FM Capital (Transportation Tech)
Overview
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 while 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. FM Capital's investment focus is primarily on early to mid-stage companies across a range of transportation technologies, including: AI and SaaS supporting dealership operations, aftermarket services and remarketing; autonomy and robotics, connectivity and fleet management, and new energy transition. The firm identifies trends and partners with teams who are both reinventing the movement of people and goods as well as redefining how transportation services are delivered and consumed.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Tekion | Oct 2021 | Series D | Co-investor |
| Gatik AI Inc. | Aug 2021 | Series B | - |
| Swift Navigation | Oct 2022 | Series D | - |
| Indigo Technologies | Apr 2025 | Series B Extension | Co-investor |
| PromptPath | Mar 2026 | Seed Round | Co-investor |
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Key People
Mark Norman
Managing Partner
Jake Sigal
Technology Operating Partner
Joe Hinrichs
Venture Partner, Advisor
Ron Frey
Venture Partner
Massimo Baldini
Strategic Advisor Technology Partner
Zachary Freed
Principal
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is FM Capital (Transportation Tech) based?
FM Capital (Transportation Tech) is headquartered in Boulder, Colorado, United States.
When was FM Capital (Transportation Tech) founded?
FM Capital (Transportation Tech) was founded in 2012.
How many portfolio companies does FM Capital (Transportation Tech) have?
FM Capital (Transportation Tech) has 27 portfolio companies in Caplight's dataset.
What are some companies in FM Capital (Transportation Tech)'s portfolio?
Portfolio companies visible on Caplight include Tekion, Gatik AI Inc., Swift Navigation, Indigo Technologies, PromptPath.
What was FM Capital (Transportation Tech)'s most recent investment shown here?
FM Capital (Transportation Tech)'s most recent investment in this portfolio sample was in PromptPath in 2026.
What sectors does FM Capital (Transportation Tech) focus on?
FM Capital (Transportation Tech) focuses on Enterprise Software, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Energy & Sustainability, Enterprise Software, Mobility, Transportation & Logistics, FinTech, Enterprise Software, Mobility, Transportation & Logistics, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, FinTech, Enterprise Software, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, Mobility, Transportation & Logistics, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Telecommunications & Networking, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Energy & Sustainability, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Consumer & Commerce, Enterprise Software, FinTech, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech.
What company stages does FM Capital (Transportation Tech) focus on?
FM Capital (Transportation Tech) typically invests at the Early stage.
What is FM Capital (Transportation Tech)'s AUM?
FM Capital (Transportation Tech)'s assets under management are estimated between $250.0M and $500.0M.