Fontinalis raises $100 mln for second fund

By Alastair Goldfisher — 1 year ago

Detroit-based Fontinalis Partners, which invests in transportation technologies, announced it has raised $100 million for its second fund. The firm, which also has an office in Boston, says it now manages $165 million in committed capital since it was founded in 2009 by Ralph Booth, Bill Ford (the great-grandson of Henry Ford), Chris Cheever, Chris Thomas and Mark Schulz.

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500 Startups announces $25 mln fund to back black, Latino entrepreneurs

By Alastair Goldfisher — 1 year ago

500 Startups announced it is raising a $25 million fund to invest in startups headed by black and Latino entrepreneurs. The firm said the new fund is expected to invest in about 100 companies. As is its custom when announcing a new microfund, 500 Startups said the new vehicle will be led by founding partner Dave McClure. Also leading the new fund is Monique Woodard, a venture partner at 500 Startups and co-founder of Black Founders, a national organization that aims to increase the number of black entrepreneurs in tech.

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New Beantown venture firm Underscore.VC debuts

By Iris Dorbian — 2 years ago

A new Boston venture firm Underscore.VC has launched, according to its website. Michael Skok, an ex-general partner at North Bridge Venture Partners, is a co-founder and investing partner at the firm. Other co-founders are C.A. Webb, a former executive director of the New England Venture Capital Association and John Pearce, who previously worked at Actifio, Demandware and AppIQ. Also, Chris Lister is joining the team as executive-in-residence after previously serving as chief revenue officer/senior vice president of sales and marketing at Constant Contact.

 

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Ohio TechAngel Funds raises $5.1 mln for fifth fund

By Alastair Goldfisher — 2 years ago

Ohio TechAngel Funds (OTAF), which invests in Ohio-based companies in IT, advanced materials and life sciences, announced it has raised $5.1 million for its fifth fund. Half of the funds came from accredited investors, while the State of Ohio matched the other half with a loan, said OTAF Managing Director Parker MacDonell. OTAF raised $7.3 million in a similar structure for its fourth fund, which it began putting to work in 2014. MacDonnell said that fund is about two-thirds invested.

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