Fuel Ventures launches its new $63.6M early-stage VC fund, aiming for 60 startups inside 12 months

Fuel Ventures launches its new $63.6M early-stage VC fund, aiming for 60 startups inside 12 months

3 years ago
Anonymous $LNMzUc6XNz

https://techcrunch.com/2021/06/10/fuel-ventures-launches-its-new-63-6m-early-stage-vc-fund-aiming-for-60-startups-inside-12-months/

You may have heard of payments startup Paddle which has raised $93.3m or perhaps Heroes which raised $65M to become the “Thrasio of Europe” but you might not have heard so much about a backer of these startups, Fuel Ventures, at least not yet.

That’s about to change as Fuel Ventures comes out of the door with a new £45million / $63.6 million early-stage focused VC fund, aiming at 60 UK tech startups over the next 12 months. This is quite the pace for an early-stage fund, but Fuel’s founder and managing partner Mark Pearson told me at length how he is confident of making it one of the most prolific early-stage investors in the UK.