|
|
||
| |
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Ann Arbor-Based RPM Announces the Closing of $60 Million
Based in Ann Arbor, Michigan; RPM Ventures announced today that it has successfully closed a $60 million round of funding in today’s difficult economic climate.The firm reached this amount by the commitment from a number of various different funds and foundations along with some private family offices. The funding also came from partners of some of the nation’s top venture funds. This additional funding will allow RPM Ventures to continue to invest in startup opportunities who are primarily in the IT and physical sciences industries. The vc firm primarily invests in companies nationwide who have a client base in the midwest.
According to Marc Weiser, cofounder and managing director of RPM; the partners of the firm achieved the raising of these funds in the current economic climate by leveraging world-class resources in the firm’s backyard. Mr. Weiser further stated that the vc firm’s relations with universities and different industries in the area along with connections with other venture funds, RPM Ventures is able to create a venture capital firm that is highly successful.
Along with what Marc Weiser stated, the managing director and the co-head of the Credit Suisse Customized Fund Investment Group; Kelly Williams, further added that his team is proud of the fact that RPM Ventures is able to raise its goal.
After receiving this funding, RPM Ventures has already made some new investments, which include Arbor Photonics, Bounty Jobs, Quantum Learning and more. Furthermore, RPM Venture boasts of investments in over 23 different companies which include VeriSign and others.
Founded in 2000, RPM Ventures is a vc firm that primarily invests in seed and early stage companies in the IT industry. RPM Ventures believes that the entrepreneur is the important part of the equation in seed and early stage funding. Along with providing money from a fund of over $75 million, RPM Ventures also provides many resources to help its portfolio companies to succeed. RPM also helps entrepreneurs develop their business and marketing plans and help with product development.
Some other companies in RPM’s portfolio include Eden Park Illumination, Entropic Communications, Glyde, JanRain, Open Lane, and others.
For more information about RPM Ventures, click here.