Fuel Capital

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

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2025	Dedalus Labs	$500K Seed	—	10100, Pioneer Fund, Predictive VC, Soma Capital, Y Combinator, Kulveer Taggar
Sep 1, 2025	The Interaction Company of California	$15.0M Seed	—	10100, 8VC, Adverb Ventures, Alchemy Ventures, Anti fund, BoxGroup, Contrary Capital, Foundation Capital, Founders Fund, General Atlantic, General Catalyst, Giant Ventures, Green Bay Ventures, Greylock, Khosla Ventures, LGF, Lux Capital, Menlo Ventures, Paradigm, Pareto Holdings, Pioneer Fund, Predictive VC, Sequoia Capital, SignalFire, Signia Venture Partners, Soma Capital, Stellar Capital, Susquehanna Capital, SV Angel, The House Fund, Thrive Capital, Venture Highway, WndrCo LLC, Y Combinator, Bradley Horowitz, Chafic Kazoun, Cory Levy, Drew Houston, Dylan Field, Guillermo Rauch, John Collison, Ken Howery, Kulveer Taggar, Lisa Dolan, Mark Pincus, Patrick Collison, Saki Georgiadis, Scott Belsky, Shishir Mehrotra, Teddy Citrin
Sep 1, 2025	Nozomio	$6.0M Seed	—	Alpha Intelligence Capital, Alumni Ventures, Bessemer Venture Partners, GFT Ventures, Heroic Ventures, Mana Ventures, Menlo Ventures, Akriti Dokania, Scale Asia Ventures, Y Combinator, Eoghan McCabe, Joshua Schachter, Kulveer Taggar, Paul Graham, Siqi Chen
Sep 1, 2025	Mamedica	$6.0M Seed	—	Alt Capital, Better Tomorrow Ventures, Casa Verde Capital, Insight Partners, Rackhouse Venture Capital, Sequoia Capital, Leah Busque, Sam Altman
Sep 1, 2025	Prelude	$16.0M Venture Round	—	Alt Capital, Better Tomorrow Ventures, Casa Verde Capital, Insight Partners, Rackhouse Venture Capital, Sequoia Capital, Leah Busque, Sam Altman
Aug 1, 2025	Oway	$4.0M Seed	—	10100, Alumni Ventures, Comal Ventures, Day One Ventures, Family Office, Glade Brook Capital Partners, Gradient Ventures, Maple VC, Jonathan Golden, OpenCapital.vc, Pioneer Fund, Predictive VC, Runa Capital, Soma Capital, Summit Partners, Y Combinator, Alexander Zhuravlev, Alex Zhuravlev, Dharmesh Shah, Diego Oppenheimer, Furqan Rydhan, Hubert Thieblot, Jean Charles Samuelian, Kulveer Taggar, Mathilde Collin, Oliver Jung, Paul Graham, Pete Koomen, Sahin Boydas, Sergei Anikin, Tom Blomfield
Aug 1, 2025	Central	$9.0M Seed	—	10100, First Round Capital, Peak State Ventures, Pioneer Fund, Predictive VC, Soma Capital, Y Combinator, Kulveer Taggar, Oliver Jung
Jul 1, 2025	PlayerZero	$5.0M Seed	—	645 Ventures, 8VC, Abstract Ventures, Bennett Siegel, Kevin Hartz, Adverb Ventures, Alchemy Ventures, Alt Capital, Ben Taft's Genius Ventures, Citi Ventures, Craft Ventures, DFJ, DST Global, Expa, Felicis Ventures, First Round Capital, Forerunner Ventures, Foundation Capital, Foundry Group, Green Bay Ventures, Greylock, High Alpha, Intel Capital, LGF, Liquid 2 Ventures, Maniv Mobility, Matrix, Maverick Capital, Nyca Partners, Radical Ventures, Scribble Ventures, Seven Seven Six, SignalFire, South Park Commons, SV Angel, Thayer Ventures, Thrive Capital, Toyota Ventures, Two Sigma Ventures, Uncork Capital, Underscore VC, Weekend