About FUSE
FUSE is a venture capital firm located in Bellevue, United States. As of Aug 2026, FUSE is an active investor, having invested in 50 companies, with 7 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series B round of Harell Data Overall, FUSE portfolio has seen 2 unicorns and 7 acquisitions including key companies like Splunk, Heroku and Star Cloud. A lot of funds co-invest with FUSE, with names like Liquid 2 Ventures sharing a substantial percentage of its portfolio. FUSE has team of 16 people including 12 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
Deals in last 12 months
FUSE's List of Top Investments
FUSE has a portfolio of 50 companies, including 2 unicorns. Their most notable investments are in GoodShip and General Compute AI.Their portfolio spans across United States, Canada, India and 1 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 20 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by FUSE:
1. Splunk
Provider of security and observability solutions that enable digital resilience. The platform offers unified security, full-stack observability, and custom applications. It helps organizations become more productive, compliant, and secure across various industries. The solutions include threat detection, investigation, and response, along with performance monitoring and troubleshooting.
Key facts about Splunk
- Founded Year: 2003
- Location: San Jose (United States)
- Annual Revenue: $1B+ as on Jan 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 8,586 as on Aug 31, 2026
- Investors: Sprout Capital Partners, August Capital and 19 Others
- Latest Funding Round: Post IPO, Oct 17, 2022, $*****
- Highlight: Acquired
2. Heroku
Saas based provider of integrated platform as a service solutions. It allows developers to deploy, scale, and manage applications. The platform offers a runtime environment to run and execute apps in real time. Its metrics feature provides insights into the application characteristics. It supports different programming language such as PHP, java, ruby, and more.
Key facts about Heroku
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $17M
- Employee Count: 136 as on Aug 31, 2026
- Investors: Harrison Metal, Redpoint Ventures and 16 Others
- Latest Funding Round: Series A, Mar 13, 2013, $*****
- Highlight: Acquired
3. Symend
Provider of key account management solutions for customer success teams. The company uses behavioral engagement solutions for engaging with the customers, thereby personalizing engagement based on each customer's needs.
Key facts about Symend
- Founded Year: 2016
- Location: Calgary (Canada)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $141M
- Employee Count: 85 as on Aug 31, 2026
- Investors: Inovia Capital, Export Development Canada and 20 Others
- Latest Funding Round: Series C, Apr 01, 2025, $*****
- Highlight: Editors' Pick
4. Zuper
Cloud-based service management solutions provider. The features include dispatching and tracking field employees, invoices and payments. The offering sectors are travel agencies, annual maintenance contractors, handymen, etc. Also provides real-time insights on the jobs in progress and on marketing campaigns for new and returning customers.
Key facts about Zuper
- Founded Year: 2016
- Location: Seattle (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $46.1M
- Employee Count: 289 as on Aug 31, 2026
- Investors: Prime Venture Partners, FUSE and 6 Others
- Latest Funding Round: Series B, Dec 13, 2023, $*****
- Highlight: Editors' Pick
5. Star Cloud
Provider of data center solutions for space. The platform uses solar energy and cooling to manage the data centers. It focuses on building a network of megawatt-scale data centers in space.
Key facts about Star Cloud
FUSE's Year-on-Year Investment Trends
FUSE has invested in 50 companies over the last 8 years, with an average of 7 new investments annually in the last 5 years. In 2025, it made 10 investments, while as of Aug 2026, it has made 7 investments in this year. Its most recent first time investment was in Harell Data and most recent follow-on round was in Portal Space Systems.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 1 | 7 |
2025 | 6 | 4 | 10 |
2024 | 7 | 2 | 9 |
2023 | 8 | 5 | 13 |
2022 | 6 | 1 | 7 |
2021 | 6 | 0 | 6 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
FUSE's Investments by Stage
FUSE has made 24 investments in Seed stage with an average round size of $7.69M, 12 investments in Series A stage with an average round size of $10.9M, 3 investments in Series B stage with an average round size of $20.3M and 1 investment in Series C stage with an average round size of $50M.Stage of entry | No. of Investments |
|---|---|
Seed | 24 |
Series A | 12 |
Series B | 3 |
Series C | 1 |
Note: We have considered here, only first round of investments
FUSE's Investments by Sector
FUSE has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Enterprise Infrastructure and FinTech. Notably, it has invested in 44 Tech companies, 42 Enterprise (B2B) companies, 37 Software companies and at least 29 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 29 |
High Tech | 12 |
Vertical SaaS | 8 |
