{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/fm-capital-steps-up-automotive-investments-with-new-150m-fund-techcrunch/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"FM Capital steps up automotive investments with new $150M fund – TechCrunch","slug":"fm-capital-steps-up-automotive-investments-with-new-150m-fund-techcrunch","createdLocal":"2021-05-28 14:31:01.842390","publishDate":"2021-05-27 00:00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://techcrunch.com/2021/05/27/fm-capital-steps-up-automotive-investments-with-new-150m-fund/"},"postSummary":{"childMarkdownRemark":{"html":"<p>FM Capital has already made seven investments from the oversubscribed fund, including autonomous vehicle startup Gatik, cloud-based automotive retail platform Tekion and e-commerce startup Revolution Parts.\nFM Capital launched in 2012 with a $40 million fund that invested in auto commerce and dealership technologies as well as other broader retail and enterprise software startups.\nIts second fund, which more than doubled to $90 million, is when FM Capital became an automotive-focused VC interested in auto commerce, autonomy and sensors, connectivity, electrification and shared mobility.\nFM Capital typically invests between $5 million to $10 million in companies with what the partners view as “transformative solutions in transportation” typically at the Series A stage.\nFM Capital has backed a total of 40 companies based in North America, Europe and Tel Aviv.</p>"}}}},"pageContext":{"slug":"fm-capital-steps-up-automotive-investments-with-new-150m-fund-techcrunch"}}}