Current Portfolio

Portfolio

Detroit Institute of Music Education (DIME)LogoDetroit Institute of Music Education (DIME)

www.dime-detroit.com

Based in: Detroit, MI
Sector: Education
Date Invested: January 2014

Detroit Institute of Music Education (“DIME”) is a music education college dedicated to teaching the next generation of modern musicians. Founded by music industry veterans Kevin Nixon, Sarah Clayman and Bruce Dickinson, DIME will offer advanced music students a college-style experience in contemporary music, with expert musicians and music industry professionals teaching courses in guitar, bass, vocals, drums, songwriting and music entrepreneurship. Prospective students can choose to pursue a bachelor’s degree or diploma in Creative Music Performance, or sign up for part-time and summer music education programs. Serious musicians can expect practical and real-world preparation for a career in the music industry upon graduation. Visit www.dime-detroit.com for more information.

UICOLogoUICO

www.uico.com

Based in: Elmhurst, IL
Sector: Advanced Manufacturing
Date Invested: January 2014

UICO is the maker of duraTOUCH®, the world’s most durable PCap touch technology. UICO’s innovative technology and solutions enable equipment manufacturers to deliver proven, best-in-class touch solutions in extreme environments of use. UICO is headquartered in Elmhurst, Illinois with key suppliers and manufacturing partnerships worldwide to support a large and growing customer base of leading OEMs in automotive, agriculture, appliance, medical, military, marine, industrial and other commercial product segments. Visit www.uico.com for more information.

Freeosk, Inc.LogoFreeosk, Inc.

www.thefreeosk.com

Michigan Operations: St. Joseph, MI
Sector: Business Services
Date Invested: July 2013

Freeosk is a proprietary marketing services platform that offers consumers a fast and fun way to receive free samples of new products wherever they shop, play and explore. Via a network of interactive kiosks that automatically distribute free samples, Freeosk aims to improve current product sampling solutions by increasing consumer conversion rates while providing deeper insights to retail and manufacturer partners about how shoppers discover and adopt new products. Visit www.thefreeosk.com for more information.

Fiber By-ProductsLogoFiber By-Products

www.fiberby-products.com

Michigan Operations: White Pigeon, MI
Sector: Clean Technology
Date Invested: June 2013

Fiber By-Products Corporation is a processor, recycler, and manufacturer of wood products. Since 1991, FBP has been the link between wood waste producers and wood by-product end users. The Company provides wood waste producers an environmentally friendly and cost-effective approach to disposing their waste. Once the waste is collected, FBP recycles and processes it into consumable products, including animal bedding, boiler fuel, wood mulch and, since 2006, premium wood pellets used to heat homes and businesses. The Company manufactures and sells more than 60,000 tons of pellets annually. Visit www.fiberby-products.com for more information.

Hastings Manufacturing CompanyLogoHastings Manufacturing Company

Based in: Hastings, MI
Sector: Advanced Manufacturing
Date Invested: May 2013

Hastings Manufacturing Company designs and manufactures piston rings for the worldwide engine manufacturing and remanufacturing industries. Hastings holds TS16949 and ISO14001 registrations, and is an approved piston ring supplier to OEMs including those in aviation, compressors, agriculture, automotive, performance, and other industries.

CKE RestaurantsLogoCKE Restaurants

Based in: Carpinteria, CA
Sector: Restaurant
Date Invested: May 2013

CKE Restaurants, Inc. owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr.®, Hardee’s®, Green Burrito® and Red Burrito® restaurant brands. The CKE system includes more than 3,300 restaurant locations in 42 states and in 28 countries.

ATI Physical TherapyLogoATI Physical Therapy

Based in: Bolingbrook, IL
Sector: Healthcare
Date Invested: March 2013

ATI Physical Therapy is the largest operator of comprehensive outpatient orthopedic rehabilitation clinics unified under one name. Based in Bolingbrook, Illinois, ATI has over 300 locations in ten states: Illinois, Indiana, Wisconsin, Michigan, Ohio, Tennessee, Georgia, Pennsylvania, Maryland and Delaware. Named “Best Physical Therapy Practice in the Nation” by ADVANCE magazine, ATI is one of the first physical therapy companies in the country to be awarded URAC Core Accreditation, a mark of distinction that recognizes ATI’s commitment to quality health care.

Eco-SiteLogoEco-Site

www.eco-site.com

Based in: Raleigh, NC
Sector: Cell Tower Development
Date Invested: November 2012

Eco-Site transforms vacant or distressed real estate into usable sites and provides a comprehensive solution for wireless carriers while allowing communities to benefit from revitalized real estate. The Company combines decades of wireless tower management with deep site redevelopment experience. Visit www.eco-site.com for more information.

