ID Ventures 2018 Year In Reveiw

Supporting Companies Statewide from Midtown Detroit

As one of the few venture funds located in Detroit, we are one of the most active early stage investors in the state, managing over 100 companies across multiple sectors such as life sciences and healthcare, information technology, fintech, mobility, advanced manufacturing and materials, among others. We support Michigan-based startups at a variety of stages to prepare them for growth and additional investment.

 

Please take a look at our 2018 results!

$2,149,759
Capital Deployed
$22,306,976
Dollars Leveraged
2
Total Exits
24
Number of Investments
63%
Investments in Diverse Founders
75+
Jobs Created by Investments

2018 VENTURES FUNDED

86 Repairs
A tech-enabled subscription service for restaurants that saves time and money by managing equipment repair service requests and preventative maintenance.
Grand Rapids

Arbor Metrix
Improving the effectiveness of vegetation management through safe, efficient planning, scheduling and reporting services.
Ann Arbor

Alerje
Developing an Internet of Medical Treatment device specifically for the 15M Americans that endure food allergies.
Detroit

Bloomscape
A direct-to-consumer houseplant delivery service providing a convenient mode of houseplant shipping for the 5M Americans new to gardening.
Grand Rapids

Greenmark Biomedical
A biomaterial manufacturing company that produces a dental mouth product, LumiCare, a rinse or a gel that can identify active dental lesions, the precursor to cavities.
East Lansing

Celsee, Inc.,
Breaking through the traditional barriers of single-cell analysis and delivering novel technology designed to support the life sciences revolution and its translation into routine clinical use.
Ann Arbor

Changedynamix
Creating next-generation threat detection & response across infrastructure, networks, application, and the cloud.
Royal Oak

Elevada
Providing a collaboration environment where business users can share and apply their data knowledge into clean, usable data sets.
Detroit

EVOQ Therapeutics
Cancer immunotherapy company developing a breakthrough cancer vaccine technology to help patients defeat cancer.
Ann Arbor

Genomenon
Empowering personalized medicine by simplifying genome interpretation.
Ann Arbor

HT Mobile Apps
Providing banks with smart savings tools.
Ann Arbor

Inductive Intelligence
A B2B technology company focused on the commercialization of portable inductive heating units with single-serve, heatable consumables that utilize smart packaging.
Grand Rapids

The Lip Bar
An affordable, all-natural, vegan and cruelty-free beauty brand for the 22M Women of Color (WoC) in America.
Detroit

Mi Padrino
Enables easy event planning for the Hispanic community.
Jackson

Orbion
A space technology company focused on commercializing Hall-effect plasma thrusters for small satellites.
Houghton

Parabricks
A SaaS product that speeds up next-generation sequencing (NGS) of whole genomes by making the secondary analysis process 48x faster and, thus cheaper, by saving on computing and cloud storage costs for companies and research organizations.
Ann Arbor

PawnGuru
Building an easy to use online platform that allows current and new pawnshop customers easy access to America’s leading local pawnshops, and pawnshops easy access to an entirely new customer base.
Southfield

PreDxion Bio
Providing ICU doctors with actionable patient immune function data.
Ann Arbor

PRIVA
A mobility company providing an alternative to short, regional commuter flights of <300 miles through door-to-door van service offering connected mobile offices for business professionals.
Detroit

Ripple
A web-based software for CROs, Principal Investigators and Project Coordinators.
Ann Arbor

Shoptelligence
Selling a B2B SaaS platform that uses AI to help physical and online retailers increase AOV.
Ann Arbor

SightLine
Selling a B2B SaaS product to universities that identifies at-risk students through advanced predictive analytics techniques to improve student retention rates.
Houghton

Spellbound
A therapeutic tool that uses AR technology to help children cope with medical treatment.
Ann Arbor

Workit Health
An online addiction treatment and therapy platform.
Ann Arbor

VNN
Bringing administrators, athletes, parents, fans, and brands together around high school sports.
Grand Rapids

PORTFOLIO & ID VENTURES HIGHLIGHTS IN THE NEWS

86 Repairs
The Food Foundry Accelerator (by Relish Works, Gordon Food Service, and 1871) Announces 5 Companies Joining Inaugural Cohort

Alerje
Alerje Founder Thinks There’s a Smarter Way to Carry Allergy Medicine

Bloomscape
The Hottest New Startups are Selling House Plants

Genomenon
Genonemon Completes 2.5M Financing Round
Genomenon and Diploid Sign Partnership Agreement to Accelerate Rare Disease Diagnostics

ID Ventures
With The Help Of Loyal Talent And New Programs, Detroit’s Startup Scene Accelerates
Returns on Investment

Lip Bar
Target Expands Its Shade Range in Cosmetics With Eight New Beauty Brands

Mi Padrino
Hispanic Event Platform Announces Strategic Investments in Seed Round

Workit Health
Workit Health Announces Series A Investment Round

Accelerate Michigan Innovation Competition

On November 13th we led our 9th annual Accelerate Michigan Innovation Competition which attracted 400 attendees to the newly iconic Lexus Velodrome. After receiving over 300 applicants and selecting 24 semi-finalists, ten companies were collectively awarded nearly $1 million in cash and investment thanks to generous sponsors, including Ann Arbor SPARK, William Davidson Foundation, New Economy Initiative, Ralph C. Wilson, Jr. Foundation, Invest Michigan, Belle Impact Fund and more.  Huge congratulations to the awardees of this year’s competition – Derq, GreenMark Biomedical Inc., MyNurse, S3D Precision Dispensing, Shoptelligence, Spellbound and Vertecore.

For a full list of sponsors and more about the event’s impact, read our

2018 Sponsorship Report.

$900K+
In Takeaway Prizes
6
Startups to Win Cash Prizes
400
Event Attendees
100+
Industry Professionals in Participation
67%
Minority Semi-Finalist Representation
27
Sponsors

Hacker Fellows

Moving into its fourth year, Hacker Fellows continued to serve as a go-to source for software developers looking to work for Michigan startups. With the continued support from the Michigan Economic Development Corp. and Community Foundation for Southeast Michigan, our fellows and interns boosted their careers with companies actively raising capital, growing their teams, and within industries ranging from Ed-Tech, IoT, Mobility and Medical Device. 2018 brought us positive feedback to the overall strength of the community of developers and companies we work with, talent/recruiting pipelines and 100% job placement.

600+
Student Applications
15
Full-Time Fellows
10
Summer Interns
18
Hiring Companies
100%
Job Placement
68%
Diverse Fellows & Interns