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gloStream Announces $7.5 Million Series B Financing Round Co-Led by Beringea and gloStream's Executive Management Team
Date:5/27/2009

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About the InvestMichigan! Fund & Business Leadership Council

The InvestMichigan! Fund is an economic growth initiative created by Gov. Jennifer Granholm focused on retaining and attracting businesses to the State of Michigan and further developing the State's entrepreneurial ecosystem. The Fund has been divided into two pools of capital: one targeting smaller companies with high growth characteristics (InvestMichigan! Growth Capital Fund), and another targeting more mature companies seeking a change of control through a buyout transaction (Michigan Opportunities Fund). The Growth Capital Program is co-managed by Beringea, a Michigan-based venture capital firm experienced in geographically targeted investment programs, and Credit Suisse's Customized Fund Investment Group, a highly-respected global network of funds and co-investments.

Companies that become part of the portfolio and their management teams will be supported by the Fund's Business Leadership Council comprised of Michigan business leaders who offer support, guidance and access to business relationships. Members include: Jon Barfield, Chairman & President, The Bartech Group; John Brown, Chairman, Stryker Corporation; Ben Carter, EVP & COO, Detroit Medical Center; James Epolito, President, Delta Dental of Michigan; Mark Fields, Ford Motor Company; Dan Gilbert, Chairman, Quicken Loans, Inc.; James Hackett, President & CEO, Steelcase, Inc.; D. Gregory Main, CEO, Michigan Economic Development Corp.; Jim Herbert, Chairman & CEO, Neogen Corporation;
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