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FUSE

North America, Washington, United States, Seattle

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does FUSE frequently co-invest with?

Bling Capital
North America, California, United States, San Jose
Co-Investments: 2
Founders' Co-op
North America, Washington, United States, Seattle
Co-Investments: 2
Anthos Capital
North America, California, United States, Santa Monica
Co-Investments: 3
Liquid 2 Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 4
Cercano Management
North America, Washington, United States, Bellevue
Co-Investments: 3
Ignition Partners
North America, California, United States, Los Altos
Co-Investments: 3
N49P
North America, Ontario, Canada, Toronto
Co-Investments: 3
Voyager Capital
North America, Washington, United States, Seattle
Co-Investments: 5
Alpha Edison
North America, California, United States, Los Angeles
Co-Investments: 2

Which angels does FUSE often collaborate with?

HC
North America, California, United States, Los Angeles
Shared Deals: 1
SY
North America, California, United States, San Francisco
Shared Deals: 1
NW
North America, New York, United States, New York
Shared Deals: 1
AS
North America, United States
Shared Deals: 1
BS
North America, United States
Shared Deals: 1
JW
North America, Washington, United States, Seattle
Shared Deals: 1
Dan Lewis
North America, Washington, United States, Seattle
Shared Deals: 2
RH
North America, California, United States, San Francisco
Shared Deals: 1
CT
North America, California, United States, Los Angeles
Shared Deals: 1
JW
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by FUSE?

Quandri

Vancouver, British Columbia, Canada

Quandri is a digital workers for insurance brokers & agencies.

Artificial Intelligence (AI)Industrial AutomationInsuranceInsurTechMachine Learning
Series AJul 16, 2025
Amount Raised: $8,750,852
Pay-i

Redmond, Washington, United States

Pay-i is a technology company.

AppsArtificial Intelligence (AI)FinTechSoftware
SeedMay 21, 2025
Amount Raised: $4,900,000

ElastixAI is developing an AI inference platform designed to optimize how large language models are run.

Series UnknownMay 14, 2025
Amount Raised: $16,000,000
Loti

Seattle, Washington, United States

Loti uses AI technologies to identify unauthorized uses of individuals' likenesses, including deepfakes and impersonations.

Artificial Intelligence (AI)Facial RecognitionMachine LearningPublic Safety
Series AApr 15, 2025
Amount Raised: $16,200,000
freightmate Ai

Bellevue, Washington, United States

Empowering freight forwarders with automation

LogisticsSoftwareSupply Chain Management
SeedJan 30, 2025
Amount Raised: $5,000,000
Gallabox

Perungudi, Tamil Nadu, India

Gallabox is a no-code conversational platform that transforms WhatsApp conversations into actionable insights through its business API.

AppsDeveloper APIsE-Commerce PlatformsSaaS
SeedJan 29, 2025
Amount Raised: $3,500,000
Starcloud

Redmond, Washington, United States

Starcloud is building a network of large data centers in space.

AerospaceSpace Travel
SeedOct 25, 2024
Amount Raised: $11,000,000
Carbon Robotics

Seattle, Washington, United States

Carbon Robotics is an AI-powered farming robotics company enhancing efficiency with precision agriculture tools.

AgTechArtificial Intelligence (AI)RoboticsSoftware
Series DOct 21, 2024
Amount Raised: $70,000,000
Velou

New York, New York, United States

Velou is an AI-powered data enrichment company that enables businesses to create intelligent catalogs that transform customer interactions.

Artificial Intelligence (AI)E-CommerceMarketing Automation
Series UnknownSep 17, 2024
Amount Raised: $5,000,000
Signify

Seattle, Washington, United States

Compliance Management System for Manufacturing

ComplianceManufacturingSoftware
Pre SeedJul 19, 2024
Amount Raised: $2,100,000