[Updated 7/12/17, 8:38 am, to add MoneyTree data. See below.] U.S. venture capital investments are showing more signs of returning to steady levels.
Investors pumped $21.78 billion into 1,958 companies in the second quarter, according to data from the... Read more »
The Fourth of July was this week, but members of Congress didn’t need to crane their necks skyward to see fireworks. Senators returned to their districts, where local news offered blistering headlines about the potential impact of the Republican plan to... Read more »
GM was the first automaker to enter the realm of connected cars when it launched the OnStar navigation system more than 20 years ago.
However, telematics has come a long way since then, as evidenced by GM’s announcement that it will... Read more »
Two new grant programs administered by the University of Michigan aim to improve health and education for residents of the Great Lakes State.
One, in partnership with automotive supplier Bosch, helps teachers with hands-on learning projects in the areas of... Read more »
Terrafugia, a Boston-area company that has been working on flying cars since 2006, is being acquired by Zhejiang Geely Holding Group, an automotive manufacturer based in Hangzhou, China. Terms of the deal have not been disclosed.
The news was first... Read more »
Detroit/Ann Arbor Xconomist Chris Rizik is an interesting guy.
He’s a venture capitalist who runs his own soul music website on the side; as a graduate of both Michigan State University and the University of Michigan, he roots for both... Read more »
Grand Ventures, the West Michigan venture capital firm investing in early-stage tech startups, has closed its first deal.
The firm contributed an undisclosed amount to Cincinnati-based big data startup Astronomer’s $3.5 million seed round. The funding was led by San... Read more »
There is no Obamacare replacement, at least not as of this writing. The Senate Republicans are fractured, with a handful of conservatives and moderates each giving a cold shoulder to their chamber’s version of healthcare reform, the Better Care Reconciliation Act.... Read more »