Search company, investor...

Predict your next investment

Detroit Venture Partners company logo
Venture Capital
detroit.vc

Investments

93

Portfolio Exits

11

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.

Headquarters Location

1555 Broadway Street 3rd Floor

Detroit, Michigan, 48226,

United States

313-373-7755

Want to inform investors similar to Detroit Venture Partners about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Detroit Venture Partners News

Treehouse Secures $10M to Bring EV Chargers Into Homes

Aug 10, 2023

The round is led by Montage Ventures and Trucks with participation from Fortune 500 giants, CarMax and Assurant Ventures DETROIT, August 9, 2023-- Treehouse, an electrification company that delivers turnkey installations for home EV charging, today announced $10M in funding. The round is led by Montage Ventures and Trucks Venture Capital, with participation from CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, Holman, and Automotive Ventures. The funds will be used to expand Treehouse's Installation-as-a-Service offering to more than 30 states in the next 12 months, while investing in software that can expand the offering to other electrification products. The Edison Electric Institute projects that 26.4 million electric vehicles will be on U.S. roads in 2030, meaning that EVs will make up nearly 10% of the 259 million cars and light trucks on the road in less than 8 years. Treehouse is addressing this by providing a home charging solution that allows EV owners to get an estimate in under two minutes and bundle home charging installation with the purchase of the best charger for each individual's budget and needs. "Home charging is an essential part of the EV ownership experience and Treehouse is transforming the customer experience with a novel approach," said Todd Kimmel, Founder and Managing Partner of Montage Ventures. "We believe the installation-as-a-service model has disruptive potential in electrification far beyond EVs." Treehouse's unique pricing technology allows EV buyers to receive an instant, guaranteed quote for home charging installation at the point of sale in auto retail locations or via API while applying for vehicle financing. Instant pricing allows home charging to be integrated directly into the vehicle loan, reducing barriers to affordability for home charging. Treehouse also automates permit documentation and has a proprietary network of electricians, enabling the company to deliver an elevated experience by managing the customer journey from end to end. "The power of transparent charger installation pricing is going to change how consumers shop for and buy EVs," said Reilly Brennan, Partner at Trucks Venture Capital. "Treehouse is removing a barrier to EV ownership and making it easier for millions of consumers across the country to switch to EVs." "We understand the challenges consumers typically face when it comes to installing at-home EV chargers and realize it can often feel overwhelming," said John Trieu, Managing Director, Growth Ventures, Holman. "The Treehouse team has developed an innovative strategy to streamline this complex process and, similar to Holman, their dedication to delivering an exceptional customer experience is truly remarkable. We're excited to support the company's continued growth through this strategic investment and look forward to offering customers a turnkey solution for EV charging." Beyond charger installation, Treehouse is helping EV owners maximize incentives and rate plans by compiling every federal, state, and local incentive for home EV charging. This ensures that Treehouse's customers are able to claim available rebates and select the best utility plans for their needs. "'Decarbonizing homes is an urgent task, with over 1 billion machines needing to be replaced or upgraded on the path to decarbonizing US homes in the next 15 years," said Eric Owski, CEO and Co-Founder of Treehouse. "This funding round will allow us to rapidly expand our geographic footprint and solve core technical problems that have been barriers to scale in this industry until now." Treehouse is partnered with leading brands in auto retail delivering turnkey EV charging solutions. To partner with Treehouse visit https://www.treehouse.pro/partner and to learn more about Treehouse visit https://treehouse.pro. About Treehouse Treehouse is an electrification company that delivers turnkey installations for home EV charging. The company's mission is to simplify electrification through software-enabled Installation-as-a-Service, empowering people to live more sustainable lives and accelerating the decarbonization of the places we live and work. Treehouse has raised more than $10.4M in financing to date. Investors include Montage Ventures, Trucks, CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, and Automotive Ventures and more. Contact:

Detroit Venture Partners Investments

93 Investments

Detroit Venture Partners has made 93 investments. Their latest investment was in Marxent Labs as part of their Series D - II on September 9, 2023.

CBI Logo

Detroit Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/6/2023

Series D - II

Marxent Labs

$1.76M

No

1

8/9/2023

Seed VC

Treehouse

$10M

Yes

1

4/6/2023

Series A

InvestNext

$8.25M

No

2

3/9/2023

Seed VC - III

Subscribe to see more

$99M

Subscribe to see more

10

1/17/2023

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/6/2023

8/9/2023

4/6/2023

3/9/2023

1/17/2023

Round

Series D - II

Seed VC

Series A

Seed VC - III

Seed VC - II

Company

Marxent Labs

Treehouse

InvestNext

Subscribe to see more

Subscribe to see more

Amount

$1.76M

$10M

$8.25M

$99M

$99M

New?

No

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

2

10

10

Detroit Venture Partners Portfolio Exits

11 Portfolio Exits

Detroit Venture Partners has 11 portfolio exits. Their latest portfolio exit was Trustpage on January 19, 2023.

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

1/19/2023

Acquired

$99M

11

11/17/2022

Corporate Majority

$99M

2

10/14/2021

Acquired

$99M

1

9/16/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

2/10/2020

Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/19/2023

11/17/2022

10/14/2021

9/16/2021

2/10/2020

Exit

Acquired

Corporate Majority

Acquired

Acquired

Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

11

2

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

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Joshua Linkner

Subscribe to see more

Subscribe to see more

Work History

Title

Managing Partner

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

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.

Join a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.