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Fuel Ventures

Fuel Ventures

Venture Capital

Fuel Ventures is a London-based venture capital firm that invests in pre-seed and seed stage technology companies. The fund has built a portfolio of over 100 businesses since its inception.

Portfolio

42

companies


Portfolio companies

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PHINXT Robotics

PHINXT Robotics provides cloud-based orchestration software for warehouse automation.

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Finalrentals

Finalrentals provides an online car rental web application for local operators.

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Homemove

Homemove connects property buyers, sellers and renters with verified moving services.

MyNestBox

MyNestBox

MyNestBox provides instant property search data for conveyancers to streamline home buying.

Hotel Manager

Hotel Manager

Hotel Manager supplies digital infrastructure and guest applications for the hospitality industry.

Brizy

Brizy

Brizy develops a headless, multi-platform website builder for agencies and web professionals.

S

Searchland

Searchland provides a next-generation platform for property land sourcing.

Aide Health

Aide Health

Aide Health provides a digital platform for managing long-term health conditions.

F

Flowla

Flowla builds digital buying journeys to help revenue teams accelerate business-to-business sales cycles.

S

Studiospace

Studiospace connects major brands with independent marketing and creative agencies through a digital platform.

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NVOR

NVOR provides a national registry and digital validation service for vehicle ownership.

W

Wombat

Wombat runs a micro-investing platform that offers theme-based exchange-traded funds and fractional shares.

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Hammock

Hammock offers automated bookkeeping and banking services for property landlords.

Distributed

Distributed

Distributed provides managed software development teams to enterprise clients.

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Guider

Guider provides a platform for businesses to build, run and scale corporate mentoring programmes.

Arbolus

Arbolus

Arbolus provides a digital knowledge-sharing platform powered by machine learning and natural language processing.

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Monspire

Monspire provides a cashflow management platform to help small businesses predict financial needs.

Bunsen Education

Bunsen Education

Bunsen operates a digital marketplace for school supplies and equipment.

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NerdApp

NerdApp operates a digital marketplace connecting freelance IT technicians with users requiring on demand technical support.

Feast It

Feast It

Feast It builds a digital marketplace connecting event organisers with suppliers.

N

Naytal

Digital healthcare platform connecting women with pregnancy and postnatal experts.

B

Boulevard

Boulevard is a marketplace super seller utilising proprietary software to manage online retail and supply chains.

Beyonk

Beyonk

Beyonk provides an experience booking and marketing platform for the tourism sector.

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HolidayFox

HolidayFox provides a digital booking platform for outdoor camping and tourism.

Creoate

Creoate

Creoate operates a wholesale marketplace that connects independent retailers with sustainable brands.

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The Moot Group

The Moot Group provides e-commerce technology and services for brands to scale online.

OnBuy

OnBuy

OnBuy operates a fair online marketplace that connects independent retailers with consumers.

Volt

Volt

Volt builds an open payments gateway that connects bank accounts across multiple regions.

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OPPORTUNI

A procurement platform connecting small businesses with government tenders.

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Lifted

Lifted provides a care management platform that helps families navigate home care.

ContentCal

ContentCal

ContentCal provides a software platform for content planning, creation, and publishing.

F

Feel

Digital health startup offering clean, high-quality nutritional supplements.

G

Geomiq

Digital B2B manufacturing platform connecting engineers with vetted suppliers.

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Noah

Noah sells curated starter kits packed with essentials for new life endeavours.

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PPC Protect

PPC Protect builds automated security software to prevent digital ad click fraud.

Outfund

Outfund

Outfund provides alternative revenue-based financing to online businesses.

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Heroes

Heroes acquires and scales top performing consumer brands on global marketplaces.

CGHero

CGHero

CGHero operates a collaborative platform connecting companies with global CGI and 3D creative talent.

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Gyana

Gyana provides code-free data science software for businesses.

Chaser

Chaser

Chaser builds cloud credit control software that automates invoice reminders for small businesses.

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Shift

Shift runs an on-demand removals marketplace powered by intelligent driver matching.

