FUEL CAPITAL
FUEL CAPITAL is a Seed fund in the US investing in Developer Tools, Enterprise, Marketplaces, business-software, cloud and consumer-marketplaces.
- Stages
- Seed
- Sectors
- Developer Tools, Enterprise, Marketplaces, business-software, cloud, consumer-marketplaces
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2013
- Assets under management
- $146M
Check size not disclosed
Thesis
Fuel Capital is a seed-stage venture capital firm established in 2013, headquartered in Burlingame, California. The firm focuses on investing in early-stage companies within the consumer, software-as-a-service (SaaS), and infrastructure sectors, primarily across the United States. Their investment thesis centers on consumer marketplaces, developer tools, business software, and cloud/infrastructure businesses. Fuel Capital aims to lead investments and actively collaborates with other funds, adhering to a "Founders First" principle. As of May 2019, the firm reported $146 million in AUM, with Fund III closing at $75 million. Fuel Venture Capital, a related entity, manages approximately $550 million in AUM across five funds as of 2025. While specific check sizes are not detailed, Fuel Venture Capital's historical average check size is around $5.4 million, with maximum checks up to $70 million.
Common questions
Does FUEL CAPITAL invest at the Seed stage?
Yes. FUEL CAPITAL lists Seed among the stages it invests in.
Where does FUEL CAPITAL invest?
FUEL CAPITAL invests in the US.