September 17, 2014 @ 11:43 am

MEMBER NEWS: Huron River Ventures portfolio news

Sidecar Raises Another $15 Million, Adds Sir Richard Branson As Investor
San Francisco-headquartered ridesharing startup Sidecar, which competes with on-demand car services like Uber and Lyft, announced it has raised an additional $15 million in funding. The new round comes from existing investors Avalon Ventures and Union Square Ventures, and includes participation from new investor and Virgin founder Sir Richard Branson. Previously, Sidecar had raised $20 million through A and B rounds, the latest of which was announced in February.

Daimler Acquires RideScout
moovel GmbH, a subsidiary of German car giant Daimler, acquired Huron River Ventures portfolio company RideScout, which offers a mobile app for transportation choices in cities. The move is part of Daimler’s continued push beyond car manufacturing and into developing technology for urban mobility, as a next generation of city-dwellers is increasingly giving up on car ownership and opting for transportation alternatives from on-demand car services like Uber to car-sharing services like Zipcar.

FarmLogs Triples Market Share In Last Six Months
Michigan-based FarmLogs announced a significant milestone in the young company’s history. In just two years since its founding, the company has seen incredible growth and now counts customers in all 50 states and over $11 billion worth of crops under its management, a number that has tripled in the last six months. FarmLogs estimates 15% of the farms within the United States are using its services. Read more on TechCrunch

Zipments Raises Capital and Builds Team in West Michigan
Three  years ago, West Michigan entrepreneur Garrick Pohl realized he needed to move his tech startup to a larger metropolitan market to prove the concept and to scale up its operations.
But now that Zipments Corp. has demonstrated that its mobile courier service is viable after operating in New York City and other major markets, he’s looking for a more affordable place to grow the company he started in Holland and launched in Grand Rapids four years ago.

With its product development team already in Grand Rapids, Zipments is now in the process of ramping up hiring for its customer service and inside sales teams, with six people currently working from an office in downtown Grand Rapids. The team could swell to as many as 30 people within the next 12 months, Pohl said, noting that the company plans to maintain a small operations team in each of its markets, including New York City, Chicago and San Francisco. Read more on MiBiz

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September 11, 2014 @ 9:44 am

MEMBER NEWS: Plymouth Ventures Expands Advisory Committee for PVP III

Plymouth Ventures wrapped up the successful final close for their new fund PVP III in June and is pleased to announce two additional appointments to the fund’s Advisory Committee:

Jody Vanderwel
Since 2005, Jody has been President of the Grand Angels, the leading and most experienced angel investing group in Michigan. Jody oversees Grand Angels’ deal sourcing, investing, and portfolio management, and represents the group at networking and educational events across Michigan. Jody worked several years in private practice before joining Herman Miller as Corporate Counsel and then Vice President for Corporate Giving. Jody is currently a member of the Michigan Venture Capital Association Board, the Michigan Accelerator Fund I Advisory Board, the Baker Publishing Group Board, and the Fuller Theological Seminary Board. She also chairs the Board of Priority Health. In February Governor Snyder appointed her to a four year term on the Michigan Strategic Fund. Jody holds a B.A. degree from the University of Colorado and a J.D. degree from Washington University in St. Louis. Jody comes from a strong entrepreneurial family and has been an effective leader with growing recognition nationally in angel circles. She lives and works in Holland, Michigan.

Steve Jandernoa
Steve is a Vice-President at 42 North Partners LLC in Grand Rapids, MI. 42 North Partners is a single family office focused on alternative asset investing as well as entrepreneurial and community initiatives in Michigan. Steve is primarily responsible for direct investing activities including sourcing, executing, and oversight of an existing portfolio of operating companies. Steve currently serves on the Advisory Committee for Owners Resource Group, a private equity fund based in Austin, Texas, and is an active board observer at Advantage Business Media and Salamander Technologies. Steve’s prior experience includes seven years in public accounting with the most recent responsibilities as a Manager of Assurance Services with Ernst & Young. Steve is a licensed CPA in the state of Michigan, received an MBA from the Ross School of Business at the University of Michigan and a BS in Accounting and Marketing from Marquette University.

