Three Leaf Ventures is opening an Ann Arbor location to serve as the venture capital firm’s Midwestern office.
The Denver-based firm, an affiliate of The Broe Group, aims to invest in healthcare companies that specializes in everything from IT to genomics to consumer medical devices.
"We have already drummed up a lot of venture capital activity," says Sean Kearney, managing director of
Three Leaf Ventures. "We believe a lot of deal flow will come from Ann Arbor, Detroit, and Michigan."
Three Leaf Ventures will lease space in Kerrytown. It's office will be staffed by Kearney who plans to move to Ann Arbor this summer. A couple of part-time staffers are expected to join him later this year.
The 3-year-old venture capital firm is stage agnostic when it comes to its investments, meaning it is willing to invest in either early, middle or late-stage startups. Three Leaf Ventures hasn’t made an investment in a Michigan-based startup yet but Kearney expects that to change before the end of the year because there are already a couple of good candidates in the pipeline.
"That (one investment this year) is a conservative goal," Kearney says.
Source: Sean Kearney, managing director of Three Leaf Ventures
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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