Fontinalis Partners
Fontinalis Partners, LLC, established in 2009, is a private equity and venture capital firm headquartered in Detroit, Michigan, with an additional office in Boston, Massachusetts. The firm is stage-agnostic, investing in technology companies across various stages, from seed to pre-IPO, with a focus on next-generation mobility, transportation, software and services, and communications equipment sectors. Within mobility, Fontinalis concentrates on areas such as connected vehicles, data and analytics, intelligent infrastructure solutions, location-based services, mobility transactions, new mobility models, and smart logistics. The firm also invests in consumer and enterprise technology, including SaaS, big data, mobile, and cloud-based solutions. Fontinalis typically invests between $3 million to $10 million, with an average investment of $5 million to $8 million over a company's lifecycle. The firm prefers to take a board seat and is not affiliated with Ford Motor Company.
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
Elegus Technologies, Inc. is a company focused on developing and commercializing advanced separator membranes made from nanoscale fibers for energy storage solutions. Based in Detroit, Michigan, and incorporated in 2014, the company addresses the increasing demand for higher energy densities in lithium-ion batteries, as well as in lithium-sulfur and lithium-air batteries. Elegus's innovative separator technology, which originated from extensive research at the University of Michigan, aims to enhance energy density while ensuring safety, effectively tackling issues such as dendrite growth and thickness constraints. As the battery industry evolves, Elegus Technologies seeks to provide high-performance separator materials that meet the challenges of various battery chemistries and applications.
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