Fuel Ventures

Fuel Ventures is a venture capital firm based in London, established in 2014 by entrepreneur Mark Pearson. The firm specializes in investing in early-stage technology and digital companies, particularly in the sectors of marketplaces, fintech, platforms, and software as a service (SaaS). Fuel Ventures seeks to identify high-potential startups with scalable business models, focusing on those that can achieve substantial growth both domestically and internationally. The firm has invested in over 65 businesses, emphasizing a hands-on approach to nurture extraordinary entrepreneurs and innovative technologies. By fostering an environment of collaboration and support, Fuel Ventures aims to transform visionary ideas into successful enterprises, leveraging deep sector knowledge and an influential network to drive growth and innovation.

Kesli Agolli

Associate

Bhavya Jain

Principal

Bradley Monk

Investment Associate

Shiv Patel

Partner

James Steel

Senior Investment Associate

Mike Stevenson

Principal

Jing Xu

Partner

Past deals in United Kingdom

Supportwave

Seed Round in 2023
Supportwave is an IT support platform that connects businesses with vetted IT engineers for both on-demand and in-person services. The platform allows companies to quickly build and scale remote IT teams, hire talent for long-term contracts, and manage all their IT needs through a single interface. Supportwave addresses the global talent shortage in the IT services market, which is valued at £1.3 trillion, by offering rapid remote support, often within 30 seconds, and on-site assistance across the US and UK. The service is designed to benefit a variety of clients, including small and medium-sized enterprises, managed service providers, and larger enterprises, by providing affordable and efficient IT support while also facilitating employment opportunities for freelance technicians.

healsgood.ai

Series A in 2023
HealsGood/KPI Health is a paradigm-shifting player in the healthcare industry. We aim to harness the power of AI to revolutionize patient experiences and outcomes. By significantly reducing waiting times for primary care physicians, we not only prioritize the well being of patients but also drive down costs for health boards and insurance networks. As a group we have treated and discharged over 100,000 patients on behalf of the UK NHS. Currently we are involved in Ai Health, Telehealth, Telediagnostics and Traditional Healthcare.

Togather

Series A in 2023
Togather is an online marketplace designed to facilitate the booking of independent caterers for various events, both work-related and social. The platform features a growing network of over 150 leading street food suppliers and restaurants in the UK, which allows clients to find a suitable caterer tailored to their specific needs. Users can simply enter their requirements, dates, and preferences, and within minutes, they receive options for ideal caterers. Additionally, Togather provides a comprehensive event management platform that connects users with various suppliers, including food, drinks, staff, florists, and photographers. This service enables clients to obtain quotes, negotiate terms, and finalize bookings efficiently.

Productive Machines

Seed Round in 2023
Productive Machines that enable machining companies to be faster to the best part, first time, in an automated way. Unlike competitors who are stuck in a labour intensive iterative cycle to produce parts. Productive Machines have a digital twin of the physics, mechanics, dynamics, distortion and vibration of the machining process for metal cutting, enabling the company to test millions of parameters in simulation to enhance CAM and Gcode to improve productivity and part quality. Productive Machines is a spin out from the UK Advanced Manufacturing Research Centre (AMRC)

Homemove

Pre Seed Round in 2023
Homemove helps homeowners choose the best estate agents to make the whole process simple and rewarding. Homemove was founded in 2022 and was headquartered in Norfolk, United Kingdom.

Aide Health

Pre Seed Round in 2022
Aide Health is a health technology company focused on enhancing the effectiveness of prescribed care, particularly for individuals with long-term conditions. The company addresses the significant financial burden that chronic diseases place on healthcare systems, with the NHS incurring costs of £50 billion and the US health system facing $1 trillion annually due to these conditions. Aide employs conversational artificial intelligence to foster better self-care and clinical decision-making, particularly for patients managing comorbidities, which occur in over 50% of cases. The platform is designed to strengthen the relationship between clinicians and patients, improving engagement and clinical assessment while helping users manage daily activities and develop positive health habits. Currently, Aide is operational in NHS England, specifically assisting patients with asthma and Type 2 diabetes.

Hammock

Venture Round in 2022
Hammock is a technology platform designed to assist landlords in managing their financial operations effectively. Founded in 2019 by Manoj Varsani and headquartered in London, Hammock combines finance and property technology to streamline the reconciliation of transactions for the property sector. The platform enables landlords and property managers to collect rent, track payments, and maintain accurate bookkeeping while providing real-time insights into their financial performance. By translating individual transaction data into actionable intelligence, Hammock helps users optimize the management of their portfolios, minimizing expenses and enhancing operational efficiency.

