The Top 14 VC Firms In Detroit [2021]

The Top 14 VC Firms In Detroit [2021]

Are you looking for a VC firm for your Detroit based startup?

Finding the right investment firm for your startup can be a daunting task.

There are a number of successful venture capital firms in Detroit, and we've curated a list of the best local firms in the area. Additionally, we provide you with:

  • Investment size
  • Funding stages
  • Typical industries the firm works with
  • Well known companies the VC firm has invested in

Here's the list:

1. Colfax Creek

  • Location: Detroit, MI, Birmingham
  • Industries: Consumer products, services, and industrials
  • Investment Range: $2M-$7M
  • Stage: Seed Stage
  • Companies invested in: TCP, Premier Engineered Products, Midwest Innovative Products, Fluence Automation.

Colfax Creek invests in “Smaller” middle-market companies and forms relationships with the business founders and management.

The VC firm focuses its capital investments and technical resources on the shared purpose of generating long-term value.

Colfax Creek investments range between $2Million and $7 Million, and they focus on Consumer products, services, and industrials.

Learn more about Colfax Creek ➜

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2. Beringea

  • Location: Detroit, MI, London
  • Industries: Advanced manufacturing, Media, Retail, SaaS, Healthcare, Business services, and consumer.
  • Investment Range: $2M-$10M
  • Stage: Seed Stage, Series A
  • Companies invested in: Popular Pays, Aistemos, Avid Ratings, Complion, Arctic shores, ATLAS Space Operations.

Beringea is a transatlantic venture capital seeking to invest in rapidly scaling entrepreneurial companies.

The VC firm typically invests between $2M-$10M in preferred equity. Focusing on fast-growing sectors, the VC firm prefers companies with promising revenue at the series A or at the small buy-out stage.

Beringea adds value through building leadership teams and providing strategic connections to their investees.

Learn more about Beringea ➜

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3. Ludlow Ventures

  • Location: Detroit, MI
  • Industries: Technology
  • Investment Range: $250K-$750K
  • Stage: Seed Stage
  • Companies invested in: Italic, Zed, Boulevard, Tally, Lev, YouTooz, Stir, Lightyear, Dwola, ScentBird, Provi, ProductHunt.

Ludlow Ventures invests in Early-stage companies focusing on the technology sector.

The VC firm seeks to fund the dreams of entrepreneurs and startups, with investments in the range of $250K to $750K.

Therefore, Ludlow Ventures commits to becoming close friends and working with executive teams to build successful companies.

Learn more about Ludlow Ventures ➜

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4. Fontinalis Partners

  • Location: Detroit, MI
  • Industries: Mobility
  • Investment Range: $100K-$10M
  • Stage: Seed Stage Seris A, Series B
  • Companies invested in: Humatics, Inrix, Karamba Security, Highland, Life360, Lyft, Nutonomy, Ouster, ParkMobile.

Fontinalis Partners invest in early-stage startups that focus on horizontal enabling technologies.

The venture capitalist also works with companies that focus on reimagining the movement, helping them realize their full potential.

The VC firm typically invests between $3M to $10M in early-stage startups and between $100 and $500K in seed rounds.

Learn more about Fontinalis Partners ➜

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5. Rockbridge Growth Equity

  • Location: Detroit, MI
  • Industries: Business services, consumer services, financial services, media & Marketing services, internet & software, sports and entertainment sectors
  • Investment Range: $20M-$100M
  • Stage: Seed Stage
  • Companies invested in Connect America, STV, Quartile, Prosites, Quicken Loans, Purchasing Power, NCU, White Glove, Rapid Finance, RB Home Services.

Rockbridge Growth Equity is a VC firm focusing on companies that compete in large and growing markets and has shown a differentiated or defensible service or technology with a proven history of success.

The VC firm commits to equity investments of between $20 Million to greater than $100 million per platform business, and it is keen on funding companies within the business services, consumer services, financial services, media & Marketing services, internet & software, sports and entertainment sectors.

Rockbridge Growth Equity also looks to partner with experienced managers and entrepreneurs who have shown the desire to build great enterprises.

Learn more about Rockbridge Growth Equity ➜

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6. Peninsula Capital Partners

  • Location: Detroit, MI
  • Industries: Technology
  • Investment Range: $2M-$20M
  • Stage: Seed Stage
  • Companies invested in: Escapology, Helix Diagnostics, Centaris, CIDS,LLC, Edge One, Dart Casting.

Peninsula Capital Partners seeks to invest in superior middle-market companies seeking capital for new acquisitions, expansion, or recapitalization.

The VC firm commits to investments in the range of $2M to $20M, with larger amounts available in conjunction with limited partners.

Peninsula Capital Partners structures investments as non-controlling or controlling depending on the unique requirements of the investment.

Learn more about Peninsula Capital Partners ➜

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7. Assembly Ventures

  • Location: Detroit, MI & Berlin, Germany
  • Industries: Mobility
  • Investment Range: Not Disclosed
  • Stage: Seed Stage, Series A, Series B
  • Companies invested in: Our Next Energy

Assembly Ventures invests in and supports entrepreneurs in the mobility sector across the Western world.

