Fuel Ventures Closes New Fund, at $63.3M
- Fuel Ventures, a London, UK-based pre-seed and early-stage venture capital firm, closed a new fund at $63.6m
- The new fund plans to back 60 U.K.-based tech startups over the next 12 months
- Led by Mark Pearson, founder and managing partner, the company is an early stage investor in technology companies in the UK
- The firm invests in early stage globally scalable marketplaces, platforms, software (SaaS) and transactional technologies
- The firm, which now has $112m in assets under management, is also opening up a workspace in central London to serve its portfolio
- Recent notable investments include OnBuy, Capdesk, OutFund, Heroes and Moot Group
