Fuel Venture Capital announced the launch of their $300 million Flagship Fund II bringing the Miami-based firm’s four funds to $700 Million.
Fuel Venture Capital Flagship II, LP is built upon the success of Flagship Fund I following a refined investment thesis and well-defined proprietary model of Phased Investing.
Fuel Venture Capital is committed to propelling groundbreaking ideas into world-changing companies and democratizing access to the creative economy to shape the future of society. A core team leads the firm’s “founder focused, investor driven” approach with more than 80 years of combined experience in investment banking, wealth management, executive leadership, and entrepreneurship. The fund boasts a portfolio of 33 companies based around the globe across numerous sectors, bringing positive impact to virtually all corners of our modern economy.
Maggie Vo
Institutional investors will be able to participate in Fuel Venture Capital Flagship Fund II, which is aiming to raise $300 million and will target disruptive technology companies that transform how
businesses and consumers transact, consume, work and enjoy their life journey. The fund is primed to invest in seven warehouse companies, all previously backed by Fuel Venture Capital funds, which include Betr, RecargaPay, Soundtrack Your Brand, Curve, CookUnity, AEXLAB and Novopayment. Fuel will continue to find additional disruptive global, tech-driven companies to construct a portfolio across multiple geographic locations, sectors and financing stages.
“This fund will make it easier and more efficient than ever before to access the private markets,” said Maggie Vo, Managing General Partner and Chief Investment Officer of Fuel Venture Capital. “It’s our goal at Fuel VC to democratize the process of investing in private market transactions and this will make it possible.”
Fuel Venture Capital has been one of the most aggressive venture capital firms in Florida since launching in 2017. Fuel identifies innovative founders changing the world, propelling groundbreaking ideas into world-changing companies, and democratizing access to the creative economy to shape the future of society. The firm is a leading early-stage investor in technology and digital companies. With a portfolio of over 33 companies in technology companies across a broad spectrum of areas including FinTech, Marketplace, Enterprise SaaS, Entertainment Tech, Food & Consumer Goods Tech, Sports Tech, Space Tech and more, Fuel is where institutional investors go to diversify their venture capital portfolio.
Jeff Ransdell
Its most recent success story is Terran Orbital, the aerospace, and defense company that is the global leader in small satellites. Terran Orbital was recently listed on the NYSE as $LLAP with a $1.8 billion valuation. Fuel’s most recent deployment made headlines with Jake Paul’s microbetting app Betr which raised a $50 million Series A. In addition, Fuel Venture Capital is a lead investor in Taxfyle, which closed its $20 Million Series B last year. Fuel Venture Capital also invested in cloud-based supply chain platform Tradeshift, smart city infrastructure platform Ubicquia, and construction technology company Eyrus, among others.
“We believe that our latest fund will be a game-changer in the private markets space, offering investors a new level of accessibility, liquidity and transparency,” said Jeff Ransdell, Founding Partner and Managing Director of Fuel Venture Capital. “The diversification of our fund is what sets us apart.”
To learn more about Fuel Venture Capital, visit https://fuelventurecapital.com/