Renaissance Ventures Invests in PVP III
he Renaissance Venture Capital Fund, the Ann Arbor-based fund created by Business Leaders for Michigan, announced that it has invested $4 million in Plymouth Venture Partners III.
“Plymouth has a really interesting focus,” he said. “They don’t invest in typical startups. They invest in companies with $2 million to $5 million in revenue that used to be serviced by the banks or other lenders but who can’t get a loan anymore because the banks are backing away from smaller companies. So they fill a nice post-2008-crash niche, one that won’t end soon. So they’re unlike any other venture fund in town because they are growth-stage-oriented. For us, it is a nice contrast to the other investments we’re making.”