Detroit Venture Partners
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StockX raises $6M to grow its marketplace for limited-edition products
StockX, a marketplace for sneakers, has announced that they’ve closed a $6M round from a group of high-profile investors like Mark Wahlberg, Scooter Braun, and Wale. They join existing investors like Eminem, SV Angel and Detroit Venture Partners. The sneaker reseller space couldn’t be hotter right now. GOAT, one of the largest app-based sneaker marketplaces has raised more than… Read More
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After Years, Michigan’s Attempts To Build A Startup Ecosystem Bear Fruit
Five years ago, Michigan had seven early-stage companies raise money from venture capital investors in the first quarter. This year that number climbed to 31. The story behind this growth was more than a decade in the making, as state and local leaders crafted a policy to make early-stage investments more robust and lay the foundation for a startup ecosystem that is finally coming to fruition. Read More
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From The Valley To The Motor City: Why Stik Moved Back To Detroit
The founders of Stik needed a change. Silicon Valley wasn’t working. Something was missing. And, as I learned during our chats, they needed access to a new pool of talent. They found all that in Detroit. Stik launched two years ago from the Bay Area. As Leena wrote at their launch, Stik attempts to create a recommended list of service professionals online through a user’s social graph. Read More
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UpTo: An iPhone App That Unlocks Your Calendar’s Social Potential (In The Right Way)
Back in December, Robin wrote about a Detroit app development startup called Rock City Apps, which had just raised a seed round of funding for its stealth iPhone app, UpTo. At the time, Rock City Co-founder and CEO Greg Schwartz (also the former CEO/co-founder of Mobatech and a director of business development at Warner Music) said that the “platform focused on the future tense that… Read More
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UpTo Lands Seed Funding To Go “Beyond Status Updates And Check-ins”
A new, relatively stealth startup called Rock City Apps is gearing up for the launch of a mobile application called UpTo, and has raised an undisclosed amount in seed funding from Detroit Venture Partners and Ludlow Ventures to finance the development of the product. The company, which is based in Detroit, Michigan, plans to launch its first iPhone app ‘soon’ and lets you indicate… Read More
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Earvin ‘Magic’ Johnson Joins Detroit VC Firm To Invest In Tech Startups
NBA legend Earvin ‘Magic’ Johnson this morning announced that he is joining and investing in Detroit Venture Partners, a VC firm that invests in seed and early-stage technology companies primarily located in the heart of downtown Detroit, as its fourth general partner. The Hall of Fame basketball star will be working with the founders of the firm, namely Quicken Loans founder… Read More
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