Managing Partner, Mark Horne, commented; “We are pleased to add Jody and Steve to our Advisory Committee. They have been great supporters of our regional, growth-stage investment strategy and I look forward to working with both of them as we continue to deploy the new fund. We have a great Advisory team and each member brings a real depth of experience and a unique perspective to the Committee.”
About the PVP III Advisory Committee

The Advisory Committee is made up of selected Limited Partners of PVP III and meets on a monthly basis. The purpose of the committee is to provide advice and counsel as requested by the General Partner in connection with the Partnership’s investments as well as other matters pertaining to the Partnership. Existing Advisory Committee members include Mike Monahan (Chairman), Gerry Boylan, William Foster, Chris Rizik (Renaissance Venture Fund) and Mike Kell (Venture Michigan Fund II).

About Plymouth Ventures
Plymouth Ventures is the manager for Plymouth Venture Partners I, Plymouth Venture Partners II, and Plymouth Venture Partners III. The company has four partners, Mark Horne, Jeff Barry, Kevin Terrasi, and Evan Ufer. Plymouth was founded by Ian Bund who remains active as a Senior Advisor. The firm is headquartered in Ann Arbor, Michigan. For more information, please visit www.plymouthvc.com.

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September 11, 2014 @ 9:41 am

MEMBER NEWS: Fontinalis Partners portfolio updates

Detroit-based Fontinalis Partners invested in Telogis, which provides fleet management software for enterprises.  Telogis is working closely with many companies in Detroit, such as Ford and GM (for example, they’re powering Ford Crew Chief to help small Ford fleet owners manage their assets).  More information on the investment can be found at http://www.marketwatch.com/story/telogis-announces-strategic-investment-from-fontinalis-partners-2014-09-10.  The investment size wasn’t announced but the size of a prior round ($93 million in Oct 2013, led by Kleiner Perkins) was.

Also, an existing Fontinalis portfolio company—Parkmobile—received a “substantial” investment from BMW.  See article here.

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September 9, 2014 @ 4:53 pm

MEMBER NEWS: Piton Capital and Beringea invest $10 million into online luxury watch retailer Watchfinder

FARMINGTON HILLS, Mich.Piton Capital, the specialist marketplace investor, and Beringea, a private equity firm providing growth capital to market-leading businesses, have invested $10 million into Watchfinder, the UK’s leading pre-owned watch resale marketplace. The investment, which was funded by Piton and Beringea’s London office, Beringea LLP, will be used to broaden the company’s inventory and offering of luxury timepieces, roll out a multi-media marketing campaign and further fund the watch servicing center, as well as provide limited liquidity for existing shareholders.

Founded in 2002, Watchfinder is the leader in UK pre-owned luxury watches, selling luxury brands such as Rolex, Cartier, Tag Heuer, Breitling, Omega, and Patek Philippe, as well as rare and vintage models.  In addition to its extensive online marketplace, the company operates a flagship boutique in London.

Watchfinder also operates a certified servicing center where the company’s expert technicians use manufacturer-approved machinery to service timepieces. Every watch repair and refurbishment is followed by testing for accuracy, efficiency and water resistance, ensuring that each watch falls within the manufacturer’s specified tolerance before being returned to its owner or sold.

Stuart Hennell, Founder and CEO of Watchfinder, commented:  “We at Watchfinder are very proud of the business we’ve created over the past decade, and the level of trust we’ve earned from our customers.  After considering a number of strategic options for the future, we are delighted to be taking on investment from Beringea and Piton, with whom we have a shared vision for the future.  Their combined expertise in ecommerce, retail, and international markets should be a great asset.”

Karen McCormick, partner and investment director for Beringea, commented: “Watchfinder has become the most trusted retailer for authentic, pre-owned luxury timepieces in the UK, and is uniquely able to offer manufacturer-quality servicing to back up their warranty.”

Greg Lockwood of Piton added: “Over the past 12 years, Watchfinder has really figured out how to make the secondary market for fine watches work, and this is reflected in their outstanding track record of growth and profitability. We’re excited to partner with this strong and well-respected company.”

# # #

About Watchfinder

Since 2002, Watchfinder & Co. has provided a modern, prestigious service for people investing in fine watches.  Watchfinder.co.uk is where WF&Co. finds its origins and is one of the most visited watch-related websites in the world with over 4.4 million unique visitors a year.  The first bricks-and-mortar store was opened in 2013 and today accounts for 20% of sales, which total over £120 million since inception.

