ANN ARBOR – A new report shows there are 37 venture-backed startups in Detroit’s growing startup community, a 54 percent increase in the last five years. These findings come from EntryPoint, an organization that uses a data-driven approach to advance entrepreneurship, today announced the release of the 2019 Detroit Entrepreneurial Ecosystem Report. “EntryPoint has diligently surveyed
DETROIT - A new report finds the referral network for job seekers living in poverty and facing multiple barriers to employment in the City of Detroit extends beyond traditional workforce development activities. Nearly 260 workforce and related service providers were identified as part of the referral network and approximately half provide some combination of temporary
DETROIT—Bloomscape, a direct-to-consumer plant company based in downtown Detroit, announced $7.5 million in Series A funding. Washington, D.C.-based Revolution Ventures led the round with participation from New York City-based Endeavor Global Inc., along with existing investors, and consumer brand founders including Allbirds co-founder Joey Zwillinger, Away co-founder Jen Rubio, Eventbrite co-founder Kevin Hartz, Harry’s co-founder
DETROIT - Pitch Club Michigan is excited to announce a special Mobility themed event, happening August 14th during the Woodward Dream Cruise week. Deadline for startups to apply is Sunday July 28. IGNITE MOBILITY PITCH CLUB is a showcase recognizing the top startups working on emerging and innovative mobility technologies in autonomous, multi-transit, and electric vehicle
DETROIT - The $100,000 Hatch Detroit competition is hosting a workshop tonight starting at 6 pm at Bamboo Detroit, where interested applicants can learn more about the contest, receive feedback on their application, and spend some one-on-one time with business experts to get critical advice on starting a business in the Motor City. Details are
DETROIT – Applications are will now be accepted to compete in the $1 million Accelerate Michigan Innovation Competition, a program of Invest Detroit’s ID Ventures. The 10th annual pitch competition on November 13 will be held at Detroit’s recently renovated State Savings Bank. Semi-finalists will pitch their ideas to seasoned judges. “We are thrilled to reach such
ROYAL OAK—Airfoil Group announced nine new clients for project and retainer work: AthenasOwl, GTA, The Mars Agency, Memorial Healthcare, Peloton, Quantiphi, Transient Plasma Systems, University Liggett School and Zero Mass Water. “Each of these clients has a unique story to tell, and we look forward to helping them compete and succeed in their respective industries,”
DETROIT—The Detroit startup “stock market of things” StockX announced the largest venture capital raise in Michigan history, a $110 million Series C financing round that values the company at more than $1 billion. Participating in the investing round were Hong Kong-based DST Global, New York City-based General Atlantic, and Menlo Park, Calif.-based GGV Capital. The company also
ROYAL OAK - ToDoolie, a marketplace to hire local students to help with simple and outdoor tasks, has become a portfolio company for Invest Detroit Ventures. IDV Manager Tember Shea interviews Sergio Rodriguez, Co-Founder & CEO, to dig into the business plan. https://soundcloud.com/mike-brennan-841872555/e175-tember-shea-invest-detroit-ventures
DIMONDALE - The San Diego real estate firm Innovative Industrial Properties Inc, which focuses on the regulated cannabis industry, announced that it entered into an amendment of the lease with Green Peak Industries LLC in Dimondale, making available an additional $18 million in funding for expansion of its cannabis cultivation and processing at the property.
