MoneyTree Venture Capital Profile for Michigan

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Michigan Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998 27 32124.0
1999 33 43250.4
2000 40 52336.8
2001 19 21153.6
2002 19 26107.8
2003 16 16 80.2
2004 15 17129.6
2005 15 19 80.8
2006 16 18116.9
2007 19 22104.7
2008 9 9 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Michigan Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 2 2 32.2
2006-2 5 5 11.4
2006-3 3 3 26.7
2006-4 8 8 46.7
2007-1 5 5 26.3
2007-2 5 5 54.9
2007-3 5 5 7.4
2007-4 7 7 16.0
2008-1 9 9 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Michigan Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Biotechnology 5 5 11.5
2 Software 3 3 7.4
3 Medical Devices and Equipment 1 1 6.0
-Total 9 9 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Michigan Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Internet Software,Services and Tools 1 1 1.6
-Total 1 1 1.6

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Michigan Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Startup3 3 1.9
2Oth Early Stage2 2 1.2
3Expansion3 3 16.3
4Later Stage1 1 5.5
-Total 9 9 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Michigan Companies

by Top County

01/01/2008 to 03/31/2008

No. County Companies Deals Investment($M)
1 MI-WASHTENAW 4 4 12.6
2 MI-KALAMAZOO 3 3 0.8
3 MI-WAYNE 1 1 5.5
4 MI-OAKLAND 1 1 6.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Michigan Companies

By Major Metro Area

01/01/2008 to 03/31/2008

No. Area Companies Deals Investment($M)
1Great Lakes 9 9 24.9
-Total 9 9 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Michigan

By state of Funding Source

01/01/2008 to 03/31/2008

No. Source state Investors Deals
1 Michigan 5 7
2 Illinois 3 1
3 Non-US 1 1
4 D. of Columbia 1 1
-Total 12 12

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Michigan Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target state Companies Deals
1 Michigan 8 8
2 California 4 4
3 Massachusetts 1 1
4 Non-US 1 1
5 Illinois 1 1
6 Indiana 1 1
- Total 16 16

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Michigan

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2000 2166.0 579.7

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Michigan

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
Total 0166.0 579.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Michigan

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1North Coast Technology Investo2 2 0.4
2SWMF Life Science Venture Fund2 2 0.3
3Dunrath Capital, Inc.1 1 1.2
4Michigan Economic Development 1 1 0.5
5Seneca Partners, Inc.1 1 1.2
6Orix Capital Corporation1 1 5.5
7Perseus LLC1 1 10.0
8RPM Ventures (FKA: Waypoint Ve1 1 1.6
9Duchossois Technology Partners1 1 1.2
10Concentric Equity Partners, L.1 1 1.2

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Michigan

Top IPOs

01/01/2008 to 03/31/2008

No. Company IPO DATE Money Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
-All Companies- 0.0 0.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Profile Created:04/16/2008