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Category: Private Equity

Battery Technology / Private Equity / Startups / Venture Capital

Our Next Energy raises $300 million in Series B

NOVI–Our Next Energy Inc., the Novi-based energy storage technology company, today announced it has closed a $300 million Series B capital raise at a post-money valuation of $1.2 billion. The round was led by the Los Angeles venture capital firm Fifth Wall and the San …

Energy Efficiency / HVAC / Private Equity

Huron Capital founds Exigent, energy and HVAC management firm

DETROIT–The middle-market private equity firm Huron Capital has created its latest ExecFactor platform, Exigent, which will provide a variety of mission-critical repair, maintenance, and replacement services to large facility operations …

Acquisitions / Broadband / Private Equity / Telecommunications

Huron Capital unit acquires Hess Broadband

DETROIT–The middle-market private equity firm Huron Capital and TriStruX, a national provider of telecom infrastructure services to wireless carriers, cable companies, tower owners, and telecom manufacturers, announced the acquisition of …

Autonomous Vehicles / Private Equity / Venture Capital

May Mobility gets $83M funding round

ANN ARBOR—May Mobility, developers of autonomous vehicle technology, has closed a Series C round of funding with an investment of $83 million, led by the Tokyo-based Mirai Creation Fund II, a …

Environmental Engineering / Environmental Remediation / Private Equity / Venture Capital

Lansing environmental consultant gets VC investment

LANSING—Lansing-based PM Environmental Inc. has completed an investment partnership with Keystone Capital Management, L.P., a Chicago-based private investment firm. The recapitalization occurred in early December 2021. PM is a regional …

Life Sciences / Private Equity / Startups / Venture Capital

Life sciences startup raises $17.5M

ANN ARBOR—Officials at the Ann Arbor-based life sciences laboratory products startup Akadeum Life Sciences Inc. announced the closing of an oversubscribed $17.5 million Series B financing, led by the Ann Arbor-based venture …

Auto Industry / E-Commerce / Private Equity

Huron Capital completes sale of car marketing site

DETROIT—Officials at the Detroit private equity firm Huron Capital, announced the sale of the firm’s used car auction and remarketing platform XLerate Group to Brightstar Capital Partners, a New York …

Angel Investors / Automotive Aftermarket / Private Equity / Robotics / Startups / Venture Capital

Auto tech startup RoboTire closes $7.5M Series A funding round

DETROIT—Officials at the Detroit based automotive robotics startup RoboTire announced the closing of its $7.5 million Series A investment round. The round was led by Scottsdale, Ariz.-based Reinalt-Thomas Corp., which …

Artificial Intelligence / Data Science / Medical Devices / Private Equity / Venture Capital

Wal-Mart data science expert to serve as BioStar entrepreneur-in-residence

CHARLEVOIX—BioStar Capital, an investment firm focused on novel medical devices, announced that Jeffrey Yau, vice president of data science, data engineering, and platform engineering of store associate technologies at Walmart …

E-Commerce / Online Marketing / Private Equity / Venture Capital

StockX raises $275M in latest funding round, company valued at $2.8B

DETROIT—Officials at StockX, the online market for a wide variety of goods, announced that the company has raised $275 million in a Series E funding round, the largest venture capital …

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