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    FM Capital

    Boulder, Colorado, United StatesFounded 2011
    www.fmcap.comLinkedIn
    Mobility & Transportation

    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.

    Average disclosed round size is $57.1M (across 29 rounds with reported amounts).

    Find people at FM Capital on Goldilocks AI

    Portfolio

    20

    Fund Size

    $240M

    Top Stage

    Series B

    Last 12 Mo

    0

    Team

    CF

    Chase Fraser

    Managing Partner

    MN

    Mark Norman

    Managing Partner

    ZF

    Zack Freed

    Managing Director

    JS

    Jake Sigal

    Technology Operating Partner

    JH

    Joe Hinrichs

    Venture Partner

    RF

    Ron Frey

    Venture Partner

    DG

    Dylan Grien

    Senior Associate

    JZ

    Joel Zimbrick

    Associate

    KL

    Kailia Lopez

    Senior Operations Coordinator

    KG

    Kerry Grant

    Administrative Assistant

    MM

    Meredith Murphy

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    30 investments
    CompanyRoundAmountDate
    BizzyCar logoBizzyCarSeries B$20MSep 2025
    Omni Design logoOmni DesignSeries A$35MSep 2025
    indiGOtech logoindiGOtechSeries B$54MApr 2025
    Omni Design logoOmni DesignSeries A$35MJan 2025
    BizzyCar logoBizzyCarGrowth$15MJan 2025
    BizzyCar logoBizzyCarSeries B$20MJan 2025
    Viaduct logoViaductSeries B$10MJan 2024
    Element Energy logoElement EnergySeries B$111MNov 2023
    Ravin AI logoRavin AIUnknown$30MMay 2023
    PH7 Technologies logoPH7 TechnologiesSeries A$16MMar 2023
    Outrider logoOutriderSeries C$73MJan 2023
    Swift Navigation logoSwift NavigationSeries D$100MOct 2022
    Invisible AI logoInvisible AISeries A$15MSep 2022
    Motorq logoMotorqSeries B$40MFeb 2022
    superpedestrian logosuperpedestrianSeries C$125MFeb 2022
    Gatik logoGatikSeries B—Aug 2021
    Tekion Corp. logoTekion Corp.Series D$250MJan 2021
    Gatik logoGatikSeries A$25MNov 2020
    Tekion Corp. logoTekion Corp.Series C$150MOct 2020
    Outrider logoOutriderSeed$53MFeb 2020
    Tekion Corp. logoTekion Corp.Series C$150MJan 2020
    Lunewave logoLunewaveSeries A$7MJan 2020
    Vroom logoVroomSeries G$146MDec 2018
    Lunewave logoLunewaveSeed$5MSep 2018
    Frontier Car Group logoFrontier Car GroupSeries B$58MMay 2018
    Page 1 of 2

    Top Co-Investors

    Intact Ventures5 shared
    New Enterprise Associates4 shared
    Koch Disruptive Technologies4 shared
    Innovation Endeavors4 shared
    Monta Vista Capital4 shared
    8VC3 shared
    Exor Ventures3 shared
    Advent International3 shared
    Index Ventures3 shared
    Dynamo3 shared
    Wittington Ventures3 shared
    General Catalyst2 shared
    Schematic Ventures2 shared
    Prologis2 shared
    Service Provider Capital2 shared
    Deepwater Asset Management2 shared
    Airbus Ventures2 shared
    Presidio Ventures2 shared
    Stanford's StartX Fund2 shared
    Avanta2 shared

    Last updated: 20 October 2026