
FUSE
Description
FUSE is a prominent venture capital firm based in Seattle, Washington, established in 2020 by a team of experienced investors and operators, including John Connors, Brendan Wales, Kellan Carter, and Cameron Borumand. The firm is dedicated to investing in early-stage software companies, with a strong emphasis on the vibrant Pacific Northwest technology ecosystem. FUSE aims to be a foundational partner for startups, providing not only capital but also strategic guidance and access to a robust network of industry leaders and potential customers. Their localized focus allows for deep engagement with portfolio companies, fostering significant growth and innovation within the region.
FUSE's investment strategy centers on leading or co-leading Seed and Series A rounds. They typically deploy initial checks ranging from $1 million to $5 million, demonstrating a commitment to providing substantial early-stage capital. Beyond the initial investment, FUSE is prepared to support their portfolio companies with follow-on funding, potentially investing up to $10 million over the life of a single company. This flexible approach ensures that promising startups have the necessary resources to scale from inception through critical growth phases. The firm actively seeks out companies that are leveraging cutting-edge software solutions to address significant market opportunities across various sectors.
Since its inception, FUSE has rapidly grown its capital base, reflecting strong investor confidence and a successful investment track record. The firm launched with FUSE Fund I, which closed at $170 million. Building on this momentum, they subsequently raised FUSE Fund II, securing an additional $250 million. This brings their total capital under management to approximately $420 million, positioning FUSE as a significant player in the early-stage venture landscape, particularly within the Pacific Northwest. Their substantial funds enable them to make meaningful investments and provide sustained support to a diverse portfolio of promising software ventures, reinforcing their mission to build enduring companies in the region.
Investor Profile
FUSE has backed more than 46 startups, with 8 new investments in the last 12 months alone. The firm has led 29 rounds, about 63% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada, India.
- Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
- Led 5 rounds in the past year.
- Typical check size: $1M – $5M.
Stage Focus
- Seed (50%)
- Series A (22%)
- Series B (11%)
- Pre Seed (9%)
- Series Unknown (4%)
- Series C (2%)
- Series D (2%)
Country Focus
- United States (80%)
- Canada (15%)
- India (2%)
Industry Focus
- Software
- Artificial Intelligence (Ai)
- Information Technology
- Saas
- Financial Services
- Robotics
- B2b
- E-commerce
- Machine Learning
- Agtech
Frequently Asked Questions
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