Enterprise Infrastructure | 7 |
FinTech | 6 |
Others | 35 |
Note: We have considered here, only first round of investments
FUSE's Investments by Geography
FUSE has made most investments in United States (33), followed by Canada where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 33 |
Canada | 4 |
India | 2 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
FUSE's recent investments
FUSE has made 7 investments in 2026 so far. Harell Data and Prosper Medical are the latest among them.Here are the most recent investments by FUSE:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 17, 2026 | United States | Series B | 8005 | ||
Jul 23, 2026 | United States | Series B | 1569 | [+6] | |
May 29, 2026 | - | Seed | 5027 | [+1] | |
May 29, 2026 | United States | Seed | 6249 | [+1] | |
Apr 09, 2026 | United States | Series A | 4427 | [+4] |
Unicorns in FUSE's Portfolio
FUSE has 2 unicorns in its portfolio - Star Cloud and Icertis. The most recent unicorn in their portfolio is Star Cloud. It became a unicorn in 2026, 1 years after FUSE first invested in it.Here is a list of unicorns in FUSE's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of data center solutions for space | 2024 | Redmond | Series A | epmcwzv | ||
65 | Developer of software for contract lifecycle management and intelligence | 2009 | Bellevue | Series F | bqtrsny |
Acquired companies in FUSE's Portfolio
7 companies from FUSE's portfolio have been acquired. The most recent acquisition was Griptape in Feb 2026 by Foundry for $*****.Here are FUSE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 18, 2026 | Sep 19, 2023 | Series A | 8050 | |
Jun 11, 2025 | Dec 08, 2023 | Series A | 3601 | |
Sep 21, 2023 | - | - | 3337 | |
Jun 24, 2021 | - | - | 1156 | |
Feb 24, 2016 | - | - | 4889 |
Team profile of FUSE
FUSE has a team of 16 members including 12 Partners, 1 Venture Partner and 1 Principal located in United States and Canada. FUSE's team sits on the board of 2 companies.Here is a list of top team members in FUSE:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bellevue | |||
Partner | Seattle | |||
Partner | Seattle | - | ||
Partner | Seattle | - | - | |
Partner | Portsmouth | - | - | |
Partner | United States | - | - | |
Partner | Vancouver | - | - | |
Partner | Seattle | - | - | |
Partner | United States | - | - | |
Partner | United States | - | - |
Co-investors of FUSE
Over the past 8 years, 221 investors have co-invested in FUSE's portfolio companies. This includes funds and angels.
- Invested before FUSE: Y Combinator, Prime Venture Partners and 51 others have invested in rounds before FUSE. There are 5 companies where Y Combinator has invested before FUSE and 2 companies where Prime Venture Partners has invested before FUSE.
- Top Co-investors of FUSE: 108 investors entered a company along with FUSE. These include investors like Liquid 2 Ventures (3 companies).
- Invested after FUSE: A total of 60 investors have invested in FUSE's portfolio after their investments. Top Investors include Booz Allen Hamilton (2 companies), Benchmark (1 company) and EQT (1 company).
Recent News related to FUSE
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Prosper Medical Raises $16M to Scale AI-Powered Concierge Primary Care PlatformThe SaaS News•Jul 24, 2026•FUSE, Prosper Medical, Knoll Ventures, Aurum Partners and 2 others
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Has the hunt for AI compute uncovered the next Cerebras?TechCrunch+•May 28, 2026•General Compute, FUSE, Carya, Village Global
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Golden Analytics Raises $7M in Seed FundingFinSMEs•Apr 07, 2026•Breakers, Madrona, New Enterprise Associates, Golden Analytics and 2 others
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Starcloud Raises $170M Series A at $1.1bn Valuation Led by Benchmark and EQT VenturesBakersfield•Mar 30, 2026•Star Cloud, Benchmark Computer Solutions, EQT, Benchmark and 18 others
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Scala Raises $8.5M Funding to Transform Contact Centers Customer ExperienceMartech360•Feb 13, 2026•Madrona, FUSE, Scala AI, Scala
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Integrate raises $17M Series A to help companies and the US government jointly manage classified projectsTechCrunch+•Feb 11, 2026•FPV Ventures, Integrate, Integrate, FUSE and 6 others
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Search Party: $3.5 Million Raised For Helping Brands Control AI VisibilityPulse 2.0•Oct 11, 2025•FUSE, Search Party
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Envive raises $15M to build AI agents for online retailersGeekWire•Sep 16, 2025•Envive AI, Fusestudio, Coterie, Spanx and 3 others
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GoodShip Raises $25M to Accelerate the AI Era of Freight ManagementAccess Newswire•Aug 12, 2025•Greenfield Partners, GoodShip, FUSE, Ironspring Ventures and 4 others
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Quandri Secures US$12M Funding to Expand AI Automation for Insurance Agencies in North Americaintelligence360•Jul 31, 2025•Defined Capital, Quandri, FUSE, Framework Venture Partners and 1 other
