A fast peek inside Fontinalis, one in every of Detroit’s best-known younger enterprise corporations – TechCrunch
Fontinalis, the 12-year-old, Detroit-based early stage enterprise agency, is thought for being among the many very first investing outfits to focus squarely on mobility as an overarching theme. It wasn’t a stunning mandate, provided that the outfit’s cofounders embrace Invoice Ford, the good grandson of Henry Ford and the manager chairman of Ford Motor Firm.
Nonetheless, the agency has used its ties to the normal automotive business to successfully compete towards, and make investments alongside, many Silicon Valley enterprise corporations within the intervening years, creating an fascinating portfolio alongside the way in which. It had stakes in Postmates, acquired in an all-stock deal by Uber, and in Lyft, for instance. It additionally backed the self-driving startup nuTonomy, which offered to auto provider Delphi Automotive in 2017 for $450 million. A few of its newer bets embrace Gatik, a startup growing an autonomous car stack for B2B short-haul logistics; Sturdy.AI, a