Fuel Ventures launches £45m fund for early-stage and pre-seed UK startups
The new vehicle will back more than 60 UK tech-enabled startups and extend support to pre-seed businesses.
Fuel Ventures is an early-stage venture capital firm focusing on tech-enabled businesses and startups. The firm provides capital and support to entrepreneurs across seed, pre-seed, and growth stages.
Fuel Ventures has launched a new £45m investment fund to back over 60 early-stage and pre-seed technology startups across the UK over the next year. The firm aims to address a decline in first-time funding as other investors move towards later-stage rounds. Alongside the fund launch, the firm is opening a central London workspace for its portfolio companies to support hybrid working and collaboration.
Investor perspective
"Since we launched our first fund five years ago the country’s tech ecosystem has gone from strength to strength and evolved into an ecosystem that’s the envy of many around the world. Now is not the time to take the foot of the pedal and say job done. We have a responsibility to invest in the future of the UK tech landscape and build on the strong work done so far. This, for us, means making sure we are providing capital for forward-thinking entrepreneurs and their innovative early stage businesses – even if that means just having an idea or MVP."
Mark Pearson
Managing Partner, Fuel Ventures