Fontinalis Partners announces $104m

Fontinalis III brings the firm’s total committed capital to approximately $270m, and the fund is comprised of more than 30 LPs.

Fontinalis Partners, a mobility-focused venture firm with offices in Detroit and Boston, announced the final close on its $104 million third fund.

Fontinalis Partners was founded in 2009 and has backed more than 50 companies, including about 20 exits, to date.

Examples of notable investments from the firm’s prior two funds include Life360 (IPO), Telogis (acquired by Verizon), Ouster (SPAC merger), Postmates (acquired by Uber), nuTonomy (acquired by Aptiv), Lyft (IPO), and many others.

Source: Press release