Fuse
Facts
- HQ
- not provided in text
- Sectors
- Venture Capital, Software, Artificial Intelligence
- Last fund
- Fuse Venture Partners III, LP · 2026 SEC Form D
- Funds raised
- 3 funds SEC Form D filings
- Total capital
- $13.5M SEC Form D filings
Outreach Co‑founder Manny Medina’s London Startup Paid Raises $21M Seed to Rework SaaS Pricing for AI Era
Outreach co-founder Manny Medina has launched Paid, a London-headquartered startup that helps software companies shift pricing for the AI era, and announced a $21 million seed round as the company has raised over $33 million total.
Manny Medina’s AI Billing Startup Paid Raises $21M Seed Round Led by Lightspeed, Valued Above $100M
Manny Medina, former CEO of Outreach, has launched Paid, a London-based startup focused on AI agent billing, securing $21 million in seed funding led by Lightspeed. Paid aims to help companies monetize AI agents with innovative pricing models, and it is already valued at over $100 million.
Envive Raises $15M Series A Led by FUSE to Expand AI Agents for Retailers Including Spanx and Supergoop!
Envive, a Seattle-based startup building AI agents for online retailers, raised $15 million in a Series A round led by FUSE to enhance customer engagement and search visibility. The company, whose clients include Spanx and Supergoop!, expects 5X revenue growth this year as it advances autonomous retail AI technologies.
Seattle Software Startup Aurelian Raises $14M Series A to Use AI for 911 Non-Emergency Call Support
Seattle startup Aurelian, founded by James Liu and Max Keenan, pivoted from a personal search product to using AI and voice tech for 911 call centers to handle non-emergency calls, recently raising $14 million in Series A funding.
Aurelian Raises $14 Million Series A Led by NEA to Automate Non-Emergency 911 Calls
Aurelian, a Seattle-based AI company that automates non-emergency 911 calls, raised $14 million in a Series A round led by NEA with participation from Y Combinator, FUSE, Liquid 2, and Palm Drive Capital.
GoodShip Raises $25 Million and Opens First Bellevue Office Following 10x Revenue Growth in 2024
GoodShip, a logistics software startup founded in 2022, raised $25 million to open its first office in Bellevue, Washington, after growing its annual recurring revenue tenfold in 2024. The company serves notable clients like Kellanova and Tropicana and is backed by investors including Greenfield Partners and Bessemer Venture Partners.
Nikesh Parekh Advises Microsoft and Amazon Execs on Engaging with Seattle Startups as Advisors, Board Members, and Investors
Nikesh Parekh shares a guide for Microsoft and Amazon employees on engaging with the Seattle startup ecosystem through roles like advisors or board members and by strategic investing, highlighting common practices and compensation details.
Seattle Startup Gone.com Raises $6.3M to Provide Free Used Item Pickup and Resale Marketplace
Seattle startup Gone.com raised $6.3 million to offer free pickups of used items for resale through AI-driven logistics and pricing, operating both online and in a Renton storefront. Founded by former Amazon and OfferUp leaders, the company aims to streamline the secondhand goods economy by converting unwanted items into resale value.
Report: "Cascadian Dynamism"—Pacific Northwest startups marry AI and physical systems across fusion, satellites, robotics and energy
The Pacific Northwest is spawning a cluster of engineering-heavy startups—what the author calls "Cascadian Dynamism"—that combine AI with physical systems (autonomy, fusion, satellites, robotics, energy) driven by regional talent, infrastructure, and nearby enterprise and federal customers.
DoorDash Acquires Seattle Adtech Startup Symbiosys for $175 Million to Expand Off-Site Advertising
DoorDash acquired Seattle-based adtech startup Symbiosys for $175 million to enhance its off-site advertising capabilities. Founded by former Google and Microsoft ad leader Bashar Kachachi, Symbiosys helps retailers sell ads across digital channels like Google and Instagram.
DoorDash Acquires Symbiosys to Enhance Retail Media Capabilities
Symbiosys, a platform empowering retailers to scale media networks through offsite ads and first-party data, has been acquired by DoorDash to accelerate its mission and expand its impact. The company will continue operating under its own brand while leveraging DoorDash’s scale and relationships.
Pay-i announces $4.9M seed round as Bellevue startup launches ROI platform for generative AI
Bellevue-based Pay-i, an intelligence platform that measures returns from generative AI investments, announced it is coming out of stealth with $4.9 million in seed funding and is now generally available across major cloud providers and models. The September 2023-founded startup — led by co-founders David Tepper, Doron Holan and Erik Winters — will use the funds to accelerate product development and expand enterprise adoption.
Microsoft Veterans’ Startup Pay-i Raises $4.9M to Quantify ROI of Generative AI Investments
Seattle startup Pay-i, founded by Microsoft veterans, raised $4.9 million to develop software that measures the ROI of generative AI initiatives by linking usage data to business KPIs. The company aims to provide real-time insights on AI value creation and projects over $2 million ARR by 2026.
