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Fuse Venture Partners

Fuse, branded FUSE, is a Seattle early-stage venture firm that spun out of Ignition Partners in 2020 and backs B2B and vertical software, developer tools, marketplaces and small-business software. It invests globally but is built around the Pacific Northwest, and has led rounds into Canadian companies from Calgary and Vancouver.

Venture capitalSeattleFounded 2020fuse.vc
just under $200Mraised to back technology businesses, as stated on stage — TechTO stage 2021-12-03TechTO Founders & Funding 2021-12-03
$118M+first fund, per SEC filings reported in April 2021GeekWire
300+operators, executives and founders in the network the firm makes available to portfolio companiesFuse

The people

Brendan WalesCo-founder & General Partner · 1 TechTO talk
Mike BignoldFounder & CEO · 1 TechTO talk
KC
Kellan CarterFounding General Partnerprofile coming
CB
Cameron BorumandFounding General Partnerprofile coming

What they build

Early-stage lead investment in B2B and vertical software
Operator network of executives and founders for portfolio companies

Open roles via the TechTO Job Board

Working at Fuse Venture Partners

Browse open roles across the community on the TechTO Job Board — Canada’s most connected tech network. Fuse Venture Partners’s roles show up here whenever they post.

Open roles on the TechTO Job Board ↗Or their own careers page: fuse.vc/careers ↗

Jobs live on jobs.techto.org — the only structured source. We link to it rather than scraping career sites, so the board is always the source of truth.

On the TechTO stage

Every talk is searchable — ask the archive about Fuse Venture Partners

About

Fuse was founded in 2020 as a spinout of Ignition Partners, the long-running Seattle enterprise firm, with the thesis that the Pacific Northwest deserved a dedicated early-stage lead investor rather than fly-in cheques from the Bay Area. Kellan Carter and Cameron Borumand started it and were joined in 2021 by Brendan Wales, who moved from the Bay Area as the third founding general partner after nine years at e.ventures, now Headline. The firm invests in enterprise and vertical software, artificial intelligence, developer tools, open source, marketplaces and software for small businesses, and puts a network of several hundred operators and executives around its companies. Wales told TechTO in December 2021 that the firm had raised just under $200 million to back technology businesses globally with a Pacific Northwest focus, and that its judgement on small-business software rests on logo growth — how many new customers arrive month over month — rather than on absolute revenue scale. Fuse led the round into Calgary's CostCertified, now Bolster, and had two Vancouver investments and one in Calgary at the time of that conversation.

Backers

A venture fund rather than an operating company; its limited partners are not disclosed publicly.

More from TechTO ×1

Quick answers

What does Fuse invest in?

Early-stage B2B and vertical software, developer tools, open source, marketplaces and small-business software, plus AI and hardware-software companies. It invests globally but is anchored in the Pacific Northwest, and it leads rounds.

Who runs Fuse?

Three founding general partners: Kellan Carter, Cameron Borumand and Brendan Wales. Carter and Borumand started the firm as a spinout of Ignition Partners in 2020; Wales joined from the Bay Area in 2021 as the third founding partner.

What is Fuse's Canadian connection?

It backs Canadian companies directly. Wales said on the TechTO stage in December 2021 that Fuse had two investments in Vancouver and one in Calgary, plus Calgary-based co-investors — and Fuse led the round into CostCertified, the Calgary construction-quoting company now called Bolster.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 13, 2026