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First Step Fund

Venture Capital

Invest Detroit Ventures provides investment capital and resources to early-stage, high-growth companies in the Detroit region and throughout Michigan.

Founded 2010 United States Detroit, United States 1-10 employees Finance, Financial Services

23

Total Investments

18

Portfolio Companies

-

Exits

2

Industries

General Information

Industries Finance, Financial Services
Funding Stage Seed +2

Company Overview

Founded 2010
Employees 1-10
Location United States Detroit, United States

Investment Criteria

Investment Thesis

•••••• •••••• ••••••

About First Step Fund

Invest Detroit Ventures provides investment capital and resources to early-stage, high-growth companies in the Detroit region and throughout Michigan. Our team is committed to supporting the entrepreneurial ecosystem with capital, on-going mentorship, and community engagement. We implement targeted venture development programs to help build and promote scalable businesses in the region. Our commitment is building a robust tech community in Detroit and throughout Michigan. We are collectively focused on implementing an investment strategy that is inclusive and supportive of minority, immigrant, and women entrepreneurs. IDV manages three investment funds and has invested in over 95 Michigan-based start-ups. Deploying several million in capital per year, IDV is one of the most active pre-seed through early-A funders in the Great Lakes region.

Recent Investments (23)

View All
Company Stage Amount Date
Seed Round •••••• Sep 2023
Pre Seed Round •••••• Aug 2022
Seed Round •••••• Jun 2022
Seed Round •••••• May 2022
Series B •••••• Mar 2022
Portfolio company •••• ••••
Seed Round •••••• Jan 2022
Portfolio company •••• ••••
Series A •••••• Mar 2021
Portfolio company •••• ••••
Seed Round •••••• Feb 2021
Portfolio company •••• ••••
Pre Seed Round •••••• Nov 2020
Portfolio company •••• ••••
Pre Seed Round •••••• Jan 2020

See all 23 investments →

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