Fuel Capital is a venture capital firm founded in 2013. The firm was established by Brad Silverberg and Chris Howard. Its headquarters is located in San Francisco, California. As of March 2019, the firm has 59 active companies in its portfolio and has sold off its ownership in 36 companies. Its most recent investment was in February 2019 for CTRL-Labs, a startup developing neural interfaces for use in electronic devices.
Fuel Capital focuses on providing funding for companies operating in the field of consumer, infrastructure, and marketplace businesses. The firm specializes in financing companies in the early stage of development.
As of March 2019, the firm has collected a total of $71.5 million throughout two funding rounds and is currently raising capital for its third funding round since July 2018. They announced the close of their third fund, FUEL Fund III, in May 2019, oversubscribed at $75 million. This was up from $25 million for their FUEL Fund I and $46 million in their FUEL Fund II and brought their total assets under management to $146 million at the time of announcement.
FUEL Fund III seeks to improve Fuel Capital's ability to offer marketing and branding services to their portoflio companies and to commit to further supporting their portfolio companies founders.
Fuel Capital's invesment includes Flexport, Katerra, Convoy, Lattice, Clearbit, Figma, Highspot, Notable, Weave, Buoyant, Mesosphere and CTRL-Labs.
Their exits include CTRL-Labs, Julep, URX, CoreOS, NErvana, ScaleFT, KryptonCloud, Mindie, Grove and WillCall.
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Chief Marketing Officer
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