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Fuel Ventures: Closes New Fund, at $63.3M | Fintech InShorts: Latest fintech news, analysis by experts

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Fuel Ventures: Closes New Fund, at $63.3M

By Steve Sam

June 14, 2021

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