Startup City Magazine

Top 6 U.S Deals in Q3 and the People Behind Them

#5 Fisker Automative Inc

The makers of the Karma plug in hybrid car has raised over $100 million, in the latest round of financing outlining the future production plans for its second model by the end of the year.This fund will be used to develop the second-generation of powertrain entering into the markets of China and the Middle East. Further it will also create awareness of the flagship product.

"We're getting closer and closer to the ability to self-fund the development of the Atlantic," Ormisher said. "We should have enough equity on board to announce what we're going to do, how, when, and where."says Tony Posawatz, CEO, as reported by Reuters. He also states this round of financing is an added confidence rise to the company.

#6 Fab Inc

Founded in 2010, the company was originally created as a social network platform, which is currently focusing on daily design inspiration and sales. The valuation of the company is $600 Million.

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