Abe’s MarketLogoAbe’s Market

www.abesmarket.com

Michigan Operations: Traverse City, MI
Sector: Consumer Products
Date Invested: September 2012

Abe’s Market is the leading online destination for discovering and experiencing the best organic and natural products available. Founded in 2009 by serial entrepreneur Richard Demb and former Fortune 500 marketing executive Jon Polin, Abe’s Market gives healthy, environmentally conscious, and lifestyle savvy consumers a place to find incredible food, baby, hygiene, home, fashion and pet care items. The site is home to thousands of green-minded vendors, each of whom uses the platform to share the stories behind their products to help better connect with Abe’s customers and stand out to other like-minded vendors. In return, consumers get a better understanding of the health and environmental benefits each product delivers, and vendors have a business network they can tap into for new business and potential partnerships. Abe’s Market is working to combine the experience of a local, organic market with the convenience of an online superstore. Visit www.abesmarket.com for more information.

Truven Health AnalyticsLogoTruven Health Analytics

www.truvenhealth.com

Based in: Ann Arbor, MI
Sector: Healthcare Services
Date Invested: June 2012

Truven Health Analytics, formerly the Healthcare business of Thomson Reuters, delivers unbiased information, analytic tools, benchmarks, and services to the healthcare industry. Hospitals, government agencies, employers, health plans, clinicians, pharmaceutical, and medical device companies have relied on Truven for more than 30 years. The company combines its deep clinical, financial, and healthcare management expertise with innovative technology platforms and information assets to make healthcare better by collaborating with customers to uncover and realize opportunities for improving quality, efficiency, and outcomes. Visit www.truvenhealth.com for more information.

Molecular ImagingLogoMolecular Imaging

www.molecularimaging.com

Based in: Ann Arbor, MI
Sector: Life Sciences
Date Invested: February 2012

Molecular Imaging, Inc. is a specialty contract research organization (CRO) located in Ann Arbor, Michigan. Molecular Imaging employs a wide array of imaging technologies, including MRI, micro-CT, micro-PET and optical (two-dimensional and molecular fluorescence tomography) to quantitatively measure response to therapy at anatomical, functional and molecular levels. Molecular Imaging also conducts applications research to develop and optimize the use of imaging and actively seeks collaborations to further advance imaging in the field of drug discovery. Visit www.molecularimaging.com for more information.

syncreonLogosyncreon

www.syncreon.com

Based in: Auburn Hills, MI
Sector: Logistics
Date Invested: October 2011

syncreon is a global contract logistics and supply chain management company that uses its asset-light business model to provide specialized transportation, inbound, outbound, and fulfillment logistics services. These services are fully integrated into its customers’ supply chain and final end-client delivery. syncreon is a global business based in Ireland with its operational HQ in Auburn Hills, MI. syncreon has activities in 25 countries, with approximately 82 facilities and approximately 12,000 employees. syncreon is owned by Irish businessmen Michael & Brian Enright and New York based private equity firm, GenNx360 Capital Partners. Visit www.syncreon.com for more information.

Intervention InsightsLogoIntervention Insights

www.interventioninsights.com

Based in: Grand Rapids, MI
Sector: Health care
Date Invested: July 2011

Intervention Insights provides actionable strategies that assist community oncologists in developing personalized treatments for their patients. By analyzing cancerous tissue, Intervention Insights generate a genomic picture of over 20,000 genes and corresponding molecular pathways that uniquely define a person’s cancer and the drugs that target them. The company delivers this information to its frontline oncology partners who can quickly review hundreds of drugs which specifically target the molecular basis of a person’s cancer. The technology, OncInsights, is commercially available and used by an expanding network of community oncologists. Visit www.interventioninsights.com for more information.

Wolverine Advanced MaterialsLogoWolverine Advanced Materials

www.wamglobal.com

Based in: Dearborn, MI
Sector: Manufacturing
Date Invested: April 2011

Wolverine Advanced Materials produces and sells performance-critical, specialty elastomer-coated metals used in gaskets for automotive & industrial applications; automotive brake noise insulators and NVH (noise, vibration & harshness) damping solutions for automotive and NSV (noise, shock & vibration) for consumer electronics applications. Visit www.wamglobal.com for more information.

Henniges AutomotiveLogoHenniges Automotive

www.hennigesautomotive.com

Based in: Farmington Hills, MI
Sector: Manufacturing
Date Invested: November 2010

Henniges Automotive provides world class sealing system solutions to the global automotive market. The company utilizes the talents of its 4,500 associates located across three continents, 11 plants, and two technical centers to design, manufacture, and deliver innovative automotive sealing products to its customers. Visit www.hennigesautomotive.com for more information.

