Investment Capital

Equity 'Crowdfunding' Platform, RelayFund, Launched by Michigan InvestorsA group of venture capitalists, entrepreneurs and investment bankers has launched RelayFund Inc., the first equity-based 'crowdfunding' Web site started in Michigan and one of the first in the nation that will link small investors with startup operators under the provisions of the new federal JOBS (Jumpstart Our Business Startups) Act.
Hygieia Secures $1.5M Capital To Accelerate CommercializationThe Ann Arbor medical device firm Hygieia has secured $1.5 million in investment capital from Oakwood Medical Investors, a physician-managed venture fund in St. Louis, Mo.