Detroit Venture Partners

Detroit Venture Partners, LLC is a venture capital firm based in Detroit, Michigan, founded in November 2010. The firm specializes in investing in seed and early-stage technology companies, focusing on sectors such as internet, digital media, marketing technology, consumer web, mobile software, social media, e-commerce, and advertisement technology. It typically invests between $250,000 and $750,000 per transaction, with a preference for follow-on investments ranging from $2 million to $3 million. Detroit Venture Partners primarily targets companies located in the United States, particularly in the Detroit area and Ontario. The firm does not invest in biotech or advanced manufacturing, emphasizing its commitment to supporting passionate entrepreneurs who aspire to create meaningful businesses that contribute to the revitalization of the Detroit region.

Jake Cohen

Partner

Brian Hermelin

Partner

Kate Hernandez

Principal

Jared Stasik

Partner

Cory Tincher

Investor

Gabe Karp

Partner

Past deals in Midwestern US

CoverTree

Series A in 2024
CoverTree is an insurance technology company that specializes in providing digital insurance solutions for residents of manufactured homes. Headquartered in Detroit, Michigan, the company aims to enhance access to manufactured home insurance through digital distribution, automated underwriting, and data-driven pricing. CoverTree's insurance products are currently available in several states, including Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee. By focusing on specialty personal lines of insurance, CoverTree seeks to offer clients improved and tailored insurance options for their unique housing needs.

Rivet Work

Venture Round in 2024
Rivet Work Inc., founded in 2019 and based in Detroit, Michigan, specializes in providing digital tools tailored for contractors, unions, and trade schools within the construction industry. Its flagship application, Rivet, serves as a comprehensive workforce management platform that allows users to efficiently organize their teams, access and assign workers to various jobs from any location, and track real-time developments on job sites through features like the Job Site Feed. The platform also facilitates instant notifications about new jobs and project changes, enhancing communication and operational efficiency. By modernizing labor management processes, Rivet aims to support skilled trades and promote construction as an attractive career path for the emerging workforce.

Rivet Work

Seed Round in 2023
Rivet Work Inc., founded in 2019 and based in Detroit, Michigan, specializes in providing digital tools tailored for contractors, unions, and trade schools within the construction industry. Its flagship application, Rivet, serves as a comprehensive workforce management platform that allows users to efficiently organize their teams, access and assign workers to various jobs from any location, and track real-time developments on job sites through features like the Job Site Feed. The platform also facilitates instant notifications about new jobs and project changes, enhancing communication and operational efficiency. By modernizing labor management processes, Rivet aims to support skilled trades and promote construction as an attractive career path for the emerging workforce.

CoverTree

Seed Round in 2022
CoverTree is an insurance technology company that specializes in providing digital insurance solutions for residents of manufactured homes. Headquartered in Detroit, Michigan, the company aims to enhance access to manufactured home insurance through digital distribution, automated underwriting, and data-driven pricing. CoverTree's insurance products are currently available in several states, including Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee. By focusing on specialty personal lines of insurance, CoverTree seeks to offer clients improved and tailored insurance options for their unique housing needs.

Navv Systems

Series A in 2022
Navv Systems provides healthcare-focused indoor location technology with the NavvTrack platform. Integrated with Apple Maps, NavvTrack empowers hospitals with high-resolution indoor maps and tools to easily locate and manage staff, equipment, and resources. Developed at Henry Ford Innovations in Detroit, Michigan, NavvTrack is deployed in multiple U.S. hospitals, where it streamlines enterprise device management, helps coordinate team workflows and reduces operational costs.

Airspace Link

Series B in 2022
Airspace Link digitizes local airspace for urban air mobility. It provides government, citizen, and business drone solutions to support local government airspace management, fostering citizen empowerment, and business innovation through consumer and b2b air logistical support and services. It was founded in 2018 and is based in Detroit, Michigan.

Rivet Work

Seed Round in 2021
Rivet Work Inc., founded in 2019 and based in Detroit, Michigan, specializes in providing digital tools tailored for contractors, unions, and trade schools within the construction industry. Its flagship application, Rivet, serves as a comprehensive workforce management platform that allows users to efficiently organize their teams, access and assign workers to various jobs from any location, and track real-time developments on job sites through features like the Job Site Feed. The platform also facilitates instant notifications about new jobs and project changes, enhancing communication and operational efficiency. By modernizing labor management processes, Rivet aims to support skilled trades and promote construction as an attractive career path for the emerging workforce.

