Fuel Capital

Venture Capital

Seed stage venture capital firm investing in consumer, SaaS, and infrastructure businesses with early investments in unicorns like Convoy, Flexport, and Weave.

Burlingame, United States · 76+ investments · 79 portfolio companies

Seed
Early Stage
Cloud
Developer Tools
SaaS
Headquarters
Burlingame, United States
Founded
2013
AUM
$550.0M
Portfolio Companies
79
Total Investments
76
Last Investment
Dec 2025
Geographic Focus
United States

Indexed holds 79 portfolio companies and 76 funding rounds for this investor. The full record is or through the API.

Investment Thesis

Backing outsider founders at seed stage in consumer, SaaS, and cloud infrastructure, providing hands-on operational support alongside capital to founders who don't fit the conventional VC mold.

Fuel Capital is a Venture Capital firm based in Burlingame, United States. It has made 76 investments, including D2iQ, R.grid and Wagon. Focus areas include Cloud and Developer Tools.

Portfolio79

Co-investors24

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24 co-investors across 137 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×17 · Accelerator ×4 · Angel Group ×1 · 75 shared rounds

Investment History

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Fuel Capital on Indexed.vc
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