FM Capital (formerly Fraser McCombs Capital) is a Boulder-based venture capital firm focused on transforming transportation. It partners with early-to-mid-stage companies driving innovation in mobility, automotive technology, and the transportation ecosystem across North America and Western Europe.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Average disclosed round size is $62.5M (across 20 rounds with reported amounts).
Portfolio
19
Fund Size
$240M
Top Stage
Series B
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
22 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 BizzyCar | Series B | $20M | Sep 2025 |
 Omni Design | Series A | $35M | Sep 2025 |
| IindiGOtech | Series B | $54M | Apr 2025 |
| Omni Design | Series A | $35M | Jan 2025 |
 Viaduct | Series B | $10M | Jan 2024 |
 Element Energy | Series B | $111M | Nov 2023 |
 Ravin AI | Unknown | $30M | May 2023 |
 PH7 Technologies | Series A | $16M | Mar 2023 |
 Outrider | Series C | $73M | Jan 2023 |
 Swift Navigation | Series D | $100M | Oct 2022 |
 Invisible AI | Series A | $15M | Sep 2022 |
 Motorq | Series B | $40M | Feb 2022 |
 Superpedestrian | Series C | $125M | Feb 2022 |
 Gatik | Series B | — | Aug 2021 |
 Indio | Unknown | — | May 2021 |
| Gatik | Series A | $25M | Nov 2020 |
 Tekion | Series C | $150M | Oct 2020 |
| Outrider | Seed | $53M | Feb 2020 |
| TTekion Corp. | Series C | $150M | Jan 2020 |
 Vroom | Series G | $146M | Dec 2018 |
 Lunewave | Seed | $5M | Sep 2018 |
 Frontier Car Group | Series B | $58M | May 2018 |
Top Co-Investors
8VC3 shared
New Enterprise Associates3 shared
Koch Disruptive Technologies3 shared
Exor Ventures3 shared
Innovation Endeavors3 shared
Intact Ventures3 shared
General Catalyst2 shared
Schematic Ventures2 shared
Prologis2 shared
Service Provider Capital2 shared
Airbus Ventures2 shared
Advent International2 shared
Index Ventures2 shared
Dynamo2 shared
Wittington Ventures2 shared
Monta Vista Capital2 shared
Foothill Ventures2 shared
T. Rowe Price1 shared
AutoNation1 shared
L Catterton1 shared
Last updated: 8 September 2026