InvestNext

Seed Round in 2021
InvestNext, founded in 2016 and based in Detroit, Michigan, focuses on transforming the way investment firms manage capital and engage with investors. The company developed an intuitive investment management platform that streamlines administrative processes and enhances investor relations. This platform offers features such as risk assessment, reporting, fundraising capabilities, and digitized client onboarding services, providing real-time insights that facilitate optimized decision-making. By fostering close partnerships with commercial real estate syndicators and investment firms globally, InvestNext aims to enhance transparency and efficiency in the investment management process. The platform is trusted by tens of thousands of investors, with billions of dollars managed, reflecting its impact on improving the investment experience and empowering firms to grow their businesses.

Splash Financial

Series B in 2021
Splash Financial, Inc. is a student loan refinancing company based in Cleveland, Ohio, founded in 2013. The company specializes in providing online lending solutions that assist college graduates in consolidating and refinancing both federal and private student loan debt. Splash Financial operates a unique hybrid marketplace model, enabling borrowers to shop and compare financial products offered by a network of credit unions and bank partners. Through its automated underwriting platform, the company has facilitated significant savings for individuals refinancing their student loans. Splash Financial has attracted over $60 million in venture capital from prominent investors, reflecting its commitment to empowering borrowers to manage their debt effectively.

Navv Systems

Seed Round in 2021
Navv Systems provides healthcare-focused indoor location technology with the NavvTrack platform. Integrated with Apple Maps, NavvTrack empowers hospitals with high-resolution indoor maps and tools to easily locate and manage staff, equipment, and resources. Developed at Henry Ford Innovations in Detroit, Michigan, NavvTrack is deployed in multiple U.S. hospitals, where it streamlines enterprise device management, helps coordinate team workflows and reduces operational costs.

Autobooks

Series B in 2021
Autobooks, Inc. is a provider of integrated payment and accounting software designed for small businesses and delivered through financial institutions. Founded in 2015 and based in Detroit, Michigan, Autobooks offers a cloud-based platform that simplifies the management of cash flow and automates accounting processes. The platform enables small businesses to easily receive payments online, reconcile accounts, and access tools for invoicing, bill payment, and merchant services. By embedding its services within existing digital banking channels, Autobooks allows financial institutions to enhance their offerings and provide essential back-office support for their small business clients. The company, which was previously known as Automated Booking, Inc., rebranded to Autobooks, Inc. in March 2018.

Sift

Series A in 2020
Sift LLC specializes in developing workplace directory software that enhances employee engagement and productivity by providing comprehensive information about colleagues. Founded in 2014 and based in Detroit, Michigan, Sift's platform allows users to easily search for and connect with colleagues through dynamic profiles and organizational charts derived from existing HR data. It integrates seamlessly with various HR systems, gathers additional insights from team members and LinkedIn, and can function as a standalone solution or be embedded within intranets. By facilitating the discovery of colleagues and their core competencies, Sift aims to foster stronger connections within organizations, ultimately driving performance and efficiency in a people-first digital environment.

Airspace Link

Seed Round in 2020
Airspace Link digitizes local airspace for urban air mobility. It provides government, citizen, and business drone solutions to support local government airspace management, fostering citizen empowerment, and business innovation through consumer and b2b air logistical support and services. It was founded in 2018 and is based in Detroit, Michigan.

Airspace Link

Pre Seed Round in 2019
Airspace Link digitizes local airspace for urban air mobility. It provides government, citizen, and business drone solutions to support local government airspace management, fostering citizen empowerment, and business innovation through consumer and b2b air logistical support and services. It was founded in 2018 and is based in Detroit, Michigan.

Bloomscape

Seed Round in 2018
Bloomscape, Inc. is an online retailer based in Detroit, Michigan, specializing in the sale of houseplants and related care tools. Founded in 2017, the company provides customers with a variety of fully grown potted plants, including popular species such as tradescantia zebriana, pinstripe, and spider plants. Bloomscape focuses on enhancing the plant-buying experience by delivering ready-to-go plants directly to customers' doors, along with essential post-purchase care instructions. Additionally, the company offers a Plant Mom service, allowing customers to seek expert advice on plant care. Bloomscape aims to foster strong relationships between customers and their plants, simplifying the process of purchasing and maintaining indoor greenery.

