Amplifinity Awarded First-Ever Pure Michigan Venture Match Fund Investment, Matching Investments from Early Stage Partners and RSVP Ventures
Ann Arbor, MI (PRWEB) January 22, 2013
Amplifinity, creator of the Advocacy Management Platform (AMP), which generates and measures social behaviors for enterprise-class companies, today announces that they are the recipients of an investment from the Pure Michigan Venture Match Fund (PMVMF). Amplifinity was the first company to receive an investment from PMVMF, and is now among six other Michigan companies to receive the funds. Amplifinity’s funding matched a $ 1.1M investment from Early Stage Partners and RSVP Ventures. PMVMF is playing a vital role in growing the states economy by supporting high-growth technology companies whose applied research and development brings forth innovation that contributes to a strong competitive advantage in the marketplace. This is not just a story of success for us, said CEO of Amplifinity, Dick Beedon. This is a story about continuing to help Michigan become a beacon of progress and technological innovation. There is a lot happening at Amplifinity on many levels right now, and we are excited to contribute to this progress.
We are very pleased that the MEDC has selected Amplifinity to receive these matching funds. Early stage capital is scarce and this program, which provides companies with longer runways to execute their business plans, signals Michigans commitment to nurturing VC-backed technology companies, said Jonathan Murray, who leads the Information Technology Investment Practice at Early Stage Partners, and sits on the Amplifinity Board of Directors. This paves the way for Amplifinity and Michigan.