1 minute read | September.28.2023
FUSE has launched its oversubscribed $250M sophomore fund to continue its mission of supporting leading startups in the Pacific Northwest.
Orrick advised FUSE on the formation of the oversubscribed fund.
FUSE is an early-stage venture capital firm investing in emerging enterprise software and AI-enabled startups in Seattle and the broader Pacific Northwest, including western Canada.
Founded in 2020, FUSE raised $170M for its inaugural fund and now has over $420M in committed capital.
With the new fund and capital, FUSE said it “will lead Seed and Series A rounds, with check sizes ranging from $1M to $10M for “the next generation of B2B technology entrepreneurs building category-defining businesses of lasting value.”
Cameron Borumand, one of FUSE’s three founding partners, said the firm is elated to launch the fund.
"We are fortunate to have some of the most notable names in the PNW as LPs which creates a unique ecosystem for our portfolio companies to garner expertise, customers, and potential future M&A opportunities,” he said.
Orrick’s Max Cantor led a team advising FUSE that included Matt Janosko, Dolph Hellman, Kenneth Rasamny, Perry Teicher and Grady Bolding.