StockX

Series B in 2018
StockX LLC operates an online marketplace that facilitates the buying and selling of limited edition and high-demand sneakers. Founded in March 2015 and headquartered in Detroit, Michigan, StockX provides a platform that mimics a stock market environment, allowing users to engage in anonymous transactions with stock market-like visibility. The marketplace offers features such as historical price and volume metrics, real-time bids and offers, and time-stamped trades. Users can create personalized sneaker portfolios by uploading their current collections, enabling them to compare and contrast their sneakers with those of other users. This structure empowers consumers to assess the value of their products while ensuring sellers receive fair deals through transparent market analysis and insights.

StockX

Series A in 2017
StockX LLC operates an online marketplace that facilitates the buying and selling of limited edition and high-demand sneakers. Founded in March 2015 and headquartered in Detroit, Michigan, StockX provides a platform that mimics a stock market environment, allowing users to engage in anonymous transactions with stock market-like visibility. The marketplace offers features such as historical price and volume metrics, real-time bids and offers, and time-stamped trades. Users can create personalized sneaker portfolios by uploading their current collections, enabling them to compare and contrast their sneakers with those of other users. This structure empowers consumers to assess the value of their products while ensuring sellers receive fair deals through transparent market analysis and insights.

Rockbot

Seed Round in 2014
Rockbot, Inc. is a company that provides a comprehensive music solution designed for businesses to manage their soundtracks and enhance guest engagement through an online dashboard. Founded in 2009 and based in Oakland, California, with an additional office in Detroit, Rockbot serves a diverse range of industries, including restaurants, retail, fitness, hotels, and educational institutions. The platform allows clients to control music remotely and offers insights into music licensing. Rockbot also features a mobile jukebox application that enables customers to select licensed music from their smartphones, fostering interaction at venues. The company has gained recognition as a pioneer in the media-for-business sector, with nearly 50,000 clients across North America, including major brands like Planet Fitness and Walmart.

LevelEleven

Seed Round in 2014
LevelEleven is a computer software company that specializes in the fields of gamification, sales contests, KPI management, and performance management software. It serves as performance management suite for leaders of customer-facing teams to motivate, engage, and coach around key behaviors that drive results. The company was founded in 2012 and headquartered in Detroit, Michigan.

BoostUp

Seed Round in 2013
BoostUp, LLC operates a savings platform aimed at helping consumers achieve their financial goals for significant purchases such as a car, home, wedding, or travel. Founded in 2009 and based in Detroit, Michigan, BoostUp allows users to automate their savings plans, starting with as little as $1 per day, and offers features such as rounding up everyday purchases and crowdfunding gifts from family and friends. Users can create accounts, connect their bank accounts, and receive monetary boosts from brands to enhance their savings. With over 53,000 users, BoostUp has facilitated more than $165 million in purchases through its platform, making saving for major life events both easy and rewarding.

LevelEleven

Seed Round in 2013
LevelEleven is a computer software company that specializes in the fields of gamification, sales contests, KPI management, and performance management software. It serves as performance management suite for leaders of customer-facing teams to motivate, engage, and coach around key behaviors that drive results. The company was founded in 2012 and headquartered in Detroit, Michigan.

FamilyTech

Seed Round in 2013
FamilyTech offers brands and businesses a family-focused environment. It offers apps used by millions of parents, teens, kids, and couples to make life easier and more rewarding. Its apps are used by millions of parents, teens, kids, and couples to make life easier and more rewarding. Its current lineup includes MotherShp (for parents), Landra (for teens), ChoreMonster (for kids), and HoneyDo (for couples). It was founded in 2011 and is based in Cincinnati, Ohio.

UpTo

Series A in 2013
UpTo is a modern calendar that gives a more complete view of everything coming up that matters without the clutter. It creates a beautiful web calendar for their business or organization. The platform brings calendar to life and allows them to easily add events, without an IT department. Add events through an online account and watch them sync seamlessly across UpTo's mobile app and web calendars. Upto was established in 2011 and is based in Detroit, Michigan, United States.

Grand Circus

Series A in 2013
Grand Circus is a training institute based in downtown Detroit that aims to enhance the tech community through customized training, coworking spaces, and events. The organization emphasizes practical outcomes over traditional certification, focusing on project-based instruction that equips students with real-world expertise. Its curriculum is designed around current trends in technology, business, and design, and is developed in collaboration with industry experts. Grand Circus offers workshops that cover a range of skills including business planning, brand promotion, digital marketing, agile management, and design training. By prioritizing hands-on learning and professional development, Grand Circus helps junior developers acquire the necessary skills to succeed in their careers.

