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13 July 2017

Autotech closes corporate-backed fund at $120m

Corporates including Denso, Mahle and Murata Manufacturing have joined existing backers like BorgWarner and Autoliv to take the ground transport-focused firm's first fund to $120m.

Author: Robert Lavine, News Editor

US-based venture capital firm Autotech Ventures launched its first fund yesterday having raised more than $120m from limited partners including several corporates in the automotive industry.