Fund, WndrCo LLC, Y Combinator, Amjad Masad, Austin Ogilvie, Chris Bennett, Daniel Kan, Deborah Liu, DJ Patil, Drew Houston, Dylan Field, Eric Futoran, Evan Moore, Fidji Simo, Guillaume Luccisano, Guillermo Rauch, Howie Liu, Jacob Kerzner, Jason Kay, Justin Mateen, Kevin Lin, Marc Benioff, Mark Pincus, Mike Abbott, Mike Liu, Mike Vernal, Nate Matherson, Nitay Joffe, Prescott Watson, Quinn Slack, Shishir Mehrotra, Stewart Butterfield, Tobias Lutke, Yan-David Erlich
Jun 1, 2025	Outset	$17.0M Series A	—	8VC, Adverb Ventures, Alt Capital, Antiportfolio Ventures, Ben Taft's Genius Ventures, Craft Ventures, First Round Capital, Freestyle Capital, Harlem Capital, LGF, Matrix, Soma Capital, Weekend Fund, Y Combinator, Daniel Kan, Guillaume Luccisano, Nate Matherson
Jun 1, 2025	Morphik	$500K Seed	—	Alt Capital, Haystack, Y Combinator
May 1, 2025	StarSling	$500K Seed	—	Maple VC, Kulveer Taggar, Paul Graham
Mar 1, 2025	Truffle AI	$500K Seed	—	8VC, Adverb Ventures, Alt Capital, Ben Taft's Genius Ventures, Craft Ventures, First Round Capital, LGF, Matrix, Weekend Fund, Y Combinator, Daniel Kan, Guillaume Luccisano, Nate Matherson
Feb 1, 2025	Moderne	$30.0M Series B	—	11.2 Capital, Acrew Capital, Andreessen Horowitz, Dell Technologies Capital, EQT Ventures, Initialized Capital, Intel Capital, Mango Capital, Night Capital, Redpoint Ventures, Step Function VC, True Ventures, Jason Katzer, Sam Lambert
Dec 1, 2024	Boom Supersonic	$100.0M Series A	—	American Express Ventures, Breakthrough Energy Ventures, Buckley Ventures, Celesta, Conviction Partners, Cowboy Ventures, Draper Associates, Electric Capital, Greenoaks Capital, Greylock, GSV Acceleration, GSV Ventures, Helium-3 Ventures, Jude Gomila Rolling Fund, KAAN Ventures, Kleiner Perkins, Lightbank, LombardStreet Ventures, Maple VC, Pillar VC, Prime Movers Lab, Saga, Salesforce Ventures, UpHonest Capital, Greg Brockman, Kulveer Taggar, Louis Beryl, Matt Bellamy, Mattia Astori, Michael Moritz, Paul Graham, Sahin Boydas, Sam Altman, Tom Blomfield
Dec 1, 2024	one.bio	$27.0M Series A	—	Acre Venture Partners, Alpha Edison, Amplify.LA, Banana Capital, Fika Ventures, FirstMark Capital, M13, Jacob Afriat, Leah Busque
Nov 1, 2024	Arcade	$14.0M Series A	—	AirAngels, Andreessen Horowitz, Base Partners, C2 Investment, Coatue, Daffy, Electric Capital, Foundation Capital, Greylock, Index Ventures, IVP, Kleiner Perkins, LGF, Next Play Ventures, Otherwise Fund, Outcast Ventures, Robert Bosch Venture Capital, Sequoia Capital, Soma Capital, Upfront Ventures, UpHonest Capital, Alex Kayyal, Allison Pickens (Allison Pickens Ventures), DJ Patil, Kevin Colas, Mike Krieger
Nov 1, 2024	Tourlane	$26.0M Series D	—	AirAngels, Andreessen Horowitz, Base Partners, C2 Investment, Coatue, Daffy, Electric Capital, Greylock, HV Capital, Index Ventures, IVP, Kleiner Perkins, LGF, Next Play Ventures, Otherwise Fund, Outcast Ventures, Picus Capital, Robert Bosch Venture Capital, Sequoia Capital, Team Global, UpHonest Capital, Christopher Muhr, DJ Patil, Kevin Colas, Mike Krieger, Peter Rive, Robert Gentz, Rubin Ritter, Thomas Griesel
