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



  • Seed



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



    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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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
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      Clean Emission Fluids
        web link

        web link

      Current Motor
        web link

      FarmLogs/ AgriSight, Inc.
        web link

        web link

      Jimmy Kicks
        web link

      Larky Lands
        web link

      Launch Learning
        web link

        web link

      Myine Electronics
        web link

        web link

        web link

      Varsity News Network
        web link


    Recent News:

      There is no recent news for First Step Fund.