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

Truist Pilots Zelle Bill Payments, Strengthening Digital Banking Services

New pilot program aims to simplify bill payments through Zelle for customers.Highlights: Truist launches pilot program for Zelle...
FinTech

ACI Worldwide Strengthens Payment Solutions with Cloud-Native Platform

New platform enhances support for eight U.S. payment networks.Highlights: ACI Worldwide launches a cloud-native payment platform.The platform supports...
FinTech

LendingClub Rebrands as Happen Bank, Strengthens Digital Banking Services

The transformation aims to enhance customer engagement and streamline services.Highlights: LendingClub officially rebrands to Happen Bank.The rebrand focuses...
FinTech

NatWest Strengthens Venture Banking by Partnering with AWS

Collaboration will enhance digital services for startups and scale-ups.Highlights: NatWest partners with AWS to launch a new venture...