Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Pre-Seed, Seed, Early Stage, Series A, Series B, Growth, Late Stage, Pre-IPO
Geographical Focus
United States
Industries Focus
- Media
- Consumer Products
- Life Sciences
- Information Technology
- Mobility
Investment Size:
500,000 to 3,000,000 USD
Investor Details Founded: 2010
Detroit Venture Partners (DVP) is a venture capital firm founded in 2010 by Dan Gilbert, the founder and chairman of Rocket Companies, with the mission to support and establish early-stage technology companies that drive meaningful progress. DVP aims to revitalize Detroit's entrepreneurial ecosystem by partnering with visionary founders and leveraging the extensive network of over 90 companies within the Rock Family of Companies, including Rocket Mortgage, Cleveland Cavaliers, Bedrock, and StockX.
DVP focuses on investing in seed and early-stage technology startups across various sectors, including consumer products, information technology, life sciences, media, and mobility. The firm seeks companies that can benefit from its collective experience in product development, operations, sales, and marketing. DVP's investment stages range from Pre-Seed to Growth, with typical initial investments between $500,000 and $750,000 per transaction, and follow-on investments ranging from $2 million to $3 million.
By leveraging its extensive network and resources, Detroit Venture Partners plays a vital role in fostering innovation and driving economic growth in the tech industry, contributing to the revitalization of Detroit's entrepreneurial community.
Requirements
- Visionary founders
- Early-stage technology companies
- Alignment with DVP's mission to drive economic growth in Detroit
Contact
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Portfolio Companies
- StockX
- 100 Thieves
- InvestNext
- CoverTree
- Livegistics
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