PROSPERITY
VENTURE CAPITAL Venture capital follows innovation. A region with robust venture capital activity is often home to new, bold ideas and technological breakthroughs. Over the past decade, venture activity in terms of deal size has generally increased throughout Greater Grand Rapids, while the number of deals tend to fluctuate. Despite a dip in 2021, recent data shows both deal volume and total capital invested rising post-pandemic.
GREATER GRAND RAPIDS VENTURE CAPITAL INVESTMENT*
250M
200M
150M
GREATER GRAND RAPIDS VENTURE CAPITAL DEAL COUNT*
100M
60
50
50M
40
0
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
30
Source: Lightcast *Note: Grand Rapids-Wyoming-Muskegon Combined Statistical Area used for VC Data
20
10
0
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Source: Lightcast
STATE OF THE REGION 2023 | 17
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