# Fuel Ventures: portfolio, investments and team

> Fuel Ventures is a vc firm based in United Kingdom. 163 investments on record, 25 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/fuel-ventures (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Fuel Ventures

Last cheque observed Oct 2026; 163 cheques on record.

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Deploying now VC firm

Pre-seed Seed Series A Industry-agnostic Marketplace SaaS

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Deploying now

**49%** of best year **25** **cheques in 12 months**, 163 on record

Since the last cheque **17** days **00** hrs **00** min **00** sec

Median round **$1.9M** Cheque size, as they say **$200K – $4.0M** Rounds led **9 of 163** Sole investor **66 rounds** Mostly in **United Kingdom, 84%**

Pitch Fuel Ventures

## Fuel Ventures highlights

- 01 25 cheques in the last 12 months
- 02 Mostly Pre-seed and Seed: 77% of its rounds
- 03 Sole investor in 66 rounds, median $1.6M

## What they do

> The Fuel Ventures Funds invest between £150k & £3m into tech companies with early commercial traction From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $200K – $4.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Industry-agnostic Marketplace SaaS
- **Based in:** London, United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **163 appearances**

- **2026** 21 rounds
- **Oct** **[Affinity Labs](https://millionrounds.com/company/affinity-labs)** Pre-seed · GB · Pulse 2.0 **$2.0M** *Led*
- **Oct** **[Doris Labs](https://millionrounds.com/company/doris-labs)** Pre-seed · GB · The SaaS News **$600K** *Led*
- **Oct** **[Atlian](https://millionrounds.com/company/atlian)** Pre-seed · GB · UK Tech Investment News **$609K** *Led*
- **Sept** **[AI Score](https://millionrounds.com/company/ai-score)** Seed · GB **$5.4M** Sole investor
- **Sept** **[Productive Machines](https://millionrounds.com/company/productive-machines)** Venture · GB **$1.7M** With 3 others
- **Jul** **[Stoa Corporation](https://millionrounds.com/company/stoa-corporation)** Pre-seed · GB **$2.4M** With 1 other
- **Jun** **[Synvo AI](https://millionrounds.com/company/synvo-ai)** Seed · SG **$1.0M** Sole investor
- **May** **[PANTA](https://millionrounds.com/company/panta)** Debt · GB **$2.0M** With 1 other
- **Apr** **[Misti AI](https://millionrounds.com/company/misti-ai)** Pre-seed · GB · TechStartups **$338K** *Led*
- **Apr** **[Locai](https://millionrounds.com/company/locai)** Pre-seed · GB **$1.4M** Sole investor
- **Apr** **[Arrival](https://millionrounds.com/company/arrival)** Pre-seed · GB **$678K** Sole investor
- **Mar** **[Flexzo AI](https://millionrounds.com/company/flexzo-ai)** Series A · Ventureburn **$12M** With 1 other
- **Mar** **[Deaku](https://millionrounds.com/company/deaku)** Pre-seed · GB **$639K** Sole investor
- **Mar** **[DealFlowAgent](https://millionrounds.com/company/dealflowagent)** Seed · GB **$750K** With 1 other
- **Mar** **[JAAQ](https://millionrounds.com/company/jaaq)** Series A · GB **$17M** Sole investor
- **Mar** **[WealthAI](https://millionrounds.com/company/wealthai)** Pre-seed · GB **$531K** With 1 other
- **Jan** **[Levellr](https://millionrounds.com/company/levellr)** Seed · GB **$2.5M** With 2 others
- **Jan** **[Karavel.ai](https://millionrounds.com/company/karavel-ai)** Pre-seed · GB **$1.7M** Sole investor
- **Jan** **[Allocation Strategy](https://millionrounds.com/company/allocation-strategy)** Seed · GB **$2.1M** Sole investor
- **Jan** **[Flowla](https://millionrounds.com/company/flowla)** Seed · GB **$2.5M** With 4 others
- **Jan** **[WealthAI](https://millionrounds.com/company/wealthai)** Pre-seed · GB **$1.0M** With 2 others
- **2025** 46 rounds
- **Dec** **[Curvo AI](https://millionrounds.com/company/curvo-ai)** Pre-seed · GB **$1.1M** With 1 other
- **Nov** **[TYTEN](https://millionrounds.com/company/tyten)** Pre-seed · GB **$993K** With 1 other
- **Nov** **[IntelligentCore](https://millionrounds.com/company/intelligentcore)** Seed · GB **$2.6M** With 1 other
- **Nov** **[Sencillo](https://millionrounds.com/company/sencillo)** Pre-seed · GB **$460K** Sole investor
- **Oct** **[Tessaract.io](https://millionrounds.com/company/tessaract-io)** Venture · SG **$6.1M** With 2 others
- **Oct** **[REHUMAN](https://millionrounds.com/company/rehuman)** Pre-seed · CA **$1.3M** With 1 other
- **Oct** **[Theodosian](https://millionrounds.com/company/theodosian)** Pre-seed · UA **$1.3M** With 2 others
- **Oct** **[Jack Fertility](https://millionrounds.com/company/jack-fertility)** Pre-seed · GB **$674K** With 1 other
- **Oct** **[Synthax](https://millionrounds.com/company/synthax)** Seed · GB **$670K** With 1 other
- **Sept** **[Souk](https://millionrounds.com/company/souk)** Pre-seed · GB · Firms' own news pages **$1.6M** With 2 others
- **Sept** **[PlanningHub](https://millionrounds.com/company/planninghub)** Grant · GB **$134K** With 1 other
- **Sept** **[PayControl](https://millionrounds.com/company/paycontrol)** Pre-seed · GB **$2.3M** Sole investor
- **Sept** **[Allasso](https://millionrounds.com/company/allasso)** Seed · CH **$3.0M** Sole investor
- **Jul** **[AVIEL Intelligence](https://millionrounds.com/company/aviel-intelligence)** Pre-seed · GB **$335K** With 1 other
- **Jul** **[Roomix](https://millionrounds.com/company/roomix)** Venture · GB **$1.2M** With 2 others
- **Jul** **[Healsgood Ai LTD](https://millionrounds.com/company/healsgood-ai-ltd)** Seed **$3.4M** With 1 other
- **Jun** **[Glyde](https://millionrounds.com/company/glyde)** Pre-seed · GB · TechStartups **$606K** *Led*
- **Jun** **[Outmin](https://millionrounds.com/company/outmin)** IE · Silicon Canals **$4.5M** With 5 others
- **Jun** **[Blocktype](https://millionrounds.com/company/blocktype)** Pre-seed · GB **$423K** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **20** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.9M** the round, not its cheque Alone, median **$1.6M**

