MI’s Augment Ventures Announces First Investment

Augment Ventures, a new early-stage venture capital fund in Ann Arbor, MI, today announced it has closed its first round of funding and made its first investment in Aperia Technologies, a cleantech company developing an automatic tire inflation device for trucks.

“Augment, which has an overall fund goal of $20 million, will invest in transformational cleantech and IT companies with high caliber and passionate teams,” said Sonali Vijayavargiya, Augment Ventures’ founder and managing director.

Augment will be working closely with the San Francisco-based Aperia Technologies to recruit local fleet operators in Michigan to participate in their nationwide on-road testing program.

Author: Sarah Schmid Stevenson

Sarah is a former Xconomy editor. Prior to joining Xconomy in 2011, she did communications work for the Michigan Economic Development Corporation and the Michigan House of Representatives. She has also worked as a reporter and copy editor at the Missoula Independent and the Lansing State Journal. She holds a bachelor's degree in Journalism and Native American Studies from the University of Montana and proudly calls Detroit "the most fascinating city I've ever lived in."