Our Funds

Our funding is largely supported from philanthropic and state resources and is used to support Michigan startups seeking investment in the Pre-seed to Series A rounds. Our team will help determine which fund is right for your company.

First Capital Fund Icon

First Capital Fund

About the Fund

The First Capital Fund (FCF) provides an initial investment that is typically up to $150K with follow-on opportunities. The fund is milestone-driven and focused on helping companies achieve additional funding from angel or venture investors within 12 months.

Who it's for

FCF is for new technology companies at the earliest stages of commercialization in Michigan seeking pre-seed and seed stage investment.

Funded by

Generous support of the First Capital Fund is provided by

Detroit Innovate Fund Icon

Detroit Innovate Fund

About the Fund

The Detroit Innovate Fund (DI) provides initial investments ranging from $100,000-$250,000 with follow-on capital available. We focus on assisting in the commercialization efforts of new technologies and scaling company sales.

Who it's for

DI’s focus is on Michigan companies that have secured initial market traction and seeking Series Seed and Series A investment.

Funded by

In addition to individual investors, the Detroit Innovate Fund is supported by

First Step Fund Icon

First Step Fund

About the Fund

The First Step Fund (FSF) is an industry-agnostic fund that deploys up to $50,000 in initial investments with follow-on capacity of $100,000 for qualifying companies. We partner with institutional funds and angel investors for investment rounds sized between $150,000 and $500,000.

Who it's for

At this time, FSF is reserved for follow-on funding to our existing portfolio.

Funded by

Generous support of the First Step Fund was provided by

The Catalyst Fund

The Catalyst Fund (CF)

About the Fund

The Catalyst Fund (CF) supports promising post-idea to early-MVP (minimal viable product) stage startups to fill the friends and family financing gap for underrepresented founders. Investment is $10-25k, and CF participants are matched with a member of the ID Ventures team for a 3-6 month execution sprint. After the sprint, companies are evaluated, and market opportunity reassessed to help with the plan to move forward. Learn more.

Who it's for

CF is for Black, Latinx, Native American, and immigrant founders of new Michigan-based technology companies in the post-idea to early-MVP stage.

Funded by

Generous support of the Capital Fund is provided by