Led 9 of 163 rounds **6%**

- **Said size:** $200K – $4.0M
- **Sole investor:** 66 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Pre-seed said *58*
- Seed said *58*
- Series A said *16*
- Venture *15*
- Debt *4*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Antler](https://millionrounds.com/fund/antler) 10
- [Plug and Play](https://millionrounds.com/fund/plug-and-play) 8
- [Ascension](https://millionrounds.com/fund/ascension) 6
- [Founders Factory](https://millionrounds.com/fund/founder-s-factory) 6
- [APX](https://millionrounds.com/fund/apx) 5
- [Heartfelt Capital](https://millionrounds.com/fund/heartfelt) 5

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## Who they invest alongside

The investors most often in the same rounds as Fuel Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Antler** VC firm **10** rounds together](https://millionrounds.com/fund/antler)[**Plug and Play** Accelerator **8** rounds together](https://millionrounds.com/fund/plug-and-play)[**Ascension** VC firm **6** rounds together](https://millionrounds.com/fund/ascension)[**Founders Factory** Accelerator **6** rounds together](https://millionrounds.com/fund/founder-s-factory)[**APX** VC firm **5** rounds together](https://millionrounds.com/fund/apx)[**Heartfelt Capital** VC firm **5** rounds together](https://millionrounds.com/fund/heartfelt)[**Atomico** VC firm **4** rounds together](https://millionrounds.com/fund/atomico)[**HATCHER+** VC firm **4** rounds together](https://millionrounds.com/fund/hatcher)[**Innovate UK** VC firm **4** rounds together](https://millionrounds.com/fund/innovate-uk)[**Outrun Ventures** Family office **4** rounds together](https://millionrounds.com/fund/outrun-ventures)[**500 Global** Angel **3** rounds together](https://millionrounds.com/fund/500-startups)[**Ada Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/ada-ventures)

## Recently backed

The latest companies Fuel Ventures put money into.

[**Affinity Labs** $2.0M · Oct 2026](https://millionrounds.com/company/affinity-labs)[**Atlian** $609K · Oct 2026](https://millionrounds.com/company/atlian)[**AI Score** $5.4M · Sept 2026](https://millionrounds.com/company/ai-score)[**Productive Machines** $1.7M · Sept 2026](https://millionrounds.com/company/productive-machines)[**Synvo AI** $1.0M · Jun 2026](https://millionrounds.com/company/synvo-ai)[**PANTA** $2.0M · May 2026](https://millionrounds.com/company/panta)

## On podcasts

2 episodes naming Fuel Ventures in the title.

- [Angel Insights](https://millionrounds.com/podcasts/angel-insights) 27 Jul 2026 · 34 min 99% of AI investors will lose money -and that's expected. Oli Hammond, Fuel Ventures With [Oli Hammond](https://millionrounds.com/person/oli-hammond) Mentions [Fuel Ventures](https://millionrounds.com/fund/fuel-ventures) Apple PodcastsShow page
- [UKTN: The Podcast](https://millionrounds.com/podcasts/uktn) 14 Jan 2025 · 38 min How UK tech could benefit from Chinese capital – Mark Pearson, Fuel Ventures With [Mark Pearson](https://millionrounds.com/person/mark-pearson-2) Mentions [Fuel Ventures](https://millionrounds.com/fund/fuel-ventures) Apple PodcastsShow page

## Quick answers about Fuel Ventures

### What does Fuel Ventures invest in?

Fuel Ventures invests most often at Pre-seed and Seed (77% of the rounds on record), in sectors such as Industry-agnostic, Marketplace and SaaS.

### How active is Fuel Ventures?

163 investments on record, 25 of them in the last 12 months, and it led 9. The most recent was in Oct 2026.

### What has Fuel Ventures invested in recently?

Its most recent investments on record: Affinity Labs (Pre-seed, Oct 2026), Doris Labs (Pre-seed, Oct 2026) and Atlian (Pre-seed, Oct 2026).

### How big are Fuel Ventures's cheques?

The median round it joins is $1.9M. It says it writes cheques of $200K to $4.0M.

### Does Fuel Ventures lead rounds?

Sometimes: it led 9 of its 163 investments on record (6%).

### Where does Fuel Ventures invest?

Most of the companies it backs are in the United Kingdom (84%) and Singapore (5%).

### Is Fuel Ventures investing now?

Yes: it is actively investing, with 25 investments in the last 12 months.

### Who does Fuel Ventures invest alongside?

Most often Antler (10 rounds together), Plug and Play (8 rounds together) and Ascension (6 rounds together).

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