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VENTURE CAPITAL
EDF
Ventures, LLC
www.edfvc.com
First Step
Fund
www.investdetroit.com/managed-funds/first-step-fund
HEADQUARTERS:
425 N. Main Street
Ann Arbor, MI 48104
M E M B E R
HEADQUARTERS:
600 Renaissance Center, Suite 1710
Detroit, MI 48243
M E M B E R
Staff:
MARY L. CAMPBELL - Managing Director
campbell@edfvc.com 734-663-3213
MICHAEL R. DEVRIES - Managing Director
mdevries@edfvc.com 734-663-3213
Michigan Investment Professionals: 3
Worldwide Investment Professionals: 3
Assets Under Management:
$178,000,000
Funds Managed (Current and Historical): 6
Actively Investing? Yes
Firm Overview:
EDF Ventures is a leading venture capital firm investing in early-stage
healthcare companies. The firm focuses on young companies that
are developing breakthrough technologies to address large, well
recognized problems or transform existing markets. The individuals
pioneering these kinds of solutions require far more than just
capital; they need venture investors who are committed for the long
haul, true partners who can help transform their vision into strong,
profitable companies.
Industry Sectors:
Life Information Alternative Adv Materials Business Consumer
Sciences Technology Energy Media & Manufacturing Services Products Other
Life Science Subsector:
Healthcare Animal Health/
Pharmaceuticals Devices Diagnostics Biotechnology Services Agriculture Other
Staff:
PATTI GLAZA - Managing Director
Patti@investdetroit.com
MARTIN DOBER - Managing Director
md@investdetroit.com
ADRIAN OHMER - Principal
adrian.ohmer@investdetroit.com
Michigan Investment Professionals: 4
Worldwide Investment Professionals: 4
Assets Under Management:
$5,000,000
Funds Managed (Current and Historical): 2
Actively Investing? Yes
Firm Overview:
The First Step Fund is an early seed investment fund serving
emerging high-growth businesses in Michigan. Initial investment
amounts range from $20,000-$50,000, with up to $100,000 reserved
for follow-on financing. The focus of the funding is to prove-out
business models, conduct pilot demonstrations and secure initial
customers. The fund supports women, minority, and immigrant
entrepreneurs and start-up development in Southeast Michigan.
Preferred Initial Investment Amount:
$50,000
Industry Sectors:
Life Information Alternative Adv Materials Business Consumer
Sciences Technology Energy Media & Manufacturing Services Products Other
Information Technology Subsector:
Hardware Software Services Other
Stages of Investment:
Idea & Pre-Seed Seed Early Growth Mezzanine
Life Science Subsector:
Healthcare Animal Health/
Pharmaceuticals Devices Diagnostics Biotechnology Services Agriculture Other
Information Technology Subsector:
Hardware Software Services Other
Portfolio & Firm Highlights:
1 In March 2015, Cerenis Therapeutics completed an oversubscribed
public offering on the French Euronext/Paris stock exchange and
raised $58.6 million.
2 In June 2015, Lycera Corporation and Celgene Corporation
announced the formation of an exclusive global collaboration to
take forward Lycera’s proprietary pipeline for cancer and immunemediated
diseases.
Stages of Investment:
Idea & Pre-Seed Seed Early Growth Mezzanine
Portfolio & Firm Highlights:
1 First Step has invested in over 70 companies since 2010.
DENOTES MICHIGAN SEATED
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