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03 Dec


Cleaning Up in Clean Tech

December 3, 2011 | By |

In the venture capital world, sometimes you find the investment, and sometimes the investment finds you.

That’s what happened to Ryan Waddington, BS ’93/MBA ’99, on his continuing hunt for early-stage companies as co-founder and managing partner of Huron River Ventures. The firm invests in clean technology companies that focus on energy efficiency, renewable energy, and advanced transportation.

Huron River’s latest investment is Shepherd Intelligent Systems, led by Adrian Fortino, BS ’00/MBA ’10. Fortino was an engineering classmate of Waddington’s partner at Huron River, Tim Streit, BS ’00.


11 Sep


Filling the VC Void: Small Funds Meet Big Need for Startups

September 11, 2011 | By |

Adrian Fortino counts himself lucky he didn’t have to scrounge for money from family and friends to launch Shepherd Intelligent Systems LLC in Ann Arbor. And so far he hasn’t had to deal with the third traditional “F” source of funds for a startup company: fools.

Read more on CrainsDetroit

11 Aug


Clean technology entrepreneurs go through bootcamp in West Michigan

August 11, 2011 | By |

Grand Valley State University recently was the site of the first entrepreneurship “bootcamp” in the Midwest focusing on “green technology.”

According to one of the organizers, Tim Streit of Huron River Ventures, “green technology” (also referred to as clean technology) is a specialized sector of technology focused on tech solutions that enable businesses to use less energy through efficiencies or to create energy from alternative sources.

Read more on RapidGrowth

14 Apr


Huron River Ventures: Locked, Loaded, and Ready to Invest In Cleantech

April 14, 2011 | By |

The boys are back in town.

Fresh from the high finance worlds of Chicago and New York, University of Michigan grads Tim Streit and Ryan Waddington have returned to the state to launch Huron River Ventures (HRV), a $15 million fund aimed squarely at cleantech startups.

HRV has so far raised half of the money it needs to complete the fund.

Read more on Xconomy

15 Nov


ARM, Cisco, Others Back Ambiq Micro

November 15, 2010 | By |

Ambiq Micro Inc., a 2010 Microcontroller startup, has announced it has received a $2.4 million in venture capital funding from backers that include ARM Holdings plc and Cisco Inc. The seed funding round was LED by DFJ Mercury. Other investors include: ARM, Draper Fisher Jurvetson, Cisco, The Frankel Fund, Huron River Ventures and a number of undisclosed private investors.

The money will enable the expansion of engineering, sales and marketing teams, the company said.

Read more on EE Times

09 Nov


Ambiq Micro Closes $2.4 Million Seed Round For Efficient Micro-controllers

November 9, 2010 | By |

DFJ Mercury led a seed investment round of $2.4 million in Ambiq Micro, the companies announced today. Ambiq has designed and manufactures durable, highly efficient micro-controllers that can be used in everything from smoke and temperature sensors in smart buildings, to smart credit cards and smart phones.

The company was founded at the University of Michigan by Dennis Sylvester and David Blaauw, professors of electrical engineering and computer science at the University’s College of Engineering, and Scott Hanson, a post-doctoral Fellow at the College of Engineering who is the company’s chief executive.

Read more on TechCrunch

29 Sep


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Meet Ann Arbor’s newest VC firm: Huron River Ventures

September 29, 2010 | By | No Comments

“Venture capital” is becoming Ann Arbor’s buzz words these days. Local start-ups are  raising VC funds and new VC firms setting up shop here in Tree Town. Add Huron River Ventures to that list.

Two University of Michigan graduates, Ryan Waddington and Tim Streit, are setting up the downtown Ann Arbor-based venture capital firm. The two friends have worked in seed capital jobs across the country for years, ranging from DTE Energy Ventures to HSBC New Business Development, giving them backgrounds in both investment and clean technology.

Read more on Concentrate

11 Aug


Ann Arbor VC fund to get $6 million state investment

August 11, 2010 | By |

An Ann Arbor-based venture-capital fund will receive a $6 million injection from the Michigan Strategic Economic Investment and Commercialization Board, that panel said in a memo on Monday.

The newly formed Huron River Ventures is an investment fund that focuses on alternative energy and other high-tech sectors in the state.

Read more on Crain’s