Renaissance Venture Capital Fund raises $50M

Courtesy metromode - Job News  Wed, 09/08/2010 - 18:00

The venture capital fund of all funds in Michigan is now fully operational, and it has ties all over Metro Detroit.

The Renaissance Venture Capital Fund closed a $50 million investment vehicle earlier this week from a number of local business institutions.

The downtown Ann Arbor-based firm, which also has an office in downtown Detroit, plans to invest that money in both local venture capital firms and out-of-state venture capital firms with the intent to invest in local companies.

"It's...

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