Investor profile
Fuel Ventures
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Fuel Ventures is a London-based, entrepreneur-led early-stage venture capital firm founded by Mark Pearson, who built and exited MyVoucherCodes for £55m. The firm invests between £150k and £3m into high-growth UK technology companies with early commercial traction, focusing on globally scalable marketplaces, platforms, SaaS, fintech, and AI-native software. It operates three tax-efficient fund structures — a Pre-seed SEIS Fund, a Scale-up EIS Fund, and a Follow-On EIS Fund — targeting companies from pre-seed through to Series A. Fuel takes a hands-on, operationally active approach, leveraging its founders' own experience building and exiting companies to provide not just capital but strategic mentorship, network introductions, and talent support. The firm seeks ambitious founders building disruptive, scalable businesses with the potential to become global, multi-billion-dollar companies, and has backed over 210 UK companies since inception, with notable exits including ContentCal (acquired by Adobe), Capdesk (acquired by Carta), and early investments in unicorns Paddle, Maven, and Lunar.
Notable quotes
“Whether it be non-AI focused businesses benefiting through efficiency gains or AI-focused startups transforming a whole industry, it's going to continue playing a major role in 2025.”
“As the Fuel Ventures portfolio begins to mature, we are seeing more potential to exit our positions and deliver significant returns.”
“Tobias and Mark are exactly the kind of experienced founders we look to back – combining decades of sector knowledge with the technical ambition to reimagine how an entire industry operates.”
Team
Recent investments
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Plug and Play Tech Center | 5 |
| 13books Capital | 2 |
| CommerzVentures | 2 |
| Antler | 2 |
| Founders Factory | 2 |
| WorkPlay Ventures | 1 |
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