Arboretum Ventures raises $73 million for latest fund

Thursday, February 26, 2009 | Source: Concentrate

Arboretum Ventures is going for the gusto with its latest investment fund.

Excerpt:

Ann Arbor is becoming, more and more, Michigan's venture capital capitol, proof of which is clearly visibly at Arboretum Ventures.

The Ann Arbor-based firm recently closed out its latest investment fund worth $73 million. This fund is triple the size of Arboretum's first, which was worth $24 million. Managing Directors Jan Garfinkle and Tim Petersen will manage the money with the help of five other employees.

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