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Fusion Coolant Raises $8M In A Series C Financing Round Led By Material Impact

by vcaonline.com posted 8months ago 38 views
The University of Michigan spinout is undergoing aggressive business expansion to accommodate substantial customer orders and sales growth. CANTON, Mich., October 4, 2018-- Fusion Coolant Systems, today announced that is has raised $8 million Series C financing led by Material Impact, a Boston-based venture capital firm and Michigan Capital Advisors, a Michigan private equity firm. The round was also strongly supported by existing investors including MINTS- Michigan Investment in New Technology Startups, Amherst Fund and Invest Michigan. The capital will be used to grow the company’s staff, operations, equipment and personnel.

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