The company delivers the ultimate customer experience, providing consumers with a superior way to buy brands such as Rolex, Omega, Breitling, TAG Heuer, Longines and Cartier. Every watch received undergoes a strict and rigorous screening at the in-house service center, ensuring that each item meets the highest standard possible before sale. Due to this, each timepiece is given a twelve month warranty as a testament to its excellent working order.

About Beringea
Beringea, LLC provides equity and/or mezzanine debt to small- and-middle market companies. The Firm, which includes Michigan-based Beringea, LLC and its London, UK office Beringea LLP, invests in portfolio companies operating in a range of sectors, including health care, information technology, advanced manufacturing, media and specialized consumer products.
With flexible capital solutions, extensive investing experience and offices in the U.S. and UK, Beringea’s team offers its portfolio companies the resources to grow their businesses and create value for stakeholders. For more information, visit www.beringea.com.

In the United States of America, Beringea operates as an SEC-registered investment advisor, Beringea, LLC. In the United Kingdom, this document is issued by Beringea LLP, a firm authorized and regulated by the Financial Conduct Authority. Beringea LLP is a limited liability partnership registered in England and Wales with company number OC342919, and its registered office is at 39 Earlham Street, London, WC2H 9LT, UK. This document is intended solely to provide information regarding Beringea’s potential financing capabilities for prospective portfolio companies.

Media Contact:
Kelly O’Donnell
Beringea LLC
Phone: 248-489-9000
Email: odonnellkelly@yahoo.com

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September 5, 2014 @ 1:46 pm

MEMBER NEWS: Daimler Acquires RideScout

moovel GmbH, a subsidiary of German car giant Daimler, has acquired Huron River Ventures portfolio company RideScout, which offers a mobile app for transportation choices in cities. The move is part of Daimler’s continued push beyond car manufacturing and into developing technology for urban mobility, as a next generation of city-dwellers is increasingly giving up on car ownership and opting for transportation alternatives from on-demand car services like Uber to car-sharing services like Zipcar.

Huron River Ventures invested in RideScout in March 2014 and Daimler’s acquisition was cash transaction. Read more on Newswire.

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September 4, 2014 @ 2:28 pm

MVCA Venture Fellow Linda Chamberlain sees possibility in every deal

linda chamberlainWhen Linda Chamberlain became a MVCA Venture Fellow at Grand Rapid’s Michigan Accelerator Fund-1 in 2012, she assumed her previous experiences leading corporate innovation business units, a high tech start-up, a life sciences incubator and a university center for entrepreneurship made her experienced enough to remain objective, even skeptical, of investment opportunities.  As she nears the end of her Fellowship period two years later, Chamberlain has found that wasn’t always the case.  “The process of venture investing offers the honor of sharing in the big vision of the entrepreneur, as well as the practical roadmap on how they are going to make it happen,” she remarks.  “It affords- at least at that first pitch!- the time to refrain from applying objective filters, applaud the dream, and for me, exercise my inner technology geek and get excited about the commercial possibilities!”

MAF-1 invests primarily in Michigan-based, early stage, life science companies, which has allowed Chamberlain the opportunity to immerse herself in the local start-up and investment dynamic.  She has been involved in all aspects of Fund life, from sourcing deals to leading due diligence to deal negotiation and syndication, and ultimately investment placement, but has found one of her favorite components to be the strategic side of portfolio management. “MAF still has room for a few more investments, and how they fit into the whole for return goals and exit timing has been fascinating to model,” she says.

Since Chamberlain joined MAF-1, the fund has reviewed over 200 deals, many of which she calls “amazing technologies with great leaders, but for this or that reason, you can’t invest in all of them.  Believe me when I say that we lament the ones that got away!”

That said, she considers her first few months with MAF-1 a trial by fire, as the fund was considering a new investment in a diagnostic-enabling company.  “It was a privilege to engage with the CEO and fellow investors through both the initial fund investment as well as 2013 follow-on, which just happened to be an up-round with new syndication partners!”  Later, the fund needed to take an active role in management of another portfolio company, so Chamberlain volunteered to serve as interim-CEO, drove a company pivot, and still leads the business as it develops a new diagnostic for tuberculosis infection.   “Through both experiences I learned and continue to learn the in’s and out’s of venture investing AND the critical work and responsibility of portfolio company management,” she says.

