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§ Private Profile · Canton, MI, USA
Technology developer providing supercritical CO2 cutting fluid systems, replacing traditional coolants for CNC machining.
Fusion Coolant Systems is a Canton, Michigan-based enterprise that develops and commercializes supercritical carbon dioxide cutting fluids for industrial metalworking and CNC machining applications. The organization provides its proprietary Pure-Cut technology to replace traditional water-based coolants, aiming to improve manufacturing productivity, lower consumable costs, and reduce environmental risks across the aerospace, automotive, and biomedical device sectors. To support its ongoing commercial expansion and internal engineering operations, the business has successfully raised over $10 million in total venture capital funding, highlighted by an $8 million Series C financing round. This strategic capital growth was backed by a syndicate of institutional investors featuring Material Impact, Michigan Capital Advisors, Invest Michigan, and the Amherst Fund. Operating initially as a specialized technology spinout from the University of Michigan, Fusion Coolant Systems was founded in 2011 by Steve Skerlos.
Fusion Coolant Systems has raised $9.8M across 3 funding rounds.
Fusion Coolant Systems has raised $9.8M in total across 3 funding rounds.
Fusion Coolant Systems has raised $9.8M in total across 3 funding rounds.
Fusion Coolant Systems's investors include Material Impact, Michigan Capital Advisors, Amherst Fund, Invest Michigan, MINTS, Tom Porter, Automation Alley, Detroit Enterprise Fund, First Step Fund, Michigan Rise.
Fusion Coolant Systems has raised $9.8M across 3 funding rounds. Most recently, it raised $8.0M Series C in October 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 5, 2018 | $8M Series C | Material Impact, Michigan Capital Advisors | Amherst Fund, Invest Michigan, Mints | Announced |
| Aug 23, 2016 | $1.3M Series B | Mints | Amherst Fund | Announced |
| Jan 16, 2013 | $600K Series A | TOM Porter | Amherst Fund, Automation Alley, Detroit Enterprise Fund, First Step Fund, Michigan Rise | Announced |