Detroit Venture Partners

Detroit Venture Partners (DVP) is a prominent early-stage venture capital firm based in Detroit, Michigan, dedicated to fostering the growth of technology companies. Founded in 2010 by a group of influential entrepreneurs including Josh Linkner, Dan Gilbert (founder of Quicken Loans/Rocket Mortgage), and Brian Hermelin, DVP's core mission extends beyond financial returns to actively contribute to the revitalization of Detroit's urban core through technological innovation. The firm primarily targets seed and early-stage startups, aiming to identify and nurture high-potential ventures that can drive economic development and job creation in the region.

DVP employs a hands-on approach, providing not only capital but also strategic guidance, operational support, and access to a robust network of mentors and resources. Their investment thesis centers on disruptive technology companies across various sectors, including software, fintech, e-commerce, and digital media. While their primary geographic focus remains Detroit and the broader Midwest, they are open to compelling opportunities elsewhere that align with their investment criteria. The firm seeks companies with strong management teams, scalable business models, and significant market potential.

Over the years, Detroit Venture Partners has successfully raised multiple funds, demonstrating continued commitment and confidence from its limited partners. Their most recent fund, Fund V, closed in 2022 with $100 million in capital, underscoring their capacity to support a growing portfolio of innovative companies. Historically, DVP has deployed capital into dozens of startups, playing a crucial role in establishing Detroit as a burgeoning tech hub. For instance, their Fund IV, closed in 2019 at $90 million, enabled them to continue their investment pace, typically deploying initial checks ranging from $500,000 to $2 million into promising ventures. This strategic capital injection, coupled with their active involvement, has helped numerous portfolio companies achieve significant milestones, including follow-on funding rounds and successful exits, further solidifying Detroit's position in the national tech landscape.