Detroit Renaissance Venture Capital Fund makes $3 million investment

The Renaissance Venture Capital Fund made its second investment this week, putting $3 million into the TGap Venture Capital Fund II.

The Kalamazoo-based venture capital fund makes early stage investments into information technology, medical devices and services and specialty manufacturing companies. Jack Ahrens and Pete Farner formed the fund in 2002 and have since invested in several successful Midwestern-based companies, such as Afmedica (which was recently acquired by another firm) and Brill Street.

The Renaissance VC Fund is a new venture capital fund-of-funds created by some of Michigan’s largest organizations late last year. The firm has offices in downtown Detroit and Ann Arbor. It made an investment in Ann Arbor-based Arboretum Venture Capital Fund earlier this year.,

Source: Chris Rizik, CEO of Renaissance Venture Capital Fund
Writer: Jon Zemke