XanitosLogoXanitos

www.xanitos.com

Michigan Operations: Grand Rapids
Sector: Healthcare
Date Invested: October 2010

Xanitos is a provider of outsourced hospital housekeeping services across the United States. The company’s services include daily and post-discharge cleaning of patient rooms, cleaning and maintenance of flooring in common areas and passageways, and responding to situational cleaning needs. The company’s proprietary patented vacuum-cart and patent-pending XRO Team System improves productivity, significantly reduces the risk of hospital acquired infections, raises HCAHPS scores, and reduces bed turnaround time. Visit www.xanitos.com for more information.

InvenergyLogoInvenergy

www.invenergyllc.com

Based in: Gratiot County, MI
Sector: Clean Technology/Alternative Energy
Date Invested: October 2010

Invenergy and its affiliated companies develop, own and operate large-scale renewable and other clean energy generation facilities in North America and Europe. The company is committed to clean power alternatives and continued innovation in electricity generation. Invenergy and its affiliated companies have developed and placed in service nineteen wind farms and five natural gas-fueled generating facilities. The aggregate capacity of these facilities is approximately five thousand megawatts, which can provide enough power for approximately two million homes. Invenergy is one of the top six largest owners of wind generating facilities in the United States, according to the American Wind Energy Association. Visit www.invenergyllc.com for more information.

ReCellular

www.recellular.com

Based in: Dexter, MI
Sector: Clean Technology
Date Invested: October 2010

ReCellular is a leading e-waste company providing solutions for the collection, refurbishment, re-use and recycling of used mobile phones and personal electronics. The company collects more than 400,000 mobile phones a month and approximately 70 percent of those phones are refurbished and resold both domestically and worldwide; the rest are recycled for the precious metals, electronics and plastics that make up a phone. Phones are collected through partnerships with major mobile carriers, charities and large corporations and through direct purchases from consumers, and then sent to the company’s Dexter, MI facility for data removal and refurbishment or recycling. Visit www.recellular.com for more information.

mophieLogomophie

www.mophie.com

Based in: Paw Paw, MI
Sector: Consumer Products
Date Invested: August 2010

Founded in 2006, mophie is designer and manufacturer of electronic accessories for smart phones and other mobile intelligent devices. mophie’s product offerings include the Juice Pack line of external power cases , which are compatible with the iPhone, iPod touch and iPad The company introduced the first-ever “Works With iPhone” portable battery case certified by Apple Inc. and has developed the mophie marketplace,™ a case fitted with a magnetic strip reader that allows iPhone users to process credit card transactions on-the-go. Visit www.mophie.com for more information.

Salon GrafixLogoSalon Grafix

www.salongrafix.com

Based in: Auburn Hills, MI
Sector: Consumer Products
Date Invested: July 2010

Salon Grafix is a developer and marketer of branded hair care products sold through retail mass-market channels. The Salon Grafix brand was launched in 1998 as a line of premium, salon quality hairsprays without the price tag of professional products. Today, Salon Grafix is one of the leading hair spray brands in the United States and has developed long standing relationships with a well diversified customer base comprised primarily of mass merchandisers, drug store chains, retail supermarkets and specialty retailers. Visit www.salongrafix.com for more information.

Livio RadioLogoLivio Radio

www.livioradio.com

Based in: Ferndale, MI
Sector: Consumer Products
Date Invested: June 2010

Founded in 2008, Livio Radio aims to make Internet audio streams accessible to more people, in more places. Dedicated to designing products that work fast without complicated menus, the company’s line of specialty radios, including the NPR Radio by Livio and the Livio Radio featuring Pandora, let users enjoy the benefits of online programming — music, sports, news and talk from around the world — anywhere an Internet connection is available. The Livio Car Internet Radio App for iPhone uses a high-speed data connection and a streamlined interface to offer the thousands of free online programming choices, along with traditional AM/FM radio broadcasts, for users on the go. Visit www.livioradio.com for more information.

The InvestMichigan! Growth Capital Fund exited its investment in Livio in September 2013.

Liberty DialysisLogoLiberty Dialysis

www.libertydialysis.com

Michigan Operations: Western Michigan
Sector: Healthcare
Date Invested: May 2010

Liberty Dialysis develops, owns and operates dialysis clinics throughout the United States, particularly in underserved communities. The company partners with local physicians, nephrologists, non-profit organizations and/or hospitals in owning and operating the centers. Visit www.libertydialysis.com for more information.

