Fontinalis Partners Closes $104M Fund III

venture capital

Fontinalis Partners, a mobility-focused venture firm with offices in Detroit and Boston, closed a $104m third fund.

Fontinalis III brings the firm’s total committed capital to approximately $270m, and the fund is comprised of more than 30 limited partners spanning institutional investors, individuals & family offices, and corporate investors with strategic relevance to mobility. In this new fund, the team is primarily focused on investing in early-stage companies, from seed to Series B financings. Fontinalis will continue investing in startups directly impacting the movement of people and goods, as well as “enabling technologies” with outsized impacts in the mobility sector.

Founded in 2009 by an experienced team of operators and investors with a thesis that continued advances in technology would usher in immense improvements in the way people and goods move, Fontinalis Partners Fontinalis has been active in a wide range of mobility themes, including electric vehicles, supply chain & logistics, additive manufacturing, artificial intelligence, and enterprise SaaS.

Led by Chris Cheever, Founder & Partner, and Bill Ford, Ralph Booth, Laura Petterle, Chris Cheever, and Chris Stallman, the firm has made more than 50 investments and has achieved approximately 20 exits spanning IPOs, SPAC mergers, and strategic M&A transactions. Examples of notable investments from the firm’s prior two funds include Life360 (IPO), Telogis (acquired by Verizon), Ouster (SPAC merger), Postmates (acquired by Uber), nuTonomy (acquired by Aptiv), Lyft (IPO), and many others.