# FUSE: portfolio, investments and team

> FUSE is a vc firm based in United States. 81 investments on record, 17 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# FUSE

Last cheque observed Oct 2026; 81 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Productivity Tools SaaS Learning Management System

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Deploying now

**65%** of best year **17** **cheques in 12 months**, 81 on record

Since the last cheque **4** days **00** hrs **00** min **00** sec

Median round **$6.0M** Cheque size, as they say **$100K – $100K** Rounds led **1 of 81** Sole investor **28 rounds** Mostly in **United States, 85%**

Pitch FUSE

## FUSE highlights

- 01 17 cheques in the last 12 months
- 02 Mostly Seed and Series A: 65% of its rounds
- 03 Sole investor in 28 rounds, median $2.8M

## What they do

> venture capital firm that invests $1-10M in early-stage technology companies From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $100K as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Productivity Tools SaaS Learning Management System
- **Based in:** Seattle, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **81 appearances**

- **2026** 14 rounds
- **Oct** **[Avante](https://millionrounds.com/company/avante)** Series A · US · news.lavx.hu **$30M** With 4 others
- **Aug** **[Sasha - Safe Share](https://millionrounds.com/company/sasha-safe-share)** Venture · DK **$2.8M** Sole investor
- **Aug** **[Harell Data](https://millionrounds.com/company/harell-data)** Seed · US **$15M** With 1 other
- **Aug** **[Digs](https://millionrounds.com/company/digs)** Series A · US **$25M** With 2 others
- **Aug** **[Integrate](https://millionrounds.com/company/integrate)** Debt · US **$6.0M** With 3 others
- **Jul** **[General Compute](https://millionrounds.com/company/general-compute)** Debt · US **$400M** With 2 others
- **Jul** **[Thira](https://millionrounds.com/company/thira)** Seed · US **$21M** With 1 other
- **Apr** **[Portal Space Systems](https://millionrounds.com/company/portal-space-systems)** Series A · US **$50M** With 3 others
- **Mar** **[WellSaid Labs](https://millionrounds.com/company/wellsaid-labs)** Venture · US **Undisclosed** With 1 other
- **Mar** **[ElastixAI](https://millionrounds.com/company/elastixai)** Venture · US **Undisclosed** With 3 others
- **Feb** **[Integrate](https://millionrounds.com/company/integrate)** Series A · US · TechCrunch **$17M** With 2 others
- **Feb** **[Scala](https://millionrounds.com/company/scala)** Seed · US **$8.5M** With 1 other
- **Jan** **[FinOpsly](https://millionrounds.com/company/finopsly)** Seed · US **$6.4M** With 3 others
- **Jan** **[Enable Injections](https://millionrounds.com/company/enable-injections)** Venture · US **$30M** With 2 others
- **2025** 22 rounds
- **Nov** **[Quindar](https://millionrounds.com/company/quindar)** Series A · US **$18M** With 4 others
- **Nov** **[Semi Zabala](https://millionrounds.com/company/semi-zabala)** Venture · ES **Undisclosed** With 1 other
- **Nov** **[Digs](https://millionrounds.com/company/digs)** Seed · US **$5.0M** With 5 others
- **Oct** **[Carbon Robotics](https://millionrounds.com/company/carbon-robotics)** Series D · US **$20M** With 4 others
- **Oct** **[PortX](https://millionrounds.com/company/portx)** Venture · US **Undisclosed** Sole investor
- **Oct** **[Molten Salt Solutions](https://millionrounds.com/company/molten-salt-solutions)** Venture · US **Undisclosed** With 2 others
- **Oct** **[LiveGrow Bio](https://millionrounds.com/company/livegrow-bio)** Pre-seed · US **$150K** With 1 other
- **Oct** **[Search Party](https://millionrounds.com/company/search-party)** Pre-seed · US **$3.5M** Sole investor
- **Sept** **[Paid](https://millionrounds.com/company/paid)** Seed · GB · TechCrunch **$22M** With 5 others
- **Aug** **[VAAS](https://millionrounds.com/company/vaas)** Seed · BR · LatamList **$3.7M** With 6 others
- **Aug** **[Aurelian](https://millionrounds.com/company/aurelian)** Series A · US · New Enterprise Associates **$14M** With 5 others
- **Aug** **[GoodShip](https://millionrounds.com/company/goodship)** Series B · US · TechStartups **$25M** With 6 others
- **Jul** **[Quandri](https://millionrounds.com/company/quandri)** Series A · CA · TechStartups **$12M** With 5 others
- **Jul** **[Gone](https://millionrounds.com/company/gone)** Seed · US **$6.3M** Sole investor
- **May** **[Pay-i](https://millionrounds.com/company/payi)** Seed · US **$4.9M** With 2 others
- **May** **[Envive AI](https://millionrounds.com/company/envive-ai)** Series A · US **$15M** With 2 others
- **May** **[ElastixAI](https://millionrounds.com/company/elastixai)** Seed · US **$18M** With 3 others
- **Apr** **[Portal Space Systems](https://millionrounds.com/company/portal-space-systems)** Seed · US **$18M** With 2 others
- **Apr** **[Loti](https://millionrounds.com/company/loti)** Series A · US **$16M** With 3 others
- **Apr** **[Ecolibrium](https://millionrounds.com/company/ecolibrium)** Venture · GB **$8.9M** Sole investor
- **Jan** **[Gallabox](https://millionrounds.com/company/gallabox)** Seed **$3.5M** With 1 other
- **Jan** **[freightmate Ai](https://millionrounds.com/company/freightmate-ai)** Seed · US **$5.0M** Sole investor
- **2024** 13 rounds
- **Dec** **[Lumen Orbit](https://millionrounds.com/company/lumen-orbit)** Seed · US · TechCrunch **$11M** With 4 others
- **Sept** **[Velou](https://millionrounds.com/company/velou)** Venture · US **$5.0M** With 1 other
- **Jul** **[Signify](https://millionrounds.com/company/signify)** Pre-seed · US **$2.1M** Sole investor
- **Jul** **[etherfuse](https://millionrounds.com/company/etherfuse)** Seed · US **$3.0M** With 4 others

