FM CAPITAL
FM CAPITAL is a Seed, Series A, Series B and Series C+ fund in the US and Western Europe writing $5M–$15M checks into AI, Enterprise, transportation-tech, aftermarket-services, remarketing, autonomy, robotics, vehicle-connectivity, fleet-management, new-energy, online-retail, mobile-commerce, zero-emission-vehicles and shared-mobility.
- Stages
- Seed, Series A, Series B, Series C+
- Sectors
- AI, Enterprise, transportation-tech, aftermarket-services, remarketing, autonomy, robotics, vehicle-connectivity, fleet-management, new-energy, online-retail, mobile-commerce, zero-emission-vehicles, shared-mobility
- Check size
- $5M–$15M
- Invests in
- US-wide, Western Europe
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2011
- Assets under management
- $500M+
- Website
- fmcap.com
Thesis
FM Capital is a venture capital firm established in 2011, headquartered in Boulder, Colorado, with a primary focus on the transportation technology sector. They invest in early to mid-stage companies across North America and Western Europe that are innovating in mobility, aiming to create cleaner, safer, and more efficient transportation solutions. Their investment thesis targets companies reinventing the movement of people and goods, as well as redefining transportation services. Key areas of interest include AI, SaaS for dealership operations, aftermarket services, autonomy, vehicle connectivity, fleet management, new energy transition, online retail, mobile commerce, and zero-emission vehicles. FM Capital seeks companies with strong user loyalty and revenue traction, often writing the first institutional checks. The firm has raised over $500 million in AUM and recently closed Fund IV at $240 million, intending to invest between $5 million and $15 million in over 20 companies. They are known for backing founders and early product development, particularly at the seed stage.
Common questions
Does FM CAPITAL invest at the Seed stage?
Yes. FM CAPITAL lists Seed, Series A, Series B and Series C+ among the stages it invests in.
What check size does FM CAPITAL write?
FM CAPITAL writes $5M–$15M checks.
Where does FM CAPITAL invest?
FM CAPITAL invests in the US and Western Europe.