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Tutor House

Tutor House operates an online platform that connects students and families with private tutors.


Team

Mark Pearson

Mark Pearson

Founder & Managing Partner

Mark is the founder and CEO of Fuel Ventures. He also invests across several companies, including Prosper, Yavrio, and Groov.

LinkedIn
Oliver Hammond

Oliver Hammond

Oliver is a partner at Fuel Ventures, following roles as an investment director, investment manager, and associate at the firm. He previously spent two years as an investment analyst and senior analyst at SyndicateRoom.

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Tom Hibbard

Principal

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Shiv Patel

Investment Director

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Mike Stevenson


Recent investments

Pre-Seed
£608K

The oversubscribed round was led by Fuel Ventures with participation from multiple VCs and angel networks.

"Robotics automation has become a must for businesses that want to stay competitive in the logistics and manufacturing industries, however, it is still something that only large companies are able to afford. We are changing that and, thanks to our tech, we plan to bring the advantages of robotics automation to many SMEs across Europe in the next couple of years."
— Yanwen Chen, CEO
£100K

The funding round was led by business angel Eamon Tuhami alongside Fuel Ventures and matched by the Development Bank of Wales.

"From Pakistan to Dubai then Poland to Cardiff, this has been a three year journey that started in my home garage fondly known as the ‘Gar-Office’."
— Ammar Akhtar, Founder and Chief Executive
Pre-Seed
£350K

The pre-seed round was led by Fuel Ventures with participation from Oracle VC and angel investors.

"My vision is to significantly improve the home moving process and this funding round is a major step towards achieving that goal. As an ex estate agent, I have witnessed firsthand the issues that can arise in the industry due to poor practices, which can lead to consumers feeling sceptical and negative towards the entire sector."
— Louis O’Connell-Bristow, Co-founder & CEO
Seed
£1.3M

Fuel Ventures led the seed round for the proptech start-up, which will use the capital for team expansion and product launch.

"property lawyers are in tight supply, and many law firms are reluctantly turning away business because they are struggling to recruit new talent. As a result, some law firms are looking at ways to use technology to increase their capacity whilst improving service. By supplying this data instantly, and in a more meaningful format than ever before, we are enabling, for some law firms, a 40% increase in capacity."
— Henry Crosby, Founder and CEO
Seed
£1.0M

The seed round was led by Fuel Ventures to support international expansion and team growth.

"In order for hotels to win in the new world of travel, they will need powerful solutions that work in their favour, and not against them. Existing tech is too expensive, too fragmented and not cut out for the modern world."
— Ajwad Hashim, CEO
Seed
£0

The seed round was led by Fuel Ventures to support team growth and product expansion.

"Deciding to invest into Brizy was easy. They have a world-class product, have a proven track record and business model, a strong team of founders and an exciting lineup of products in the pipeline. Even with the recent slowdown of VC activity we felt confident that Brizy will take the website builder market by storm!"
— Mark Pearson, Founder & Managing Partner
Pre-Seed
£1.0M

The pre-seed round was led by Hambro Perks with backing from Fuel Ventures, 1818 Ventures, and APX.

"Like many people, I know first-hand the frustrations of trying to manage long-term conditions. Our goal is to give both patients and clinicians the tools and insights they need to have better conversations and make more informed treatment decisions together. The pilot in NHS England is our first step towards making Aide available to everyone with chronic illness."
— Ian Wharton, CEO
Series A
£4.6M

Fuel Ventures led the Series A round alongside Second Century Ventures and Ascension Ventures to support the company's growth in the property sector.

"This is a time of great opportunity for both landlords and their accountants. Government changes in the form of MTD for ITSA is a clear signal that the digital future is on its way."
— Manoj Varsani, Founder and CEO
Series A
£8.0M

The follow-on investment will support international expansion and product development.

"We’re thrilled that Downing Ventures has decided to back us in our next chapter. The Downing team offers a lot more than just funding and their expertise in the sector will provide a value-add that will really accelerate our service. With this new funding, we’ll be able to lean into our goal of internationalising and developing our products and communities."
— Callum Adamson, CEO
Series A
$15.0M

Element Ventures led the Series A round with participation from Fuel Ventures and Silicon Valley Bank.