Distributed

Venture Round in 2022
Distributed is a software development company founded in 2017 and based in London, England. It offers an on-demand Elastic Team platform that enables clients to collaborate with fully managed, globally distributed teams of skilled software engineers. This approach allows organizations to build and maintain software more efficiently, cost-effectively, and with enhanced visibility. The platform leverages proprietary natural language processing and applied machine learning to streamline project development, ensuring rapid delivery of high-quality products and services. By facilitating access to specialist digital talent, Distributed helps clients navigate the challenges of cost and resource scarcity while fostering innovation and growth.

Quiver

Pre Seed Round in 2022
Quiver is a technology company focused on enhancing the efficiency and sustainability of quick commerce for brands and retailers. It operates a delivery platform that provides emission-less same-day delivery services in London. The platform features a dashboard that allows retailers to monitor inventory levels and integrates fulfillment preferences with a location prioritization algorithm. This technology enables businesses to incorporate delivery options directly into the checkout process, facilitating faster order fulfillment for customers.

Journee

Seed Round in 2022
Journee Ltd is an online travel organizer based in London, UK, established in 2018. The company specializes in offering surprise trips tailored to a pre-defined budget and travel dates. Utilizing artificial intelligence, Journee matches users with destinations that align with their preferences, creating a personalized travel experience. Travelers remain unaware of their destination until they arrive at the airport, adding an element of excitement and spontaneity to their journey. Journee's offerings include a diverse range of locations such as Seville, Lisbon, Thailand, and various cities across Europe. This innovative approach allows customers to enjoy unique travel experiences without the typical hassles of planning and booking.

Togather

Seed Round in 2021
Togather is an online marketplace designed to facilitate the booking of independent caterers for various events, both work-related and social. The platform features a growing network of over 150 leading street food suppliers and restaurants in the UK, which allows clients to find a suitable caterer tailored to their specific needs. Users can simply enter their requirements, dates, and preferences, and within minutes, they receive options for ideal caterers. Additionally, Togather provides a comprehensive event management platform that connects users with various suppliers, including food, drinks, staff, florists, and photographers. This service enables clients to obtain quotes, negotiate terms, and finalize bookings efficiently.

Peckwater Brands

Seed Round in 2021
Peckwater Brands is a provider of delivery franchises aimed at enhancing the operations of existing kitchen operators. The company offers fully-serviced food concepts that encompass branding, platform listings, suppliers, recipes, packaging, staff training, and technology. By analyzing data from food delivery across the UK, Peckwater Brands identifies emerging trends and consumer preferences, helping restaurants adapt to market demands. This strategic approach enables clients to improve their revenue streams and overall performance.

Supportwave

Pre Seed Round in 2021
Supportwave is an IT support platform that connects businesses with vetted IT engineers for both on-demand and in-person services. The platform allows companies to quickly build and scale remote IT teams, hire talent for long-term contracts, and manage all their IT needs through a single interface. Supportwave addresses the global talent shortage in the IT services market, which is valued at £1.3 trillion, by offering rapid remote support, often within 30 seconds, and on-site assistance across the US and UK. The service is designed to benefit a variety of clients, including small and medium-sized enterprises, managed service providers, and larger enterprises, by providing affordable and efficient IT support while also facilitating employment opportunities for freelance technicians.

Distributed

Series A in 2021
Distributed is a software development company founded in 2017 and based in London, England. It offers an on-demand Elastic Team platform that enables clients to collaborate with fully managed, globally distributed teams of skilled software engineers. This approach allows organizations to build and maintain software more efficiently, cost-effectively, and with enhanced visibility. The platform leverages proprietary natural language processing and applied machine learning to streamline project development, ensuring rapid delivery of high-quality products and services. By facilitating access to specialist digital talent, Distributed helps clients navigate the challenges of cost and resource scarcity while fostering innovation and growth.

Capdesk

Series A in 2020
Capdesk ApS operates an equity management platform that aids companies and investors in managing shares and shareholder information. Founded in 2015 and based in Copenhagen, Denmark, with an additional office in London, the platform is designed for companies not listed on the stock exchange, enabling them to administer shares and streamline processes related to shareholder management. Capdesk facilitates the efficient management of cap tables, shareholder registers, and employee shares, allowing businesses to focus on core operations by reducing administrative burdens. It automates updates to cap tables and statutory registers while providing digital solutions for share issuance, transfers, and other equity transactions. By consolidating equity information, Capdesk enhances stakeholder alignment by offering easy access to ownership details, share certificates, option vesting schedules, investment amounts, and current valuations.

