Trending...
- Spokane: 2025 Longitudinal Systems Analysis Shows Decreased Need for Homeless Services, Increase in Successful Exits to Stability
- Tacoma: Applications Now Being Accepted for Four Positions on the Planning Commission
- Impact Filtration Appoints Alejandro Sturniolo as Head of Sustainability to Engineer High-Performance, Water-Positive Infrastructure
BELLEVUE, Wash., Sept. 25, 2023 ~ FUSE, an early-stage venture capital firm based in the Pacific Northwest, has announced the successful launch of its oversubscribed $250M sophomore fund. The firm is backed by many of the most high-profile Seattle-based software executives as well as state-affiliated funds, foundations, and universities.
FUSE was founded in 2020 by three Founding Partners: Kellan Carter, Cameron Borumand, and Brendan Wales. Carter and Borumand were formerly part of Seattle-based Ignition Partners, and Wales spent nine years at San Francisco-based Headline. The firm's founding team also includes Operating Partners John Connors, the former Microsoft CFO and long-time Ignition Partners Managing Partner; Satbir Khanuja, an early Amazon Executive and founder of DataSphere; and Bobby Wagner, the eight-time pro-bowl linebacker for the Seattle Seahawks.
"We are elated to be launching our oversubscribed second fund and thankful for the continued support from our Limited Partners and founders we get to partner with," said Cameron Borumand. "We are fortunate to have some of the most notable names in the PNW as LPs which creates a unique ecosystem for our portfolio companies to garner expertise, customers, and potential future M&A opportunities."
More on Washingtoner
FUSE is focused on investing in startups located in Seattle and the broader Pacific Northwest region including western Canada. The team founded FUSE on the premise 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. With Microsoft emerging as a global AI leader based out of Washington State, FUSE has seen innovation momentum continue to grow in this area.
Eric Sprunk, FUSE Limited Partner and former Chief Operating Officer of Nike commented: "With the entire public cloud flowing through Seattle, there is no team as strong and as prepared as FUSE is to back the emerging technologists coming out of this area."
FUSE's Limited Partner network consists of over one hundred tech operators most of which live within twenty minutes of FUSE's office providing direct community access for FUSE portfolio founders. Chris Weber, another FUSE Limited Partner who is also a former Microsoft Corporate Vice President commented: "The FUSE team knows everybody here...Most venture firms get weaker as they get bigger. FUSE is the opposite."
More on Washingtoner
The firm has invested in 31 startups ranging from vertical software to machine learning applications including Zuper which helps businesses automate their field services workflows; WellSaid Labs which provides enterprise choice for AI created voice; Icertis which uses AI to transform contracting; among others. Samir Bodas CEO & Co-Founder at Icertis said: "This team is relentless and hyper focused on winning with a founder first mindset."
With its new fund & capital FUSE will continue investing in B2B technology entrepreneurs building category defining businesses with check sizes ranging from $1M - $10M leading Seed & Series A rounds. Interested parties can reach out to them at .
FUSE was founded in 2020 by three Founding Partners: Kellan Carter, Cameron Borumand, and Brendan Wales. Carter and Borumand were formerly part of Seattle-based Ignition Partners, and Wales spent nine years at San Francisco-based Headline. The firm's founding team also includes Operating Partners John Connors, the former Microsoft CFO and long-time Ignition Partners Managing Partner; Satbir Khanuja, an early Amazon Executive and founder of DataSphere; and Bobby Wagner, the eight-time pro-bowl linebacker for the Seattle Seahawks.
"We are elated to be launching our oversubscribed second fund and thankful for the continued support from our Limited Partners and founders we get to partner with," said Cameron Borumand. "We are fortunate to have some of the most notable names in the PNW as LPs which creates a unique ecosystem for our portfolio companies to garner expertise, customers, and potential future M&A opportunities."
