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December 16th, 2007
A new venture capital fund led by the co-founders of Ann Arbor-based Ardesta LLC has received an investment of up to $7.5 million from the state of Michigan.
Ardesta Ventures I will invest in companies in the Midwest that focus on nanotechnology, life sciences and alternative energy.
The Michigan Strategic Fund board approved the investment, which will be made through the 21st Century Investment Fund.
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