Media ReportMay 1, 2012
Renaissance Venture Capital raises 2nd fund, passes $100 million mark
The Renaissance Venture Capital Fund (RCVF), the venture capital fund-of-funds formed by Business Leaders for Michigan, Monday announced formation of a second fund with initial capital of $60 million, growing the RCVF to over $100 million. The investments to date by RCVF have led to venture capital firm investments of 15 times that amount into Michigan companies and the creation of over 200 jobs. Renaissance II includes a diverse group of investors such as DTE Energy, Blue Cross Blue Shield of Michigan, Meijer Inc. and La-Z-Boy, as well as Wayne State University and three Michigan foundations: the Herbert H. and Grace A. Dow Foundation, the W.K. Kellogg Foundation and the McGregor Fund.
- CBS Detroit
- Detroit Free Press