Portfolio companies
Across Fuel’s broader platform
About
Wall Street heritage. Silicon Valley vision.
Founded in 2017, Fuel Venture Capital connects founders, operators and investors. It is the strategic partner behind Cap-U Fuel Innovation 100.
Fuel Venture Capital · Firm-wide platform
As of 31 December 2025Assets under management
Approximately, across Fuel funds
Board seats
Active governance roles
A platform built through venture investing.
Fuel’s experience spans direct venture investments, sector-focused funds and co-investment vehicles. Its relationships connect the firm with companies and the people building them.
A distinct strategy for Cap-U Fuel Innovation 100.
The Fund seeks private-company exposure through employee option financing. Fuel’s broader portfolio and assets are separate from this Fund. Explore how the strategy works.
Source: Fuel Venture Capital company materials, as of 31 December 2025. Aggregated firm figures include Fuel-managed funds and co-investment vehicles. Cap-U Fuel Innovation 100 uses a different strategy and has no standalone performance record. Read sources & methodology.
Firm history · 2017–2026+
The Fuel Story
From Merrill Lynch beginnings to the institutional private-markets platform powering Cap-U Fuel Innovation 100.
-
Origin
Fuel Venture Capital founded
Bringing innovation economy access to investors.
Jeff Ransdell’s prior firm
-
Flagship I
Fuel Flagship Fund I
- Vintage
- 2018
Highlight
-
Fintech Growth
Fintech Growth Fund
- Vintage
- 2020
- Companies
- 51
Highlight
RecargaPay -
Co-investments
Co-Investment Fund
- Special purpose vehicles
- 421
- Access
- LPs only
-
Flagship II
Fuel Flagship Fund II
- Vintage
- 2023
Recent investments
betr
- RecargaPay
-
The next chapter
Cap-U Fuel Innovation 100
Late-stage, pre-exit tech companies.
Employee focused.
Investor driven.Explore the Fund
1 As of 31 December 2025. LPs: limited partners. Years follow Fuel’s history timeline; Flagship Fund II has a 2023 vintage and appears at the 2025 milestone. Company logos identify selected Fuel portfolio relationships and do not imply endorsement or holdings of Cap-U Fuel Innovation 100. Prior-firm affiliations are shown for professional background only. Past performance of Fuel Venture Capital and its affiliated funds does not predict results for Cap-U Fuel Innovation 100, which uses a different strategy.
The people behind the platform
Experience. With perspective.
Experience across wealth management, public markets, venture capital and employee equity.
Founder & Managing Partner
Jeff Ransdell
Founded Fuel Venture Capital in 2017. Previously one of six executives leading Merrill Lynch’s wealth management division.
Managing Partner & Chief Investment Officer
Maggie Vo, CFA
Leads Fuel’s investment function, drawing on prior experience as a portfolio manager at Blue Shores Capital.
Strategic Partner · Cap-U Fuel Innovation 100
Oren Barzilai
Founder and CEO of Equitybee, bringing experience in employee stock option financing to the strategy.
Investment, operations & investor relations.
Olivia Gaudree
Partner · Head of Operations & Compliance
Daniel Gusev
Principal · Fintech & Infrastructure
Wilson Tsai
Principal · San Francisco
Tempel Ransdell
Head of Investor Relations
Anuj Maheshwari, CFA
Investment Associate
Extended team & venture partners
- Mellica FrehnerFund Operations & Reporting
- Juan Pablo MiroVenture Partner · Latin America
- Dr. Hasnae TalebVenture Partner · Gulf Cooperation Council
- Emilio EscarpínVenture Partner · Europe & Middle East
- Jared ShapiroFuel Station · Marketing & PR
- Danh LuongFuel Station · Director of Technology
Roles and biographies are presented in Fuel company materials. Prior-firm affiliations illustrate professional background and do not imply endorsement, partnership or a continuing relationship. Prior experience is not indicative of future Fund results.
Selected broader Fuel portfolio
Companies Fuel has backed.
Selected relationships across Fuel’s funds and vehicles, spanning software, fintech and consumer businesses.
This selection represents broader Fuel portfolio relationships, not the current holdings of Cap-U Fuel Innovation 100. It is illustrative and incomplete. Logos do not imply endorsement of the Fund. Past performance is not indicative of future results.
View current Fund exposuresReporting, interviews & perspectives
Fuel in the media.
Reporting and conversations with Fuel’s people and broader portfolio.
Latest coverage first · Undated interviews follow
Jeff Ransdell Discusses Bringing Venture Capital Access to Private Wealth
Podcast · Episode 190
Listen to episode
Women’s History Month: Expanding Who Writes the Checks in Venture Capital
Op-ed · By Maggie Vo, CFA
Read article
Meet The $9 Billion AI Company Reimagining Vibe Coding
Feature · Replit
Read article
Partnering with CookUnity to Deliver Award-Winning, Chef-Prepared Meals
Company announcement · CookUnity
Read announcement
How Venture Capitalist Jeff Ransdell Created His Dream Office During The Pandemic
Feature · Fuel’s Miami office
Read article
NYSE Live: Maggie Vo Discusses Female Founders & Women’s History Month
Video interview
Watch segment
Fuel Founding Partner Joins NYSE Live · On the floor of the NYSE
Video interview
Watch interview
"The Next Big Risk: Deflation": Maggie Vo, CFA on private markets
Television interview · Maggie Vo, CFA
Linked stories open the publisher, podcast or original social post in a new tab. Access may require a subscription or sign-in. Media coverage should not be relied upon for an investment decision.
Explore the strategy behind the Fund.
See how Cap-U Fuel Innovation 100 uses employee option financing, or request the offering information from Capital United.