Trending...
- Spokane: SPD Unveils New Public Data Dashboard That Offers Near Real-Time Information with Searchable Parameters
- Tacoma: Forrest Frank Announces The Jesus Generation Tour
- AI Real Estate Company Quietly Building a National Powerhouse: reAlpha Tech Corp. (N A S D A Q: AIRE)
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
- South Spokane Burglary Suspect Quickly Taken Into Custody; Suspect Found Sitting in a Chair When Officers Arrived
- Spokane City Council Approves Special Revenue Fund Projects Encouraging Safe Driving
- City of Spokane Warns of Email Scam Posing as Planning Department, Development Services Center
- America's Bucket Plan Expert Darrin McComas Featured on CNBC
- Darrin McComas, President of Evergreen Wealth Advisors, Will Be Featured This Weekend on CNBC on "Financial Freedom with Tom Hegna."
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
- Crunchbase Ranks Phinge Founder & CEO Robert DeMaio #1 Globally. Meet him in Las Vegas-Week of CES to Learn About Netverse, Patented App-less Platform
- Tacoma: Dr. Martin Luther King, Jr. Celebration Returns in 2026
- Spokane: Numerica Skate Ribbon Temporarily Closes Due to Unprecedented Weather
- IODefi Introduces New Web3 Infrastructure Framework as XRP Ledger Development Gains Global Attention
- Terizza Forms Strategic Collaboration with UC San Diego to Pioneer Next-Generation Distributed AI Infrastructure
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
- Spokane: Tips To Help Prevent Package Theft This Holiday Season
- Spokane: Riverfront Park Holiday Village, Presented by Gesa Credit Union, Runs December 11-14
- DanReDev, Kaufman Development & Oldivai Announce Major 2026 Projects Nationwide
- Accelerating Precious Metals Expansion and Digital Asset Innovation Ahead of 2026: Asia Broadband Inc. (Stock Symbol: AABB)
- Tacoma City Council Passes Ordinance 29086 Amending the Rental Housing Code and Landlord Fairness Code Initiative
- City of Tacoma Advances Vision Zero Goals with Updated Traffic Safety Program
- Tacoma: Transportation Impact Fees to Help Fund Critical Infrastructure and Enhance Safety
- Tacoma: A Statement from Mayor Victoria Woodards, At-Large Council Member Olgy Diaz, and District 4 Council Member Sandesh Sadalge on Resolution 41817
- City of Tacoma Deepens Cultural Ties with Croatia, Designates Split as New Sister City
- Tacoma City Council Designates Kochi, India as New Friendship City
- Spokane: Welding Sparks Ignite Multi-Business Fire on Holyoke Avenue
- City Council Member Michael Cathcart Selected As Chair of Spokane Regional Health District Board of Health
- Naturism Resurgence (NRE) Announces the World's First Standardised Stigma Measure (SSM) for Naturism
- London Art Exchange Emerges as a Leading Force in UK Contemporary Art, Elevating Three Artists to Secondary-Market Success
- City of Spokane and City Council Announce 2026 Legislative Agenda
- myLAB Box Expands, Becoming the First and Only At-Home Testing Company to Serve the Entire Family—Human and Furry—with New Pet Intolerance Test
- Entering 2026 with Expanding Footprint, Strong Industry Tailwinds, and Anticipated Q3 Results: Off The Hook YS Inc. (N Y S E American: OTH)
- Tiger-Rock Martial Arts Appoints Jami Bond as Vice President of Growth
- Super League (N A S D A Q: SLE) Enters Breakout Phase: New Partnerships, Zero Debt & $20 Million Growth Capital Position Company for 2026 Acceleration
- Finland's Gambling Reform Promises "Single-Click" Block for All Licensed Sites