Michigan bucks national trend, sees rise in VC investment

Venture capital investment in Michigan during 2012 was the third highest on record, since quarterly reports began in 1995. Among the three biggest winners was Ann Arbor's CertoPherx Inc., pulling in $16.44 million. Excerpt: "Investors put $232.31 million into 47 deals in Michigan last year, surpassing pre-recession levels and easily exceeding the $84.75 million invested in 36 deals in 2011, according to the quarterly MoneyTree report from the National Venture Capital Association and PricewaterhouseCoopers." Read the rest here.