DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Ludlow Management Group, LLC
Ludlow Management Group, LLC
Institutional venture firmOak Park, MIludlowventures.comSEC venture capital fund adviserfundraising evidence
Ludlow Ventures is an early-stage venture capital firm. Since 2010, one simple idea: people matter most.
venture manager, reported GAV $414M across 9 vehicles
Importance
30
moderate
Active deployment
60
high
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
21
moderate
Identity and regulatory footprint
- Headquarters
- Oak Park, MIadviserinfo.sec.gov
- Office address
- 26140 RAINE STREET, Oak Park, MI, 48237adviserinfo.sec.gov
- Business phone
- 734-637-0777adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 9 (9 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $446Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 734-637-0777adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- seed, early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
seed 100%
Stage at first entry
seed 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 0
Funds and vehicles
9 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Ludlow Ventures Detroit IV LP | Fund | 2023 adv first reported | Active deployment | $50.1M Mar 26, 2024 | 298 | $0 of $65.0M | Dec 5, 2023 |
| Ludlow Ventures Detroit III LP | Fund | 2021 adv first reported | Mature | $59.7M Mar 26, 2024 | 612 | $0 of $65.0M | Jan 5, 2021 |
| Ludlow Ventures Detroit II LP | Fund | 2019 adv first reported | Mature | $71.3M Mar 26, 2024 | 127 | $0 of $60.0M | Dec 20, 2018 |
| Ludlow Ventures Detroit Ii-A LP | Feeder or parallel | 2019 form d first sale | Mature | $34.4M Mar 26, 2024 | 1 | $15.0M of $15.0M | Apr 5, 2019 |
| Ludlow Ventures - Davidson Limited Partnership | Fund | 2019 adv first reported | Mature | $993,329 Mar 26, 2024 | 4 | unknown | unknown |
| Ludlow Ventures Detroit I LP | Fund | 2016 form d first sale | Harvest | $110M Mar 26, 2024 | 4 | $15.6M of $45.0M | Jan 24, 2017 |
| Ludlow Ventures Detroit I-A LP | Feeder or parallel | unknown | Unknown | $57.6M Mar 26, 2024 | 4 | $0 of $25.0M | Jan 26, 2016 |
| Ludlow Ventures - II Limited Partnership | Fund | unknown | Unknown | $30.0M Mar 26, 2024 | 30 | unknown | unknown |
| Ludlow Ventures Detroit V LP | Fund | unknown | Fundraising | unknown | unknown | $0 of $60.0M | Jan 27, 2026 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 0 departed
Brett Demarrais
Managing partnerManaging Member · since Dec 1, 2018
Jonathon Leigh Triest
Managing partnerManaging Partner · since Oct 1, 2012
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
10 dated events
- Dec 19, 2023Ludlow Ventures Detroit IV LP first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $37,222,222Fund first reported on Form ADVFundsFactLudlow Ventures Detroit IV LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Ludlow Ventures Detroit III LP first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $60,757,575Fund first reported on Form ADVFundsFactLudlow Ventures Detroit III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 24, 2019Ludlow Ventures Detroit II LP first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $31,868,687Fund first reported on Form ADVFundsFactLudlow Ventures Detroit II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 24, 2019Ludlow Ventures - Davidson Limited Partnership first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $899,204Fund first reported on Form ADVFundsFactLudlow Ventures - Davidson Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 24, 2019Ludlow Ventures Detroit Ii-A LP first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $15,000,000Fund first reported on Form ADVFundsFactLudlow Ventures Detroit Ii-A LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 1, 2018Brett Demarrais joined Schedule A of Ludlow Management Group, LLC as Managing Member
- Mar 25, 2016Ludlow Management Group, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2016Ludlow Ventures Detroit I-A LP first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $1,599,999Fund first reported on Form ADVFundsFactLudlow Ventures Detroit I-A LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2016Ludlow Ventures Detroit I LP first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $1,599,999Fund first reported on Form ADVFundsFactLudlow Ventures Detroit I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2016Ludlow Ventures - II Limited Partnership first reported on Form ADV by Ludlow Management Group, LLC (Venture Capital Fund), GAV $11,960,728Fund first reported on Form ADVFundsFactLudlow Ventures - II Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $414M across 9 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $414M across 8 vehicles
Evidence
43 observations from 3 sources