Seattle Startup Loti Secures $16.2M Series A to Combat Deepfakes and Protect Digital Likeness
Seattle startup Loti raised $16.2 million in a Series A round led by Khosla Ventures to protect celebrities and consumers from deepfakes using advanced facial and voice recognition technology. Loti helps clients monitor and manage digital likeness misuse, including fake endorsements and AI-generated content, with partnerships including major talent agencies and support from emerging legislation like the No Fakes Act.
Fuse leads $10M Seed in Avante to build AI-powered infrastructure for employer healthcare benefits
Fuse led a $10 million Seed round, joined by HighSage Ventures, in Avante—an infrastructure platform that centralizes benefits data and uses AI to help employers manage employee healthcare more efficiently. Avante, led by CEO Rohan D’Souza and co-founder Carly Eckert, plans to expand its team and hire five roles as it scales its platform to reduce administrative burden and improve benefits outcomes.
Portal Space Systems Raises $17.5M to Develop Solar Thermal Propulsion Spacecraft with 2026 Launch
Portal Space Systems raised $17.5 million in seed funding led by AlleyCorp to develop its Supernova spacecraft, which uses solar thermal propulsion for rapid orbital maneuvers. The company plans to demonstrate the technology with a launch scheduled for mid-2026.
Madrona Venture Group Marks 30 Years with $770M Raised for New Funds, Continuing Strong Seattle Investments
Madrona Venture Group, a Seattle-based venture capital firm celebrating its 30th anniversary, has invested in major startups like Amazon and recently raised $770 million for two new funds to support about 40 investments. While expanding beyond the Pacific Northwest with a Palo Alto office, Madrona continues to focus most of its investments locally.
Flexport Sues Freightmate Founders for Trade Secret Theft to Launch Seattle Startup
Logistics company Flexport has filed a federal lawsuit against Freightmate and its founders, alleging theft of thousands of confidential files and trade secrets to launch a competing startup in Seattle. Flexport accuses Freightmate's CEO Bryan Lacaillade and CTO Jason Zhao of secretly conspiring while employed at Flexport, resulting in claims for monetary damages, injunctive relief, and destruction of stolen materials.
Seattle Venture Capitalists Say AI Boosts Startup Opportunities but Competition Is Fierce
Seattle-area venture capitalists highlight that AI advancements make now an excellent time to start startups due to lower capital needs and broad industry opportunities, but warn of intense competition as many similar ventures emerge rapidly. Founders are encouraged to develop unique advantages to stand out and attract investment amid a flood of new ideas and competitors.
Starcloud Raises $10M More, Totaling $21M Seed to Launch Solar-Powered Orbital Data Centers
Starcloud, formerly Lumen Orbit, has raised a total of $21 million in seed funding to develop space-based data centers powered by large solar panel arrays. These orbital data centers aim to reduce terrestrial data center impacts and improve processing of satellite data by handling computations in space.
Freightmate, Founded by Former Flexport and Amazon Employees, Raises $5M Seed to Automate Freight Forwarding Documents
Freightmate, a Seattle-based startup founded by ex-Flexport and Amazon veterans, raised $5 million in seed funding led by Fuse to automate document and data processing for freight forwarders. Its product, Docmate, digitizes and validates shipment documents, helping freight forwarders reduce errors and save time.
Seattle Venture Firm Fuse Launches $1M Space Startup Program Backed by $250M Fund in 2023
Seattle-based venture capital firm Fuse has launched the Fuse Space Program to invest $1 million or more in promising early-stage space startups, focusing on the Seattle space ecosystem. Backed by a $250 million fund raised in 2023, Fuse plans to support around 10 companies, leveraging expertise from leaders of Lumen Orbit and Quindar.
Expedia Appoints Scott Schenkel as CFO Amid C-Suite Changes; Ex-Microsoft AI VP Luis Vargas Launches AI Startup
Expedia Group appointed Scott Schenkel as its new CFO, succeeding Julie Whalen, amid broader executive changes including CEO Ariane Gorin's leadership. Meanwhile, former Microsoft AI VP Luis Vargas left to start a new AI startup as chief technologist.
Seattle Startup Lumen Orbit Raises $11M Seed Round to Build Space-Based Data Centers for AI
Lumen Orbit, a Seattle-area startup founded in 2023, raised $11 million in seed funding to develop data centers in space for AI and technology services on Earth. The company, valued at $40 million, plans to launch a full-scale prototype in 2025 and is led by CEO Philip Johnston and co-founders with aerospace and space tech backgrounds.
Highspot Takes No. 1 Spot on GeekWire 200 Startup Ranking After Outreach’s Layoffs and CEO Departure
Seattle-based sales enablement company Highspot has claimed the No. 1 spot on GeekWire's 200 ranking of privately held startups in the Pacific Northwest, replacing Outreach which recently downsized and saw its CEO step down. The GeekWire 200 ranking reflects changes in the dynamic startup landscape based on factors like funding, employee growth, and layoffs.
Fund History
People
See all 5-
Brendan Wales Founder, Co-founder and Founding Partner
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Cameron Borumand Founder, Co-Founder and General Partner
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John Connors Executive, Former CFO of Microsoft, Operating Partner
