VC firm
Fraser McCombs Capital
- Investor type
- VC
- Investing status
- Activeas of 2026-09-18Source (opens in a new tab)
- Assets under management
- $501MForm ADV private fund GAV, as of 2026-05-06Source (opens in a new tab)
- Funds
- 10
- Legal name
- FRASER MCCOMBS CAPITAL MANAGEMENT LLC
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Record updated 29 September 2026
About
FM Capital is a venture firm focused on transforming transportation. We partner with entrepreneurs to advance cleaner, safer, and more efficient movement of people and goods — while also reimagining the customer and dealer experience in vehicle sales and service. Our proprietary sourcing process delivers high-quality deal flow, and our hands-on engagement with management teams helps drive long-term portfolio performance. FM Capital is led by industry veterans with deep operational and investment expertise across the automotive and mobility landscape.
Investment approach
- Thesis
- While we believe the revolution in transportation offers significant opportunities to create value for our investors and portfolio companies, we also believe there are significant and positive social impacts of "getting it right". These include safer vehicles and roads, cleaner air, reduced global emissions, and access to mobility that is more efficient and more equitable for more people.Source (opens in a new tab)
- Investing status notes
- We partner with entrepreneurs to advance cleaner, safer, and more efficient movement of people and goods — while also reimagining the customer and dealer experience in vehicle sales and service.
Funds
- FM CAPITAL SPV D, LP
- SPV
- NEV FM INVESTMENT FUND LLC
- Main fund
- FM CAPITAL SPV A, LP
- SPV
- FM VENTURES IV LP
- Main fund
- FM CAPITAL GTK, LP
- Main fund
- FM CAPITAL SPV B, LP
- SPV
- FM CAPITAL SPV E, LP
- SPV
- FRASER MCCOMBS VENTURES III LP
- Main fund
- FM CAPITAL SPV F, LP
- SPV
- FM CAPITAL SPV C, LP
- SPV
SEC registration
- Registered adviser
- FRASER MCCOMBS CAPITAL MANAGEMENT LLC
- CRD number
- 309079 (opens in a new tab)
- SEC file number
- 802-127877
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $501Mas of 2026-05-06
- Private funds reported
- 9
Programs
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