Funding

Fuel Ventures funding news – UK-based VC Fuel Ventures has Secured £20Million in Funding

Dec 23, 2024 | By Kailee Rainse

UK-based venture capital firm Fuel Ventures has raised a £20M funding round from Chinese investors, including Shijingshan Industrial Fund and Zhongguancun Development Group. The fund focuses on early-stage startups with high growth potential, and its portfolio includes companies like Volt, ContentCal, and Capdesk.

SUMMARY

  • UK-based venture capital firm Fuel Ventures has raised a £20M funding round from Chinese investors, including Shijingshan Industrial Fund and Zhongguancun Development Group.
  • Fuel Ventures is a top early-stage investor in technology and digital companies.

Fuel Ventures says these partnerships show that the UK is becoming an attractive destination for Chinese investors.

Fuel's founder Mark Pearson commented: “We’ve been working closely with our Chinese partners to direct investments into UK startups, focusing on exciting areas like fintech, AI, and SaaS. This growing UK-China partnership is part of a broader push for international collaboration as we see more cash directed from the US to the UK following Trump’s election. Together, we’re creating opportunities for startups and entrepreneurs in both countries, building a strong connection between their tech ecosystems. Strategic investors from China bring immense potential to unlock new opportunities for UK and European-founded tech companies, enabling them to enter and succeed in the vast Chinese market—one of the largest and most dynamic in the world. By fostering these relationships, Fuel Ventures positions itself as an attractive fund for entrepreneurs and founders with ambitions of achieving true global domination, offering access to both Western and Eastern markets and a pathway to long-term international success.”

About Fuel Ventures

Fuel Ventures is a top early-stage investor in technology and digital companies. They focus on investing in the best early-stage companies with scalable marketplaces, platforms, software (SaaS), and transactional technologies.

Recommended Stories for You