London-based investment fund Fuel Ventures has raised £20 million in its third fund since launching in 2014, having grown to a portfolio of more than 20 companies. Founded by award-winning entrepreneur, Mark Pearson, best known for founding several high profile online ventures such as MyVoucherCodes and with a team of experienced entrepreneurs in its principal team, Fuel Ventures was created by founders for founders. It’s one of the rare funds that gives 100% EIS tax relief to UK investors, with others investing alongside.