Fusion Coolant Systems, a University of Michigan tech transfer start-up company, raised $600k in Series A venture capital funding.
The round was led by The Frankel Fund, a University of Michigan student-led venture capital fund, with participation from The Amherst Fund, Automation Alley, Detroit Enterprise Fund, First Step Fund and The Michigan Pre-seed Fund.
The company intends to use the funding to build out sales, marketing, and product development.
Based in Detroit and led by Tom Gross, CEO, Fusion Coolant Systems provides an advanced patented Carbon Dioxide (CO2) dry coolant and lubrication system called CHiP Lube for use in manufacturing, specifically for the machining and forming of metal or plastic parts.
FinSMEs
16/01/2013