MVCA 2011 Annual Report - Grand Angels

ANNUAL INVESTMENT IN MIChIgAN
Venture capital investment in Michigan during 2011 represents the third highest annual
investment in the past ten years with a new annual record of 38 investments.
$300M
$250M
$200M
$150M
$100M
$50M
$0M
2001
MiChigAN VENTurE CAPiTAL iNVESTMENTS
(2001-2011)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Amount invested in Michigan # of investments
n Since 2001, $1.5 billion of venture capital has been
invested into 250 companies.
COMPANY
SPOTLIGHT
INTERVENTION INSIGHTS
A West Michigan company born out of research
performed at Grand Rapids’ Van Andel Research
Institute is at the leading edge of cancer-fighting
technology, offering patients and their doctors a
genetic map to best evaluate treatment options.
Intervention Insights, a Grand Rapids-based
pharmacogenomics service provider, takes
personalized medicine one step further by supplying
oncologists with molecular-based analysis to better
match drug therapies to a unique cancer type.
The company markets its decision support tool as an
information service for community-based oncologists
who treat more than 80% of all U.S. cancer patients.
n The average annual investment over the decade is
$138 million. Over the last 5 years, since 2007, the
average annual investment is $176 million.
Recently the company won an “Innovation
Michigan” award from Business Review of West
Michigan and was one of seven finalists out of more
than than 1,700 entries in Amazon Web Services’
annual innovation search. The company has
successfully launched two payer-sponsored clinical
studies and has opened an Investigational Device
Exemption with the FDA in support of its services.
In 2011, Intervention Insights closed a $7.2
million Series B funding round, including Michigan
venture investors Beringea, Chrysalis Ventures,
Hopen Life Sciences, the Charter Group and the
Michigan Accelerator Fund. n
40
35
30
25
20
15
10
5
0
MICHIGAN
MVCA 2011 VENTURE CAPITAL REPORT
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