About Fuel Venture Studio
Fuel Venture Studio, an accelerator and incubator program founded in 2020, is based in Chicago, United States. With a presence in 4 countries, it has supported around 25 startups in sectors like Enterprise Applications, Retail. As of Aug 2026, Fuel Venture Studio has witnessed 6 portfolio exits. Most notable companies in
its portfolio include HyperIce, Figo Pet Insurance and PULPPO. The program is backed by a team of 1 people who primarily support startups based in United States, Mexico.
Key Metrics
Founded Year
2020
Location
Chicago, United States
Portfolio Companies
Sectors of Investment
Locations of Investment
Fuel Venture Studio's List of Top Investments
Fuel Venture Studio has a portfolio of 25 companies. Their most notable investments include HyperIce and Figo Pet Insurance.Their portfolio spans across United States, Mexico, Canada and 1 more locations. They have invested in Enterprise Applications, Retail, Consumer and 21 other sectors. Here is the list of top investments by Fuel Venture Studio:
1. HyperIce
Internet first brand offering smart devices for physical fitness. It develops muscle recovery, rehabilitation, and ice compression wraps for knees, ankles, shoulders, backs, wrists, and elbows. It provides ice compression therapy devices with patented air release technology. It also offers a fitness and recovery device that uses pressure and vibration to improve the body's overall performance.
Key facts about HyperIce
- Founded Year: 2011
- Location: Irvine (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $52.5M
- Employee Count: 167 as on Jul 31, 2026
- Investors: MainStreet Advisors, Rosecliff Ventures and 38 Others
- Latest Funding Round: Venture Debt, Jul 12, 2023, $*****
- Highlight: Editors' Pick
Flexible pet insurance designed by pet people for modern pet parents. They offer customizable pet insurance plans with options for wellness coverage, vet exam fee coverage, and curable pre-existing conditions. They focus on simplicity, transparency, passion, inclusivity, flexibility, and community. They provide fast claim processing, often within three business days, and offer access to licensed veterinary professionals. Their platform includes a pet cloud, blog, and resources to support pet parents. They are committed to providing pet insurance that fits into the lives of pet parents, offering a range of options to meet individual needs. They are a remote-friendly company with a pet-friendly office. They are pet-forward insurance experts, with a US-based customer experience team that is P&C licensed. They offer pricing and subscription options.
Key facts about Figo Pet Insurance
- Founded Year: 2012
- Location: Chicago (United States)
- Stage: Acquired
- Total Funding till date: $21.5M
- Employee Count: 1 as on Jul 31, 2026
- Investors: HCS Capital Partners, Fuel Venture Studio and 1 Other
- Latest Funding Round: Series C, Dec 10, 2019, $*****
- Highlight: Acquired

3. PULPPO
Online brokerage solution for residential properties. The platform enables users to buy & sell residential properties. Users can search for properties from the listings on the platform. Users can sell properties with real estate agents and provide logistical & legal support.
Key facts about PULPPO
4. Clockwork
AI & cloud-based cash flow management solutions for small businesses. It assists in making financial decisions through cash flow forecasting and financial projections. Offers accounting integration software- QuickBooks, Xero, and stripe. Available for monthly and yearly subscriptions.
Key facts about Clockwork
- Founded Year: 2018
- Location: Chicago (United States)
- Stage: Seed
- Total Funding till date: $2M
- Employee Count: 14 as on Jul 31, 2026
- Investors: Underscore VC, Fuel Venture Studio and 1 Other
- Latest Funding Round: Seed, Apr 04, 2022, $*****
- Highlight: Editors' Pick

5. Surf
Cloud based customer data management platform. It leverages AI that collects and analyzes the first-party data in real-time. The platform generates reports on participants, impressions, and more. It helps brands create customized giveaways to drive real results and grow social media following. It helps businesses create and manage giveaways, with a focus on compliance and risk mitigation.
Key facts about Surf
- Founded Year: 2018
- Location: Toronto (Canada)
- Stage: Acquired
- Total Funding till date: $5.08M
- Employee Count: 19 as on Jul 31, 2026
- Investors: Moneta Ventures, Stadia Ventures and 19 Others
- Latest Funding Round: Seed, Nov 04, 2021, $*****
- Highlight: Acquired
Acquired companies in Fuel Venture Studio's Portfolio
6 companies from Fuel Venture Studio's portfolio have been acquired. The most recent acquisition was PULPPO in Mar 2026 by Habi for $*****.Here are Fuel Venture Studio's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 02, 2026 | - | - | 1897 | |
May 23, 2025 | - | - | 2023 | |
Feb 21, 2025 | - | - | 7888 | |
May 09, 2024 | - | - | 6087 | |
Oct 19, 2021 | - | - | 5991 |