"The traditional model for knowledge sharing lacks innovation and is cost prohibitive to scale. At Arbolus we’re building a platform that breaks that framework and gives professionals more autonomy. We are driven by the mission of making the world’s offline knowledge digitally accessible to a much wider customer base. We want to index the world’s human knowledge and make that widely searchable for the first time"
— Sam Glasswell, CEO and co-founder
Seed
£600K

Fuel Ventures led the pre-seed round to help Monspire launch its cashflow management platform to market.

"Most business owners don’t start their own firm with a desire to spend their time running a finance function. As our study found, it actually distracts them from building their business. With Monspire, we want to give business owners the confidence to grow knowing that their finances are taken care of."
— Ben Gillen, Founder
Seed
€5.0M

The financing round was led by Fuel Ventures with support from Best Nights VC and other institutional and private backers.

"The events industry has been through a defining moment over the last 18 months, and many people wrote off the return to physical events to bet on a digital future. At Feast It, we’re strong believers that the most important moments of your life are created when people come together in person and we can’t wait to be a major part of helping the country get back to what it does best, celebrating."
— Digby Vollrath, Co-Founder and CEO
Seed
£2.2M

Fuel Ventures has backed the marketplace super seller in a seed round joined by several prominent angel investors.

"Dominic is a true entrepreneur – quick thinking, innovative and agile enough to recognise an opportunity and jump on it quickly. We have been so impressed with how he and his team have taken Boulevard to awe-inspiring heights of success in such early days. It’s clear from Boulevard’s unique approach, the building of their own end-to-end supply chain software and their impressive growth that they know how to be the big sellers on these platforms and continually adapting with the times. The decision to invest in Boulevard was an easy one for us: it is set to become a serious player among the world’s fastest-growing marketplaces."
— Mark Pearson, Founder & Managing Partner
Seed
£2.0M

Fuel Ventures backed the seed round to help Beyonk expand connectivity and tooling for tourism operators.

"Latest research shows 67% of global consumers would rather spend money on experiences over things, yet the market is highly inefficient and behind the times with ineffective and clunky tools. Beyonk has created a platform that empowers Experience Providers to excel online and minimise admin and by working with major tourism platforms, we’re able to add more value to businesses to help them attract visitors too."
— Oscar White, CEO
Seed
£5.0M

The seed round was led by Fuel Ventures to support the company in scaling its e-commerce technology platform.

"During the pandemic, we have seen interiors become the new fashion, with people investing in their homes instead of their clothes. The growth in demand is astonishing and shows no sign of slowing. This investment from Fuel Ventures, marks the next step in our journey to scale and help other ecommerce brands to do the same."
— Nick Moutter, Founder & CEO
Seed
£35.0M

The £35m round features backing from Bring Ventures, Fuel Ventures, and other strategic investors.

"I created OnBuy to provide something unique: a clear, level playing field – and in our 4 years of rapid growth, it’s clear to see that this is a model that works to everyone’s advantage."
— Cas Paton, CEO
Series A
£16.8M

EQT Ventures led the financing round alongside participation from Augmentum Fintech and Fuel Ventures.

"Instant payments are set to dominate the global payments landscape and will become the new normal. It’s an exciting time to be in payments, and we are delighted to have secured such a significant funding round, and the backing of an influential group of investors. We look forward to working with our new partners at EQT Ventures as we build out our global vision."
— Tom Greenwood, CEO
Series A
£4.4M

The London based care technology start up has raised Series A capital from Fuel Ventures and other backers to develop its home care platform and dementia services.

"In the last year, the number of people caring for loved ones has dramatically increased. At Lifted we believe no one should care alone. We are unique in revolutionizing the experience of care for the whole family and for Carers, enabling families to live great lives even in the toughest of times. In 12 months, we have tripled revenue, launched the first App in the world to offer free care advice, and cut Carer churn to half the industry average, all while maintaining exclusively 5 star reviews on Trustpilot."
— Rachael Crook, CEO
Series A
£5.0M

The Series A round was led by Guinness Asset Management and will support the company's enterprise growth and product development.

