graphic above is from MVCA's 2019 Annual Research Report)

About Michigan Venture Capital Association
The Michigan Venture Capital Association (MVCA) is a nonprofit trade organization founded in 2002 to increase the amount of capital and talent available to venture and angel investors for the funding of Michigan’s most innovative entrepreneurs. The organization works closely with entrepreneurs to transform breakthrough ideas into new companies and industries that drive Michigan job creation and economic growth. MVCA membership includes private and corporate venture capital funds, angel investors, universities and economic development organizations, and service providers. More than 400 individuals are members of MVCA, representing over 100 organizations across the nation. For more information, visit www.MichiganVCA.org.

Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.