MoneyTree Venture Capital Profile for Michigan

PricewaterhouseCoopers/Thomson Reuters/NVCA

Venture Capital Investment in Michigan Companies

By Year

As of 06/30/2010

Year Companies Deals Investment($M)
2000 42 57295.3
2001 20 22138.2
2002 20 27108.1
2003 17 17 87.5
2004 13 15117.1
2005 15 19 80.8
2006 17 19116.7
2007 19 23101.7
2008 35 45251.3
2009 25 33133.7
2010 14 14 59.3

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Michigan Companies

By Quarter

Qtr Companies Deals Investment($M)
2008-1 11 11 30.7
2008-2 12 12 73.8
2008-3 12 12 96.6
2008-4 10 10 50.3
2009-1 12 12 27.8
2009-2 5 5 46.1
2009-3 9 9 36.1
2009-4 7 7 23.7
2010-1 4 4 13.8
2010-2 10 10 45.5

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Michigan Companies

By Industry/Technology Sector

04/01/2010 to 06/30/2010

No. Sector Companies Deals Investment($M)
1 Medical Devices and Equipment 4 4 21.1
2 Biotechnology 3 3 17.1
3 Computers and Peripherals 1 1 0.3
4 Telecommunications 1 1 0.0
5 Electronics/Instrumentation 1 1 7.0
-Total 10 10 45.5

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Michigan Companies

By Internet Related Technology

04/01/2010 to 06/30/2010

No. Industry Companies Deals Investment($M)
1 Internet Software,Services and Tools 1 1 0.0
-Total 1 1 0.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Michigan Companies

By Stage

04/01/2010 to 06/30/2010

No. Stage Companies Deals Investment($M)
1Early Stage5 5 14.5
2Seed3 3 19.0
3Expansion1 1 11.7
4Later Stage1 1 0.3
-Total 10 10 45.5

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Michigan Companies

by Top County

04/01/2010 to 06/30/2010

No. County Companies Deals Investment($M)
1 MI-WASHTENAW 3 3 19.0
2 MI-OAKLAND 2 2 0.4
3 MI-WAYNE 2 2 19.0
4 MI-KALAMAZOO 2 2 6.1
5 Unknown 1 1 1.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Michigan Companies

By Major Metro Area

04/01/2010 to 06/30/2010

No. Area Companies Deals Investment($M)
1Great Lakes 9 9 44.5
2Unknown 1 1 1.0
-Total 10 10 45.5

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Michigan

By state of Funding Source

04/01/2010 to 06/30/2010

No. Source state Investors Deals
1 Michigan 7 7
2 Illinois 2 2
3 California 2 2
4 Massachusetts 1 1
5 Ohio 1 1
6 Texas 1 1
-Total 16 19

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment by Michigan Venture Funds

By state of Companies Receiving Money

04/01/2010 to 06/30/2010

No. Target state Companies Deals
1 Michigan 8 8
2 California 5 5
3 Non-US 3 3
4 Tennessee 1 1
5 Washington 1 1
6 Ohio 1 1
7 Massachusetts 1 1
8 Connecticut 1 1
9 New Jersey 1 1
- Total 22 22

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Michigan

By Year

As of 06/30/2010

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

© 2010 Venture Economics/NVCA

Data current as of 12-JUL-2010

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

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investing in Michigan

Most Active Venture Investors

04/01/2010 to 06/30/2010

No. Firm Companies Deals Investment($M)
1Beringea LLC3 3 5.5
2North Coast Technology Investo2 2 5.7
3Apjohn Ventures, LLC2 2 0.8
4Clarus Ventures1 1 2.8
5University of Michigan 1 1 2.0
6EDF Ventures1 1 2.8
7InterWest Partners1 1 2.8
8Khosla Ventures1 1 3.5
9Triathlon Medical Ventures LLC1 1 2.0
10Arboretum Ventures1 1 2.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Backed IPOs in Michigan

Top IPOs

04/01/2010 to 06/30/2010

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

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Profile Created:07/13/2010