When was Fuell founded?

Fuell was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Fuell located?

Fuell is headquartered in Madrid, Spain.

How many employees does Fuell have?

As of Apr 30, 2026, the latest employee count at Fuell is 7.

Is Fuell a funded company?

Fuell is a funded company, having raised a total of $3.35M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 28, 2020.

When was the latest funding round of Fuell?

Fuell's latest funding was a $***** Seed round on Jul 11, 2022, with participation from 3 investors. Its primary sector is Finance & Accounting Tech. In Spain, the Finance & Accounting Tech sector has seen $41.1M in funding in 2026 to date.

Where does Fuell rank among its competitors?

Fuell ranks 23rd amongst 89 active competitors, of which 19 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Factorial, which secured $150M in Jun, 2026.

Who are the top competitors of Fuell?

Fuell's top competitors include Workday, Kronos and Pleo. Among them, Factorial secured the most recent funding round in June, 2026.

Fuell - 2026 Company Profile, Team, Funding & Competitors

Fuell is an acquired company based in Madrid (Spain), founded in 2019 by Daniel Seijo. It operates as a Provider of business management software for human resources and finance. Fuell has raised $3.35M in funding from investors like Y Combinator, K Fund and Fin Capital. The company has 89 active competitors, including 19 funded and 13 that have exited. Its top competitors include companies like Workday, Kronos and Pleo.

Company Details

Provider of business management software for human resources and finance. The software helps teams manage time, talent, payroll, and IT processes. It offers features such as time off management, employee performance tracking, and expense management. The platform also provides tools for onboarding, document management, and reporting.

Website: getfuell.com
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Key Metrics

Founded Year

2019

Location

Madrid, Spain

Stage

Acquired

Total Funding

$3.35M in 4 rounds

Latest Funding Round

Seed, Jul 11, 2022, $*****

Investors

Y Combinator & 6 more

Ranked

23^rd among 89 active competitors

Employee Count

7 as on Apr 30, 2026

Similar Companies

Workday & 3538 more

Exit Details

Acquired by Factorial (Oct 03, 2023)

View Fuell's full profile

Fuell got acquired by Factorial on Oct 03, 2023.

Click here to take a look at Fuell's acquisition in detail

Fuell has raised a total funding of $3.35M over 4 rounds. Its first funding round was on May 28, 2020. Its latest funding round was a Seed round on Jul 11, 2022 for $*****. 3 investors participated in its latest round. Fuell has 6 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Fuell:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 11, 2022	3895453	Seed	2178486	2315669	9772420	7450921
Jan 10, 2022	1251755	Seed	4407912	3180460	7452054	8775562
Jun 15, 2021	6674799	Seed	4841348	7376286	K Fund	Wayra & 2 more

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View details of Fuell's funding rounds and investors

The founders of Fuell is Daniel Seijo.

Here are the details of Fuell's key team members:

Daniel Seijo: Co-Founder of Fuell and founder of 2 other companies, Diariomotor and Civeta.
Contact Info: 1 email address

View details of Fuell's Founder profiles and Board Members

Fuell's employee count trend

Fuell has 7 employees as of Apr 26. Here is Fuell's employee count trend over the years:

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Top competitors of Fuell include Workday, Kronos and Pleo. Here is the list of Top 10 competitors of Fuell, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Workday 2005, Pleasanton (United States), Public	Developer of cloud software for human resources finance and operations	$352M	Greylock Partners, T. Rowe Price & 11 others	88/100
2nd	Kronos 1977, Lowell (United States), Acquired	Provider of HCM software solutions for enterprises	$855M	GIC, Blackstone & 3 others	81/100
3rd	Pleo 2015, Copenhagen (Denmark), Series C	Provider of spend management platform with virtual and physical card options	$434M	Creandum, Kinnevik & 15 others	80/100
4th	Deel 2019, San Francisco (United States), Series E	Provider of software for payroll compliance and human resource management	$986M	Spark Capital, Andreessen Horowitz & 55 others	79/100
5th	Factorial 2016, Barcelona (Spain), Series D	Provider of business management software for human resources and finance	$369M	Tiger Global Management, CRV & 10 others	78/100
6th	Remote 2019, Amsterdam (Netherlands), Series C	Provider of employment infrastructure for payroll compliance and contractor management	$506M	SoftBank Vision Fund, Two Sigma Ventures ... & 27 others	77/100
7th	Spendesk 2016, Paris (France), Series C	Provider of software for managing corporate spending and invoice processing	$304M	Index Ventures, Tiger Global Management & 22 others	77/100
8th	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, American Express & 8 others	75/100
9th	SuccessFactors 2001, San Francisco (United States), Acquired	AI-powered human capital management solutions for workforce success and organizational agility	$79.8M	Notable Capital, Tugboat Ventures & 9 others	74/100
10th	Cegid 1983, Lyon (France), Late Stage	Provider of cloud-based management solutions for retail, finance, tax, and HR	$900K	Silver Lake, Loka Capital & 11 others	72/100
23rd	Fuell 2019, Madrid (Spain), Acquired	Provider of business management software for human resources and finance	$3.35M	Y Combinator, TheVentureCity & 5 others	46/100