Chalkfly

Series A in 2013
Chalkfly is reinventing the experience of buying office and school supplies online. With over 50,000 products, 24/7 customer service, a 365 return policy and a mission to change the world - Chalkfly is bringing excitement and purpose to the office supply world. Chalkfly customers can choose a teacher to receive five percent of their purchase. We believe that doing good is good business and we're committed to supporting the communities in which we serve. Founded in late 2012, Chalkfly is ranked as one of the fastest growing e-commerce companies in country (we’re the youngest member of the Internet Retailer’s Second 500 for 2013). Chalkfly is also proud to be ranked as one of Turnstone’s 2013 Best Young Companies To Work For. We’re proudly based in Detroit and through our amazing team and commitment to education, we hope to change the way supplies are bought online. Chalkfly is currently fundraising. We'd welcome the chance to explore partnership opportunities. Please reach out to smile@chalkfly.com if interested. Thank you!

Quikly

Series A in 2013
Quikly Inc., based in Detroit, Michigan, operates a marketing platform designed to assist consumer brands in executing targeted campaigns that reward both new and existing customers. Founded in 2012, Quikly provides a range of marketing solutions, including email, social, mobile, loyalty, and local marketing, aimed at enhancing customer engagement and driving key behaviors such as purchases and store visits. By leveraging insights from consumer psychology, Quikly’s technology enables brands to boost digital activation and engagement effectively, leading to improved return on investment. The platform is particularly beneficial for digital marketers in sectors such as retail, dining, and consumer-packaged goods, facilitating customer acquisition, activation, and retention through innovative strategies that emphasize scarcity, anticipation, and competition.

LevelEleven

Seed Round in 2012
LevelEleven is a computer software company that specializes in the fields of gamification, sales contests, KPI management, and performance management software. It serves as performance management suite for leaders of customer-facing teams to motivate, engage, and coach around key behaviors that drive results. The company was founded in 2012 and headquartered in Detroit, Michigan.

Quikly

Series A in 2012
Quikly Inc., based in Detroit, Michigan, operates a marketing platform designed to assist consumer brands in executing targeted campaigns that reward both new and existing customers. Founded in 2012, Quikly provides a range of marketing solutions, including email, social, mobile, loyalty, and local marketing, aimed at enhancing customer engagement and driving key behaviors such as purchases and store visits. By leveraging insights from consumer psychology, Quikly’s technology enables brands to boost digital activation and engagement effectively, leading to improved return on investment. The platform is particularly beneficial for digital marketers in sectors such as retail, dining, and consumer-packaged goods, facilitating customer acquisition, activation, and retention through innovative strategies that emphasize scarcity, anticipation, and competition.

Rockbot

Seed Round in 2012
Rockbot, Inc. is a company that provides a comprehensive music solution designed for businesses to manage their soundtracks and enhance guest engagement through an online dashboard. Founded in 2009 and based in Oakland, California, with an additional office in Detroit, Rockbot serves a diverse range of industries, including restaurants, retail, fitness, hotels, and educational institutions. The platform allows clients to control music remotely and offers insights into music licensing. Rockbot also features a mobile jukebox application that enables customers to select licensed music from their smartphones, fostering interaction at venues. The company has gained recognition as a pioneer in the media-for-business sector, with nearly 50,000 clients across North America, including major brands like Planet Fitness and Walmart.

Quikly

Series A in 2012
Quikly Inc., based in Detroit, Michigan, operates a marketing platform designed to assist consumer brands in executing targeted campaigns that reward both new and existing customers. Founded in 2012, Quikly provides a range of marketing solutions, including email, social, mobile, loyalty, and local marketing, aimed at enhancing customer engagement and driving key behaviors such as purchases and store visits. By leveraging insights from consumer psychology, Quikly’s technology enables brands to boost digital activation and engagement effectively, leading to improved return on investment. The platform is particularly beneficial for digital marketers in sectors such as retail, dining, and consumer-packaged goods, facilitating customer acquisition, activation, and retention through innovative strategies that emphasize scarcity, anticipation, and competition.

UpTo

Seed Round in 2011
UpTo is a modern calendar that gives a more complete view of everything coming up that matters without the clutter. It creates a beautiful web calendar for their business or organization. The platform brings calendar to life and allows them to easily add events, without an IT department. Add events through an online account and watch them sync seamlessly across UpTo's mobile app and web calendars. Upto was established in 2011 and is based in Detroit, Michigan, United States.
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