Check out this report on WVF’s investment in Sonitus Medical from Sarah Scmid of Xconomy:
Student-Led Wolverine Venture Fund Invests in Sonitus Medical
The Wolverine Venture Fund, a $5.5 million fund led by students at the University of Michigan, announced last week that it joined Arboretum Ventures in a $25 million Series A investment in Sonitus Medical, a California-based medical device company. This is the second time the Wolverine Venture Fund has invested in Sonitus Medical. This time around, the Wolverine Fund invested $100,000 in Sonitus Medical; in March 2011, it invested $250,000. The round was led by Abingworth.
“It’s exciting—we expect to make money and we feel pretty good about their product, which will make peoples’ lives better,” says Erik Gordon, associate director of U-M’s Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies and managing director of the Wolverine Venture Fund. “For us, it’s a grand slam home run.”
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