Her Fellowship period, and working with a variety of other Michigan venture funds, has also banished some stereotypes Chamberlain might have held about venture capital firms and their professionals.  “I have been pleasantly surprised by the level of camaraderie and the overall sharing of information among funds.  You always hear stories of “vulture” funds, which I think I extrapolated to an end point which included fund-to-fund relationships.  Instead one finds openness and a sense of purpose in investing in a good cause.  Plus with so many VCs having walked in entrepreneur shoes, the empathy quotient is high and hence their feedback is usually candid and very helpful.  Put it all together with good intentions and you have the possibility of changing the world one investment at a time!

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September 2, 2014 @ 11:21 am

MEMBER NEWS: Plymouth Ventures III makes 2nd Investment

Plymouth Ventures today announced that it has made its second investment out of Plymouth Venture Partners III, which had its final closing at the end of June.  The investment was made into the Chicago-based 3D virtual simulation technology company InContext Solutions as part of a $12+ million Series D round.  www.incontextsolutions.com  The round was led by Beringea LLC and involved follow-on investments from Plymouth Venture Partners II and Hyde Park Venture Partners.

With the latest funding efforts, InContext Solutions plans to rapidly grow and expand its virtual simulation and research presence worldwide. Their marquee shopper marketing platform, ShopperMX™, allows manufacturers and retailers to collaborate over the web within a 3D virtual store simulation. The first-of-its-kind technology takes 3D visualization to the next level with endless capabilities for testing store, aisle and category layouts, product packaging, in-store marketing or even shopper flow within a store to determine which concept is the most effective for generating demand. ShopperMX helps clients become faster, smarter and more profitable as they bring shopper and retail concepts to market.

“We are pleased to continue to support InContext, and make it our second investment out of PVP III.   They have had a great roll out of ShopperMX ,” Plymouth Managing Partner Mark Horne commented. “We believe the company has the right management team and product in place to address its large addressable market.  The size of the round InContext was able to attract is a strong indication of the significant market opportunity in front of the company.”

InContext Solutions was founded in 2009 with a vision to revolutionize 3D virtual simulation technology via Internet streaming and offer unparalleled virtual store research services. To date, InContext Solutions has become a partner for a large roster of companies, including seven of the top 10 global consumer packaged goods companies, six of the top 10 quick serve chain restaurant companies in the United States, three of the top five grocery retailers in the United States and three of the top 10 mass, drug and value chain retailers in the United States.

InContext has been recognized by Forbes as one of “America’s Most Promising Companies,” and as a “Cool Vendor” by Gartner.

Plymouth Venture Partners III made its first investment in Certified Security Solutions, the Cleveland-based information security company that specializes in Identity and Access Management solutions.

About Plymouth Ventures

Plymouth Ventures is the manager for Plymouth Venture Partners I, Plymouth Venture Partners II, and Plymouth Venture Partners III.  The company has four partners, Mark Horne, Jeff Barry, Kevin Terrasi, and Evan Ufer.  Plymouth was founded by Ian Bund who remains active as a Senior Advisor.  The firm is headquartered in Ann Arbor, Michigan.  For more information, please visit www.plymouthvc.com.

About InContext Solutions

InContext Solutions was founded in 2009 with a vision to revolutionize how virtual simulations could be used by leading businesses across the globe to research the placement of products in a retail setting. InContext Solutions provides a unique and in-depth perspective on what consumers see on the shelf, how this drives their purchase behavior and why. InContext Solutions has been recognized in the industry among “America’s Most Promising Companies” by Forbes in 2009, as a Chicago Innovations Up-and-Comer in 2010, and featured as a “Cool Vendor” by Gartner in 2011. Recently named the 9th fastest growing privately held technology company, they continue to grow their team, knowledge and capabilities. Visit www.incontextsolutions.com

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August 28, 2014 @ 10:57 am

MEMBER NEWS: Beringea leads InContext Solutions’ $12 Million Series D Round

BERINGEA LEADS INCONTEXT SOLUTIONS’ $12 MILLION SERIES D ROUND
Investment to Support Company’s Rapid Growth, Expansion and R&D

FARMINGTON HILLS, Mich.Beringea, LLC, a private equity firm providing growth capital to market-leading businesses, today announced its Fund has made a $5 million investment in InContext Solutions, Inc., a Web-based company providing three dimensional (“3D”) virtual store research, simulations, and software to manufacturers and retailers.  Beringea led the $12 million Series D round, which included a $4 million investment from Beringea’s London affiliate Beringea, LLP, and funding from Mich.-based Plymouth Venture Partners, Ill.-based Hyde Park Venture Partners, as well as other inside investors.  Proceeds will be used to support sales and operational hiring plans and fund further development and functionality of InContext’s ShopperMX platform.

