Alerje, a Detroit-based company developing medical devices and software for severe food allergies, receives follow-on investment from Michigan Rise to expand its product range and improve allergy management.
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EAST LANSING, Mich. –– Michigan Rise has expanded its life science and medical device portfolio with an investment in Magsorbeo Biomedical, an orthopedic medical device startup based in Detroit and East Lansing. The company is developing advanced bioabsorbable implants from Curasorb, its proprietary magnesium alloy developed in partnership with Terves Inc. which is designed to be safely absorbed by the body over time, with the goal of reducing surgical interventions, improving patient quality of life and outcomes, and lowering healthcare costs.
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EAST LANSING, Mich. –– Michigan Rise has expanded its portfolio in GovTech and CleanTech with an investment in BlueConduit, headquartered in Ann Arbor. BlueConduit has developed an innovative SaaS platform that uses predictive modeling to accurately identify lead service lines (LSL). The platform provides automated reporting tools for municipalities to fulfill mandatory reporting requirements set by the Environmental Protection Agency (EPA).
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EAST LANSING, Mich. –– Michigan Rise has expanded its MedTech portfolio by investing in Wide Awake VR, based in Ann Arbor. Wide Awake VR is an enterprise platform for curating and administrating immersive patient experiences using virtual reality (VR).
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EAST LANSING, Mich. –– Michigan Rise has added Throdle, Inc. to its growing portfolio in the information technology sector. Based in Ypsilanti, Throdle is a social media plus platform facilitating a digital community for car enthusiasts who primarily meet at physical events. The platform provides event push notification features and much more. Throdle aims to bring a $28B market online, centralizing forums and gatherings for car enthusiasts and helping advertisers reach them.
Read MoreEAST LANSING, Mich. –– Michigan Rise has expanded its paint, coating, and adhesive manufacturing portfolio with an investment in Repela Tech, a cleantech startup located at the Michigan Life Science & Innovation Center (MLSIC).
Read MoreMichigan Rise has announced an investment in FreightRoll, Inc. during the company's pre-seed extension round. FreightRoll has developed Digital Guard, an automated solution that offers a paperless alternative to traditional full-time warehouse gate attendants. This technology streamlines the authentication and entry process for truck drivers and shipments, allowing companies to reduce overhead costs and enhance operational efficiency.
Read MoreMichigan Rise has expanded its life sciences portfolio with an investment in medical device company, MediCool Technologies. The Traverse City based company is developing a painless and potentially more effective implantable cardioversion device for treating atrial fibrillation (A-Fib), the most common heart arrhythmia, affecting over 6 million people in the United States.
Read MoreMichigan Rise has announced its recent investment in Promethient, the innovative creator of Thermavance climate control technology. With this strategic partnership, Michigan Rise aims to fuel Promethient's growth and accelerate the adoption of their cutting-edge solution, revolutionizing climate control systems across various industries.
Read MoreSniffer Robotics, a leading environmental technology enabled services firm, today announced first and substantial close of a $2 million seed funding round, led by the Michigan Angel Fund. Other investors include Michigan Rise, Naruhisa Nakagawa (founder of Caygan Capital), and Abhi Desai of Desai Ventures (London).
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Enspired Solutions, a woman-owned and led cleantech science firm headquartered in East Lansing, Michigan, has successfully closed its first round of seed funding to support the final stages of field pilot testing and commercialization of PFASigator, a revolutionary technology designed to destroy harmful PFAS chemicals in the environment.
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Congratulations to An Bui, Owen Bitner, Larson DeBouver, Cameron Korman, Shane Schwarz, and Will Smalley for taking 2nd overall in The University of Chicago Booth School of Business Venture Capital Investment Competition on February 4, 2023.
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EAST LANSING, Mich., Jan. 25, 2023 /PRNewswire/ -- Iaso Therapeutics, a Michigan State University startup developing novel technologies for next-generation vaccines, recently closed the first tranche of the company's $1.25M Series Seed Preferred round of financing.
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FOSTER CITY, Calif. & ANN ARBOR, Mich.--(BUSINESS WIRE)-- Gilead Sciences, Inc. (Nasdaq: GILD) and EVOQ Therapeutics, Inc. (EVOQ) today announced a collaboration and licensing agreement to advance EVOQ’s proprietary technology for the treatment of rheumatoid arthritis (RA) and lupus. EVOQ’s NanoDisc technology is designed to enable lymph targeted delivery of disease-specific antigens and has the potential to change the paradigm for the treatment of autoimmune diseases.
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DETROIT—Pocketnest, the female-founded financial wellness platform, announces its latest $2.6M capital raise from a round led by Reseda Group.
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ANN ARBOR, Mich., December 13, 2022 – EVOQ Therapeutics, Inc. (EVOQ), a biopharmaceutical company focused on the discovery and development of drugs to treat patients afflicted with autoimmune diseases, today announced a collaboration with JDRF for the development of a new drug platform for antigen-specific immune-tolerizing therapy against Type 1 diabetes (T1D).
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Genomenon®, Inc., an AI-driven genomics company, announced more details on their plan to curate the genes associated with over 450 rare diseases for the purpose of newborn screening via next generation DNA sequencing. The program is the first initiative in Genomenon’s mission to curate the entire human genome and is an essential part of the BeginNGS™ newborn sequencing project led by Rady Children’s Institute for Genomic Medicine (RCIGM).
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East Lansing, Mich., November 4, 2022 –– The Michigan Rise Pre-Seed III Fund, a wholly owned subsidiary of the Michigan State University Research Foundation, today announced the completion of two recent purchase order (PO) financing facilities to support their growth.
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EAST LANSING, Mich. Oct. 28, 2022 –– Michigan Rise Pre-Seed Fund III, a subsidiary of the Michigan State University Research Foundation, today announced the Michigan Strategic Fund has approved an $8M allocation that enables Michigan Rise to continue its program of investing in high-tech startup companies.
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Pocketnest, the female-founded financial wellness platform, today announces its newest financial institution partner, Community Financial Credit Union (CFCU) of Michigan.
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