Announcing our $250M Fund II

FUSE.vc
2 min readSep 25, 2023

We are grateful to announce our oversubscribed $250M sophomore fund — which will continue to fuel our mission of partnering with emerging software and AI-enabled startups in our own backyard.

Our story began in 2020 when we raised $170M for our inaugural fund. Fast forward to today, and we now have over $420M in committed capital, all aimed at fueling the innovation happening in Seattle and the broader Pacific Northwest, including western Canada. Our support network comes from a strong lineup of Seattle-based software executives, state-affiliated funds, foundations, and universities.

We founded FUSE with a clear vision — that effective early-stage investing is a locally-focused product and that the Seattle and broader PNW ecosystem was underserved, despite there being over 100 unicorns funded in the region over the past decade. Since our inception, the region has continued to gain innovation momentum, particularly with Washington-based Microsoft emerging as the global AI leader.

FUSE’s Limited Partner network is an engaged community, consisting of hundreds of tech operators, most of whom live within twenty minutes of our office. This proximity provides our FUSE portfolio founders with direct network access and a more personal experience as they begin their entrepreneurial journeys.

We have the energy and determination to provide a world-class experience and go the distance with founders looking to raise capital. Our current investment portfolio includes 31 startups, spanning vertical software to machine learning applications, such as Zuper, which automates field services workflows for businesses, and WellSaid Labs, the go-to Enterprise choice for AI-created voices.

With the new fund and capital, FUSE is set to continue our mission of supporting the next generation of B2B technology entrepreneurs. We will lead Pre-Seed, Seed, and Series A rounds, with check sizes ranging from $1M to $10M, ensuring that visionary founders have the backing they need to create category-defining businesses of enduring value.

If you’re thinking about starting something new, don’t hesitate to reach out to our team at info@fuse.vc. Together, we’re shaping the future of innovation in the Pacific Northwest and beyond.

Read more here:

Techcrunch: https://techcrunch.com/2023/09/25/vc-firm-fuse-closes-250m-fund-to-invest-in-pacific-northwest-startups/

Geekwire: https://www.geekwire.com/2023/fuse-raises-250m-for-its-second-fund-to-supercharge-more-pacific-northwest-startups/

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FUSE.vc

FUSE is a venture capital firm based in the Pacific Northwest that partners with early-stage software entrepreneurs.