Whirlpool and Roush have joined backers including Ford, Meijer, Dow, Kellogg, CMS Energy and DTE Energy for the venture capital fund's $79m second fund.
US-based venture capital fund Renaissance Venture Capital has raised $79m for its second fund, with support from a range of corporate limited partners.
The final investment in the fund consisted of $14m jointly provided by home appliance manufacturer Whirlpool Corp, engineering firm Roush Industries and Michigan State University, which invested through the MSU Foundation.
Other LPs for the fund included utilities CMS Energy and DTE Energy, healthcare insurer Blue Cross Blue Shield of Michigan, car maker Ford Motor Company, retail…
