TLDR:
- Integrated automotive services organization Holman has obtained a minority interest in venture capital firm FM Capital.
- Holman is investing in FM Capital’s Fund IV as a limited partner and as a minority general partner.
Holman, an integrated automotive services organization, has acquired a minority interest in venture capital firm FM Capital. This move marks the first time that an automotive services company has obtained a general partner interest in an auto industry venture capital firm. This collaboration comes after nearly a decade of partnership between the two companies.
FM Capital, known for focusing on early- to mid-stage companies, expressed excitement about the partnership with Holman. The founder and managing partner of FM Capital, Chase Fraser, highlighted the alignment of vision and expertise between the two organizations. Holman’s venture capital arm, Holman Growth Ventures, has been making strategic investments and joint ventures with early-stage companies to stay informed about industry changes.
According to Holman Growth Ventures CEO Bill Cariss, the investment in FM Capital represents a significant opportunity to deepen their partnership and align their automotive expertise with a reputable investment firm. The goal is to identify, fund, and scale promising automotive technologies that drive innovation across the industry.
FM Capital managing partner Mark Norman emphasized that Holman’s investment signifies the firm’s readiness to deliver on their mission of scaling transformative companies. The partnership is expected to create valuable opportunities for portfolio companies and limited partners of FM Capital.
