Fueling the Future: Apple’s $430B investment; Kansas City’s Repica raises $41M; & Accelerate Blue

  • The University of Michigan’s Accelerate Blue Fund, an early stage venture fund, has made its first investment. The recipient is Movellus Inc., which provides tech for semiconductor chip design.
  • The Ben Franklin Technology Development Authority in Pennsylvania has approved up to $2 million for 412 Venture Fund LP to invest in Pennsylvania startups.