Key Takeaways
- • Fuel Venture Capital appointed Selene Casabal as General Partner and Chief Venture Officer, making her the firm's first Silicon Valley director.
- • Casabal will lead Fuel's effort to deploy more than $100 million in investments targeting artificial intelligence companies.
- • Casabal brings over ten years of venture experience, including two startup exits, and a portfolio of 30 frontier technology companies such as Perplexity, Impulse Space, Replit, and Serve Robotics.
- • Fuel manages approximately $550 million across five funds and has deployed capital into more than 40 early-stage companies, according to the firm.
Summary
Fuel Venture Capital, a venture firm founded in 2017 with offices in Miami and San Francisco, has named Selene Casabal as General Partner and Chief Venture Officer, according to a Business Wire announcement. Casabal becomes the firm's first Silicon Valley director and will lead Fuel's effort to deploy more than $100 million in investments targeting artificial intelligence companies.
Casabal brings more than ten years of venture experience, including two industry-recognized startup exits. She founded and served as an executive operator at Re:store, b8ta, and Popshop Live, companies that collectively raised hundreds of millions of dollars from investors including Sequoia, Benchmark, and Khosla Ventures. Following her last exit, she was named an Innovation Advisor to Chanel's C-suite and joined Intel's Ignite accelerator to work with deep-tech founders. She also joined the Sequoia-affiliated Scout Fund as a Scout Partner, a program known for early investments in Uber, Stripe, and Canva.
Her personal angel portfolio spans 30 frontier technology companies, including Perplexity, Impulse Space, Replit, and Serve Robotics. Casabal was a fellow at South Park Commons, a San Francisco technologist community, during the period when teams later behind Anthropic and Cognition AI were developing early AI projects. Her investment thesis centers on AI disruption.
Jeff Ransdell, founder and managing partner at Fuel, said Casabal's addition establishes Fuel as a bicoastal firm combining founder-driven insights with AI expertise. Casabal said Fuel aims to give private investors access to innovation before companies trade publicly and to align leading companies with capital at every stage of growth.
Fuel currently manages approximately $550 million across five funds and has invested in more than 40 early-stage companies, including Replit, CookUnity, RecargaPay, Lunar, and Betr.
Casabal brings more than ten years of venture experience, including two industry-recognized startup exits. She founded and served as an executive operator at Re:store, b8ta, and Popshop Live, companies that collectively raised hundreds of millions of dollars from investors including Sequoia, Benchmark, and Khosla Ventures. Following her last exit, she was named an Innovation Advisor to Chanel's C-suite and joined Intel's Ignite accelerator to work with deep-tech founders. She also joined the Sequoia-affiliated Scout Fund as a Scout Partner, a program known for early investments in Uber, Stripe, and Canva.
Her personal angel portfolio spans 30 frontier technology companies, including Perplexity, Impulse Space, Replit, and Serve Robotics. Casabal was a fellow at South Park Commons, a San Francisco technologist community, during the period when teams later behind Anthropic and Cognition AI were developing early AI projects. Her investment thesis centers on AI disruption.
Jeff Ransdell, founder and managing partner at Fuel, said Casabal's addition establishes Fuel as a bicoastal firm combining founder-driven insights with AI expertise. Casabal said Fuel aims to give private investors access to innovation before companies trade publicly and to align leading companies with capital at every stage of growth.
Fuel currently manages approximately $550 million across five funds and has invested in more than 40 early-stage companies, including Replit, CookUnity, RecargaPay, Lunar, and Betr.
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