Fuel Ventures lead Kepler’s pre-seed round We’re thrilled to announce that we are investing Kepler. The team are fully focused on developing our technology, building out our operations team, and launching our first corridor in Europe. What is Kepler? It’s a digital freight platform that aims to revolutionise the logistics industry by bringing in cutting edge tech solutions to cut transit times by 50% using a Relay led model. Why now? Their relay road freight services are designed to solve some of the biggest challenges the industry is facing, such as the driver shortage caused by difficult job ..read more

Fundpath secures £4m funding round with Fuel Ventures Fundpath, the data and technology business bridging the information disconnect between asset managers and wealth managers, today confirmed the completion of a £4m late seed funding round with Fuel Ventures. What is Fundpath? Launched in 2021, intelligent data-driven SaaS platform Fundpath, is transforming the traditional sales process, enabling fund buyers and allocators to share their business responsibilities, parameters, interests and intentions quickly and securely with asset management firms. This helps asset management fund distributi ..read more

PHINXT announces Wayve founder-backed £600,000 pre-seed round to scale its robotics solutions for SME warehouses •The oversubscribed round of £608,000 was led by Fuel Ventures •Other notable investors include Dhyan Ventures, Atlas Ventures, APX, and angels from Venture Together and Alma Angels •The two cofounders have between them 3 PhDs and over 20 years of related industry leadership experience PHINXT Robotics, a London-based startup, has raised over £600,000 for their pre-seed round from top VCs and angels, including the exited founder of autonomous systems startup Wayve, Amar Shah an ..read more

PLAYE raises pre-seed round, led by Haymarket Media Group, with Fuel Ventures and 1in100 Ventures Fuel Ventures has participated in a strategic pre-seed round in content creation platform, Playe. The startup enables brands to seamlessly partner with its global network of creatives, to create tailored content of any kind, wherever they need it. Playe provides the cloud based tools for this ecosystem to collaborate, and its unique infrastructure overcomes the locational cost and sustainability challenges traditionally associated with global content creation. Why now? The Covid-19 pandemic has pl ..read more

Data-led Legaltech App, MyNestBox, raises £1.3m in an oversubscribed Seed round led by Fuel Ventures MyNestBox, a digital platform and API that connects thousands of data sources to speed up home buying, has raised a £1.3 million seed round led by Fuel Ventures, alongside backing from numerous property law firms. MyNestBox features interactive and data-led on-demand “searches” for property lawyers. “Searches” are currently supplied as large PDF documents containing all the information a home buyer (and their lender) need to know, such as flood risk, subsidence, coal mining, and public rights o ..read more

The benefits of a VC market downturn? Valuation normalisation Valuations have come down from the extreme highs, upending the prevailing trend over the last couple of years and bringing both founders and investors expectations down to a sense of normality. This is beneficial for investors, who by definition are price takers, allowing them to enter at competitive prices, in turn increasing the probability of achieving a larger multiple on exit over the long term. In public markets, median ARR multiples for software companies have dropped from 16x (March 2021) to 4.4x (Nov 2022) due to a higher i ..read more

The benefits of investing in a VC market downturn Valuation normalisation Valuations have come down from the extreme highs, upending the prevailing trend over the last couple of years and bringing both founders and investors expectations down to a sense of normality. This is beneficial for investors, who by definition are price takers, allowing them to enter at competitive prices, in turn increasing the probability of achieving a larger multiple on exit over the long term. In public markets, median ARR multiples for software companies have dropped from 16x (March 2021) to 4.4x (Nov 2022) due t ..read more

Hotel Manager lands £1m investment from Fuel Ventures, leading early stage VC Pitchdrive and a host of other great investors What is Hotel Manager? The UK based company was founded in 2020, providing hotels with a suite of solutions, allowing hotels to combine the modules they need for their properties with an easy to use no-code platform. Mix and match modules like Chat, Check-In and Commerce enable hotels to supercharge revenues and rule operations. Hoteliers are able to launch their own guest facing applications to enable a new communication channel, promoting in-house services as well as ..read more

Searchland raises £2.3m to help developers solve housing crisis with automation Searchland, the next-generation platform for land sourcing, has raised £2.3m in seed funding from Fuel Ventures to help property developers build more homes. Having gained significant traction with developers since its launch last year, Searchland will use the funds to integrate additional datasets and further automate land sourcing processes so they can rapidly find, validate and acquire off market sites for development. What is Searchland? Searchland is the next-generation platform for land sourcing. By making de ..read more

Aide Health secures $1.2m to help patients manage long-term conditions Health-tech startup Aide Health has raised $1.2m in pre-seed funding led by Hambro Perks through its EIS fund, with participation from ourselves, 1818 Ventures and APX Ventures. What is Aide? Launched by co-founders Ian Wharton, CEO, and Brian Snyder, COO, Aide is a digital platform that helps patients and their clinicians better understand and manage long-term health conditions, currently affecting over 26 million people in the UK. In 50% of cases, people struggle to follow the treatment as prescribed by their clinician ..read more