Peninsula Bank

Peninsula Bank, based in Ishpeming, Michigan, has a history dating back to 1887. While primarily known as a banking institution, the firm has shown interest in venture investments, particularly in the healthcare and biotechnology sectors.

The bank's investment portfolio includes Stemcyte, a company that has raised $2.5 million. This investment suggests Peninsula Bank's willingness to support innovative startups in the medical field. As a local financial institution with over a century of experience, Peninsula Bank likely offers valuable financial expertise and regional market insights to its portfolio companies.