Distributed

Seed Round in 2020
Distributed is a software development company founded in 2017 and based in London, England. It offers an on-demand Elastic Team platform that enables clients to collaborate with fully managed, globally distributed teams of skilled software engineers. This approach allows organizations to build and maintain software more efficiently, cost-effectively, and with enhanced visibility. The platform leverages proprietary natural language processing and applied machine learning to streamline project development, ensuring rapid delivery of high-quality products and services. By facilitating access to specialist digital talent, Distributed helps clients navigate the challenges of cost and resource scarcity while fostering innovation and growth.

HowNow

Seed Round in 2019
HowNow is a London-based EdTech startup that connects experts and learners by offering interactive video lessons. It is an online platform that gives everyone the opportunity to learn from experts all over the world. HowNow's live online video classes mean that teachers and students can interact with one another as if they were in the same room. The company has more than 400 experts teaching in 33 countries.

Shift

Seed Round in 2019
Shift is a British technology company founded in 2017, focused on revolutionizing the delivery and logistics sector through its innovative platform. The company offers an on-demand delivery marketplace that connects customers and businesses with independent drivers and vehicle fleets, leveraging smart algorithms to optimize delivery routes and improve efficiency. With approximately 300 employees, Shift operates in multiple countries including the United Kingdom, Ireland, Germany, France, Sweden, Switzerland, and Austria, building a robust network of logistics partners. The company has also established itself as a leader in the relocation services market in Europe through its acquisition of Movinga. Shift's management team comprises experienced professionals from various app-based platforms, enabling the company to scale rapidly and effectively. Its services include online booking and flexible scheduling, catering to both commercial and domestic moving needs, ensuring an economical and reliable experience for customers.

Tutor House

Venture Round in 2019
Tutor House Ltd is a London-based company that offers a comprehensive range of tutoring services through its online platform. Established in 2010, the company provides tailored educational support for students of all ages and abilities. Its offerings include tutoring for A-levels, GCSEs, iGCSEs, homeschooling, common entrance examinations, IELTS preparation, the international baccalaureate program, and university-level tuition. Tutor House also provides options for private, residential, and holiday tuition, allowing students to receive one-off sessions or ongoing support. The company focuses on enhancing students' learning experiences and boosting their self-confidence and motivation to achieve their academic potential.

Real Links

Seed Round in 2019
Real Links Limited specializes in providing white-labeled tools that enhance employee engagement with referral schemes within organizations. Founded in 2017 and based in London, the company offers a platform that allows employees to view and share job openings through email and social media, while also incentivizing participation through leaderboards and rewards. The platform integrates seamlessly with applicant tracking systems, enabling HR teams to leverage their employees' networks for recruitment. By utilizing gamification and AI-driven solutions, Real Links aims to reduce recruitment costs and improve the quality of hires, as referral candidates tend to be more productive and remain with the company longer than those sourced through traditional channels.

Capdesk

Venture Round in 2019
Capdesk ApS operates an equity management platform that aids companies and investors in managing shares and shareholder information. Founded in 2015 and based in Copenhagen, Denmark, with an additional office in London, the platform is designed for companies not listed on the stock exchange, enabling them to administer shares and streamline processes related to shareholder management. Capdesk facilitates the efficient management of cap tables, shareholder registers, and employee shares, allowing businesses to focus on core operations by reducing administrative burdens. It automates updates to cap tables and statutory registers while providing digital solutions for share issuance, transfers, and other equity transactions. By consolidating equity information, Capdesk enhances stakeholder alignment by offering easy access to ownership details, share certificates, option vesting schedules, investment amounts, and current valuations.

Distributed

Seed Round in 2019
Distributed is a software development company founded in 2017 and based in London, England. It offers an on-demand Elastic Team platform that enables clients to collaborate with fully managed, globally distributed teams of skilled software engineers. This approach allows organizations to build and maintain software more efficiently, cost-effectively, and with enhanced visibility. The platform leverages proprietary natural language processing and applied machine learning to streamline project development, ensuring rapid delivery of high-quality products and services. By facilitating access to specialist digital talent, Distributed helps clients navigate the challenges of cost and resource scarcity while fostering innovation and growth.

