EAST LANSING, Mich. –– Michigan Rise has expanded its life science and medical device portfolio with an investment in Magsorbeo Biomedical, an orthopedic medical device startup based in Detroit and East Lansing. The company is developing advanced bioabsorbable implants from Curasorb, its proprietary magnesium alloy developed in partnership with Terves Inc., which is designed to be safely absorbed by the body over time, with the goal of reducing surgical interventions...(click to read more)

EAST LANSING, Mich. –– Michigan Rise has expanded its portfolio in GovTech and CleanTech with an investment in BlueConduit, headquartered in Ann Arbor. BlueConduit has developed an innovative SaaS platform that uses predictive modeling to accurately identify lead service lines (LSL). The platform provides automated reporting tools for municipalities to fulfill mandatory reporting requirements set by the Environmental Protection Agency...(click to read more)

EAST LANSING, Mich. –– Michigan Rise has expanded its MedTech portfolio by investing in Wide Awake VR, based in Ann Arbor. Wide Awake VR is an enterprise platform for curating and administrating immersive patient experiences using virtual reality (VR). The experience can reduce or eliminate the need for sedation and reduce pain and anxiety resulting from certain medical and dental procedures...(click to read more)

EAST LANSING, Mich. –– Michigan Rise has added Throdle, Inc. to its growing portfolio in the information technology sector. Based in Ypsilanti, Throdle is a social media plus platform facilitating a digital community for car enthusiasts who primarily meet at physical events. The platform provides event push notification features and much more. Throdle aims to bring a $28B market online, centralizing forums and gatherings for car enthusiasts and helping advertisers reach them...(click to read more)

EAST LANSING, Mich. –– Michigan Rise has expanded its paint, coating, and adhesive manufacturing portfolio with an investment in Repela Tech, a cleantech startup located at the Michigan Life Science & Innovation Center (MLSIC). The company is developing an eco-friendly anti-fouling coating designed for applications in recreational boating. Repela Tech’s advanced material coating forms a protective barrier when applied to the hull of boats. Based on a novel hydrophilic polymer, the coating...(click to read more)

EAST LANSING, Mich. –– Michigan Rise has expanded its life sciences portfolio with an investment in medical device company, MediCool Technologies. The Traverse City based company is developing a painless and potentially more effective implantable cardioversion device for treating atrial fibrillation (A-Fib), the most common heart arrhythmia, affecting over 6 million people in the United States. Michigan Rise’s investment will support MediCool’s continued research and development and early clinical studies, helping bring the device closer to FDA approval...(click to read more)

EAST LANSING, Mich. –– Michigan Rise has added Promethient, Inc. to its growing portfolio in Northern Michigan. Based in Traverse City, Promethient designs and manufactures thermal comfort systems for seating applications in non-automotive use cases, including power sports, aviation, marine, heavy equipment, stadiums and furniture. Promethient’s Thermavance™ technology greatly enhances thermal comfort, even in outdoor applications. The Company is poised for expansion in the public transportation...(click to read more)