Latest fund size
$240M
Announced
April 7, 2025
Global HQ
Members only
Check size
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Stage focus
Members only
Regions of investment
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FM Capital is a venture capital firm based in Boulder, Colorado, established in 2011, with a focus on early-to-mid stage technology companies in the automotive and transportation sectors. The firm aims to advance cleaner, safer, and more efficient movement of people and goods, while also reimagining the customer and dealer experience in vehicle sales and service
FM Capital primarily invests in early to mid-stage companies across various transportation technologies, including AI and SaaS supporting dealership operations, aftermarket services and remarketing, autonomy and robotics, connectivity and fleet management, and new energy transition. The firm seeks companies that have generated excitement and loyalty among end-users, achieved revenue traction, and are interested in scaling rapidly by leveraging FM Capital's experience, track record, and network
Members only
What the fund looks for in founders and which sectors it backs.
In April 2025, FM Capital announced the close of its fourth fund, raising $240 million, marking its largest fund to date. The oversubscribed round included new and existing investors from across the automotive ecosystem, such as dealers, distributors, OEMs, suppliers, insurers, and other industry-related entities . The firm plans to back more than 20 transformative companies with initial investments ranging from $5 million to $15 million.
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Fund size, LPs and track record.
Leadership
FM Capital is led by Managing Partners Chase Fraser and Mark Norman, along with key team members including Jake Sigal and Zachary Freed.
Investment Strategy
The firm employs a proprietary sourcing process to deliver high-quality deal flow and engages hands-on with management teams to drive long-term portfolio performance. FM Capital identifies trends and partners with teams who are reinventing the movement of people and goods, as well as redefining how transportation services are delivered and consumed.
Notable Investments
FM Capital has invested in several promising companies in the automotive tech, transportation, and mobility sectors. Specific portfolio companies are not listed in the provided sources.
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Leadership, investment strategy, notable investments and exits.
