Let’s catch up on news from around Michigan’s innovation clusters: —The Midwest Growth Capital Symposium, held just outside of Ann Arbor on May 14-15, is in search of companies in the life sciences and tech sectors to pitch investors. The 36 selected companies will each have 10 minutes to present to an audience of potential … Continue reading “Roundup: Personnel Moves, MedHealth Summit, Genomenon, TechTown, More”
Tag: Fusion Coolant Systems
Fusion Coolant Systems Snags $8M Series C, Plans to “Hit Go Button”
Fusion Coolant Systems, the Canton, MI-based industrial tech startup spun out of the University of Michigan, has raised an $8 million Series C funding round. The investment was led by Material Impact, a Boston venture capital firm, and Michigan Capital Advisors, with participation from existing investors, including U-M’s Michigan Investment in New Technology Startups (MINTS), … Continue reading “Fusion Coolant Systems Snags $8M Series C, Plans to “Hit Go Button””
U-M Spinout Fusion Coolant Systems Scores $1.25M Series B
Fusion Coolant Systems, the University of Michigan cleantech spinout with offices in Canton, MI, and Ireland, announced this week that it has raised $1.25 million in a Series B round. Investors participating in the round include U-M’s Michigan Investment in New Technology Startups (MINTS) fund and Ann Arbor’s Amherst Fund. Fusion Coolant’s technology is an … Continue reading “U-M Spinout Fusion Coolant Systems Scores $1.25M Series B”
Fusion Coolant Systems Receives $1,250,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9106752-64f4-4843-836e-fa5cb4754836 Date 8/25/2016 Company Name Fusion Coolant Systems Mailing Address 1360 Oakman Blvd. Detroit, MI 48238 USA Company Description Changing manufacturing standards with a supercritical solution that delivers unprecedented productivity and tool life gains while eliminating water-based coolants and coolant alternatives. Welcome to the (r)evolution. Website http://www.fusioncoolant.com Transaction Type Venture Equity Transaction … Continue reading “Fusion Coolant Systems Receives $1,250,000 Series B Funding Round”
Invest Michigan Awards $375K to Four Tech Startups
Invest Michigan announced this week that it has invested $375,000 in four early-stage tech startups through the Michigan Pre-Seed Fund 2.0. Invest Michigan is funded by the Michigan Strategic Fund and has $5.8 million earmarked for investment in high-tech startups with an additional $1 million dedicated to help universities transfer technology to the marketplace. “These … Continue reading “Invest Michigan Awards $375K to Four Tech Startups”
Venture Funding in Detroit Down in Q1, Still Higher Than 2011
According to MoneyTree data released today, first-quarter venture funding in southeast Michigan was down compared to the first quarter of 2012, though the deal count rose by one. Compared to last year, funding in Q1 2013 was down by almost two-thirds, with venture capitalists investing $17.6 million in 13 deals. However, 2012 was a record-high … Continue reading “Venture Funding in Detroit Down in Q1, Still Higher Than 2011”
Fusion Coolant Systems Receives New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6daccc9d-852c-45e1-9941-75de01db7e55&Preview=1 Date 1/24/2013 Company Name Fusion Coolant Systems Mailing Address 215 West Michigan Ave Ypsilanti, MI 48197 Company Description Fusion Coolant Systems provides an advanced coolant and lubrication system for use in manufacturing which increases production rates and tool life. Today’s metalworking fluids are a toxic mix of oil, water and various … Continue reading “Fusion Coolant Systems Receives New Financing”
U-M’s Frankel Fund Has First Exit, Leads Fusion Coolant’s Series A
University of Michigan’s student-led Frankel Commercialization Fund, in collaboration with the Zell Lurie Institute for Entrepreneurial Studies, announced this week that Arbor Photonics, one of the fund’s portfolio companies, has been acquired by nLIGHT, an industry leader in semiconductor lasers. The terms of the acquisition were not disclosed. “We’re really pleased for such an early-stage fund … Continue reading “U-M’s Frankel Fund Has First Exit, Leads Fusion Coolant’s Series A”
Fusion Coolant Systems Garners $600,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2730a723-6544-4bdd-a019-8d939c0bdd8a&Preview=1 Date 1/17/2013 Company Name Fusion Coolant Systems Mailing Address 215 West Michigan Ave Ypsilanti, MI 48197 Company Description Fusion Coolant Systems provides an advanced coolant and lubrication system for use in manufacturing which increases production rates and tool life. Today’s metalworking fluids are a toxic mix of oil, water and various … Continue reading “Fusion Coolant Systems Garners $600,000 Series A Funding”
Fusion Coolant Systems Grows, Opens Detroit Tech Center
The University of Michigan has a good reputation for spinning out technology developed and pioneered at the university into successful startups, and cleantech startup Fusion Coolant Systems is no exception. The company, which was based in Ann Arbor before opening a tech center on the west side of Detroit, was launched in 2010 to commercialize an … Continue reading “Fusion Coolant Systems Grows, Opens Detroit Tech Center”
DeNovo Sciences Wins Accelerate Michigan’s $500K Grand Prize
Fifty-three companies and 42 angel and investment groups participated in this year’s Accelerate Michigan business plan competition, which just wrapped up Thursday evening with the announcement of contest winners. At stake, according to event organizers, was more than $1 million in cash and prizes. Participants competed for prizes ranging from $10,000 to $500,000 over three … Continue reading “DeNovo Sciences Wins Accelerate Michigan’s $500K Grand Prize”
FamilyMint, Fusion Coolant Systems, Shepherd Intelligent Systems Awarded Michigan Microloans
Three Michigan companies have received a combined total of $145,000 through the Michigan Microloan Fund Program, managed by the Ann Arbor Spark business incubator, bringing the total amount invested through the fund to more than $1.8 million since it was launched in July 2009. Microloans available through the fund range from $10,000 to $50,000 and … Continue reading “FamilyMint, Fusion Coolant Systems, Shepherd Intelligent Systems Awarded Michigan Microloans”
Fusion Coolant Systems Cracks Big Problems in Manufacturing, Now Needs Customers
Manufacturers have made strides in rolling eco-friendly products like electric vehicles off their assembly lines, yet it might be a bigger challenge to entice industry to clean up its production methods. Ann Arbor, MI-based startup Fusion Coolant Systems is taking on this challenge with its brand new metalworking fluid technology. Steven Skerlos, a co-inventor of … Continue reading “Fusion Coolant Systems Cracks Big Problems in Manufacturing, Now Needs Customers”