EDF focuses on getting 'capital efficient'

Though EDF Ventures has been flying under the radar in Ann Arbor, it's not in danger of taking off any time soon. And that's a good thing.

Excerpt:

EDF Ventures, which helped spawn some of the Ann Arbor region's most successful tech companies, had been uncharacteristically quiet of late.

The firm's silence has led some to quietly wonder whether EDF was poised to slowly exit Michigan's venture capital scene.

But founder Mary Campbell isn't showing any signs of backing out.

EDF's role in Plymouth Township-based drug discovery firm Lycera's recent $36 million financing deal served as a reminder that the venture firm is still a major player in the investment community.

And Campbell said she expects to continue making investments despite the financial crisis, which has sapped funding for many investors.

"Our concept is to be even more capital efficient, which means we will invest more human capital to get down the path further in a more efficient way," Campbell told Business Review in an interview. "That will, if nothing else, allow us to buy time as the market evolves and be able to do more investments with the money under management."

Read the rest of the story here.

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EDF focuses on getting 'capital efficient'

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