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2015 March

31 Mar


Algal Scientific Scores $7M Series B Expand Animal Health Products

March 31, 2015 | By |

Algal Scientific, a Plymouth, MI-based startupfocused on developing algae-based chemicals to improve animal feed and human nutrition, announced this week that it has raised a $7 million Series B round.

The round was led by Formation 8, with participation from Evonik Industries and Independence Equity, all of whom have invested in Algal Scientific in the past. The company has now raised a total of $10 million since its inception in 2009. Huron River Ventures joined the syndicate and will serve as a Board Observer.

Read more on Xconomy

27 Mar


Cribspot Helps University Students Find Rentals In Time For School To Start

March 27, 2015 | By |

Finding a decent apartment can be tough, which is why we’ve seen a recent increase in the number of startups that are aiming to serve a woefully underserved market. But finding an apartment when you’re a college student can be even tougher. Aimed squarely at the university market, a Y Combinator-backed startup called Cribspot hopes to alleviate at least some of the pain associated with finding rentals and sublets.

Read more on TechCrunch

03 Mar


PeachWorks moves to Southfield

March 3, 2015 | By |

Michigan has a new 35-employee technology company called PeachWorks, which has moved to Southfield from Connecticut after raising $4 million in growth capital and adding a new CEO.

The company, formerly known as WhenToManage, provides cloud-based software for the restaurant industry, to help schedule staffing, manage inventory, order supplies and help with analytics of point-of-sale data.

Mark Symonds, former CEO of Troy-based Plex Systems, recently joined PeachWorks as its CEO after serving as a consultant to the firm for about a year.

Read more on Detroit Free Press

03 Mar


PeachWorks Raises $4 Million in Funding to Grow Enterprise Cloud Platform and Solutions for Restaurants

March 3, 2015 | By |

PeachWorks, formerly known as WhenToManage, the leading provider of cloud-based solutions for the restaurant management industry, today announced that it closed $4 million in Series A financing led by Allos Ventures, a Midwest-based early-stage venture capital firm. The deal also included participation from Huron River Ventures, Arsenal Venture Partners, and Invest Detroit.

Read more on PRWeb