University of Michigan mulls $50m follow-on investment in GSR’s latest fund

University of Michigan mulls $50m follow-on investment in GSR’s latest fund

Aerials view of Michigan Stadium as the sun rises during a Day in the Life of the University of Michigan on August 23, 2011.

The University of Michigan has proposed a $50-million follow-on investment in the latest fund of GSR Ventures, a Chinese venture capital firm that was an early backer of ride-hailing giant Didi Chuxing and bike-sharing firm ofo.