News
April 15 , 2007
VENTURE INVESTORS OPENS ANN ARBOR OFFICE
Firm adds Jim Adox to team as Managing Director
Madison, Wisconsin and Ann Arbor, Michigan, April 16, 2007 - Venture Investors, one of the Midwest’s oldest and largest venture capital firms, today announced the opening of its second office in Ann Arbor, Michigan. The office will be led by Jim Adox, who is joining the firm as a Managing Director. Adox is an experienced venture capital professional with deep roots in the Ann Arbor venture community. Most recently, Adox headed RidgeLine Ventures where he co-founded university spin-outs and advised early stage companies. Prior to RidgeLine, Jim was a Partner at EDF Ventures. In his new role at Venture Investors, he will work to discover promising technologies and build the infrastructure required to create leading companies in Michigan and throughout the Midwest
“We’ve worked closely with Jim for many years and are excited to add him to our team,” said John Neis, Venture Investors’ Executive Managing Director. “His venture capital experience in Michigan will allow him to add significant value as we work with entrepreneurs and scientific founders to build leading companies.”
Jim has significant ties to Michigan and Venture Investors. He serves on the boards of the Ann Arbor IT Zone and the Frankel Commercialization Fund, a pre-seed investment fund at the University of Michigan, is a frequent lecturer at the University and serves as a judge for the school’s business plan competitions. Jim earned his B.S.M.E., M.S.E. and MBA degrees at the University of Michigan. Jim has worked with the Venture Investors team on numerous co-investment deals over the past eight years.
"Venture Investors is getting a terrific partner with Jim Adox," said Kenneth Nisbet, Executive Director of the University of Michigan Tech Transfer Office. "Jim has developed a solid reputation for building high-growth business opportunities, often with early-stage University technologies. Having Jim Adox as an Ann Arbor-based Venture Investors partner brings a powerful new business creation resource for our University, for our region and our state."
“The opportunity to be a part of the Venture Investors team is fantastic,” said Adox. “They’re a great group of people whom I’ve always enjoyed working with and respected. I’ve always been impressed with their success at taking companies from concept stage to profitability, and look forward to doing the same here.”
The new office is located in the First National Building in downtown Ann Arbor. The address is: 201 South Main Street, Suite 900, Ann Arbor, Michigan, 48104.
Venture Investors is a venture capital firm with $190 million under management. The firm invests in seed and early-stage life science and technology companies in the Midwest, with a primary focus on opportunities that spin out of the region’s leading research universities. Formed in 1982, Venture Investors has offices strategically located next to the country’s third and fourth largest research institutions in Ann Arbor, Michigan and Madison, Wisconsin. For additional information on the firm, visit www.ventureinvestors.com.
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