Ann Arbor’s Arboretum Ventures continues to establish itself as Michigan’s premier venture capital firm.
Excerpt:
Last fall's financial markets meltdown hasn't stopped Arboretum Ventures from emerging as one of Michigan's leading venture capital firms this year.
In February, Arboretum finished raising its second investment fund, attracting $73 million from nine major institutional investors. That's the largest in the state, excluding a few government-created funds.
And just four months earlier, the Ann Arbor-based firm scored the equivalent of a home run in venture investing when Johnson & Johnson acquired one of its companies, HealthMedia Inc. The sale gave Arboretum a nearly tenfold return on its money.
"Our goal is to be one of the top five venture funds in the country for health care," said Jan Garfinkle, who started Arboretum in 2002 after she couldn't get a job in the state's once tiny venture industry.
Read the rest of the story here and when Concentrate first reported on it back in February here.
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