Detroit Renaissance Venture Capital Fund makes $3 million investment

Thursday, February 26, 2009 | Source: Model D

The renaissance for local venture capital investment has begun at Detroit Renaissance Venture Capital Fund.

Excerpt:

The Renaissance Venture Capital Fund made its second investment this week, putting $3 million into the TGap Venture Capital Fund II.

The Kalamazoo-based venture capital fund makes early stage investments into information technology, medical devices and services and specialty manufacturing companies. Jack Ahrens and Pete Farner formed the fund in 2002 and have since invested in several successful Midwestern-based companies, such as Afmedica (which was recently acquired by another firm) and Brill Street.

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