# Municipal Employee Retirement System

> Municipal Employee Retirement System is a VC fund in Lansing backing Energy and Medical. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Lansing, United States
- Total investments: 3
- Last investment: Mar 2021
- Lead investor: 33%
- Last updated: Aug 2026
- X (Twitter): https://www.twitter.com/mersofmichigan
- Website: http://www.mersofmich.com
- Facebook: https://www.facebook.com/mersofmichigan

Municipal Employee Retirement System is a VC fund in Lansing focused on Energy and Medical. Municipal Employee Retirement System

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 33% |
| Medical | 1 | 33% |
| Health Care | 1 | 33% |
| Oil and Gas | 1 | 33% |
| Biotechnology | 1 | 33% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 1 | 33% |
| Series D | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Calysta | Calysta Energy (www.calystaenergy.com), Menlo Park, CA., is developing a new biological gas-to-liquids™ (BioGTL™) and biological gas-to-chemicals (BioGTC™) technology using methane – an energy-rich component of natural gas – as a new sustainable biological feedstock for high value industrial chemicals and transportation fuels with cost andperformance advantages over current processes. The company is a spinout of DNA2.0, the largest US-based provider of synthetic genes for industrial and academic use. | $39M | Series D | Mar 09, 2021 |  |
| Calysta | Calysta Energy (www.calystaenergy.com), Menlo Park, CA., is developing a new biological gas-to-liquids™ (BioGTL™) and biological gas-to-chemicals (BioGTC™) technology using methane – an energy-rich component of natural gas – as a new sustainable biological feedstock for high value industrial chemicals and transportation fuels with cost andperformance advantages over current processes. The company is a spinout of DNA2.0, the largest US-based provider of synthetic genes for industrial and academic use. | $79M | Series D | Jun 26, 2019 |  |
| Trice Medical | Trice Medical is founded to fundamentally improve orthopedic diagnostics for the patient, physician, and payor by providing instant, eyes-on, answers. Trice has pioneered fully integrated camera-enabled technologies that provide a clinical solution that is optimized for the physician's office. Their mission is to provide more immediate anddefinitive patient care, eliminating the false reads associated with current indirect modalities and significantly reducing the overall cost to the healthcare system.Trice Medical was founded in 2011 and is based in Pennsylvania. |  | Series C | Jan 14, 2019 |  |

3 of 3 investments shown.

## Co-investors
- [Adisseo](https://shizune.co/investors/profile/adisseo) — VC Fund, 2 deals together
- [Aqua Spark](https://shizune.co/investors/profile/aqua-sparks) — VC Fund, 2 deals together
- [BP Ventures](https://shizune.co/investors/profile/bp-ventures) — VC Fund, 2 deals together
- [Adesso](https://shizune.co/investors/profile/adesso) — VC Fund, 1 deal together
- [BioStar Capital](https://shizune.co/investors/profile/biostar-private-equity) — VC Fund, 1 deal together
- Charter Capital Partners — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Municipal Employee Retirement System invest in?

Municipal Employee Retirement System invests primarily in Energy, Medical and Health Care startups, most often at Series C and Series D stage. Most of the 3 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Municipal Employee Retirement System last invest?

The most recent investment recorded for Municipal Employee Retirement System closed in Mar 2021. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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