Fontinalis Partners
Fontinalis Partners, LLC is a private equity and venture capital firm founded in 2009 and headquartered in Detroit, Michigan, with an additional office in Boston, Massachusetts. The firm specializes in investments across a wide range of stages, from seed to pre-IPO, with a particular focus on next-generation mobility and technology companies. Fontinalis targets sectors including transportation, software and services, and communications equipment, emphasizing areas such as connected vehicles, data analytics, intelligent infrastructure, and mobility transactions. The firm seeks to invest throughout the entire mobility ecosystem, covering various modes of transportation including road, rail, air, and maritime. Fontinalis typically invests between $3 million to $10 million in early-stage companies, with an average investment of $5 million to $8 million over the life of a company. It aims to contribute not only capital but also strategic guidance by often taking board seats in the companies it supports.
Karamba Security
Series B in 2021
Karamba Security Ltd. specializes in developing cybersecurity software tailored for connected vehicles and other IoT systems. Founded in 2015 and based in Bloomfield Hills, Michigan, the company focuses on securing the electronic control units (ECUs) within vehicles, offering solutions that detect and prevent cyberattacks. Its technology safeguards the critical components of a vehicle, including telematics, infotainment, and on-board diagnostics, ensuring that only valid code operates on the controllers and protecting against unauthorized access to the Controller Area Network (CAN Bus). Karamba's patented solutions are designed to be embedded within devices, operating autonomously with minimal performance impact. The company serves automotive manufacturers and Tier-1 system providers, helping them comply with global cybersecurity regulations while maintaining efficient R&D and production processes.
FreshCar
Funding Round in 2017
FreshCar operates a platform that offers car subscription services, enabling customers to access vehicles on a monthly basis without the traditional burdens of ownership such as down payments, insurance, or maintenance costs. The company specializes in advanced software solutions designed for vehicle subscriptions, which it provides to auto retailers, original equipment manufacturers (OEMs), and fleet operators. This software allows auto dealerships to launch and manage their own car subscription offerings effectively. In addition to its software services, FreshCar also offers strategic consulting on subscription models to automotive companies. Founded in 2016 and based in Ann Arbor, Michigan, FreshCar was previously known as Carma Car Inc. before rebranding in April 2018.
Karamba Security
Series B in 2017
Karamba Security Ltd. specializes in developing cybersecurity software tailored for connected vehicles and other IoT systems. Founded in 2015 and based in Bloomfield Hills, Michigan, the company focuses on securing the electronic control units (ECUs) within vehicles, offering solutions that detect and prevent cyberattacks. Its technology safeguards the critical components of a vehicle, including telematics, infotainment, and on-board diagnostics, ensuring that only valid code operates on the controllers and protecting against unauthorized access to the Controller Area Network (CAN Bus). Karamba's patented solutions are designed to be embedded within devices, operating autonomously with minimal performance impact. The company serves automotive manufacturers and Tier-1 system providers, helping them comply with global cybersecurity regulations while maintaining efficient R&D and production processes.
Karamba Security
Series A in 2016
Karamba Security Ltd. specializes in developing cybersecurity software tailored for connected vehicles and other IoT systems. Founded in 2015 and based in Bloomfield Hills, Michigan, the company focuses on securing the electronic control units (ECUs) within vehicles, offering solutions that detect and prevent cyberattacks. Its technology safeguards the critical components of a vehicle, including telematics, infotainment, and on-board diagnostics, ensuring that only valid code operates on the controllers and protecting against unauthorized access to the Controller Area Network (CAN Bus). Karamba's patented solutions are designed to be embedded within devices, operating autonomously with minimal performance impact. The company serves automotive manufacturers and Tier-1 system providers, helping them comply with global cybersecurity regulations while maintaining efficient R&D and production processes.
Elegus Technologies
Convertible Note in 2015
In todays battery-centric world, lithium-ion dominates the marketplace with billions and billions of cells sold every year. However, as applications continue to demand more and more energy from their batteries, a way to safely increase energy density has so far proven to be difficult. At Elegus Technologies, we are commercializing a lithium-ion battery separator that allows battery manufacturers to increase their energy density without compromising safety. With technology stemming from multi-year, multi-million dollar research at the University of Michigan, they believe their separator is capable enough to solve the problems stemming from dendrite growth and thinness constraints. As the battery landscape continues to change, and next-generation materials continue their evolution, they believe their separator material will continue solving the problems facing multiple chemistries and applications. They at Elegus pride theirselves on the values of innovation and creativity that helped originally bring this product from the lab to commercial viability, and were excited to provide high-performance separators for the battery challenges of today and beyond.
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