Investments
47Portfolio Exits
4Funds
5About 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
Invest Detroit Web Traffic
Invest Detroit Rank
Latest Invest Detroit News
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.
Invest Detroit Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/22/2022 | Seed VC | Claira | $3.5M | Yes | Connetic Ventures, Heartland Ventures, Northern Michigan Angels, Trend Forward Capital, and Undisclosed Investors | 2 |
3/8/2022 | Series B | Genomenon | $20M | No | 5 | |
2/22/2022 | Series A | Plinqit | $5M | Yes | 4Front Credit Union, FINTOP Capital, JAM FINTOP, Michigan Rise, and Undisclosed Investors | 10 |
1/26/2022 | Seed VC - II | |||||
1/12/2022 | Seed VC |
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 | ||
Amount | $3.5M | $20M | $5M | ||
New? | Yes | No | Yes | ||
Co-Investors | Connetic Ventures, Heartland Ventures, Northern Michigan Angels, Trend Forward Capital, and Undisclosed Investors | 4Front Credit Union, FINTOP Capital, JAM FINTOP, Michigan Rise, and Undisclosed Investors | |||
Sources | 2 | 5 | 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 | |||
Date | 4/30/2019 | |||
|---|---|---|---|---|
Exit | Acquired | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 1 |
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 | |||||
First Capital Fund | |||||
First Step Fund | |||||
Invest Detroit Michigan Fund |
Closing Date | |||||
|---|---|---|---|---|---|
Fund | First Capital Fund | Detroit Innovative Fund I | First Capital Fund | First Step Fund | Invest Detroit Michigan Fund |
Fund Type | |||||
Status | |||||
Amount | |||||
Sources | 1 |
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 | Senior Vice President | Current |
Name | Patricia Glaza | Martin Dober |
|---|---|---|
Work History | Arsenal Growth Equity, Small Times Media, HealthMedia, and Accenture | |
Title | Executive Vice President | Senior Vice President |
Status | Current | Current |
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