News Highlights: Detroit’s Ludlow Ventures goes for fund four – TechCrunch
Venture capital funds have sprung up everywhere in recent years. But ten years ago it was much more difficult to build a new corporate brand, far from a tech hub like Silicon Valley, New York or Boston.
One company that has performed is Ludlow Ventures, an 11-year-old Detroit-based seed stage venture firm in the process of closing its fourth fund with $ 65 million in capital commitments, according to SEC paperwork filed this week .
We contacted founder Jonathon Triest, who declined to comment, citing SEC regulations.
Triest began building Ludlow in his twenties at the University of Michigan who worked as a strategic marketing consultant for Sony-BMG in Atlanta before returning home with his wife to be closer to the family. Initially working with his lawyer father, he began investing in startups on a deal-by-deal basis, using his Detroit base to his advantage by showing through investors and founders that he could grow and utilize a network.
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