We are excited to announce Fuel Ventures’ investment into Eilla AI as part of a $1,500,000 seed round, led by Eleven Ventures. Eilla AI is an Artificial Intelligence platform designed to power the M&A, VC and PE deal workflow by automating mundane tasks and supporting complex decision making. A huge congratulations to founders Nikola Lazarov, Nikolay Babulkov and Petar Petrov – we can’t wait to build something great together. What is Eilla AI? For M&A advisors and investors, one of the biggest time constraints is the volume of mundane tasks associated with the deal workflow. Eilla AI’s ..read more

We are excited to announce Fuel Ventures investment in Eleos as part of a $750,000 pre-seed funding round, joined by Indico Capital Partners, APX and Magic Fund, to make life and income protection insurance accessible for all. With two previous exits under the Eleos founding team belt, we can’t wait to see these guys innovate in this very exciting space. Congratulations Kiruba Eswaran, Nuno Costa and Antonio Garnier. What is Eleos? Eleos works in partnership with several popular brands, mostly other fintechs, to embed income protection insurance and life cover into their online journeys. By us ..read more

Slinger today announced a new round of pre-seed funding of £500,000. This round of funding was led by Fuel Ventures with participation from: Andrew Gale, Dan Cobley (Ex Google MD), Cornerstone Partners, Resolution Foundation, Tim Parsons (Wage Stream CFO), Ufi Ventures, Gary Elden (EX SThree CEO), Ben Westwood, Richard Ng, plus the Google for Startups Black Founders Fund, where Slinger was selected alongside 15 other business across Europe. What is Slinger? Slinger is a job platform that is revolutionising the hiring process in hospitality, and making the CV redundant. Currently Slinger is the ..read more

Correcto raise a $7 million seed round Correcto has closed their second round of investment (Seed) for a total of 7 million dollars being one of the highest for a Spanish startup. The round was led by Octopus Ventures and had participation from Carya Venture Partners and River Park Ventures. The funds will be used to accelerate product development, international expansion and an increase of the entire team and start expanding into Latin America, given the progress the team had achieved in Spain over the last couple of years. What is Correcto? Correcto is a writing tool for Spanish founded in 2 ..read more

Adam Harrison joins Fundpath as Chief Growth Officer Fundpath, the pioneering data and business intelligence business bridging the information disconnect between asset managers and wealth managers – the buyers and sellers of funds – is pleased to announce the appointment of Adam Harrison as Chief Growth Officer, a newly created role. An experienced entrepreneur, whose career in funds distribution spans more than 20 years, Adam was most recently a member of the founding team and Chief Commercial Officer of private markets investment platform, Titanbay. Prior to that, he was a founder of World G ..read more

Odore, the customer engagement platform empowering direct-to-consumer (D2C) brands to streamline their marketing efforts, today announces its $5 million Seed round led by Fuel Ventures with participation from existing investors. What is Odore? Odore is the preferred customer engagement platform for leading D2C brands. It drives brand effectiveness in customer acquisition and engagement across various online channels. Integrating data analytics with superior UX, Odore is revolutionising brand-customer interactions, making them more personalised, meaningful, and impactful. The Odore platform off ..read more

ChipFlow Raises £1.2M in Pre-Seed Funding ChipFlow Raises £1.2M in Pre-Seed Funding to Democratise Semiconductor Design Through Open-Source Software Tools The oversubscribed financing round, which was led by Fontinalis Partners, includes participation from Fuel Ventures, InMotion Ventures, the investment arm of JLR, APX, and others. ChipFlow, a UK startup building an open source semiconductor chip design platform (PaaS), today announces the completion of a £1.2M pre-seed round of financing. The round was led by Fontinalis Partners and included investments from Fuel Ventures, InMotion Ventures ..read more

Fuel Ventures lead SalesLynk’s £250,000 pre-seed round We’re investing alongside Redu co-founders Gary Hunter and Sam Morton are investing £250,000 in cyber security sales platform, SalesLynk. The investment into SalesLynk allows the team to focus on accelerating the development of their platform, building out the operations team, and launching fully commercially over the next few months. Gary and Sam will leverage their business expertise, network and experience in becoming board members. What is SalesLynk? It’s a sales intelligence platform for the cyber security industry. SalesLynk provides ..read more

Ambr, a burnout prevention software company, announced today that it has successfully closed its $900k pre-seed funding round. The investment was led by Fuel Ventures, with participation from Pi Labs, APX VC, Plug & Play, Loyal VC and a number of strategic angels. “We are thrilled to have closed our pre-seed round and are excited to move forward with our mission to prevent workplace burnout” said Zoe Stones, CEO & Co-founder of Ambr. “Burnout is not the inevitable consequence of hard work, and yet for too many individuals and organisations, its costs are real. With the rise of hybrid ..read more

Productive Machines, an artificial intelligence (AI) startup from The University of Sheffield Advanced Manufacturing Research Centre (AMRC), announced today that it has raised £2.2 million in Seed funding to make its advanced machine tool process optimisation technology available to a far wider range of manufacturers worldwide. We at Fuel Ventures co-invested alongside UK Innovation & Science Seed Fund (UKI2S) who led the round with participation from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund and ACT Venture Partners, alo ..read more