Saturday, Jul 3, 2010
The Renaissance Venture Capital Fund (RVCF) continues to grow and is achieving significant success. Earlier in the year, the fund received national attention, establishing itself as the nation’s largest privately funded, regional venture capital fund of funds. Check out some of these impressive stats:
- Amount of capital invested so far by RVCF into its portfolio VC funds: $ 4.9 million
- Amount invested in Michigan companies by its portfolio VC funds so far: $ 18.1 million (nearly 4x of RVCF’s investment)
- Number of Michigan companies receiving investment from RVCF’s portfolio VC funds so far: 9
- Amount of total VC investment received by those Michigan companies so far: $146 million (around 30x of RVCF’s investment)
- Number of jobs created in those Michigan companies: 136