“There is a growing market familiarity with desktop 3D solutions, and we expect demand for the type of solutions InContext offers customers to grow substantially as retailers and manufacturers realize the significant benefit of online visualization tools,” said Mark Donnelly, principal at Beringea. “Making this investment alongside our London office gives InContext valuable resources to utilize as the company expands into the European market.”

With the latest funding efforts, InContext Solutions plans to rapidly grow and expand its virtual simulation and research presence worldwide. Their marquee shopper marketing platform, ShopperMX™, is a SaaS (software-as-a-service) offering that allows manufacturers and retailers to collaborate over the web within a 3D virtual store simulation. The first-of-its-kind technology takes 3D visualization to the next level with endless capabilities for testing store, aisle and category layouts, product packaging, in-store marketing or even shopper flow within a store to determine which concept is the most effective for generating demand. ShopperMX helps clients become faster, smarter and more profitable as they bring shopper and retail concepts to market. In the last year alone, ShopperMX growth increased 168 percent and continues to accelerate.

“We are seeing great interest and investments from current clients as virtual continues to gain traction in the market. With this funding round, we will be able to exponentially boost our growth and offer enhanced virtual solutions for clients,” says InContext Solutions CEO Mark Hardy. “Our plan is to increase our dedicated and knowledgeable staff, invest further in our ShopperMX technology, and support expansion into Europe.”

InContext Solutions was founded in 2009 with a vision to revolutionize 3D virtual simulation technology via Internet streaming and offer unparalleled virtual store research services. To date, InContext Solutions has become a partner for a large roster of companies, including seven of the top 10 global consumer packaged goods companies, six of the top 10 quick serve chain restaurant companies in the United States, three of the top five grocery retailers in the United States and three of the top 10 mass, drug and value chain retailers in the United States.

# # #

Notes to Editors: Videos of InContext’s 3D virtual store simulations can be found on the company’s Vimeo channel at www.vimeo.com/incontext. High resolution images also upon request.

About InContext
InContext Solutions was founded in 2009 with a vision to revolutionize how virtual simulations could be used by leading businesses across the globe to research the placement of products in a retail setting. InContext Solutions provides a unique and in-depth perspective on what consumers see on the shelf, how this drives their purchase behavior and why. InContext Solutions has been recognized in the industry among “America’s Most Promising Companies” by Forbes in 2009, as a Chicago Innovations Up-and-Comer in 2010, and featured as a “Cool Vendor” by Gartner in 2011. Recently named the 9th fastest growing privately held technology company, they continue to grow their team, knowledge and capabilities. Visit www.incontextsolutions.com.

About Beringea
Beringea, LLC provides equity and/or mezzanine debt to small- and-middle market companies. The Firm, which includes Michigan-based Beringea, LLC and its London, UK office Beringea LLP, invests in portfolio companies operating in a range of sectors, including health care, information technology, advanced manufacturing, media and specialized consumer products.

With flexible capital solutions, extensive investing experience and offices in the U.S. and UK, Beringea’s team offers its portfolio companies the resources to grow their businesses and create value for stakeholders. For more information, visit www.beringea.com.

In the United States of America, Beringea operates as an SEC-registered investment advisor, Beringea, LLC. In the United Kingdom, this document is issued by Beringea LLP, a firm authorized and regulated by the Financial Conduct Authority. Beringea LLP is a limited liability partnership registered in England and Wales with company number OC342919, and its registered office is at 39 Earlham Street, London, WC2H 9LT, UK. This document is intended solely to provide information regarding Beringea’s potential financing capabilities for prospective portfolio companies.

