Fraser McCombs Capital, now known as FM Capital, is a venture capital firm that invests in early to mid-stage technology companies within the automotive and transportation sectors. Their strategy focuses on identifying disruptive technologies that can fundamentally change the automotive business, aiming to advance cleaner, safer, and more efficient movement of people and goods, and redefine the customer and dealer experience.
50% of their portfolio is in Logistics & Supply Chain. Average disclosed round size is $77.5M (across 4 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series G
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
4 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Outrider | Seed | $53M | Feb 2020 |
 Vroom | Series G | $146M | Dec 2018 |
 Frontier Car Group | Series B | $58M | May 2018 |
| Outrider | Series C | $53M | — |
Top Co-Investors
8VC2 shared
NEA (New Enterprise Associates)2 shared
Koch Disruptive Technologies2 shared
Prologis2 shared
Schematic Ventures2 shared
Loup Ventures2 shared
T. Rowe Price1 shared
General Catalyst1 shared
AutoNation1 shared
L Catterton1 shared
Balderton Capital1 shared
TPG1 shared
AutoTech Ventures1 shared
Last updated: 10 April 2026