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Northeast Ventures Shuts Down

The Duluth News Tribune has this story from Thursday Region loses business investor about how Northeast Ventures has closed its office.

   

That is too bad as they put many investment dollars in to the north east region of the state when they needed it most.

   

The venture capital fund invested in regional companies such as Cirrus Design, Empower MX (formerly Sinex Aviation Technologies Corp.), Larex Inc., Partridge River Inc. and about two dozen others. Although the region has other investors, Northeast Ventures may be the only venture capital fund.

   

Mercury Investments of Duluth will look after the investments already made and Tom Van Hale will be a consultant.

   

The article has a great timeline of the firm including the Harvard Business School case study.

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