London-based Fuel Ventures, a firm that claims to be one of the UK’s prolific early-stage tech VCs, announced on Thursday a new £100M (nearly €115.76M) investment fund to back tech startups in seed and pre-seed rounds to step up its investments in the UK tech ecosystem.
The new fund will be distributed over the following 12 months to more than 60 of the UK’s fast-growing startups in software (SaaS), marketplaces, finance platforms, and ecommerce.
“Backing disruptive and ambitious founders”
Fuel Ventures, managed by serial entrepreneur and investor Mark Pearson, has invested in 140 startups from seed to series A round to date with £180M put over five years. Currently, the firm has nearly £350M in assets under management.
Some of its investments include Volt Capdesk – which exited for $88M, Peckwater Brands – which builds data-driven, delivery-only food brands for restaurants, ecommerce marketplace OnBuy, and click-fraud fighter Lunio.