Madison, Wis. – In a move that could bring additional investment partners to Wisconsin deals, Venture Investors of Madison will open an office in Ann Arbor, Mich. after receiving money from a Michigan venture fund.
The Madison venture capital firm, which recently moved into a larger space in the MGE Innovation Center in University Research Park, was one of three venture firms selected to receive funding through a competitive bidding process conducted by Venture Michigan Fund I. The three firms, which also include Arboretum Partners of Ann Arbor and Nth Power of San Francisco, will receive investment commitments of $95 million over the next three years.