RPM Ventures receives $4M from Renaissance VC Fund

Thursday, August 13, 2009 | Source: Concentrate

Venture capital money continues to flow into Ann Arbor, with RPM Ventures bringing in a few million more.

Excerpt:

The Renaissance Venture Capital Fund has struck again, investing $4 million into RPM Ventures.

Renaissance is a venture capital fund that invests in VC funds. It was formed last year and has offices in the downtowns of Ann Arbor and Detroit. RPM Ventures is also based in Ann Arbor and focuses on investing in start-ups working on innovative technologies in manufacturing.

"They have a really good strategy and national reputation," says Chris Rizik, CEO of Renaissance Venture Capital Fund.

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