Wolverine, Early Stage Funds Invest in SaaS Firm

Wolverine Venture Fund, a $5.2 million student-led fund managed by the University of Michigan’s business school, and Early Stage Partners, a Cleveland based VC firm with an office in Ann Arbor, MI, have invested in Intelligent Clearing Network, a Connecticut-based software-as-a-service firm that validates and clears coupons in real time at point of sale, according to a news release today. The release said it was a follow-on round of early stage financing, but did not give an amount.

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