Miami-based early-stage VC firm Fuel Venture Capital is looking to raise $300M for its Flagship Fund II.
Investors can participate in the funding by purchasing The Fuel VC
Note, a listed and transferable note that can be traded anytime
throughout its duration.
- The
fund will support technology and digital startups that are reshaping
business and consumer transactions, consumption, and employment.
- Fuel will also use the funds to make follow-on investments in portfolio companies, including Betr, Curve, RecargaPay, AEXLAB, and Novopayment.
- The current fund is nearly twice the size
of its predecessor, Flagship Fund I, which closed at $162M in February
2017 and thrice the size of its last $100M fund, FinTech Growth Fund,
from January 2020.
- Jeff Ransdell is the founding partner and managing director at Fuel Venture Capital.