More on Washingtoner
- New Global Standard for Transparency Across Critical Resources and Energy Markets: SMX (Security Matters) PLC (N A S D A Q: SMX)
- Forced Psychiatric Hospitalization Fails Vulnerable People: CCHR Urges Repeal Amid Rising U.S. Policies
- Surging Into High-Performance AI With $AMD Partnership, Patent Expansion, and Strengthened Balance Sheet: Avalon GloboCare Corp. (N A S D A Q: ALBT)
- Kiko Nation Launches Mobile App to Modernize Livestock Management and Digital Animal Registry
- NEW MANAGEMENT BOOK: Creating a Joy-Centric Culture
FUSE is focused on investing in startups located in Seattle and the broader Pacific Northwest region including western Canada. The team founded FUSE on the premise 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. With Microsoft emerging as a global AI leader based out of Washington State, FUSE has seen innovation momentum continue to grow in this area.
Eric Sprunk, FUSE Limited Partner and former Chief Operating Officer of Nike commented: "With the entire public cloud flowing through Seattle, there is no team as strong and as prepared as FUSE is to back the emerging technologists coming out of this area."
FUSE's Limited Partner network consists of over one hundred tech operators most of which live within twenty minutes of FUSE's office providing direct community access for FUSE portfolio founders. Chris Weber, another FUSE Limited Partner who is also a former Microsoft Corporate Vice President commented: "The FUSE team knows everybody here...Most venture firms get weaker as they get bigger. FUSE is the opposite."
More on Washingtoner
- QuickTrack by Datalex Transforms Retail Promoter Management with Claude AI and Real-Time Insights
- Kaltra Introduces Seasonal Discounts on Replacement Coils for Carrier, York, and Trane Chillers
- Evolve Construction Mobilizes Commercial Storm Response Across Illinois With AI-Powered Damage Documentation and Public Adjusters Partnership
- The World's First Fully Regenerative Economy: Securing Energy, Food, and a Clean Planet
- The State of Law Firm Marketing: Top Companies, Awards, and Resources
The firm has invested in 31 startups ranging from vertical software to machine learning applications including Zuper which helps businesses automate their field services workflows; WellSaid Labs which provides enterprise choice for AI created voice; Icertis which uses AI to transform contracting; among others. Samir Bodas CEO & Co-Founder at Icertis said: "This team is relentless and hyper focused on winning with a founder first mindset."
With its new fund & capital FUSE will continue investing in B2B technology entrepreneurs building category defining businesses with check sizes ranging from $1M - $10M leading Seed & Series A rounds. Interested parties can reach out to them at .
0 Comments
Latest on Washingtoner
- U.S. Government Contracts in Excess of 38 Million Secured Through Partner, Establishing Multi-Year Defense Revenue Platform Through 2032: $BLIS
- New Report Reveals Surprising Trends in Ohio Airport Accidents
- Why Your Berberine Failed: RevGenetics Unveils the Absorption Gap Solution
- WCC Kitchens and Cabinets Featured on Selling Houses Australia
- Cat Hunt Simulator : Burrow & Pounce Lands on the App Store
- Shincheonji Marks 42nd Anniversary: From a Basement to a Denomination Growing by Tens of Thousands Annually
- Jackets for Jobs Hosts Smart & Sexy® Day Detroit for Women's History Month
- Tint Academy Training in Dallas Texas: Learn Window Tint & PPF Installation
- $IBG accelerates toward transformative merger with BlockFuel as $6 million raise fuels dual-industry growth strategy: N A S D A Q: IBG
- High-Growth Power Infrastructure Play Targets AI Boom: 1606 Corp. Executes Aggressive Texas Expansion Strategy: 1606 Corp. (Stock Symbol: CBDW) $CBDW
- Accelerating the Transformation into a U.S. Nuclear Fuel Cycle Leader: Frontier Nuclear and Minerals Inc. (N A S D A Q: FNUC)
- Market Fell -3.01% last month on Iran Fears — Discover How AI Returned +5.64% for Retail Investors
- Ozz Metals Ltd Secures 1-Tonne Gold Offtake Agreement
- Jet Set: The Ultimate Coachella Afterparty
- Tacoma: Applications Now Being Accepted for Four Positions on the Planning Commission
- Heritage at Manalapan Introduces New Single-Family Home Community in One of Monmouth County's Most Desirable Locations
- Compliant Workspace announces partnership with Blackpoint Cyber
- Michigan Homeowners Urged to Act on Rising Basement Waterproofing Needs Amid Severe Flood
- Event Solutions Enters New Era: Announces New Leadership
- Carlsbad Hotel Named Best of La Quinta Award Winner