Top 6 Venture Capital Firms in Detroit, MI [2022]

Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms in Detroit, each with their industry focus and investment size.

So, if you haven’t yet started to reach out, here is a good place to start learning about them.

This article is part of a series where we present you the top Venture Capital firms across the US. For the Mid West, check out our rankings for Chicago, Indianapolis, Columbus, Louisville, Charlotte, Minneapolis and Milwaukee.
Looking for the best startup incubators and accelerators in Detroit instead? Check out our ranking here.

Top 6 Venture Capital Firms In Detroit, MI

Here’s a summary of our top 6 picks for the best venture capital firms in Detroit, Michigan (in alphabetical order):

NameSector focusInvestment stageInvestment rangeInvestments
BeringaAdvanced Manufacturing, CleanTech, Consumer, Healthcare, Media, Retail, SaaSSeries A, Series A+$2M to $10M113
Detroit Venture PartnersTechSeed, Series AUndisclosed62
Fontinalis PartnersMobilitySeed to Series A+$250k to $5M45
ID VenturesMobility, Life Science, Healthcare IT, Fintech & Insurance, Consumer Products, B2B & B2C Software, AdTech, Advanced Materials & ManufacturingSeed, Series AUndisclosed200+
Ludlow VenturesTech-enabledSeedUndisclosed105
The Accent GroupB2B TechnologySeed, Series AUndisclosed2

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1. Beringa

Beringa is a leading venture capital firm operational in Detroit. However, it also has a physical presence in London. This venture capital firm offers Series A and Series A+ funding to the companies it selects.

The primary focus areas where Beringa invests include Advanced Manufacturing, Business Services, CleanTech, Consumer, Healthcare, Media, Retail, and SaaS. This venture capital firm usually writes a check of anywhere between $2M and $10M for each company it selects.

However, it is important that the companies applying for funding should have a clear vision of the company’s future along with proven commercial traction.

So far, Beringa has invested in 113 companies, some of which are CGHero, Archdesk, Dealroom, Plum Guide, and ASTERRA, among others.

2. Detroit Venture Partners

Operational only in Detroit, Detroit Venture Partners is a well-known venture capital firm with 62 investments so far. This venture capital firm offers Seed and Series A funding to selected companies in the technology sector.

Detroit Venture Partners also offers operational insights and mentorship to its portfolio companies so that they can grow and scale into sustainable businesses. Unfortunately, this venture capital firm does not disclose the exact investment amount anywhere on its website.

Among the 62 companies that the firm has invested in so far, some are, Air Space Link, Hush, StockX, Trustpage, Ethos, GuardHat, May Mobility, Floyd, and Homie, among others.

3. Fontinalis Partners

Fontinalis Partners is yet another popular and big venture capital firm that is operating in Detroit. The firm also has a physical presence in Boston. This venture capital firm offers Seed to Series A+ funding to selected companies in the Mobility sector and its horizontal technology segments, which are essentially ‘enabling’ technologies.

So far, Fontinalis Partners has invested in 45 companies, and the firm usually writes a check of anywhere between $250k and $5M depending on the stage and financial needs of the company.

Some of the portfolio companies of Fontinalis Partners are CelLink, FreightWaves, Halo Industries, Highland, Lyft, Zendrive, nuTonomy, and ParkMobile, among others.

4. ID Ventures

Another popular Detroit-based venture capital firm is ID Ventures. This venture capital firm offers early stage (Seed and Series A) funding to companies that are operating in the Mobility, Life Science, Healthcare IT, Fintech & Insurance, Consumer Products, B2B & B2C Software, AdTech, and Advanced Materials & Manufacturing sectors.

Apart from funds, ID Ventures also helps portfolio companies in developing their advisors and board members. This firm does not disclose the exact investment amount anywhere on its website.

So far, ID Ventures has invested in 200+ companies, some of which are Ecovia Renewables, Reaction Technologies, Fresh Car, Freight Roll, Onboard, Frizzmo, Breathscape, Banza, Nickels, and Hush, among others.

5. Ludlow Ventures

Detroit-based Ludlow ventures is a popular Seed-stage venture capital firm that offers to fund companies that are operational in the tech-enabled sectors across various industries.

This venture capital is known to invest in companies even in the idea stage, or when other venture firms think that it is too early to invest. Unfortunately, Ludlow Ventures does not disclose the exact investment amount anywhere on its website.

So far, Ludlow Ventures has invested in 105 companies, some of which are Honey, Flex, Tally, Product Hunt, Boulevard, Lob, Lev, Catalyst, Signal Advisors, AngelList, and May Mobility, among others.

6. The Accent Group

The Accent Group is yet another venture capital firm operation in Detroit. This venture capital firm offers Seed and Series A investments to companies that are operating in the B2B Technology field.

However, this venture capital firm has a very stringent set of criteria for investment. The companies applying for investment must have a revenue of $3M to $30M and they must have an established customer base plus, a recurring revenue stream. There are several other requirements, too.

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