InContext Solutions Contact:
Claudia Maj, Publicist
Empower Public Relations
O:  312.854.8816
C:  312.912.2706
cmaj@empowerpr.com
www.empowerpr.com

Beringea Contact:
Kelly O’Donnell, Marketing and Communications Specialist
O: 248.489.9000
kodonnell@beringea.com

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August 28, 2014 @ 9:07 am

Venture Fellowship prepares Adrian Fortino for career on other side of table

adrian fortinoFormer entrepreneur Adrian Fortino is nearing the end of his MVCA Venture Fellowship, but after leading the venture capital funds at Invest Detroit, First Step Fund (FSF) and Detroit Innovate (DI), he says there’s one challenge he’s found common to both VCs and entrepreneurs: fundraising.  “I spent several years as a venture backed entrepreneur prior to coming to Invest Detroit so I was very familiar with the industry. While we’ve had a successful launch for Detroit Innovate, I’ve found that fundraising for a venture fund can be just as challenging as it was when I was running my companies.”

Fortino has done over 20 deals during the two years of his MVCA Venture Fellowship. He says that while “that is way too many ‘children’ to have a favorite; they are all my favorites!”, a couple early ones stand out given the Fund’s position in the capital commitments. “We were one of the first two investors in Seelio, an online portfolio platform for college students, and it was my first deal. I worked extensively with Moses (Lee, CEO) and team from initial product launch to scale up through the acquisition negotiations and to a successful exit. We have been in a similar position for memloom, a storytelling platform which allows audio, video, images and narrative for seamless creation. I helped the company through the initial product development and product launch. The system is now getting a great deal of traction with organizations and users.”

Fortino plans to continue to be an active member of the Michigan venture capital community post-Fellowship.  “I loved being an entrepreneur and building companies as a founder, but I found the variety of working with several founders extremely rewarding.”

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August 20, 2014 @ 3:58 pm

PORTFOLIO COMPANY NEWS: University of Michigan Spin-Out Sakti3 Delivers Double the Energy Density of Current Lithium Ion Battery Technology, Cells Produced in Ann Arbor Lab

ANN ARBOR, Mich., August 20, 2014 – Sakti3, Inc. (www.sakti3.com) announced that it has produced a battery cell on fully scalable equipment with over 1100 Watt hours per liter (Wh/l) in volumetric energy density.  This translates to more than double the usage time in a wearable device like a smartwatch, from 3.5 h to more than 9 h. It also translates to almost double the range in an EV like the Tesla Model S, from 256 mi to 480 mi.

“It’s clearly a breakthrough – it’s a world’s best, made on a mass-production platform,” said Professor Wei Lu from the University of Michigan, a battery expert knowledgeable about the process. “It’s not either/or in cost and performance in batteries anymore – Sakti3 has both. They built a really high performance device on a really low cost platform – like building millions of high end processors in a factory that produces ordinary plastic wrap. It was quite a scientific feat.”

Sakti3 reports that it demonstrated over 1000 Wh/l over two years ago, and has since moved to a pilot tool, using all scalable materials and equipment. The technology development was guided by mathematical simulations, starting with materials, and continuing to full scale plant layout to avoid any high cost materials, equipment or processes.

Along with having an ultra-low cost solution, the battery cells are also the safest ever demonstrated because of the all-solid-state construction and materials in the cells. Sakti3 has released a video (http://youtu.be/ICQcj73dMgI) demonstrating an abuse test in which hot solder is dropped into the cycling cell – and it continues to operate normally.

”Our target is to achieve mass production of cells at ~$100/kWh,” said Dr. Ann Marie Sastry, CEO of Sakti3. “Our key patents on the technology have been issued, we are up and running on larger tooling, and can now speed up processing. Our first market will be consumer electronics, and after that, we’ll move to other sectors.”

About Sakti3

Sakti3 is commercializing a breakthrough, high performance, low cost and intrinsically safe solid state battery technology. The materials, device designs and manufacturing methodologies were selected and optimized using advanced computational modeling, and lockstep, small-scale prototyping. The company is now scaling its prototypes in pilot production.

Sakti3 has received $30MM in venture funding from Beringea, Khosla Ventures, GM Ventures, Itochu, and a grant from the State of Michigan.

Sakti3 has been recognized for its innovative approaches with several technical and business awards, including recognition as an Energy Innovation Pioneer by CERAWEEK (2014), in MIT’s Technology Review as one the World’s 50 Most Innovative Companies (2012) and the winner of the World’s Top Ten in the Energy Category (2011).

Contact

Mike Smiley • 734.827.2583 • info@sakti3.com

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The MVCA is a non-profit trade organization designed to bring together venture capital industry participants in the state of Michigan. The organization's goal is to grow and sustain a vibrant venture capital community in Michigan.
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