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Venture Capital
FINANCE | Investment Firms & Funds
investdetroit.vc

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Investments

47

Portfolio Exits

4

Funds

5

About Invest Detroit

Invest Detroit provides source of private sector gap financing and utilizes funding tools through managed for-profit and non-profit targeted funds to support economic and community development in underserved communities.

Invest Detroit Headquarter Location

600 Renaissance Center Suite 1710

Detroit, Michigan, 48243-1802,

United States

313-259-6368

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Invest Detroit Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Invest Detroit Rank

Latest Invest Detroit News

HR tech platform Claira raises $ 3.5 Mn in a Seed funding round

May 4, 2022

" Competency analytics engine Claire has raised $3.5M in a Seed funding round led by Heartland Ventures. The round also saw participation from Trend Forward Capital, Connetic Ventures, Invest Detroit Ventures, and Northern Michigan Angels. The company will use the funds to advance machine learning capabilities and accelerate the rollout to key customer segments. According to the official communique, a veteran of two prestigious accelerators, Google for Startups and MassChallenge, and a member of the Forbes Next 1000 ranking, Katie Hall, assembled a veteran team of business and engineering leaders to help lead Claira. The company has raised $4.4M since launching to the public in November 2020, supported by Varnum LLP in Michigan. Commenting on the latest fundraiser, Hall said, “The value of competencies in education and work is well established globally but has yet to be packaged in a usable SaaS interface, driven by machine learning and a massive dataset that actually has huge ROI for users."

Invest Detroit Investments

47 Investments

Invest Detroit has made 47 investments. Their latest investment was in Claira as part of their Seed VC on April 4, 2022.

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Invest Detroit Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/22/2022

Seed VC

Claira

$3.5M

Yes

2

3/8/2022

Series B

Genomenon

$20M

No

5

2/22/2022

Series A

Plinqit

$5M

Yes

10

1/26/2022

Seed VC - II

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$99M

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10

1/12/2022

Seed VC

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10

Date

4/22/2022

3/8/2022

2/22/2022

1/26/2022

1/12/2022

Round

Seed VC

Series B

Series A

Seed VC - II

Seed VC

Company

Claira

Genomenon

Plinqit

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Amount

$3.5M

$20M

$5M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

5

10

10

10

Invest Detroit Portfolio Exits

4 Portfolio Exits

Invest Detroit has 4 portfolio exits. Their latest portfolio exit was MI Bioresearch on April 30, 2019.

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

4/30/2019

Acquired

1

1/1/2019

Acquired

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10

4/25/2018

Acquired

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10

9/26/2013

Acquired

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$99M

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10

Date

4/30/2019

1/1/2019

4/25/2018

9/26/2013

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

10

Invest Detroit Fund History

5 Fund Histories

Invest Detroit has 5 funds, including First Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

First Capital Fund

1

Detroit Innovative Fund I

$99M

10

First Capital Fund

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10

First Step Fund

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10

Invest Detroit Michigan Fund

10

Closing Date

Fund

First Capital Fund

Detroit Innovative Fund I

First Capital Fund

First Step Fund

Invest Detroit Michigan Fund

Fund Type

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Status

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Amount

$99M

Sources

1

10

10

10

10

Invest Detroit Team

2 Team Members

Invest Detroit has 2 team members, including current Executive Vice President, Patricia Glaza.

Name

Work History

Title

Status

Patricia Glaza

Arsenal Growth Equity, Small Times Media, HealthMedia, and Accenture

Executive Vice President

Current

Martin Dober

Michigan Economic Development Corporation, iRobot, and Delphi

Senior Vice President

Current

Name

Patricia Glaza

Martin Dober

Work History

Arsenal Growth Equity, Small Times Media, HealthMedia, and Accenture

Michigan Economic Development Corporation, iRobot, and Delphi

Title

Executive Vice President

Senior Vice President

Status

Current

Current

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