MI’s Augment Ventures Announces First Investment

7/25/11Follow @XconomyDET

Augment Ventures, a new early-stage venture capital fund in Ann Arbor, MI, today announced it has closed its first round of funding and made its first investment in Aperia Technologies, a cleantech company developing an automatic tire inflation device for trucks.

“Augment, which has an overall fund goal of $20 million, will invest in transformational cleantech and IT companies with high caliber and passionate teams,” said Sonali Vijayavargiya, Augment Ventures’ founder and managing director.

Augment will be working closely with the San Francisco-based Aperia Technologies to recruit local fleet operators in Michigan to participate in their nationwide on-road testing program.

Sarah Schmid is the editor of Xconomy Detroit. You can reach her at 313-570-9823 or sschmid@xconomy.com. Follow @XconomyDET

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