Trending...
- Spokane: Impacts For Final Stretch of Construction Season
- Put Your Herd on Your Phone: Kiko Nation Makes Livestock Management Simple
- Warrant Activity, AVERSA™ Progress and a Potentially Transformative Fall Take Center Stage: Nutriband Inc. (N A S D A Q: NTRB)
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
- JaapDaily passes 22 million chants, adds big-screen Recite Along view for Navratri
- valueGLASS Calls for Independent Choice as Safelite Absorbs Kitsap Competitor
- Jacqui Condon Selected to Workers' Compensation Panels for Three Professional Athlete Associations
- Tacoma: Community Event Funding Announced for 2027
- New Metallized PE Film from Pregis Brings Recyclability to High-Barrier Food Packaging at Pack Expo International in Chicago
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
- Transformational $104 Million Musculoskeletal Healthcare Opportunity as Expansion Strategy Accelerates for Cardiff Lexington Corp (Stock Symbol: CDIX)
- PropAccount.com Launches Marketing Hub Within PropGenie, Giving Prop Firm Operators an Automated Marketing Team
- Save 15 Percent Off Florida Keys Accommodations with KeysCaribbean's Advance Purchase Rate Discount
- Woodside Rehab & Nursing Enters a New Era of Clinical Excellence and Growth
- Thar Process Partners with French Leader ExtrateX to Bring Prep to Process-Scale SFC to Europe
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: Nominations Open for 2027 Dr. Martin Luther King, Jr. Community Service Awards
- Solid Earth's new "Welcome to Real Estate" campaign introduces RealtyID™: Know Before Your Open the Door
- Radio Drive's New Album Walk With Me Delivers Two GRAMMY® Submissions Across Rock and Alternative Categories
- Kaplan Morrell and Attorney Jacqui Condon Selected to Represent Professional Women's Soccer Players in Workers' Compensation Matters
- ClearSight Therapeutics Receives NIH SBIR Phase I Award for Conjunctivitis and EKC Research
- Lunai Bioworks (N A S D A Q: LNAI) Takes Parkinson's Discovery to the Next Level With Exclusive Tanaist Agreement
- Revenue Optics Names Prat Patibandla Director of Growth Marketing
- Independent Autopsies Are Changing Civil Cases: Kansas City Forensic Explains Why Families Are Seeking Second Opinions
- JEGS Launches Transformed Digital Commerce Platform Powered by PhaseZero
- Subject matter experts: Present your ideas at IISE Annual Conference 2027 in Louisville
- Cummings Graduate Institute Celebrates New Doctor of Behavioral Health Graduates
- Visit London Appoints The SEO Works for AI-First Search Strategy
- Spokane: Parks & Recreation Secures Top Ranking for $4.6M in State Grant Match
- City of Spokane to Install First 'Emergency Streets' Lane Closure After Weekend Fatal Crash
- Inglewood Associates and Gordon Brothers Provide Update on Sale Process for 925 Euclid Avenue in Cleveland
- Century Fasteners Corp. Exhibiting at the 2026 International Fastener Expo
- Las Vegas Attorney Thomas Boley Publishes Free Plain-English Guide to 100 Nevada Criminal Laws, in English and Spanish
- Tacoma: 'Preparing the Bid' Workshop on October 19
- Tacoma: Street Operations Crew Scheduled to Conduct Snow and Ice Training October 12 – 14
- Bank Statement Loans Up to $30 Million: Lendmire Announces High-Net-Worth Financing