FM Capital Announces $240 Million Fund Close – Largest to Date

BOULDER, Colo., April 07, 2025 (GLOBE NEWSWIRE) -- FM Capital, a venture capital firm focused on early-to-mid stage technology companies transforming the automotive and transportation industries has closed its Fund IV having raised $240 million. The oversubscribed round included a mix of new and existing investors from across the automotive ecosystem, including dealers, distributors, OEMs, suppliers, insurers and other industry-related entities.

"We're elated that the fund was oversubscribed by 20 percent, with the capital coming from the best and brightest in the automotive industry," said Chase Fraser, Managing Partner at FM Capital. "These investors aren't just backing a fund, they're leaning into what's next. For the ...