# Fuel50

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fuel50

- Industry: Software
- Headquarters: Laguna, US
- Website: www.fuel50.com
- Total disclosed funding: $32M
- Latest round: Series B (Apr 8, 2021)
- Investors on record: 4

## About

Based in California, US and founded in 2011, Fuel50, Inc. operates as an artificial intelligence-powered career mobility technology, empowering organizations worldwide in creating an agile workforce, build employee-driven career growth and drive internal talent mobility. In April 2021, the company raised USD 15.5 million in a Series B funding co-led by Shearwater Capital Group and PeakSpan Capital. As of August 2021, the company has raised USD 32 million in funding through Bonfire Ventures, Rincon Venture Partners, PeakSpan Capital, Shearwater Capital Group.

The company offers multiple marketplaces, including opportunity marketplace, talent marketplace, growth marketplace and next-gen AI Architecture solution. Opportunity marketplace helps the HR department of an organization by matching people to vacancies, new career journeys, projects, mentors, gigs and learning. Talent marketplace makes use of Artificial Intelligence to match people as per projects, vacancies, mentors, gigs and learning. Growth marketplace use hyper-personalized tools for matching people to learning modules, goal setting, and 360 feedback. AI architecture solution of the company is used to eliminate the never-ending, difficult and manual process of maintaining and creating job profiles. Also, the company offers services, including career journey, talent mobility, mentor matching, goal and objective setting, 360 feedback, and workforce architecture. 

The company generates revenue by providing career path software and services to the organizations, enabling them to deploy career agility, career enablement, and career development initiatives to retain, attract and engage the workforce. 

The company plans to use the proceeds from April 2021 Series B funding to expand its business across Australasia, EMEA and the US along with accelerating product innovation to talent intelligence and deep analytics.

## Funding rounds

- Series B, Apr 8, 2021, $16M — PeakSpan Capital, Shearwater Capital
- Series B, Aug 1, 2019, $14M — PeakSpan Capital
- Series A, Oct 4, 2017, $2.5M — Rincon Venture Partners, Bonfire Ventures

## Investors

- Rincon Venture Partners (https://capitalatlas.ai/funds/rincon-venture-partners) — Series A
- Bonfire Ventures (https://capitalatlas.ai/funds/bonfire-ventures) — Series A
- PeakSpan Capital (https://capitalatlas.ai/funds/peakspan-capital) — Series B
- Shearwater Capital — Series B