QuatRX has raised $116.6 million in venture capital since 2000, and has
announced that it will go public or be sold by the end of 2007.
Excerpt:
Mary Campbell, president of the Michigan Venture Capital Association and co-founder and general partner of Ann Arbor-based EDF Ventures, the state’s oldest VC firm, blamed bad timing for the lack of an investment by her firm.
"I
follow them from afar, and I’ve heard only positive things about them
and their strategy. They’re very highly regarded," said Campbell. "I
was excited for them when they brought in Venrock, which is one of the
oldest institutional investors on the planet. Venrock has just raised a
new fund and they have a lot of dry powder left, and if they like
Michigan, that might be good for others of us."
"Quite frankly,
it’s easier to get an investor interested in Ann Arbor if they’re
already coming here, anyway. I can’t tell you how important QuatRx is
as a lightning rod."
Read the entire article
here.
Read more about QuatRX in a previous 'mode article
here.
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