Ann Arbor SPARK collects on one of its first investments
The venture capital game is starting to pay off handsomely for Ann Arbor SPARK.Excerpt:Ann Arbor Spark, Detroit-based NextEnergy, and Troy-based Automation Alley each have been repaid $250,000, with interest, for early support of Deerfield-based Limo-Reid Inc.Limo-Reid Inc. has paid back the money that the three organizations loaned in 2007. At the time of the loan, the company was known as Hybra-Drive Systems L.L.C.Read the rest of the story here.
The venture capital game is starting to pay off handsomely for Ann Arbor SPARK.
Excerpt:
Ann Arbor Spark, Detroit-based NextEnergy, and Troy-based Automation Alley each have been repaid $250,000, with interest, for early support of Deerfield-based Limo-Reid Inc.
Limo-Reid Inc. has paid back the money that the three organizations loaned in 2007. At the time of the loan, the company was known as Hybra-Drive Systems L.L.C.
Read the rest of the story here.
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