Trending...
- Beware of Fake City of Spokane Development and Permit Invoices
- Spokane City Clerk To Retire After 30 Years In Role, Successor Named
- Spokane: City Closures Planned for Juneteenth
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
- Week 47 Final Freedom Vigil at Alligator Alcatraz: Truth Out
- Psychiatric Hospitals Fail to Warn Electroshock Patients of FDA-Cited Risks in Estimated $7 Billion Industry
- City Asks for Feedback on Design Concepts for Spokane Falls Boulevard
- EasySpanishTax.com Launches Simple DIY Modelo 210 Filing Solution for Non-Resident Property Owners in Spain
- Spokane: New Scam Targeting Families Of Out-Of-Custody Defendants
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
- Finland Sets Casino Gambling Risk Limits at 2% of Income, 4 Days, 2 Game Types
- Award-Winning Author Diana Colleen Reframes Billionaire-ism, Psychedelic Healing, and the Illusion of Separateness
- The Prolific Writer, Producer "Hunter" Is Bringing New Music For Summer Release
- Millennial Maven Creative Foundation Assists In Bringing Juneteenth to the FIFA World Cup Fan Festival with an Authentically Dallas Lineup
- An AI Memory System Sealed Its Own Records to Bitcoin
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
- Tacoma City Council Adopts Six-Year Transportation Improvement Program
- Tacoma City Council Adopts 2026 Annual Code Amendments
- What Happens When Congress Says No? New Book Examines the Boland Amendments, Iran-Contra Affair & Jamaican Posse, as US Congress Debate Over Military
- Beware of Fake City of Spokane Development and Permit Invoices
- Warm, Dry Summer Forecast Points to a Stronger Wasp and Yellowjacket Season Across the Pacific Northwest
- Qscription Technologies Appoints Anurag Velekkatt Sunil Kumar to Drive Enterprise Scale
- Spokane: City Closures Planned for Juneteenth
- SafeBets Named Presenting Sponsor of IMCX 2026, Bringing Its No-Deposit Prediction Platform to the Creator Economy's Deal-Making Conference
- A New Pulse for Cardiac Care in Baltimore: St. Elizabeth Rehab & Nursing Welcomes Dr. Hakim Uqdah and Expands Advanced Heart Program
- Inframark–Slater Joint Venture Selected to Manage Fulton County Wastewater Operations
- Cancun International Airport Reports Strong Start to Summer 2026 Travel Season
- Freedomtech Solutions Launches the World's First Pre‑Installed Agentic AI Server — Instant, Sovereign, Infrastructure‑Native Intelligence
- GitKraken Introduces Code Flow, a Framework for Software Development in the Agentic Era
- SanctionsLookup Launches Free OFAC Search Tool for U.S. Sanctions Screening
- RIGHT CARS Announces Landmark African Expansion Through Strategic Collaboration Agreement Across Eight Nations
- Spokane: Housing and Human Services Dept. Provides Update on Housing and Homelessness Initiatives
- Boston Industrial Solutions' Natron® 717N Series UV LED Ink Receives CPSIA Certification
- Spokane City Clerk To Retire After 30 Years In Role, Successor Named
- purelyIV Expands Mobile IV Therapy to Jackson, MI and Launches PlaqueX® IV Therapy
- Leimert Juneteenth Community Celebration Set for Friday, June 19, in Leimert Park Village