FinTechFunding

Fuel Ventures: Closes New Fund, at $63.3M

Fuel Ventures Closes New Fund, at $63.3M

  • Fuel Ventures, a London, UK-based pre-seed and early-stage venture capital firm, closed a new fund at $63.6m
  • The new fund plans to back 60 U.K.-based tech startups over the next 12 months
  • Led by Mark Pearson, founder and managing partner, the company is an early stage investor in technology companies in the UK
  • The firm invests in early stage globally scalable marketplaces, platforms, software (SaaS) and transactional technologies
  • The firm, which now has $112m in assets under management, is also opening up a workspace in central London to serve its portfolio
  • Recent notable investments include OnBuy, Capdesk, OutFund, Heroes and Moot Group
Previous article
Grameen America: Extends Partnership with Mambu
Next article
BIS & Bank of England: Launch Innovation Hub London Centre
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Visa and TikTok Launch Creator Card, Enhancing Monetization for Influencers

New financial tool aims to streamline earnings for content creators.Highlights: Visa and TikTok have launched the new Creator...
FinTech

Nium and Coinbase Strengthen Global Stablecoin Settlement Partnership

The collaboration aims to enhance cross-border payments using stablecoins.Highlights: Nium partners with Coinbase to optimize stablecoin settlements.The collaboration...
FinTech

FCA Announces Second Cohort for AI Live Testing Initiative

New phase aims to improve integration of AI in financial services.Highlights: FCA launches second cohort for AI live...
FinTech

Cab Payments Strengthens Case Against Helios Blocking Takeover Bid

Cab Payments contests Helios Investment's actions regarding merger talks.Highlights: Cab Payments accuses Helios of blocking a crucial takeover...