Fontinalis Partners, a Detroit-based venture capital firm with a Boston office, announced on Wednesday that it has closed a second, $100 million fund for mobility startups, bringing its total capital commitment to $165 million.
When we say "mobility," we mean " the efficient movement of goods, people, and services across all modes of transportation," as Fontinalis states in its press release announcing the new fund.
To give you an even better idea, just take a look at some of the firm's portfolio companies in the Boston area: autonomous car software company Nutonomy, bike-sharing company Zagster and sailing drone tech company Autonomous Marine Systems.
"We founded Fontinalis Partners because we saw a tremendous opportunity ahead in mobility globally, and believed that entrepreneurs in this market would benefit from partnering with an investor that brings unique domain expertise and strategic access," Chris Cheever, co-founder and partner at Fontinalis said in a statement.
Fontinalis — which was founded in 2009 by Ford Motor Company Executive Chairman Bill Ford and a group of leaders in mobility, telecommunications and financial services — invests in companies of all stages and across all modes of transportation.
