Ann Arbor's North Coast Technology Investors hits $100M in VC fund

Thursday, March 26, 2009 | Source: Concentrate
North Coast Technology Investors' capital is going nowhere but up these days in Ann Arbor.

Excerpt:

Twenty years ago venture capitalist Hugo Braun left California and came back to Michigan, taking a job at Access Ventures. Ten years later he and another partner turned it into North Coast Technology Ventures with $10 million under its management. Today that number has reached $100 million and is still expanding.

The downtown Ann Arbor-based firm is getting ready to close on another investment vehicle (fund) this summer. It will be another large chunk of change that will allow North Coast Technology Ventures to make investments for at least the next few years.

"We feel this is an excellent time to make investments," Braun says. "Even though it's a depressing time there are a lot of excellent ideas out there."

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Entrepreneurship, Investment, Venture Capital 

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