The InvestMichigan! Growth Capital Fund exited its investment in Liberty Dialysis in February 2012.

Delphinus Medical TechnologiesLogoDelphinus Medical Technologies

www.delphinusmt.com

Based in: Plymouth, MI
Sector: Healthcare
Date Invested: May 2010

Delphinus Medical Technologies, a spinout from the Barbara Ann Karmanos Cancer Institute in Detroit, is the developer of SoftVue, an alternative to mammography for breast cancer detection, risk evaluation and treatment monitoring.

The SoftVue system does not involve radiation or compression and can effectively differentiate benign from malignant masses in breasts, helping to reduce the number of false positives and thereby reduce unnecessary biopsies. Unlike mammography the breast is submerged in warm water and an ultrasound ring surrounds the breast and captures detailed, three-dimensional images through the use of sound waves. The results are similar to MRI; however the SoftVue system takes only minutes and costs much less. The system is also able to perform repeated imaging, a necessary tool for treatment monitoring.

In addition, through its three-dimensional capabilities, SoftVue can accurately measure breast density, a known risk factor for developing breast cancer, as well as detect many early stages of breast cancer in women with dense breast tissue, which is often not picked up by mammography. Visit www.delphinusmt.com for more information.

InTouch HealthLogoInTouch Health

www.intouchhealth.com

Michigan Operations: Pittsfield Township, MI
Sector: Healthcare
Date Invested: April 2010

InTouch Health provides comprehensive telemedicine solutions that enable physicians to remotely perform real-time consults with hospital patients. Through a single interface, physicians can access a host of FDA-cleared Remote Presence devices to provide and document care into emergency rooms, critical care units, patient wards and operating rooms. Wherever access to medical expertise is limited, InTouch Health’s Remote Presence telemedicine solutions can effectively extend the physician’s reach to manage patient care, thereby removing critical time and distance barriers.

The Company has more than 300 hospital locations on six continents using Remote Presence to deliver specialty care services such as stroke, cardiology, trauma, pediatrics, neonatology, psychiatry, translation services, critical care coverage, patient rounds, clinical education, and surgical/procedure mentoring. Visit www.intouchhealth.com for more information.

Sakti3, Inc.

www.sakti3.com

Based in: Ann Arbor, MI
Sector: Clean Technology
Date Invested: March 2010

Sakti3 is a developer of high performance solid state lithium-ion rechargeable batteries for electric vehicles and portable electronics. The company’s modeling, manufacturing process and initial production batteries have proven at a small scale that it has strong potential to produce batteries that radically change the performance and economics of electrified vehicles.

Founded in 2007, Sakti3 is a spin-out of the University of Michigan. In 2009, the company was designated by the Michigan Economic Development Corporation (MEDC) as a State of Michigan Center of Energy Excellence (CoEE) in partnership with the University of Michigan.

Relume video

Relume

www.relume.com

Based in: Oxford, MI
Sector: Clean Technology
Date Invested: December 2009

Relume designs, manufacturers and markets highly efficient, environmentally friendly and cost effective LED lighting products and smart-grid control systems for outdoor lighting applications. The company’s products are used primarily in street and area lighting for municipalities and corporations, commercial signage, outdoor advertising, transportation and U.S. military applications.

Relume’s patented thermal management technology enables its LEDs to burn brighter, last longer and be packaged in lighting fixtures that cost less. The company’s smart-grid technology, Sentinel™, allows municipalities, counties and departments of transportation to network their LED-based light fixtures (including those of competitors) and incumbent lighting technologies to remotely control them to power up or dim lights across all or parts of the network, reducing energy consumption, maintenance costs and CO2 generation.

The InvestMichigan! Growth Capital Fund exited its investment in Relume Technologies in August 2013.

Accuri Cytometers LogoAccuri Cytometers

www.accuricytometers.com

Based in: Ann Arbor, MI
Sector: Life Sciences
Date Invested: July 2009

Accuri Cytometers, Inc. is a life sciences company developing and marketing revolutionary high performance cell analysis systems designed to bring the power of flow cytometry into the labs of life science researchers everywhere. Reflecting the input of hundreds of researchers, the Accuri C6 Flow Cytometer(R) is a full-featured bench-top cell and bead analysis system that provides similar capabilities to those of industry-leading flow cytometers in an easy-to-use format and at a fraction of their cost. The Accuri system was engineered from the start to be compact, powerful and user-friendly, while also being affordable by most research laboratories. The Accuri CSampler(TM) adds simple, reliable and user-friendly automation to the Accuri C6 Flow Cytometer System.

