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Fuel Capital

Venture CapitalActive

Fuel Capital is an early-stage venture firm investing in consumer, business software and cloud/ infrastructure companies.

Burlingame, United StatesFounded 1995fuelcapital.com
103
Investments
8
Exits
$500M
AUM
7.8%
Exit Rate

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Investment Thesis & Strategy

Fuel Capital invests in early-stage consumer, business software, and cloud/infrastructure companies, leveraging its expertise to support innovative ventures across various stages.

Investment Activity

Deals per year over the last 5 years

2
2015
3
2016
3
2017
2
2018
2
2019

Portfolio Companies

Selected investments from their portfolio of 103 companies

A
Airbase
Fintech · Series A, 2019
Active
M
Mercury
Fintech · Series A, 2019
Active
M
Modern Treasury
Fintech · Series A, 2018
Active
L
Loom
SaaS · Series A, 2018
Active
L
Lime
Transportation · Series A, 2017
Active
R
Rippling
SaaS · Series A, 2017
Active
A
Attentive
SaaS · Series A, 2017
Active
N
Notion
SaaS · Series A, 2016
Active
M
MasterClass
Media/Content · Series A, 2016
Active
C
Canva
SaaS · Series A, 2016
Active
F
Figma
SaaS · Series A, 2015
Active
D
Discord
Gaming · Series A, 2015
Active

Notable Exits

CompanyTypeYearValue / Acquirer
KeepTruckinAcquisition2024$3B
CanvaIPO2024$25B
Boom SupersonicIPO2024$6B
ChimeIPO2024$30B
CartaIPO2024$7.4B
MasterClassAcquisition2024$800M
LimeAcquisition2023$300M
HeadspaceAcquisition2021$3B

Frequently Asked Questions

Fuel Capital focuses on Series A, Series B, Series C+ stage investments.

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