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

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

RK **Ryan Kendall Baker** CFO i Form ADV

We also hold **5** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$464M** gross assets of its funds Oct 2026

**5+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** FUSE Ventures Management, LLC
- **SEC number:** CRD 314167

## What they claim to have backed

From their own portfolio page (on their website)

**9** of 51 we have independently watched raise

[General Compute Data](https://millionrounds.com/company/general-compute)[Goodship Supply Chain](https://millionrounds.com/company/goodship)[Griptape (Exited) Data](https://millionrounds.com/company/griptape)[Icarus Robotics Space](https://millionrounds.com/company/icarus-robotics)[Owl Financial Services](https://millionrounds.com/company/owl)[Pipe Network Data](https://millionrounds.com/company/pipe)[PortX Financial Services](https://millionrounds.com/company/portx)[Quandri Financial Services](https://millionrounds.com/company/quandri)[Starcloud Space](https://millionrounds.com/company/starcloud) Arise Labs Data Ascerta AI Application Layer Athanor Data & Infrastructure Aurelian Vertical AI Avante Healthcare Bolster Industrial Automation Button Healthcare Carbon Robotics Industrial Automation Digs Industrial Automation Elastix Data & Infrastructure Envive Retail Freightmate Supply Chain Gone Supply Chain Harell Data & Infrastructure Integrate Space Intuned AI Application Layer Joymore Vertical AI Latch AI Application Layer Loti AI Application Layer Mantis Space Space Operto Hospitality & Services PDM Automotive Supply Chain Paid AI Application Layer Pictory AI Application Layer Pluto Aerospace Space Portal Space Systems Space Prosper Medical Healthcare Quindar Space Roboto AI Application Layer Scala AI Application Layer Solo Hospitality & Services Sovera Space Strac Data & Infrastructure Symbiosys (Exited) Retail TipHaus Hospitality & Services Trustle Data & Infrastructure Undaunted Industrial Automation Velou (Exited) Retail Visualping AI Application Layer WellSaid AI Application Layer Xemelgo Supply Chain Zuper Vertical AI

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$6.0M** the round, not its cheque Alone, median **$2.8M**

