Venture capital investments in Michigan companies have rebounded after a disappointing 2011 according to a report in the Detroit Free Press Friday.

In total, $26 million was invested in Michigan companies, up from $14 million in the second quarter of 2011, according to a report from PricewaterhouseCoopers and the National Venture Capital Association.

Ann Arbor company Lycera accounted for a large portion of the increase, receiving a $10 million investment. Kalamazoo-based Vesteron also received more than $10 million from a group of venture capital firms.

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