# Fuel50 funding: rounds and investors > Fuel50 has raised $32M across 3 rounds since 2017. Investors include Bonfire Ventures, PeakSpan Capital and Icehouse Ventures. Every round with its source. Source: https://millionrounds.com/company/fuel50 (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Fuel50* 3 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Funding summary Updated 26 Oct 2026 **$32M** raised across 3 rounds since 2017, from 3 sources **$2.5M** Series A **$14M** Series B **$16M** Series B - **Latest round:** Series B, $16M Apr 2021 - **Investors:** 6 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2018 2019 2020 2021 **$2.5M** Series A **$14M** Series B **$16M** Series B - **First round:** Series A, $2.5M - **Biggest round:** $16M - **Usual gap between rounds:** 22 months ## The rounds - **Apr 2021** Series B **$16M** *3 new* *2 returning* [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) [New Zealand Growth Capital Partners](https://millionrounds.com/fund/new-zealand-growth-capital-partners-nzgcp) [Enterprise Angels](https://millionrounds.com/fund/enterprise-angels) [PeakSpan Capital](https://millionrounds.com/fund/peakspan-capital) Source recorded SEC filing: $10M sold, first sale Mar 2021 - **Aug 2019** Series B **$14M** *1 new* [PeakSpan Capital](https://millionrounds.com/fund/peakspan-capital) Reported by FinSMEs SEC filing: $8.7M sold, first sale Jul 2019 - **Oct 2017** Series A **$2.5M** *2 new* [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) Reported by FinSMEs ## Founders and team From Fuel50's own website and the SEC filings it signed: 4 on the team. - **Tim Sackett** HR Tech Analyst - **Anne Fulton** Executive Officer, Director i - **Joanne Mills** Executive Officer, Director i - **Ron Shah** Executive Officer i On the board, as filed i *Andrew Filipowski* *Brian Platz* *James Andelman* *Kerry McIntosh* *Philip Dur* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2017 **Series B** 2019 **Series B** 2021 [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) [PeakSpan Capital](https://millionrounds.com/fund/peakspan-capital) [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) [New Zealand Growth Capital Partners](https://millionrounds.com/fund/new-zealand-growth-capital-partners-nzgcp) [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) [Enterprise Angels](https://millionrounds.com/fund/enterprise-angels) ## Everyone who backed them [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) VC firm **2** rounds [PeakSpan Capital](https://millionrounds.com/fund/peakspan-capital) VC firm **2** rounds [Icehouse Ventures](https://millionrounds.com/fund/icehouse-ventures) VC firm **1** round [New Zealand Growth Capital Partners](https://millionrounds.com/fund/new-zealand-growth-capital-partners-nzgcp) VC firm **1** round [Rincon Venture Partners](https://millionrounds.com/fund/rincon-venture-partners) VC firm **1** round [Enterprise Angels](https://millionrounds.com/fund/enterprise-angels) Angel network **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=fuel50). ## Also claim to have backed them These 2 firms list Fuel50 as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Ice Angels](https://millionrounds.com/fund/ice-angels) Angel network Per its own site [Flying Kiwi Angels](https://millionrounds.com/fund/flying-kiwi-angels) Angel network Per its own site ## Quick answers about Fuel50 ### Who invested in Fuel50? Fuel50's investors include Bonfire Ventures, PeakSpan Capital, Icehouse Ventures, New Zealand Growth Capital Partners and Rincon Venture Partners, and 1 more on record. ### How much has Fuel50 raised? Fuel50 has raised $32M across 3 rounds since 2017. ### When did Fuel50 last raise? Fuel50's most recent round was a Series B of $16M in Apr 2021. ### What was Fuel50's biggest round? Its most recent round, $16M in Apr 2021, is also its largest on record. ### Who backed Fuel50 first? Fuel50's first round on record, in Oct 2017, was backed by Bonfire Ventures and Rincon Venture Partners. ### What stage is Fuel50 at? Fuel50's latest named round is a Series B, in Apr 2021. ### Where is Fuel50 based? Fuel50 is based in the United States. ## Companies like Fuel50 In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app