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§ Private Profile · Seoul, Seoul-t'ukpyolsi, South Korea
Venture capital fund investing in seed-stage, Michigan high-tech startups, focusing on inclusive growth and under-networked founders.
ID Ventures is the venture capital arm of the nonprofit Invest Detroit, investing in seed-stage, Michigan-based high-tech startups with a focus on inclusive entrepreneurial growth from its headquarters in Detroit, Michigan. Operating as a nonprofit-backed venture fund, the firm provides investment capital, mentorship, and ecosystem programs, specifically targeting under-networked founders including women, minorities, and immigrants across sectors like life sciences, IT, fintech, and advanced manufacturing. As one of Michigan's most active early-stage investors, ID Ventures has backed over 120 companies and currently manages active capital in 64 early-stage startups. Key leadership includes Managing Directors Patti Glaza, Lee Rawlingsre, and Martin Dober, alongside Principal Jeff Ponders and Director Prem Bodagalas. The organization was founded in 2009 by its parent nonprofit, Invest Detroit.
ID Ventures has raised $5.5M across 1 funding round.
ID Ventures has raised $5.5M in total across 1 funding round.
ID Ventures has raised $5.5M across 1 funding round. Most recently, it raised $5.5M Series A in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 4, 2022 | $5.5M Series A | Daesung Private Equity, Harang Invest, ID Ventures, Industrial Bank OF Korea | — | Announced |
ID Ventures has raised $5.5M in total across 1 funding round.
ID Ventures's investors include Daesung Private Equity, Harang Invest, ID Ventures, Industrial Bank of Korea.