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Office Locations:
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c/o Beringea
32330 W. 12 Mile Rd.
Farmington Hills, MI 48334
Phone: 248-489-1200
Fax: 248-489-8819
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Education & Training
Life Sciences & Healthcare
Manufacturing & Industrial
Retail & Restaurant
Software & Internet
Transportation & Distribution
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InvestMichigan! Growth Capital Funds are part of the 2008 economic initiative created by Gov. Jennifer Granholm. Growth capital investments are made across a broad range of sectors in companies with enterprise values of less than $200 million and one of the following characteristics: are domiciled in Michigan; Have their corporate headquarters in Michigan; Have a significant percentage of their employees based in Michigan; or are in the process of planning an expansion in and/or relocation to Michigan. The Funds are co-managed by Beringea, a Michigan-based venture capital firm experienced in geographically targeted investment programs, and GCM Grosvenor Private Markets. The objectives of the Funds are to: Retain and attract growth businesses to Michigan; Nurture portfolio companies at each phase of development; Enhance Michigan's reputation for entrepreneurship; Attract leading regional and national private equity and venture capital investment funds to Michigan, and further develop Michigan's entrepreneurial ecosystem. The InvestMichigan! Growth Capital Funds will invest $5-15 million in companies.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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| COMPANY STAGE | REVENUE |
| Venture Capital | |
Seed Stage
(includes "pre-seed," or
concept stage) | No Revenue |
| Early Stage | Minimal
Revenue |
Growth Stage
(also called Mid-stage) | $2M-$7M |
Expansion Stage
(also called Late-stage) | $7M and greater |
| Private Equity | |
| Lower Middle Market | $10M-$249M |
| Middle Market | $250M-$499M |
| Upper Middle Market | $500M-$1B |
| Large Cap | >$1B |
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