"The workforce of the future is on-demand, adaptive, and independent. Distributed is here to enable those independent careers with more benefits than permanent employment, and to ensure that our customers can access high quality, motivated talent effortlessly with our enabling technology. This will see businesses building with smaller, more specialised core teams, supported by an Elastic™️ Workforce of experts that can be deployed to tackle any software goal in support of our customer’s missions."
— Callum Adamson, CEO
Series A
£4.5M

The investment round was backed by Fuel Ventures and Guinness Asset Management to fund team expansion and product development.

"We have seen unprecedented demand for our content marketing collaboration platform over the last 12 months. This investment puts the business in an incredible place to expand our team, invest further in product innovation and deliver on our mission to become the leading content marketing suite for SMEs globally."
— Alex Packham, Founder and CEO
Series A
£4.5M

Fuel Ventures led the Series A round for the digital health startup, which plans to expand across EMEA and target new product verticals.

"”We’re excited to be supporting Feel’s vision of being a global brand that is committed to the wellness and health of everyone. The growth and the expansion of Feel’s product line present a really exciting time for Feel and we are supporting them in becoming a significant disruptor to the health supplement market.”"
— Mark Pearson, Founder & Managing Partner
Seed
£2.9M

The seed funding round was led by Samaipata with participation from Sova VC, Fuel Ventures, Tekton Ventures, and Eka Ventures.

"Geomiq is perfectly positioned at the forefront of a digital revolution within the manufacturing industry, and has an extremely talented and mission-driven team looking to solve a problem they faced personally as engineers. The team here at Samaipata are thrilled to support Geomiq on their quest to build the world's best and most sustainable manufacturing supply chain."
— Jose Del Barrio, Founding Partner
Seed
£1.4M

The funding round was led by Fuel Ventures with backing from angel investors.

"For the past two years, noah has brought convenience, quality and confidence to thousands of customers, and we are thrilled to have been able to journey with them on some of life’s most important ‘firsts’. We are continuously looking at how we can grow as a brand, all the while making our customers’ lives that little bit easier, and this funding will be key in taking the business to the next level. We are looking forward to expanding all areas of the business and bringing new products to market, as consumers continue to embrace the convenience that D2C shopping brings"
— Moritz Braatz, CEO and co-founder
Series A
£4.4M

Fuel Ventures led the Series A round to help the expert knowledge platform scale its operations.

"Having the right information gives you a competitive edge but the typical means of engaging with experts through one hour calls alone is failing to deliver value. These interviews are usually held by a single department and their findings end up lost in PowerPoint presentations or reports. Therefore, companies are only building up a short-term view. We are bringing innovation to the ways companies are working with external experts by using groundbreaking technology to, not just build expertise within organizations, but deliver it in ways that are digestible, searchable and, most importantly, usable for the months and years ahead across different departments."
— Sam Glasswell, CEO and co-founder
Seed
£2.0M

Fuel Ventures led the seed round to help the platform develop new features and expand its product range.

"A majority of people in the UK and Europe aren’t doing enough to save for their future. With banks providing all-time low interest rates, we have seen appetite for investing grow, many feel overwhelmed with the perceived complexity of handling shares. Our goal is to make investing in the stock market relatable and less scary. With a low starting point of £10, anyone can try it out"
— Kane Harrison, CEO and co-founder
Seed
£2.0M

The seed round was led by Fuel Ventures and will support international expansion.

"Despite the impact of Covid-19, digital ad spend still increased 2.4% in 2020 to a record $332bn2 as consumers turn to the web in their masses to stay informed, in touch and entertained. For fraudsters this is like shooting fish in a barrel. With little effort they can defraud small, independent businesses relying on online ad spend to increase their presences out of tens of thousands pounds a year. We are handling huge volumes of ad traffic to make sure these businesses are protected and with this new investment we can explore how our solution stays one step ahead of more sophisticated ad fraud tactics and expand internationally."
— Neil Andrew, Founder and CEO
Seed
£37.0M

The late seed round included participation from TMT Investments, Force Over Mass, and angel investor Chris Adelsbach.