Led 1 of 81 rounds **1%**

- **Said size:** $100K – $100K
- **Sole investor:** 28 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *38*
- Series A said *14*
- Venture *11*
- Pre-seed said *8*
- Series B said *5*
- Debt *4*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 9
- [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) 8
- [Ascend](https://millionrounds.com/fund/ascend) 3
- [Madrona Venture Group](https://millionrounds.com/fund/madrona) 3
- [MassChallenge](https://millionrounds.com/fund/masschallenge) 3
- [Village Global](https://millionrounds.com/fund/village-global-2) 3

**Pitching FUSE?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Y Combinator** Accelerator **9** rounds together](https://millionrounds.com/fund/y-combinator)[**Liquid 2 Ventures** VC firm **8** rounds together](https://millionrounds.com/fund/liquid-2-ventures)[**Ascend** VC firm **3** rounds together](https://millionrounds.com/fund/ascend)[**Madrona Venture Group** VC firm **3** rounds together](https://millionrounds.com/fund/madrona)[**MassChallenge** Accelerator **3** rounds together](https://millionrounds.com/fund/masschallenge)[**Village Global** VC firm **3** rounds together](https://millionrounds.com/fund/village-global-2)[**AlleyCorp** Venture studio **2** rounds together](https://millionrounds.com/fund/alleycorp)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Betaworks** VC firm **2** rounds together](https://millionrounds.com/fund/betaworks)[**DNX Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/dnx-ventures-us)[**Drive Capital** VC firm **2** rounds together](https://millionrounds.com/fund/drive-capital)[**FPV Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/fpv-ventures)

## Recently backed

The latest companies FUSE put money into.

[**Avante** $30M · Oct 2026](https://millionrounds.com/company/avante)[**Sasha - Safe Share** $2.8M · Aug 2026](https://millionrounds.com/company/sasha-safe-share)[**Harell Data** $15M · Aug 2026](https://millionrounds.com/company/harell-data)[**Digs** $25M · Aug 2026](https://millionrounds.com/company/digs)[**General Compute** $400M · Jul 2026](https://millionrounds.com/company/general-compute)[**Thira** $21M · Jul 2026](https://millionrounds.com/company/thira)

## On podcasts

1 episode naming FUSE in the title, and 2 more that mention it.

- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 25 Jan 2024 · 46 min The opportunity outside of Silicon Valley and how to build a strategic LP base with Brendan Wales and Kellan Carter of FUSE With [Brendan Wales](https://millionrounds.com/person/brendan-wales)[Kellan Carter](https://millionrounds.com/person/kellan-carter) Mentions [FUSE](https://millionrounds.com/fund/fuse) Apple PodcastsShow page

### Mentioned in

- [Sourcery](https://millionrounds.com/podcasts/sourcery) 11 Dec 2025 · 21 min Why $300B of SaaS Revenue Is Trapped & How the $19.9T AI Agent Economy Unlocks It Apple PodcastsShow page
- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 11 Apr 2022 · 32 min 328. Why the Pacific Northwest Will Win Big, Tapping the Enterprise Talent Pool, and Investing in Apps over Infrastructure (Cameron Borumand) Apple PodcastsShow page

## Quick answers about FUSE

### What does FUSE invest in?

FUSE invests most often at Seed and Series A (65% of the rounds on record), in sectors such as Productivity Tools, SaaS and Learning Management System.

### How active is FUSE?

81 investments on record, 17 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has FUSE invested in recently?

Its most recent investments on record: Avante (Series A, Oct 2026), Sasha - Safe Share (Venture, Aug 2026) and Harell Data (Seed, Aug 2026).

### How big are FUSE's cheques?

The median round it joins is $6.0M. It says it writes cheques of $100K to $100K.

### Does FUSE lead rounds?

Sometimes: it led 1 of its 81 investments on record (1%).

### Where does FUSE invest?

Most of the companies it backs are in the United States (85%) and the United Kingdom (5%).

### Is FUSE investing now?

Yes: it is actively investing, with 17 investments in the last 12 months.

### Who does FUSE invest alongside?

Most often Y Combinator (9 rounds together), Liquid 2 Ventures (8 rounds together) and Ascend (3 rounds together).

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