Congress

Money for startups tighter, but still room for quality investments

CongressVCPanel-MAIN_i.jpg
Moderator Hannah Lutz of Automotive News discusses venture capital with panelists Reilly Brennan of Trucks Venture Capital, Nancy Philippart of Belle Michigan and Jessica Robinson of Assembly Ventures. (KPT IMAGES)
September 12, 2023 05:20 PM

DETROIT — Seed funding for automotive startups is harder to come by right now, and investor appetite for risk has been pared back, according to a panel of venture capitalists. But there is still money available for promising technologies with good founders and the right business plans.

Staying current is easy with newsletters delivered straight to your inbox.