"As a second time entrepreneur myself, I experienced first-hand the complex, timely and often imbalanced nature of the old-school financing routes. I knew there was another way and so decided to build it. Our ambition is for Outfund to be the place to go to grow your business without compromising your equity or wasting time fundraising. This is why we have spent time developing a way to make the process of securing money for growth easier, fairer and most importantly, faster. Our approach has been warmly received by founders and directors alike and so now we’re looking at how we can open this up to more businesses and continue to be part of their journey to success for a long time."
— Daniel Lipinski, Founder and CEO
Seed
£49.0M

Fuel Ventures and 360 Capital Partners led the seed round for the ecommerce aggregator.

"With a proven business model and two excellent founders in Riccardo and Alessio, Heroes have the requisite tools needed to be the major player within the European FBA ecosystem. From our initial discussions all the way through to leading what is one of the largest seed rounds seen across Europe, we’ve been incredibly impressed by Riccardo and Alessio’s joint vision for the business and their plans to execute. Investing into Heroes was a golden opportunity and we couldn’t be more excited to be a part of their journey going forwards."
— Mark Pearson, Founder & Managing Partner
Seed
£1.0M

Fuel Ventures and Ascension Ventures backed the seed round to support product development.

"The UK is a country of renters with more than £85 billion collected each year. For landlords the time spent trying to manage the monies for more than one property – from rent collection to bookkeeping – can cause headaches. I know this first hand being a landlord myself. We wanted to alleviate this by developing new tech that automates the mundane duties of managing property portfolios and provides instant insight into how well each house or flat is performing. Having this new investment allows us to pursue our vision of reducing uncertainty and providing efficiency to landlords, ultimately helping them maximise profits. These savings in both time and money can then be passed onto the tenants: a win-win for the industry."
— Manoj Varsani, Founder and CEO
Series A
£5.0M

The online marketplace has raised £5m from Fuel Ventures and other investors to fund a rollout across 140 new territories.

"The injection of this additional funding not only allows us to substantially grow the operational side of the business, but it gives the OnBuy team backing from phenomenal investors who can bring an array of eCommerce experience and expertise to the table, bolstering an already strong globalisation strategy."
— Cas Paton, CEO
Seed
£890K

The seed round was led by Fuel Ventures with backing from Epiphany Capital and angel investors to support international expansion and product development.

"The demand for increasingly more realistic and content-rich productions, especially in games and film projects, has put a huge strain on resourcing. Vast armies of skilled talent are required to produce worlds of immersive content. Finding and retaining that talent has become a huge challenge."
— Jonathan Lloyd, CEO
Series A
£3.0M

The funding round was led by Fuel Ventures to support the expansion of ChaseAcademy and product development.

"We’re excited to have joined Chaser on their journey as they continue to deliver effective and ground-breaking Cloud Credit Control. They have already established themselves as a market leader and with the introduction of ChaseAcademy, will only continue to innovate the Cloud Accounting landscape. They have a very exciting future ahead of them and we are thrilled to be a part of it."
— Mark Pearson, Founder & Managing Partner
Series A
£2.5M

Fuel Ventures led the Series A financing for the on-demand removals platform.

"My first company was a 'man and van' removals service. I started the business when I was just 17 years old and built it from the ground up, but as disruptive apps and companies like Uber, Airbnb and Deliveroo began to gain popularity, I saw that my customers' expectations were changing. I decided to apply the same business model to the removals market, and that's where Shift started."
— Jacob Corlett, Founder
Seed
£2.0M

Fuel Ventures has backed the online tutoring platform in a £2m seed round.

"Our company is run by education specialists and tutors, with years of experience. We’re on a mission to change the way students and parents find trusted and qualified tutors. We want to return autonomy to tutors, tutees, and families, to make tutoring affordable for, and accessible to, the people that need it the most. That’s not a big ask, and we’re well on our way to making that happen."
— Alex Dyer, Founder