The Ann Arbor-based Renaissance Venture Capital Fund, created in 2008 as an affiliate of Business Leaders for Michigan, has finished raising its third and largest fund of $81 million.
Renaissance is a fund of funds, investing in other venture-capital firms that are willing to invest in Michigan companies, many of them early-stage tech companies. Previously, it raised funds of $45 million and $79 million.
Image: Renaissance Venture Capital Fund “Each time we’ve got more organizations involved. It’s great validation as our reach gets larger." — Chris Rizik, Renaissance Venture Capital Fund CEO and fund manager
