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Fuel

Fuel

Venture Capital

Fuel is a venture capital firm that invests in ambitious entrepreneurs building market leading companies.


Recent investments

Pre-Seed
£250K

Fuel Ventures backed the initial close of a pre-seed round intended to accelerate customer acquisition ahead of regulatory deadlines.

"As these requirements become enforceable, studios will need infrastructure that captures AI asset lineage – prompts, models, workflows – automatically, not spreadsheets and best-effort manual processes."
— Casey Milone, CEO and co-founder
Seed
£750K

The funding round was co-led by Fuel Ventures and Concrete Ventures with participation from Antler.

"Facilities management is the invisible backbone of every building – but the technology behind it hasn’t kept up and has lacked the innovation needed. We built Tyten to solve that, working hand in hand with technicians and help desk teams to understand their real challenges."
— Vladimir Pushmin, CEO
Series A
£4.6M

The funding round was led by Mercia Ventures to support the company expansion and product development.

"Law firms are evolving, and technology must evolve with them. Tessaract is built to remove the operational burden — enabling legal teams to work seamlessly across data, finance, and client delivery. With Mercia Ventures’ backing, we’re scaling that capability to more firms across the UK."
— Cherilyn Tan, Founder and CEO
Seed
£500K

The oversubscribed round was led by Fuel Ventures to accelerate growth across the UK and the US.

"As a clinician, I’ve seen how much of our time is swallowed by paperwork and antiquated systems. Synthax is our answer to that – to equip outpatient clinics with the same AI advantages larger institutions enjoy. The gap in this market is enormous, particularly in the US where thousands of independent clinics still lack access to modern tools. This investment will enable us to hire top engineering talent and accelerate our growth across the US and beyond."
— Shaheer Aslam Joiya, CEO and Co-Founder