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Venture Capital
detroitventurepartners.com

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Investments

84

Portfolio Exits

10

Funds

1

Partners & Customers

1

About Detroit Venture Partners

Detroit Venture Partners is a Michigan based VC firm that backs seed and early-stage technology companies.

Detroit Venture Partners Headquarter Location

1555 Broadway Street 3rd Floor

Detroit, Michigan, 48226,

United States

313-373-7755

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Latest Detroit Venture Partners News

Airspace Link completes a $23M Series B Round, led by Avanta Ventures, to accelerate the safe integration of drones

Jun 23, 2022

Airspace Link completes a $23M Series B Round, led by Avanta Ventures, to accelerate the safe integration of drones Jun 23, 2022 Airspace Link Inc, a leading provider of drone safety software and data solutions, announced the completion of a $23M Series B capital raise led by  Avanta Ventures  with new investment from  Morningside ,  Caprock,  and follow-on investment from  Altos Ventures ,  Indicator Ventures ,  2048 Ventures ,  Detroit Venture Partners , and  Thales Group . Founded in 2018 in Detroit, Michigan, Airspace Link has seen rapid growth over the past few years, as it drives the industry forward in safely integrating drones into communities at scale. The company has raised a total investment of $37M, expanding its impact and value for partners and customers exponentially in the past year alone. The team has put that capital to work, rapidly expanding products and services while growing from 17 employees to near 50. “Drones are an exciting new form of mobility, with advanced hardware now available at scale. Airspace Link provides the safety infrastructure for drones, focusing on the precise data, software, and analytics required to support scalable operations. Airspace Link’s products and services, through the AirHub® Platform, are utilized in all aspects of the industry, whether for informing safety cases, compliance, policy decisions, risk management, or insurance modeling. We’re excited to rapidly expand our offerings and societal impact with this infusion of capital. ” says Michael Healander, Co-Founder & CEO of Airspace Link. As the venture capital arm of CSAA Insurance Group, a AAA insurer, Avanta Ventures is aligned with one of the top personal lines of property and casualty insurance underwriters in the United States. “Our investment in Airspace Link aligns with our deep focus on mobility innovation, safety, and risk management,” says David Li, Principal at Avanta Ventures. “We look forward to working with Airspace Link to accelerate aerial mobility in the safest manner for consumers and communities at scale.” With this funding, Airspace Link will continue to invest in and expand on initiatives to support the safe scaling of drone usage through: Delivering safe, performant, and neutral Supplemental Data Service Provider (SDSP) and UAS Service Supplier (USS) capabilities to enable the acceleration of UAS Traffic Management (UTM) ecosystems. Partnering with and supporting drone manufacturers, operators, software, and service providers to jointly execute on our shared vision. Strategically expand services globally, with partners like  Thales Group  and  Esri , to support our current customers’ expansion and new market development. Expanding Airspace Link’s Federal Aviation Administration (FAA) public-private partnership, through programs such as  LAANC USS ,  BEYOND ,  Remote ID,  and more initiatives in the United States. Continuing to partner with State & Local Government to drive investment supporting drone infrastructure, enabling them to unlock economic, environmental, and social equity objectives delivered through advanced aerial mobility. “A great validator of go-to-market strategy has been the excitement and buy-in we’ve seen from investors and partners on our financial business model and partner-centric approach. The confidence of investors, as shown by this capital raise, will enable us to meet the rapidly growing demand we’re seeing in the market, both in the U.S. and globally.” said  Bill Johnson , CFO of Airspace Link. About Airspace Link Airspace Link’s vision is to create a world where the safe integration of drones fuels human progress, advancing social equity, the environment, and the economy. Founded in Detroit in 2018 by CEO Michael Healander, Airspace Link is one of the few FAA Approved UAS Service Suppliers of the Low Altitude Authorization & Notification Capability (LAANC) in the United States. Airspace Link’s cloud-based platform, AirHub®, provides the digital infrastructure required to support the safe use of recreational and commercial drones in communities at scale, supporting the growth of drone operations, drone service providers, drone manufacturers, package delivery, and air taxi deployment in the future. Learn more at  www.airspacelink.com .

Detroit Venture Partners Investments

84 Investments

Detroit Venture Partners has made 84 investments. Their latest investment was in Airspace Link as part of their Series B on June 6, 2022.

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Detroit Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/22/2022

Series B

Airspace Link

$23M

No

2

5/10/2022

Series A

EXO Freight

$15M

Yes

2

5/5/2022

Seed VC

Kabata

$2M

Yes

1

4/11/2022

Seed VC

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$99M

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10

2/15/2022

Series D

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$99M

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10

Date

6/22/2022

5/10/2022

5/5/2022

4/11/2022

2/15/2022

Round

Series B

Series A

Seed VC

Seed VC

Series D

Company

Airspace Link

EXO Freight

Kabata

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Amount

$23M

$15M

$2M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

1

10

10

Detroit Venture Partners Portfolio Exits

10 Portfolio Exits

Detroit Venture Partners has 10 portfolio exits. Their latest portfolio exit was OnBoard Meetings on November 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/22/2021

Acquired

$99M

1

10/14/2021

Acquired

$99M

1

9/16/2021

Acquired

$99M

1

2/10/2020

Merger

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$99M

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10

10/16/2017

Acquired

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$99M

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10

Date

11/22/2021

10/14/2021

9/16/2021

2/10/2020

10/16/2017

Exit

Acquired

Acquired

Acquired

Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

Detroit Venture Partners Fund History

1 Fund History

Detroit Venture Partners has 1 fund, including Detroit Venture Partners.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/8/2013

Detroit Venture Partners

Early-Stage Venture Capital

Open

$55.26M

3

Closing Date

10/8/2013

Fund

Detroit Venture Partners

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

$55.26M

Sources

3

Detroit Venture Partners Partners & Customers

1 Partners and customers

Detroit Venture Partners has 1 strategic partners and customers. Detroit Venture Partners recently partnered with Grand Circus on September 9, 2013.

Detroit Venture Partners Team

3 Team Members

Detroit Venture Partners has 3 team members, including current Managing Partner, Joshua Linkner.

Name

Work History

Title

Status

Joshua Linkner

Managing Partner

Current

Daniel R. Gilbert

General Partner

Current

Earvin Johnson

General Partner

Former

Name

Joshua Linkner

Daniel R. Gilbert

Earvin Johnson

Work History

Title

Managing Partner

General Partner

General Partner

Status

Current

Current

Former

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