Fusion Coolant Systems develops and commercializes patented supercritical carbon dioxide cutting fluids for manufacturing. The technology uses CO2 as a cutting fluid to lower manufacturing costs in large sectors such as medical, aerospace, and automotive. The company is based in Canton, Michigan. It plans to use new capital to grow staff, expand operations, and acquire equipment and personnel. The company raised $8M in a Series C financing led by Material Impact and Michigan Capital Advisors, with participation from existing investors MINTS, Amherst Fund and Invest Michigan. Fusion Coolant was founded by Steven Skerlos, Arthur F. Thurnau Professor of Mechanical Engineering at the University of Michigan. Fusion Coolant Systems develops patented supercritical carbon dioxide cooling and lubrication technology for metal cutting and forming applications. The company uses recycled CO2 in the form of supercritical carbon dioxide to deliver clean manufacturing solutions that protect worker health and the environment. Fusion is a University of Michigan spinout and is based in Canton, MI. Leadership includes Interim CEO Steve Skerlos and Arthur F. Thurnau, Professor of Mechanical Engineering at the University of Michigan. The company intends to use newly raised funds to grow its engineering and sales teams. No operating metrics were disclosed in the article. Fusion Coolant Systems commercializes CHiP Lube, an advanced patented Carbon Dioxide (CO2) dry coolant and lubrication system for machining and forming metal or plastic parts. The company is a University of Michigan tech transfer startup based in Detroit and is led by CEO Tom Gross. Fusion intends to use its recent funding to build out sales, marketing and product development. The product targets manufacturing customers needing dry coolant and lubrication solutions. The article reports a $600K Series A raise, indicating early-stage commercial and financial progress.

Total raised

$10M

Funding rounds

3

Latest round

Series C

Latest activity

Oct 2018