Fuel is a venture capital firm that invests in ambitious entrepreneurs building market leading companies.
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."
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."
Fuel Ventures led a £1m seed investment into the procurement platform.
"OPPORTUNI will be the playbook for redirecting £225 billion a year to SMEs."
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."
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."
