Fuse, a Bellevue, Wash.-based early-stage venture capital firm focused on the Pacific Northwest, launched a $250M sophomore fund.
Backed by many of the most high-profile Seattle-based software executives as well as many state-affiliated funds, foundations, and universities, the firm invests in emerging software and AI-enabled startups located in Seattle and the broader Pacific Northwest, including western Canada.
The firm will lead Seed and Series A rounds with check sizes ranging from $1M to $10M.
Founded in 2020 by Kellan Carter, Cameron Borumand, and Brendan Wales, Fuse raised $170M for its inaugural fund and now has over $420M in committed capital.
The firm’s founding team also includes Operating Partners John Connors, the former Microsoft CFO and long-time Ignition Partners Managing Partner, Satbir Khanuja, an early Amazon Executive and founder of DataSphere, and Bobby Wagner, the eight-time pro-bowl linebacker for the Seattle Seahawks.
The firm has invested in 31 startups to date ranging from vertical software to machine learning applications including Zuper, which helps businesses automate their field services workflows, and WellSaid Labs, the enterprise choice for AI created voice.
The strategic LP base includes current and former executives at the Pacific Northwest’s top companies, including Microsoft, Amazon, Nike, Starbucks, Costco, T-Mobile, Avalara, DocuSign, Smartsheet, Icertis and many more. The network includes Eric Sprunk, former Chief Operating Officer of Nike and current Board Director at Seattle-based Nordstrom and Providence Health, and Chris Weber, former Microsoft Corporate Vice President, and current CRO at Gitlab.
FinSMEs
25/09/2023