FM Capital

FM Capital is a venture capital firm dedicated to transforming the transportation industry through strategic investments in early to mid-stage technology companies. The firm focuses on advancing cleaner, safer, and more efficient movement of people and goods, while also reimagining the customer and dealer experience in vehicle sales and service. Their investment scope encompasses automotive technology, mobility solutions, artificial intelligence (AI), and Software-as-a-Service (SaaS) platforms within the transportation sector.

Founded in 2011, FM Capital is headquartered in Boulder, Colorado. The firm is led by Managing Partners Chase Fraser, who is also a founding partner, and Mark Norman. They recently announced the close of their fourth fund, Fund IV, having successfully raised $240 million. This oversubscribed round attracted a diverse group of new and existing investors from across the automotive ecosystem, including dealers, distributors, OEMs, suppliers, and insurers.

FM Capital employs a proprietary sourcing process to identify high-quality deal flow and engages actively with its portfolio companies' management teams to drive long-term performance. Their investment strategy targets companies that have demonstrated strong user engagement, achieved revenue traction, and are poised for rapid scaling. Notable investments include companies such as EPIC, EvenFlow AI, Orbee, Tekion Corporation, and Ravin AI Ltd., all contributing to innovation across various facets of the transportation landscape.

The firm's leadership team, including Managing Partners Chase Fraser and Mark Norman, along with key team members like Zachary Freed and Jake Sigal, brings deep operational and investment expertise to the automotive and mobility sectors. This collective experience enables FM Capital to provide not just capital, but also strategic guidance and a robust network to its portfolio companies, fostering innovation that extends beyond financial returns to create positive social impacts such as safer vehicles, cleaner air, and more equitable access to mobility.