Oct 1, 2024	Cartage	$2.0M Seed	—	Accel, Alt Capital, Andreessen Horowitz, Benchmark, Buckley Ventures, First Round Capital, Haystack, Khosla Ventures, LGF, Maple VC, Next Play Ventures, Open AI Startup Fund, Y Combinator, Arash Ferdowsi, Gokul Rajaram, Justin Mateen, Kulveer Taggar, Paul Graham, Ralph Gootee, Tom Blomfield, Tracy Young
Oct 1, 2024	Pharos	$5.0M Seed	—	Allos Ventures, AV8 Ventures, B Capital Group, Convective Capital, Felicis Ventures, General Catalyst, High Alpha, Lightspeed India Partners, Mango Capital, Maple VC, Moxxie Ventures, NextView Ventures, Powerhouse Ventures, SignalFire, SNR, Y Combinator, Ade Olonoh, Bradley Horowitz, Curtis Lee, Jon Gelsey, Leah Busque, Paul Graham, Pratyus Patnaik, Tim Kendall, Tom Blomfield
Oct 1, 2024	Hue	$5.0M Seed	—	Fika Ventures, Glasswing Ventures, Mosley Ventures, Phoenix Fund, Signal Peak Ventures, Social Starts, Two Sigma Ventures, Underscore VC, Arteen Arabshahi, Jon Hallett, Leah Busque
Sep 1, 2024	Bloks, Inc.	$2.0M Seed	—	Catapult Capital, DST Global, Frederique Dame, Logos Labs, M13, Scribble Ventures, Sound Ventures, Tiger Global Management, Chris Herd, Deborah Liu, Ron Pragides, Tim Kendall
Jul 1, 2024	Freshpaint	$31.0M Series B	—	7wire Ventures, Allos Ventures, Andreessen Horowitz, AV8 Ventures, General Catalyst, Geodesic Capital, High Alpha, Intel Capital, Kinnevik, Moxxie Ventures, SignalFire, SNR, The House Fund, Threshold Ventures, Ade Olonoh, Bradley Horowitz, Curtis Lee, Leah Busque, Peter Sonsini, Tim Kendall
Jun 1, 2024	GPTZero	$10.0M Series A	—	Alt Capital, Alumni Ventures, Andreessen Horowitz, Contrary Capital, Drive Capital, Footwork, Founders Fund, Goodwater Capital, Haystack, IrishAngels, Motivate Ventures, NextView Ventures, Sequoia Capital, Uncork Capital, Vista Venture Partners, Y Combinator
Jun 1, 2024	Astrocade	$12.0M Seed	—	Alt Capital, Anorak Ventures, FJ Labs, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, MaC Venture Capital, Mayfield, Meritech Capital Partners, Norwest Venture Partners, SignalFire, Sutter Hill Ventures, The Venture Reality Fund, Y Combinator, Zeno Ventures, Eric Wu, Gordon Wintrob, James Beshara, Kyle Vogt, Leah Busque, Mike Abbott
May 1, 2024	ZeroMark	$7.0M Seed	—	Kevin Hartz, Andreessen Horowitz, Anorak Ventures, Banana Capital, Bessemer Venture Partners, BoxGroup, Jenny Fielding, Scott Hartley, Firstminute Capital, Forerunner Ventures, Ground Up Ventures, Immeasurable, LGF, Long Journey Ventures, Ludlow Ventures, Octopus Ventures, Pareto Holdings, REMUS Capital, Seaside Ventures, Shrug Capital, Sound Ventures, Spark Capital, Streamlined Ventures, Supercharge.vc, Trammell Venture Partners, True Ventures, Visible Ventures, Volt Capital, Winklevoss Capital, Austin Ogilvie, Balaji Srinivasan, Claire Novorol, Evan Moore, Griffin Johnson, Haroon Mokhtarzada, Leah Busque, Logan Paul, Marc Baghadjian, Moshe Lifschitz, Scott Banister, Scott Belsky, Stephen Cole, Steve Aoki, Tom Blomfield, Tom Foster-Carter, Victoria van Lennep, Will Herman, Zachary Rapp

