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Brighton-based FlexDex Surgical Inc. has closed on a funding round of $13 million, which was led by New Brunswick, N.J.-based Johnson & Johnson Innovation LLC, the investment arm of the pharmaceutical giant, and Almeda Ventures, an Israel firm based in Tel Aviv.
East Lansing-based GreenMark Biomedical Inc. is an entrepreneurial example of how "it takes a village."
The company, which got approval from the Food and Drug Administration in March for dentists to use its oral rinse made with starch nanoparticles to detect tooth decay much earlier than… ....
DBusiness Daily Update: U-M's Accelerate Blue Fund Makes First Investment, Oakland County Retains Moody's Aaa Bond Rating, and More dbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dbusiness.com Daily Mail and Mail on Sunday newspapers.
Contact: jkaroub@umich.edu The Accelerate Blue Fund, a University of Michigan early-stage venture fund raised through philanthropy, has reached its first fundraising milestone and made its first investment in a U-M tech startup. The recipient of the fund’s first investment is Movellus Inc., which provides technology to boost semiconductor chip design for cloud computing, artificial intelligence and other applications. Movellus, based in San Jose, California, with operations in Ann Arbor, launched in 2016 with help from U-M’s Office of Technology Transfer. Accelerate Blue has made an initial investment of $150,000 in Movellus as part of a $3 million bridge round. ....