Back in August we interviewed Ann Arbor startup Seelio.. The company helps college students highlight their academic, extra curricular, culture and social lives in conjunction with the job hunt.
Seelio was just announced as one of four Michigan startups that took part in the latest funding round from the Michigan Pre-Seed Capital Fund. The fund is a collaborative effort of Michigan’s smart zones to help support startups. To date the fund has helped 83 startups with 19 million dollars in funding.
“It’s exciting to see how Michigan Pre-Seed Capital Fund companies use the investments to drive growth; the Michigan Pre-Seed Capital Fund makes a measurable, positive impact on a start-up’s chance of success in the state,” said Skip Simms, manager, Michigan Pre-Seed Capital Fund and senior vice president of Ann Arbor SPARK. “Early funding recipients, like Compendia Bioscience, have gone on to achieve significant success, including expansion, hiring and attracting marquee clients. The four early stage companies funded this round are using the award to attract additional outside funding and get solidly on that path to success.”
The four companies recently awarded Michigan Pre-Seed Capital Fund investment are Fusion Coolant Systems, Local Orbit, New Eagle Products, and Seelio. Fusion Coolant Systems is innovating an advanced coolant and lubrication system for use in manufacturing that increases production rates and tool life. Local Orbit provides e-commerce and business management tools for the “new food economy”. New Eagle offers controls system solutions including tools, products, and services. Seelio is commercializing its online platform that empowers college students to showcase their work and skills to startups.
Michigan Pre-Seed Capital Fund companies have attracted more than $25.5 million in matching grant and equity funds. Combined, Michigan Pre-Seed Fund investments have helped to create more than 43 net new jobs in Michigan.