Investments
84Portfolio Exits
10Funds
1Partners & Customers
1Latest Detroit Venture Partners News
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.
Detroit Venture Partners Investments Activity
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 | |||||
2/15/2022 | Series D |
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 | ||
Amount | $23M | $15M | $2M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 1 |
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 | 1 | |||
10/14/2021 | Acquired | 1 | |||
9/16/2021 | Acquired | 1 | |||
Date | 11/22/2021 | 10/14/2021 | 9/16/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 1 |
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.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
9/30/2013 | Partner | United States | 1 |
Date | 9/30/2013 |
---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | |
Sources | 1 |
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 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.