U-M startup Fusion Coolant raises $1.25M

Fusion Coolant Systems, a U-M spinout based in Canton, Mich., announced it has raised $1.25 million in its first close of Series B funding.

The funding included an investment from U-M’s investment program Michigan Investment in New Technology Startups along with the Amherst Fund, a privately held investment firm based in Ann Arbor.

“MINTS is enthusiastic to participate in Series B given Fusion’s growing market acceptance in the biomedical sector and the inroads it continues to make within the automotive and aerospace sectors,” said Rafael Castilla, director of investment risk management at U-M. “Fusion has proven its technology and is transitioning its focus to business execution and scaling.”

Fusion Coolant was founded in 2011 to deliver the next-generation of coolant and lubricant technology to advanced manufacturing operations through the use of supercritical carbon dioxide.

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