This excerpt was originally published on Crain’s Detroit Business
In the past three years, Fortino has invested in 27 local early stage companies, first through his role as vice president of Invest Detroit, where he managed the Detroit Innovate and First Step funds, and now as a partner with Houston-based Mercury Fund, which put him in charge of a new Ann Arbor office in November 2014.
Fortino’s first investment, made in 2012 at Invest Detroit, was in Seelio Inc., a maker of career preparation technology. Eighteen months later, he helped sell it to Lenexa, Kan.-based Keypath Education. What started as a social network for college students had morphed into software used by universities’ career services departments.