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Miller Canfield Represents Southwest Michigan First in $2.25M Series A Financing

June 11, 2007

The law firm of Miller Canfield announces that it represented SWMF Life Science Venture Fund, LP in the acquisition of a $2.25 million Series A Convertible Preferred Stock financing for VENOMIX, Inc., a developer of a spider venom-based insecticide. This is the fourth investment by the SWMF Life Science Venture Fund, LP.

The Southwest Michigan First team was led by Miller Canfield business and finance attorneys Jeffrey L. LaBine, Phillip D. Torrence and Joscelyn C. Boucher .

“We are very pleased to make this announcement of the Venture Fund’s fourth investment. VENOMIX is, quite obviously, an interesting company with some very compelling research,” said SWMF Life Science Fund General Partner and Chief Executive Officer of Southwest Michigan First, Ron Kitchens, who announced the Fund’s third investment in May. “They will make a great tenant at the Innovation Center and a fantastic addition to our ever-growing life science cluster.”

VENOMIX will locate in the Southwest Michigan Innovation Center in Western Michigan University’s Business Technology and Research Park.

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About the Southwest Michigan First Life Science Venture Fund
Organized in 2004 in Kalamazoo, Michigan, the $50 million Southwest Michigan First Life Science Fund invests primarily in early stage life science companies with a presence in southwestern Michigan. Southwest Michigan First is the General Partner of the Fund. The Fund's primary goal is to spur economic development and retain intellectual capital within the Kalamazoo Region.

About Southwest Michigan First
Southwest Michigan First is the catalyst stimulating growth across the Kalamazoo Region. Whether you’re a site selector, an investor, an entrepreneur or part of an existing company looking to grow, Southwest Michigan First has the resources and expertise to assist you in identifying and surpassing your goals. For more information, visit www.southwestmichiganfirst.com.

About Miller Canfield
Miller Canfield was established in Detroit in 1852 and employs more than 800 in offices in Michigan, Florida, Massachusetts, New York, Canada and Poland.

Click below for the May 14, 2007 SWMF press release in pdf format.

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