PROSPERITY
GREATER GRAND RAPIDS VENTURE CAPITAL DEAL COUNT
VENTURE CAPITAL Venture capital investment continues to fuel innovation and commerce in Greater Grand Rapids. Deal flow in 2024 reached 17 deals totaling $34.4 million in capital investment. Deal value declined 76% compared to 2023. Meanwhile, median deal size has continued to rise during the past decade, growing 364% from $690,000 in 2015 to $3.2 million in 2024. During the past year, median deal size rose 43% from $2.24 million.
35
30
25
20
GREATER GRAND RAPIDS VENTURE CAPITAL INVESTMENT
15
180M
10
140M 160M
5
120M
0
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
80M 60M 100M
Source: Pitchbook. Data based on the Core Based Statistical Area including the Grand Rapids metropolitan area and Muskegon.
40M 20M
MEDIAN DEAL SIZE
$3.5M
0
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
$3.0M
Source: Pitchbook. Data based on the Core Based Statistical Area including the Grand Rapids metropolitan area and Muskegon.
$2.5M
$2.0M
$1.5M
$1.0M
$.5M
$0
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Source: Pitchbook
17
STATE OF THE REGION 2024
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