RPM Ventures receives $4M from Renaissance VC Fund

The Renaissance Venture Capital Fund has struck again, investing $4 million into RPM Ventures.

Renaissance is a venture capital fund that invests in VC funds. It was formed last year and has offices in the downtowns of Ann Arbor and Detroit. RPM Ventures is also based in Ann Arbor and focuses on investing in start-ups working on innovative technologies in manufacturing.

"They have a really good strategy and national reputation," says Chris Rizik, CEO of Renaissance Venture Capital Fund.

This is the third investment Renaissance Venture Capital Fund has made since it was founded late last year. Two of the three investments have been in Ann Arbor-based VC firms and all three firms have been in Michigan-based firms.

"We only invest in funds that are active in Michigan," Rizik says. "They have to have a strategy on how they’re going to invest in Michigan."

RPM Ventures was founded in 2000 by partners Marc Weiser and Tony Grover. It focuses much of its work in Michigan and in neighboring Midwestern states.

Source: Chris Rizik, CEO of Renaissance Venture Capital Fund
Writer: Jon Zemke

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RPM Ventures receives $4M from Renaissance VC Fund

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