Arboretum rising on list of Midwest's influential VC firms

Wednesday, February 25, 2009 | Source: Ann Arbor Business Review
Local venture capital firm Arboretum Ventures is becoming a bigger and bigger player in the U.S.

Excerpt:

Ann Arbor-based Arboretum Ventures is emerging as Michigan's leading venture capital firm during an economic crisis that threatens to cramp the state's efforts to build a vibrant VC industry.

Arboretum has officially finished fundraising for its second fund. The firm, led by managing directors Jan Garfinkle and Tim Petersen, raised $73 million - more than three times the size of its $24 million first fund, which closed financing in 2005. They've got room to make another 10 investments or so in the next two-three years.

For Garfinkle and Petersen, the new fund immediately places them near the top of the list of the Midwest's most influential venture capitalists. In the midst of the global economic crisis, venture capitalists have struggled to raise financing from even their most dependable institutional backers.

Read the rest of the story here and more about local venture capital here.
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Entrepreneurship, Investment, Venture Capital 

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