Beringea invests $1.25M in Eagle Rock, wants more deals

Beringea continues to make investments in
growing businesses at a time when seed capital commands a high premium.

The
Farmington Hills-based firm has made a $1.25 million investment in Eagle Rock
Entertainment
, which has offices in both North America and Europe.
Beringea also is planning to spread more seed capital this year and
soon.

“We
have several deals with signed term sheets and we are expecting to
close in the next few months,” says Andrea Wilmes, director of
marketing and communications for Beringea.

The
venture capital firm has offices in London and Los Angeles. It commands
tens of millions of dollars of investment cash in the U.S., Asia, and
Europe.

Beringea employs 21 people. Its Farmington Hills office
has eight staffers and a few summer interns.

Source: Andrea
Wilmes, director of marketing and communications for Beringea

Writer:
Jon Zemke