The Wolverine State Clawing at More and More VC Deals
April 26, 2013
With Plymouth, MI-based Esperion Therapeutics recently landing a healthy $33 million financing, we took to the PitchBook Platform to check out VC activity in The Great Lakes State. Since the beginning of 2009, VC investors have funded 109 Michigan-headquartered companies. The number of deals completed in the state each year has increased during that timeframe, nearly doubling from 24 financings in 2009 to 45 in 2012. This trend appears to be continuing, as Michigan has already seen 22 VC deals completed in 2013 to date, on pace to blow the previous year’s total out of the water.
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