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The Venture Codex

Fuel Ventures

22 Bishopsgate, London, EC2N 4AJ, United Kingdom

Overview

Fuel Ventures is a technology fund focusing on marketplaces, fintech, platforms, and SaaS startups in the UK. The Fuel Ventures Portfolio (the "Fund") invests at the most lucrative early stages of internet technology companies that have exceptional growth potential and substantial returns can be achieved. The Fund focuses on marketplaces, platforms, and SaaS business models, identifying investments in seed and growth stages. Bringing together great entrepreneurs into an environment of innovation, collaboration, and support in RocketSpace in the heart of London. We provide a unique combination of mentorship, experience, and access to the investment required to drive a business and ideas to success. Founded in 2015 by entrepreneur and investor Mark Pearson, Fuel Ventures is focused on bringing a unique approach to early-stage investment.

Total investments
138
Lead investments
98
Investments · 12mo
24
Active investors
2

Sector focus

  • Finance
  • Financial Services
  • FinTech
  • Marketplace
  • SaaS
  • Software
  • Venture Capital
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Investment portfolio

  • Stoa

    Participated · Seed · Jul 2026

    Stoa operates a cash management platform that lets consumers and businesses place funds into fixed-term "Stoa Pots" and receive upfront rewards from partner brands. The platform is live in the UK for both retail and SME customers, with deposits held by regulated banking partners and eligible funds protected under the Financial Services Compensation Scheme (FSCS). Stoa combines behavioural finance, embedded banking infrastructure and merchant partnerships to connect financial institutions, brands and customers. The company frames its opportunity around large pools of low-yield cash in the UK, citing more than £600 billion in low- or non-interest consumer accounts and over £250 billion in SME cash reserves. Stoa plans to use recent funding to develop product features, expand partnership networks, and launch in the US by building relationships with financial institutions and merchants there.

  • Misti AI

    Led · Seed · Jun 2026

    Misti AI develops a Physical Observability platform that converts passive video streams from existing camera networks into structured, real-time indicators such as site awareness, safety compliance, process deviations, and operational risk. Its technical approach runs inference on-site using edge AI combined with vision-language models, which is designed for low-connectivity, harsh environments like mines, energy assets, logistics yards, and distributed process sites. The company has begun initial deployments across remote industrial operations in Latin America, including mining and energy sites in Peru. Misti AI is part of the NVIDIA Inception Program, receiving technical and ecosystem support as it builds scalable AI infrastructure for industrial environments. Financially, it has raised $336,000 (£250,000) in a pre-seed round led by Fuel Ventures and is continuing to fundraise toward a £500,000 ($673,000) target. The near-term plan is to convert early field evidence into repeatable deployment models to scale across heavy industry.

  • PANTA

    Led · Seed · May 2026

    PANTA offers cloud-based software for creating indexes and managing portfolios, positioning itself in the fintech space. The company is headquartered in London, United Kingdom. Public reporting about the fundraise mentions Tobias Sproehnle, CFA and Mark Pralle in connection with the company. The business announced a seed equity raise, indicating it is in an early stage of growth. No revenue, user metrics, product roadmap specifics, or detailed financials were disclosed in the articles.

  • Arrival

    Led · Seed · Apr 2026

    Arrival provides a consumer-facing onboarding flow that consolidates electricity, gas, water, broadband, council tax, TV licence and rent into a single process and charges a flat £12.99 management fee while promising the cheapest available tariffs. On the B2B side it sells time savings to letting agents and build-to-rent operators, citing average savings of 90 minutes of administrative time per property and a managed rent collection service it says is up to four times cheaper than competitors such as OpenRent. The company was founded by Harry Hanlon and is based in London; it has hired Clare Johnson from property management group Centrick to lead its push into institutional landlords. Arrival has set a target of one million units under management by the end of the year and plans to deploy the fresh capital to grow in the fast-expanding build-to-rent sector. The articles reference market context—roughly 4.6 million privately rented households in England and estimated landlord rent arrears of more than £470 million a year—to frame the opportunity and demand for Arrival’s services.

  • Locai

    Led · Seed · Apr 2026

    Locai develops off-cloud AI infrastructure that enables AI inference to run on end-user devices rather than on third-party cloud servers. The company says this approach converts rising, variable cloud API costs and margin liabilities into predictable fixed costs and improves control over data sovereignty. Locai targets SaaS and desktop AI vendors—such as makers of meeting tools, writing platforms, code assistants and customer support products—that currently face per-API-call cloud billing. It aims to drive demand from CTOs, VPs of engineering and founders as those customers transition to an on-device model. Locai participated in the Google for Startups Accelerator initial cohort. Financially, the startup has just completed a £1M pre-seed round led by Fuel Ventures to scale go-to-market activities.

Team