The firm partners with the people that move the world and provides investment as well as technical, strategic, and operational support to entrepreneurs innovating across air, land, sea, and space.

Assembly Ventures commits to identifying and fostering the technologies and the business models that will move the world. They are the creators of the ISA (Infrastructure, Systems, Applications) Framework for Mobility 4.0.

Learn more about Assembly Ventures ➜

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8. Black Ventures

  • Location: Detroit, MI
  • Industries: Digital Media
  • Investment Range: $1K-$10K
  • Stage: Seed Stage
  • Companies invested in: Bluurp, Audible Reality

Black Ventures invests in revenue-generating media assets including Music rights, YouTube Channels, apps, Films, Video Games, and eBooks. The VC firm works with bootstrappers and self-funded companies, creating M&A deals aimed at expanding their overall growth.

Learn more about Black Ventures ➜

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9. The Ascent Group

  • Location: Detroit, MI
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Leveleleven, Geopointe,

The Ascent Group invests in technology sectors, partnering with the technology founders and the executive teams with proven solutions.

The VC firm operates B2B SaaS companies and helps founders and the executive teams at software companies with the proven solutions required to unlock the true potential and drive sustainable growth.

Learn more about The Ascent Group ➜

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10. Arboretum Ventures

  • Location: Detroit, MI
  • Industries: Healthcare systems
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Akadeum Life Sciences, Allay therapeutics, Arbor Metrix, Aviation Medical, BioIQ, ConcertoCare, ConvergenDental, Delphinus Medical Technologies.

Arboretum Ventures invests in companies that focus on healthcare systems, life science tools, and technology-enabled healthcare. The VC firm targets early-stage ventures demonstrating capital efficiency and requiring less than $40 to $50 million to achieve an exit. Arboretum Ventures

Learn more about Arboretum Ventures ➜

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11. Detroit Venture Partners

  • Location: Detroit, MI
  • Industries: Technology
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: Signaladvisors, Ordo, DTR, Onboard, Autobooks, Ethos, Navvsystems, Digital Onboarding, bloomscape.

Detroit Venture Partners backs early-stage technology companies. The VC firm seeks to partner with visionary startup founders and to help their investees succeed.

The firm brings together passionate and creative business insiders to help early-stage startup founders build and grow meaningful ventures.

Learn more about Detroit Venture Partners ➜

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12. ID Ventures

  • Location: Detroit, MI
  • Industries: life sciences, B2B/B2C software, advanced materials and manufacturing, Consumer products, Fintech/Insurance, Healthcare, IT and mobility
  • Investment Range: Initial investment of up to $150K with follow-on opportunities
  • Stage: Seed Stage
  • Companies invested in: FireBolt, Fusion, Ecovia, Larky, Shoptelligence, BestfoodFeed, Connect Space, MountainPass.

ID Ventures focuses on early-stage high-tech startups enabling them to scale into thriving companies that help support the state’s economy and provide jobs to the local talent.

ID ventures prefer startups within the life sciences, B2B/B2C software, advanced materials, and manufacturing, Consumer products, Fintech/Insurance, Healthcare, IT, and mobility, typically providing an initial investment of up to $150K with follow-on opportunities.

In addition to funding startups, the VC firm provides a team of experts who work with ecosystem partners across the investee companies.

Learn more about ID Ventures ➜

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13. Distro Ventures

  • Location: Detroit, MI
  • Industries: Healthcare, Technology, Finance, Clothing
  • Investment Range: Not Disclosed
  • Stage: Seed Stage
  • Companies invested in: OnSignOn, Code Blue, Hugaa.

Distro Ventures invests in companies focusing on Healthcare, Technology, Finance, and Clothing. The Technology Venture Capital firm seeks to create technology solutions that will improve company performances.

Therefore, the VC firm makes financial investments, provides technology resources, advice, and the guidance required to help entrepreneurs implement entrepreneurial ideas.

Overall, the VC firm seeks to support and grow early-stage ventures, helping them grow into amazing companies.

Learn more about Distro Ventures ➜

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14. Huron Capital

  • Location: Detroit, MI
  • Industries: Commercial & Industrial Services, Professional Services, and Consumer Services
  • Investment Range: Not Disclosed
  • Stage: Seed Stage, Series A, Series B.
  • Companies invested in: Fortyy Solutions, Agri-Carriers Group, albireo energy, American Mobility, Atlantic Beverage company, Artissimo Designs, Delta Education.

Huron Capital seeks to invest in growing lower middle-market companies through their high-impact and differentiated buy-and-build investment model.

The VC firm makes flexible and customized control and non-control equity investments focusing on commercial & industrial services, Professional Services, and consumer services.

Huron Capital is keen on funding companies that have shown a history of consistent, predictable, and stable revenue.

Learn more about Huron Capital ➜

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Pat Walls,  Founder of Starter Story

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