Fusion Coolant Systems, a spin-out from the University of Michigan, raises $600k in series A round.

US-based Fusion Coolant Systems, a University of Michigan (UoM) spin-out that produces coolant and lubrication systems for the manufacturing sector, has raised $600k in a series A round led by The Frankel Fund, a venture fund led by UoM students.

The round also saw participation from seed funds The Amherst Fund, Detroit Enterprise Fund, First Step Fund, technology business association Automation Alley, and The Michigan Pre-seed Fund.

Investment in the Detroit-based spin-out will be used to execute a growth plan for Fusion, which includes building up sales and marketing divisions as well as further product development of Fusion’s Composite High Pressure Lubricant (CHiP Lube).

“It’s gratifying to bring a disruptive metal working coolant technology to market that offers customers the opportunity to achieve the next level of lean manufacturing processes,” said  Tom Gross, chief executive officer of Fusion. “With this funding round now closed, we’re able to accelerate our growth…

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