Detroit Ventures Partners, a venture capital firm that invests in seed and early-stage technology companies, helped recruit Uber to downtown Detroit and brokered the company's lease in Rock Ventures' M@dison Building. The decision to expand their business to downtown Detroit was made just hours after Uber executives saw the opportunity emerging in the nation's fastest-growing urban core.
"It is exciting that an innovative technology platform like Uber is coming downtown to join a growing, young and energetic environment – and that they made the decision so quickly and without hesitation," said Detroit Ventures Partners' Managing Partner Josh Linkner. "The M@dison will provide them with an open, collaborative space where they will be able to continue to create a thriving, growing tech business."
Uber Technologies, Inc., is a venture-funded technology company based in San Francisco. The Uber mobile platform connects passengers with drivers of luxury vehicles for hire, delivering the elite transportation experience in an on-demand service. The company was founded by Travis Kalanick and Garrett Camp in 2009, was rated Fast Company's "2013 Most Innovative Company in Mobile," and has rapidly expanded to more than 29 cities internationally today. For more on Uber, visit www.uber.com.About the M@dison Building M@dison is an entrepreneurial tech hub located at 1555 Broadway Street in downtown Detroit. Originally designed by architect C. Howard Crane and constructed in 1917 as part of the Madison Theater complex, the historical Madison Theatre Building is now a creative center designed to encourage partnership among local entrepreneurs and their budding projects and companies. The building was purchased in January 2011 by Rock Ventures and has since been renovated and transformed into an open, colorful and collaborative space. The building is 100 percent occupied by 34 companies such as Detroit Venture Partners, Skidmore Studio, Detroit Labs, Doodle Home and Twitter, which are committed to making Woodward Avenue a technology and web centered corridor. SOURCE Uber Technologies Inc.