ED  First Step Fund

http://investdetroit.com/managed-funds/first- step-fund/





     Office Locations:

600 Renaissance Center, Suite 1710
Detroit, MI 48243-1802
Phone: 313-259-6368
Fax: 313-259-6393

 

Stages:

  • Seed


 

Industries:

  • Consumer Products & Services
  • Information Technology
  • Manufacturing & Industrial
  • Software & Internet
  • Transportation & Distribution

  •  

    Description:

    Managed by Detroit Innovate, The First Step Fund is a pre-seed investment fund serving emerging and newly-formed high growth businesses in Southeast Michigan. Investment size ranges from $15,000 to $150,000 initial investments with considered follow-on investments of up to a maximum of $150,000 for qualifying companies. The Fund sometimes partners with other investors for investment rounds that are typically sized between $150,000 and $500,000. The funds target area includes Southeastern Michigan with a special preference in the City of Detroit. The First Step Fund is industry agnostic and focuses on high growth, emerging businesses that can demonstrate the ability to scale. The Fund has a desire to be inclusive to businesses led by women, immigrants, and minorities.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Adrian Fortino Vice President
    Adrian Ohmer Principal
    David Blaszkeiwicz President
    Derek Edwards Vice President
    Edward J. Miller Vice Chairman

     

    Portfolio companies include:


      Air Movement Systems
        web link


      Algal Scientific
        web link


      Bandals
        web link


      Clean Emission Fluids
        web link


      Coliant
        web link


      Current Motor
        web link


      FarmLogs/ AgriSight, Inc.
        web link


      InfoReady
        web link


      Jimmy Kicks
        web link


      Larky Lands
        web link


      Launch Learning
        web link


      Livio
        web link


      Myine Electronics
        web link


      NextCAT
        web link


      Stik.com
        web link


      Varsity News Network
        web link


     

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