State of the Region 2025

PROSPERITY | 18

2025 saw more venture capital investment over fewer deals than the previous year. Venture capital closed 14 deals in 2025, compared to 26 deals in 2024. Capital investment increased 66% from $38 million in 2024 to $63 million in 2025. Median deal value decreased slightly from $3.1 million in 2024 to $2.9 million in 2025. VENTURE CAPITAL

GREATER GRAND RAPIDS VENTURE CAPITAL DEAL COUNT

35

30

25

GREATER GRAND RAPIDS VENTURE CAPITAL INVESTMENT

20

15

180M

10

160M

5

140M

120M

0

2016

2017

2018

2019

2020

2021

2022

2023

2024 2025

100M

80M

Source: Pitchbook. Data based on the Core Based Statistical Area including the Grand Rapids metropolitan area and Muskegon.

60M

40M

MEDIAN DEAL SIZE

20M

0

2016

2017

2018

2019

2020

2021

2022

2023

2024 2025

$3.5M

$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

2016

2017

2018

2019

2020

2021

2022

2023

2024 2025

Source: Pitchbook

The Right Place, Inc. | State of the Region 2025

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