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

Coinbase Lists First GBP Stablecoin, Expanding Market Options

The new stablecoin aims to enhance trading in the UK market.Highlights: Coinbase has launched the first GBP stablecoin.This...
FinTech

Former Royal Mint Executives Secure Backing for Precious Metals Trading Platform

New platform aims to modernize precious metals trading for investors.Highlights: Former Royal Mint executives launch a new trading...
FinTech

Coastal Bank Partners with Tempo to Strengthen Cross-Border Money Transfers

The partnership aims to enhance international money movement solutions.Highlights: Coastal Bank has partnered with Tempo for improved cross-border...
FinTech

Lloyds Accelerates Homebuying with Fully Digital Service

New platform aims to reduce waiting times for mortgage approvals.Highlights: Lloyds introduces a fully digital homebuying service.Service aims...