Real Links

Pre Seed Round in 2018
Real Links Limited specializes in providing white-labeled tools that enhance employee engagement with referral schemes within organizations. Founded in 2017 and based in London, the company offers a platform that allows employees to view and share job openings through email and social media, while also incentivizing participation through leaderboards and rewards. The platform integrates seamlessly with applicant tracking systems, enabling HR teams to leverage their employees' networks for recruitment. By utilizing gamification and AI-driven solutions, Real Links aims to reduce recruitment costs and improve the quality of hires, as referral candidates tend to be more productive and remain with the company longer than those sourced through traditional channels.

Admedo

Venture Round in 2017
Admedo is a self-serve online advertising platform. The admedo platform saves you time and improves the performance of your campaigns, with all the transparency that you need to make clear decisions Admedo was independently founded in the UK, in 2013, by online advertising experts Nick Moutter and Laura Bowen. Now a global company, with offices in the US and Europe, and a multinational team based at their HQ in London, they are all working towards the same goal: a simple, honest, and inclusive future for programmatic advertising. Admedo is the only fully transparent Programmatic Marketing Platform on the market with all the tools needed in one UI at one cost.

Findoc

Seed Round in 2017
Findoc Ltd operates a website that facilitates the booking of appointments with healthcare professionals, enabling patients to easily access information and reviews about healthcare providers in their vicinity. Established in 2015 and based in London, the company addresses the increasing demand for online healthcare appointment scheduling, reflecting contemporary consumer preferences for digital convenience across various sectors. By offering a streamlined platform, Findoc enhances the patient experience, allowing individuals to manage their healthcare appointments similarly to how they would book travel or dining reservations.

Shift

Pre Seed Round in 2017
Shift is a British technology company founded in 2017, focused on revolutionizing the delivery and logistics sector through its innovative platform. The company offers an on-demand delivery marketplace that connects customers and businesses with independent drivers and vehicle fleets, leveraging smart algorithms to optimize delivery routes and improve efficiency. With approximately 300 employees, Shift operates in multiple countries including the United Kingdom, Ireland, Germany, France, Sweden, Switzerland, and Austria, building a robust network of logistics partners. The company has also established itself as a leader in the relocation services market in Europe through its acquisition of Movinga. Shift's management team comprises experienced professionals from various app-based platforms, enabling the company to scale rapidly and effectively. Its services include online booking and flexible scheduling, catering to both commercial and domestic moving needs, ensuring an economical and reliable experience for customers.

HowNow

Seed Round in 2017
HowNow is a London-based EdTech startup that connects experts and learners by offering interactive video lessons. It is an online platform that gives everyone the opportunity to learn from experts all over the world. HowNow's live online video classes mean that teachers and students can interact with one another as if they were in the same room. The company has more than 400 experts teaching in 33 countries.

Runa

Venture Round in 2016
Runa is pioneering a first-of-its-kind payment rail capable of sending and accepting digital value at scale. With Runa, companies can pay the people they serve in any form of digital value, anywhere, instantly. The Runa Network provides a wide range of digital payout types including gift cards, prepaid cards, subscriptions, donations, cryptocurrencies and more. Legacy payment mechanisms struggle to adapt to low-volume, high-velocity transactions both locally and globally, such as sending payouts to gig workers, creators, or sending rewards to customers or employees wherever they are. Runa’s infrastructure and network facilitates payouts to these recipients, helping businesses expand their reach, retain their users while modernizing the way in which they manage and transfer money: instantly, internationally, and free of charge for the senders and the recipient. Runa was established as WeGift in October 2016 by Aron Alexander in London, England.

ExpoCart

Seed Round in 2015
ExpoCart is a UK-based platform designed to streamline the process of hiring and purchasing equipment for exhibition stands. Recognizing the complexities and time-consuming nature of organizing exhibitions, the company provides a one-stop shop that connects exhibitors with a network of trusted suppliers. This innovative approach allows businesses to easily access a wide range of exhibition products, from printed materials to essential equipment, all at competitive prices. By simplifying the procurement process, ExpoCart aims to enhance the experience of exhibitors, enabling them to focus on showcasing their offerings and building connections with customers.

Bidvine

Seed Round in 2015
Bidvine Limited operates an online marketplace in the United Kingdom that connects customers with local service professionals across various sectors, including home care, wellness, events, and learning. Founded in 2014 and based in London, the platform employs artificial intelligence to streamline the process of matching clients with suitable professionals. Users can answer service-specific questions, allowing the platform to generate multiple bids and facilitate comparisons. This service enables clients to find and hire local providers that meet their specific requirements, budget, and timelines, thereby simplifying the task of completing various projects.
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