Wolverine Venture Fund invests in Direct Flow Medical
The University of Michigan’s Wolverine Venture Fund has struck again, this time making an investment in a California-based company.The VC fund, run by MBA students at the University of Michigan, has invested in Direct Flow Medical, an emerging medical device company developing a catheter-based, percutaneous-delivered prosthetic aortic valve. This investment is part of Direct Flow Medical’s Series C financing, which has raised $40 million from the likes of EDF Ventures, New Leaf Venture Partners and Spray Venture Partners.The Wolverine Venture Fund is part of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies in the Ross Business School. The fund is worth $3.5 million and has invested in more than 18 companies in industries like information technology, life sciences and alternative energy. These firms typically have some sort of U-M connection.”That’s how we get our deal flow,” says Erik Gordon, clinical professor and associate director of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies. “The University of Michigan is one of the most connected places.”Source: Erik Gordon, clinical professor and associate director of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial StudiesWriter: Jon Zemke
The University of Michigan’s Wolverine Venture Fund has struck again, this time making an investment in a California-based company.
The VC fund, run by MBA students at the University of Michigan, has invested in Direct Flow Medical, an emerging medical device company developing a catheter-based, percutaneous-delivered prosthetic aortic valve. This investment is part of Direct Flow Medical’s Series C financing, which has raised $40 million from the likes of EDF Ventures, New Leaf Venture Partners and Spray Venture Partners.
The Wolverine Venture Fund is part of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies in the Ross Business School. The fund is worth $3.5 million and has invested in more than 18 companies in industries like information technology, life sciences and alternative energy. These firms typically have some sort of U-M connection.
“That’s how we get our deal flow,” says Erik Gordon, clinical professor and associate director of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies. “The University of Michigan is one of the most connected places.”
Source: Erik Gordon, clinical professor and associate director of the University of Michigan’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies
Writer: Jon Zemke
Related Articles
Washtenaw County residents invited to contribute to new 10-year tourism plan
Destination Ann Arbor is inviting residents and local stakeholders to help directly shape the future of tourism in Washtenaw County from 2027-2036.
Recast Leaders aim to revitalize local economies
Ypsilanti and six other Michigan communities are working on building their local economies in the Recast Leaders program. Here’s a look at how the program works.
AI’s impact in Washtenaw County, from tech boom to data centers
Our new three-part series digs into AI’s impacts in Ann Arbor’s tech industry, its utilization in Washtenaw County’s educational world, and the ongoing debate about data centers in several Washtenaw County communities.
