Fusion Coolant Systems, a Canton, MI-based provider of patented supercritical carbon dioxide cooling and lubrication to metal cutting and forming applications, raised $1.25m in its first close of Series B funding.
The round was led by Mints, the direct venture program of the University of Michigan’s Investment Office, with participation from Amherst Fund LLC. Additional investors are expected to join the financing over the next six months.
The company will use the funds to grow the engineering and sales team.
Led by Steve Skerlos, Interim CEO, and Arthur F. Thurnau, Professor of Mechanical Engineering at the University of Michigan, Fusion Coolant Systems provides clean manufacturing technology that protects both worker health and the environment by using recycled CO2 in the form of supercritical carbon dioxide.
The company is a University of Michigan spinout.