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Detroit Venture Partners

Investor type Micro VC
Founders Brian Hermelin Dan Gilbert

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 81
Average round size
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The average size of a deal this fund participated in
$11M
Portfolio companies 50
Rounds per year 6.75
Lead investments 19
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.38
Exits 8
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Enterprise Software
  • E-Commerce
  • Software
  • Social Media
  • Information Technology
Summary

Detroit Venture Partners appeared to be the VC, which was created in 2010. The main office of represented VC is situated in the Detroit. The venture was found in North America in United States.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Detroit Venture Partners, startups are often financed by Hyde Park Venture Partners, NCT Ventures, Village Ventures. The meaningful sponsors for the fund in investment in the same round are Ludlow Ventures, NCT Ventures, Stage 1 Ventures. In the next rounds fund is usually obtained by NCT Ventures, Ludlow Ventures, BIP Capital.

This Detroit Venture Partners works on 17 percentage points less the average amount of lead investments comparing to the other organizations. Deals in the range of 1 - 5 millions dollars are the general things for fund. The typical startup value when the investment from Detroit Venture Partners is 5-10 millions dollars. The real fund results show that this VC is 46 percentage points more often commits exit comparing to other companies. The increased amount of exits for fund were in 2017. The high activity for fund was in 2011. Despite it in 2019 the fund had an activity. The fund is generally included in 7-12 deals every year.

This organization was formed by Brian Hermelin, Dan Gilbert. We also calculated 4 valuable employees in our database.

Among the various public portfolio startups of the fund, we may underline StockX, Dwolla, Miso Media Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has exact preference in a number of founders of portfolio startups. If startup sums 1 of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Digital Media, Mobile.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Detroit Venture Partners:
Typical Co-investors
Detroit Venture Partners is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Detroit Venture Partners:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

EXO Freight

Logistics
Supply Chain Management
$15M19 May 2022 Royal Oak, Michigan, United States

Kabata

B2B
Health Care
Wellness
$2M05 May 2022 Los Angeles, California, United States

Livegistics

Civil Engineering
Cloud Computing
Construction
Logistics
Software
$6M07 Apr 2022 Detroit, Michigan, United States

Palmetto Clean Technology

Clean Energy
CleanTech
Consumer Software
Energy
Energy Efficiency
Energy Storage
Enterprise Software
Renewable Energy
Solar
$375M24 Feb 2022 Charleston, South Carolina, United States

WSC Sports

Artificial Intelligence
Broadcasting
Content
Digital Media
Sports
Video
$100M15 Feb 2022 Israel, Tel Aviv District, Israel

Rare Circles

$7M03 Feb 2022 -

Trustpage

Compliance
Cyber Security
Privacy
$5M30 Nov 2021 Michigan, United States

InvestNext

Consulting
Financial Services
Funding Platform
Real Estate Investment
$4M07 Oct 2021 Detroit, Michigan, United States

Mountaintop Studios

Gaming
PC Games
$30M18 Aug 2021 San Francisco, California, United States
News
Dwolla Raises $21M in Funding

– Dwolla is a Des Moines, Iowa-based modern payments platform provider.
– Company raised $21m in funding.
– The round was led by Foundry Group with participation from Park West Asset Management LLC, Union Square Ventures, Detroit Venture Partners, Firebrand Ventures and Next Level Ventures, and Jeremy Andrus, CEO of Traeger.
– The new investment will be used to conduct growth initiatives with international payments, expansive partner relationships through a partner API and further accelerate its product roadmap focused on a real-time payments experience.

Splash Financial Raises $44.3M in Series B Funding

– Splash Financial is a digital lending platform that allows borrowers to shop and compare financial products from a network of lenders.
– The company secured $44.3m in Series B funding.
– The round was led by DST Global and Citi Ventures, with participation from Detroit Venture Partners, Firebolt Ventures, and existing investors CMFG Ventures and Northwestern Mutual Future Ventures.
– The new investment will be used to further accelerate growth within its lender network and automated underwriting platform.

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