The InvestMichigan! Growth Capital Fund exited its investment in Accuri Cytometers in March 2011.

Inland Pipe Rehabilitation LogoInland Pipe Rehabilitation

www.inlandpiperehab.com

Based in: Detroit, MI
Sector: Industrial Products
Date Invested: June 2009

Inland Pipe Rehabilitation (IPR) is an experienced, nationwide provider of trenchless repair and rehabilitation solutions for water, sewer, manhole and culvert applications. The company uses the industry’s leading trenchless technologies including pipe bursting, CIPP and Rib Loc. IPR has successfully rehabilitated over one million feet of pipe for both public and private sector clients across the United States.

Hearthside Food Solutions LogoHearthside Food Solutions

www.hearthsidefoods.com

Based in: Grand Rapids, MI
Sector: Consumer Products
Date Invested: May 2009

Hearthside Food Solutions, is a leading contract manufacturer of specialty food products, such as granola bars, croutons, cereals, popcorn, and snack mixes, that supplies North America’s leading consumer product companies.

gloStream

www.glostream.com

Based in: Troy, MI
Sector: Healthcare Information Technology
Date Invested: May 2009

gloStream provides physicians and healthcare facilities with electronic medical record and practice management solutions delivered and supported through a nationwide network of local technology partners. gloStream products are secure, easy-to-use applications and the only integrated EMR/PM solutions on the market embedded with Microsoft Office. Through a simple user interface, robust voice recognition technology, and single-click access to all patient information, gloStream products help doctors improve patient care by streamlining workflow and creating efficiencies in office administration. gloEMR™ version 4.0 from gloStream is a CCHIT Certified℠ product for CCHIT Ambulatory EHR 2007.

Ranir LogoRanir

www.ranir.com

Based in: Grand Rapids, MI
Sector: Consumer Products
Date Invested: April 2009

Ranir manufactures and markets consumer oral care products in North America. It offers manual and power toothbrushes, dental floss and flossers, night protectors, tooth whiteners, trial-sized products, travel kits, and other oral care accessories to retailers as private label products as well as to contract manufacturing customers as branded products.

Pioneer Surgical Technology

www.pioneersurgical.com

Based in: Marquette, MI
Sector: Medical Device Manufacturing
Date Invested: December 2008

Pioneer Surgical Technology, Inc., headquartered in Marquette, Michigan, is a dynamic medical device firm with a full line of cutting-edge motion preservation devices, either available commercially in Europe or under clinical evaluation in the U.S. Pioneer’s signature articulating P3™ Technology — Pioneer PEEK-on-PEEK, in its NuBac™ disc arthroplasty system, BacJac™ interspinous decompression system, and NuNec™ artificial cervical disc, is the most technologically advanced in the industry. Currently, Pioneer offers a diverse portfolio of next generation spinal fusion devices. Pioneer’s focus on innovation has resulted in over 100 U.S. and Foreign patents with numerous patents pending. The company established a Biologics Division following two acquisitions in 2007. Pioneer Orthobiologics is developing a rich pipeline of products indicated for a variety of spinal and orthopaedic applications. Pioneer focuses on developing products which are easier and faster for the surgeon, cost effective for the health care system, and provide better patient outcomes.

The InvestMichigan! Growth Capital Fund exited its investment in Pioneer Surgical Technology in June 2013.

EcoSynthetix LogoEcoSynthetix

www.ecosynthetix.com

Based in: Lansing, MI
Sector: Clean Technology
Date Invested: November 2008

EcoSynthetix Inc., established in 1996, specializes in the R&D, process scale-up, manufacturing and commercialization of biobased technologies. The EcoSynthetix technology platforms are best described as clean technologies because they provide biobased products derived from renewable resources that have a positive impact on the environment. The renewable raw material feedstocks significantly reduce North America’s dependence on foreign-based fossil fuels, and reduce the end-user’s carbon footprint. The Company’s biopolymer nanoparticle technology platform provides EcoSphere® biolatex products as replacements for petroleum-based paper and paperboard coating binders such as SB and SA Latex. At substitution levels up to 50%, the biolatex products are comparable or superior to traditional petroleum-based alternatives and can be specifically formulated to deliver previously unattainable benefits at a lower delivered cost to industrial users.

In addition, the Company has developed EcoMer®, a polymerizable sugar monomer, and a line of EcoStix® sugar-acrylic PSA (pressure sensitive adhesive) products for label and specialty adhesives applications.

The InvestMichigan! Growth Capital Fund exited its investment in EcoSynthetix in January 2012.