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Seattle VC firm Fuse reveals size of inaugural fund that has backed 17 Pacific Northwest startups

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Summary

Fuse, a Seattle-based early-stage venture capital firm, has raised $170 million for their inaugural fund, which has backed 17 B2B software startups in the Pacific Northwest. The firm plans to make 25-to-30 total investments, and has recently added Brendan Wales as a third general partner. They are among a crop of newer early-stage firms in Seattle hoping to capitalize on the city's startup activity. Seattle Seahawks star Bobby Wagner is a venture partner at Fuse.

Q&As

How much money did Fuse raise for its inaugural fund?
Fuse raised $170 million for its inaugural fund.

What type of startups is Fuse investing in?
Fuse is investing in B2B software startups.

Who are the key members of the Fuse team?
The key members of the Fuse team are Kellan Carter, Cameron Borumand, John Connors, Satbir Khanuja, Brendan Wales, Sara Lindquist, and Zane Khatib.

How many investments does Fuse plan to make?
Fuse plans to make 25-to-30 total investments.

What other venture capital firms are active in the Seattle area?
Other venture capital firms active in the Seattle area include Flying Fish, Pioneer Square Labs, Ascend, and Graham & Walker.

AI Comments

👍 It's great to see Fuse making investments in the Pacific Northwest to help create new jobs and opportunities for entrepreneurs.

👎 It's unfortunate that Fuse's inaugural fund is only investing in B2B software startups, leaving out many other potential business ventures.

AI Discussion

Me: It's about a Seattle VC firm called Fuse that recently revealed the size of its inaugural fund. They raised $170 million and have invested in 17 startups across the Pacific Northwest.

Friend: Wow. That's impressive. What are the implications of this?

Me: Well, the article mentions that there's a lot of startup activity in Seattle right now, so Fuse's fund is part of a larger trend of early-stage VC firms investing in the city. It could mean more opportunities for local startups, as well as more competition between firms. It could also lead to more investments in the Seattle area, which could benefit the local economy.

Action items

Research other venture capital firms in the Seattle area to compare and contrast their investment strategies.
Reach out to the Fuse team to learn more about their investment criteria and portfolio companies.
Attend GeekWire's Rooftop BBQ + Mariners Day on August 9th to network with other entrepreneurs and investors in the Pacific Northwest.

Technical terms

VC Firm: Venture Capital Firm - A venture capital firm is an investment firm that provides capital to companies in exchange for equity.
Inaugural Fund: An inaugural fund is a fund that is created for the first time.
B2B Software: Business-to-Business Software - Business-to-business software is software that is used by businesses to facilitate their operations.
Zuper: Zuper is a software company that provides software to help service companies.
Pictory: Pictory is a video automation startup.
Route Line: Route Line is an adventure travel startup.
Ignition Partners: Ignition Partners is a longtime Seattle-area firm.
General Partners: General partners are individuals who help to start a venture capital firm.
John Connors: John Connors is an Ignition managing partner and former Microsoft CFO.
Satbir Khanuja: Satbir Khanuja is a venture advisor at Ignition.
Bobby Wagner: Bobby Wagner is a Seattle Seahawks star and venture partner at Fuse.
Brendan Wales: Brendan Wales is a longtime Bay Area tech startup investor and Fuse's third general partner.
Sara Lindquist: Sara Lindquist is an associate at Fuse.
Zane Khatib: Zane Khatib is an associate at Fuse who recently joined from Brighton Jones.
Flying Fish: Flying Fish is a Seattle-based early-stage venture capital firm.
Pioneer Square Labs: Pioneer Square Labs is a Seattle-based early-stage venture capital firm.
Ascend: Ascend is a Seattle-based early-stage venture capital firm.
Graham & Walker: Graham & Walker is a Seattle-based early-stage venture capital firm.