# Fuse funding: rounds and investors

> Fuse has raised $49M across 4 rounds since 2023. Investors include Northzone, Footwork and Y Combinator. Every round with its source.

Source: https://millionrounds.com/company/fuse (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Fuse*

4 rounds we have observed, with the 14 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 Financial Services Fintech

Raised 8 months ago Y Combinator: W19

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Funding summary Updated 5 Nov 2026

**$49M** raised across 4 rounds since 2023, from 5 sources

**$17M** Seed **$500K** Pre-seed **$6.6M** Seed **$25M** Series A

- **Latest round:** Series A, $25M Mar 2026
- **Led by:** Footwork
- **Step-up i:** 3.8×
- **Investors:** 14 (2 led)

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.

2023 2024 2025 2026

**$17M** Seed

**$500K** Pre-seed

**$6.6M** Seed

**$25M** Series A

- **First round:** Seed, $17M
- **Biggest round:** $25M
- **Usual gap between rounds:** 11 months

## The rounds

- **Mar 2026** Series A **$25M** *5 new* [Footwork](https://millionrounds.com/fund/footwork) Lead [FJ Labs](https://millionrounds.com/fund/fj-labs) [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) [Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) Reported by TechCrunch
- **Apr 2025** Seed **$6.6M** *6 new* [Northzone](https://millionrounds.com/fund/northzone) Lead [Shorooq Partners](https://millionrounds.com/fund/shorooq-partners) [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures) [Alter Global](https://millionrounds.com/fund/alter-global) [George Makhoul](https://millionrounds.com/fund/george-makhoul) [Olugbenga GB Agboola](https://millionrounds.com/fund/olugbenga-gb-agboola) Reported by TechCrunch and 1 other
- **Sept 2024** Pre-seed **$500K** *1 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) Source recorded
- **Mar 2023** Seed **$17M** *2 new* [Abstract Ventures](https://millionrounds.com/fund/abstract) [Buckley Ventures](https://millionrounds.com/fund/buckley-ventures) Source recorded

## Founders and team

From Fuse's own website: 9 on the team.

- **Ryan Baker** CFO
- **Brendan Wales** General Partner
- **Brooke Borseth** Senior Associate
- **Cameron Borumand** General Partner
- **Carmen Ballagan** Office Manager
- **Emily Harrison** Platform Lead
- **Kellan Carter** General Partner
- **Samarth Gandhi** Analyst
- **Zane Khatib** Principal

## 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.

**Seed** 2023 **Pre-seed** 2024 **Seed** 2025 **Series A** 2026 [Northzone](https://millionrounds.com/fund/northzone) L [Footwork](https://millionrounds.com/fund/footwork) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Abstract Ventures](https://millionrounds.com/fund/abstract) [NextView Ventures](https://millionrounds.com/fund/nextview-ventures) [Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) [Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) [Shorooq Partners](https://millionrounds.com/fund/shorooq-partners) [Buckley Ventures](https://millionrounds.com/fund/buckley-ventures)

## Everyone who backed them

[Northzone](https://millionrounds.com/fund/northzone) VC firm **1** round, led 1

[Footwork](https://millionrounds.com/fund/footwork) VC firm **1** round, led 1

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **1** round

[Abstract Ventures](https://millionrounds.com/fund/abstract) VC firm **1** round

[NextView Ventures](https://millionrounds.com/fund/nextview-ventures) VC firm **1** round

[Commerce Ventures](https://millionrounds.com/fund/commerce-ventures) VC firm **1** round

[Primary Venture Partners](https://millionrounds.com/fund/primary-venture-partners) VC firm **1** round

[Shorooq Partners](https://millionrounds.com/fund/shorooq-partners) VC firm **1** round

[Buckley Ventures](https://millionrounds.com/fund/buckley-ventures) VC firm **1** round

[Flourish Ventures](https://millionrounds.com/fund/flourish-ventures) VC firm **1** round

[Alter Global](https://millionrounds.com/fund/alter-global) VC firm **1** round

[George Makhoul](https://millionrounds.com/fund/george-makhoul) VC firm **1** round

[Olugbenga GB Agboola](https://millionrounds.com/fund/olugbenga-gb-agboola) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=fuse).

## Also claim to have backed them

These 6 firms list Fuse 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.

[Alliance VC](https://millionrounds.com/fund/alliance-vc) VC firm Per its own site

[Skystar Capital](https://millionrounds.com/fund/skystar-capital) VC firm Per its own site

[Cowles Company](https://millionrounds.com/fund/cowles-company) VC firm Per its own site

[Iconica Partners](https://millionrounds.com/fund/iconica-partners) VC firm Per its own site

[FTTF](https://millionrounds.com/fund/fttf) VC firm Per its own site

[Same Page Capital](https://millionrounds.com/fund/same-page-vc-fund) Accelerator Per its own site

## Quick answers about Fuse

### Who invested in Fuse?

Fuse's investors include Northzone, Footwork, Y Combinator, FJ Labs and Abstract Ventures, and 9 more on record. Footwork led its latest round.

### How much has Fuse raised?

Fuse has raised $49M across 4 rounds since 2023.

### When did Fuse last raise?

Fuse's most recent round was a Series A of $25M in Mar 2026, led by Footwork.

### What was Fuse's biggest round?

Its most recent round, $25M in Mar 2026, is also its largest on record.

### Who backed Fuse first?

Fuse's first round on record, in Mar 2023, was backed by Abstract Ventures and Buckley Ventures.

### What stage is Fuse at?

Fuse's latest named round is a Series A, in Mar 2026.

### Where is Fuse based?

Fuse is based in the United States.

### Who led Fuse's rounds?

Northzone led the Seed in 2025; Footwork led the Series A in 2026.

## Companies like Fuse

In the same sector, and raised in the last eighteen months.

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)

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