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Fuel Capital.

Leadership Team

Key people at Fuel Capital.

Deep Dive

High-Level Overview

Fuel Capital is an early-stage venture capital firm focused on investing in consumer, business software (SaaS), and cloud/infrastructure companies. Their mission centers on partnering with visionary founders to provide not only capital but also strategic guidance and operational support to accelerate growth. The firm invests primarily at seed and early stages, targeting sectors such as software, big data, enterprise software, e-commerce, fintech, and cloud infrastructure. Fuel Capital has made over 135 investments with 24 successful exits, demonstrating a strong track record in nurturing startups that address critical business and consumer technology needs. Their impact on the startup ecosystem lies in their hands-on approach, combining capital with mentorship and network access to help companies scale effectively[1][3].

Origin Story

Founded in 2013 and based in the San Francisco Bay Area, Fuel Capital was established by a team of experienced entrepreneurs and operators who understand the challenges of building successful businesses firsthand. Key partners include Mark, an award-winning digital entrepreneur with multiple exits, and Michael, who brings expertise in early-stage investing and international investor relations. The firm evolved to focus on seed and early-stage investments in high-growth tech startups, leveraging the founders’ operational experience and investor networks to support portfolio companies beyond funding. This foundation has allowed Fuel Capital to build a diverse portfolio across North America and Europe, emphasizing consumer, SaaS, and infrastructure sectors[1][3].

Core Differentiators

Unique Investment Model: Focus on seed and early-stage rounds with a hands-on, founder-centric approach.
Network Strength: Strong connections across Silicon Valley and international markets, providing portfolio companies with access to resources, follow-on capital, and strategic partnerships.
Track Record: Over 135 investments and 24 successful exits, indicating a proven ability to identify and grow promising startups.
Operating Support: The team comprises entrepreneurs and operators who actively mentor founders, offering tailored guidance on growth, fundraising, and scaling challenges[1][3].

Role in the Broader Tech Landscape

Fuel Capital rides the wave of rapid digital transformation, particularly the shift toward cloud infrastructure, SaaS adoption, and consumer technology innovation. The timing is favorable due to increasing enterprise reliance on cloud services and software solutions that enhance efficiency and customer engagement. Market forces such as the rise of remote work, digital commerce, and AI integration create fertile ground for Fuel Capital’s portfolio companies to thrive. By backing early-stage ventures in these sectors, Fuel Capital influences the broader ecosystem by accelerating innovation cycles and helping shape the future of software and infrastructure technologies[1].

Quick Take & Future Outlook

Looking ahead, Fuel Capital is well-positioned to capitalize on emerging trends like AI-powered SaaS, cloud-native infrastructure, and consumer tech innovations. Their continued focus on early-stage investments combined with deep operational support suggests they will maintain and possibly expand their influence in the venture ecosystem. As digital transformation accelerates globally, Fuel Capital’s role in identifying and nurturing disruptive startups will likely grow, reinforcing their reputation as a key early-stage partner for high-potential technology companies[1][3].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focus on seed and early-stage rounds with a hands-on, founder-centric approach.
Network Strength: Strong connections across Silicon Valley and international markets, providing portfolio companies with access to resources, follow-on capital, and strategic partnerships.
Track Record: Over 135 investments and 24 successful exits, indicating a proven ability to identify and grow promising startups.
Operating Support: The team comprises entrepreneurs and operators who actively mentor founders, offering tailored guidance on growth, fundraising, and scaling challenges[1][3].