Connect with us

Tech

FM Capital adds two automotive technology pioneers as technology operating partners | Auto Remarketing Auto Remarketing

FM Capital adds two automotive technology pioneers as technology operating partners | Auto Remarketing Auto Remarketing

 


FM Capital has added two additional industry experts to strengthen the venture capital firm, which focuses on early to mid-stage companies in automotive and transportation technology.

Jake Sigal and Massimo Baldini, who FM Capital calls pioneers in automotive technology, will join as technology operating partners.

In addition to providing various advisory and due diligence services to FM Capital and its portfolio companies, the companies will also invest in FM Capitals Fund IV, according to a news release.

FM Capital has operational experience across OEM sales, dealer technology, and mobility services, as well as a base of strategic limited partners.

The company believes that as the industry digitizes and decarbonizes, the emergence of software-defined vehicles is highlighting the need for practical and progressive applications that can deliver value to customers and efficiency to automakers. I explained that

FM Capital said it was a perfect fit with Sigal and Baldinis' backgrounds.

FM Capital highlighted that the two are successful entrepreneurs who founded, developed and sold automotive technology companies, and also helped build a culture of innovation in and around the Detroit area.

Sigal is a Detroit-based serial technology entrepreneur working at the intersection of consumer experience and the automotive and mobility industry. He is an active board member of the Consumer Technology Association (CTA), which hosts the CES show each year. He is also a leading advocate for innovation in Michigan, working with the Michigan Economic Development Corporation, serving as an early stakeholder and advisor at Techstars Mobility Detroit, and collaborating with universities and startups in his incubator.

Mr. Baldini earned a degree in chemistry and worked for blue-chip companies such as Procter & Gamble and Whirlpool before earning an MBA and transitioning into business and operations.

They co-founded and led two technology companies, Livio and Thome, which were acquired by Ford and Valtec in 2013 and 2023, respectively.

FM Capital Managing Partner Chase Fraser spoke at length about what it means to welcome Mr. Sigal and Mr. Baldini to the firm.

Jake and Massimo are providing existing portfolio companies and prospective clients with access to hard-earned insights from financing, expanding and delivering solutions in the automotive space, Fraser said. . Fraser is one of the experts scheduled to attend the 2016 Auto Intel Summit and National Remarketing Conference. April 23-25, Cary, North Carolina

They know what the Motor City wants and needs and can help our portfolio companies adapt to the changing realities of the market, Fraser added.

Key areas of focus include supporting strategy, identifying technology trends and investment targets, and working with portfolio and target companies for technical readiness and due diligence.

In the current environment, it's more important than ever to understand not only what OEMs need, but also how to enable innovation and drive adoption, says FM. Capital Managing Partner Mark Norman said. Jake and Massimos' success in creating and exiting venture-backed companies is highly beneficial to both new investments and existing portfolio companies.

FM Capitals' investments focus on early to mid-stage companies across a wide range of transportation technologies, including automotive commerce, autonomous driving and sensors, connectivity and fleet management, energy transition, and smart mobility.

The company identifies trends, reinvents the movement of people and goods, and partners with teams that redefine how transportation services are delivered and consumed.

FM Capital typically invests between $5 million and $10 million at the Series A stage or first institutional round in companies that provide innovative solutions in the transportation space.

While we have served as special advisor and provided technical due diligence for several years, we believe there is a significant opportunity to leverage the FM Capitals platform for even greater impact, said Sigal. I did.

We expand the playing field for innovative automotive technology companies in Detroit through our experience and network, as well as our ability to bridge the founder-funder gap that can hinder a company's rapid growth and execution. Sigal continued, saying he believes it can be done.

Sources

1/ https://Google.com/

2/ https://www.autoremarketing.com/ar/fm-capital-adds-2-auto-tech-pioneers-as-technology-operating-partners/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]