Fuel.Ventures launches first EIS fund

Kenny Wastell
08 April 2015

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Recently founded UK venture capital house Fuel.Ventures has launched its first Enterprise Investment Scheme (EIS) fund, targeting the e-commerce sector.

The open-ended vehicle will seek to make seed and series-A investments in start-ups across the UK and Europe.

Fuel.Ventures EIS Fund 1 will be led by Mark Pearson, founder of e-commerce business Markco Media, which was acquired by Monetise in a £55m deal in 2014. Markco owned brands including discount voucher website MyVoucherCodes.

Fuel.Ventures portfolio companies include online marketing software business VE Interactive, voucher codes business VouChaCha and point-of-sale software provider Shopwave.

Paul Rous, formerly of Goldman Sachs, UBS and General Asset Management, is a co-founder of Fuel.Ventures.

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