Fraser McCombs Ventures III

Fraser McCombs Capital, LLC is a venture capital firm founded in 2012 and based in Boulder, Colorado, with additional offices in Boston, Chicago, Seattle, and San Antonio. The firm specializes in providing investment capital and advisory services to startups and early to mid-stage companies, particularly within the automotive technology sector. It focuses on cutting-edge technologies in the automotive industry as well as mobile and niche technologies across specific verticals. Fraser McCombs Capital aims to support best-in-class automotive companies and has a strong commitment to fostering innovation within the transportation sector.

Mark Norman

Managing Partner

20 past transactions

Optimus Ride

Series B in 2019
Optimus Ride is a self-driving vehicle company based in Boston, Massachusetts, that focuses on developing technologies for efficient, sustainable, and equitable mobility systems. As a spinoff from the Massachusetts Institute of Technology, the company leverages over 30 years of interdisciplinary research in self-driving technologies, electric vehicles, and mobility-on-demand systems. Its technology integrates advancements in sensor fusion, mapping, computer vision, and machine learning, tailored for geofenced environments. The team comprises individuals with extensive industrial and entrepreneurial experience in areas such as manufacturing robotics, urban design, and shared vehicle fleet management, enabling diverse applications ranging from commercial vessel operations to transit solutions.

what3words

Series C in 2019
What3Words Limited offers a universal addressing solution that simplifies location communication by dividing the world into a grid of 3m x 3m squares, each identified by a unique three-word address. This innovative approach allows users to easily specify precise locations, such as delivery points, event venues, or emergency sites. The service is accessible through a free mobile app and an online map, and it can be integrated into other applications, platforms, or websites via a simple API. What3Words serves a wide range of industries, including delivery, emergency response, tourism, and national mapping, contributing to social and economic progress, particularly in developing regions. Founded in 2013, What3Words is headquartered in Baldock, United Kingdom.

GuardKnox

Series A in 2019
GuardKnox Cyber Technologies Ltd. specializes in cybersecurity hardware solutions for the automotive industry, focusing on the protection of passenger cars, commercial vehicles, and mass transportation systems. Established in 2016 and headquartered in Rosh Haayin, Israel, with a subsidiary in Detroit, the company offers a Secure Network Orchestrator (SNO), which acts as a centralized electronic control unit (ECU) to safeguard vehicle networks. The SNO provides essential security services for infotainment, telematics, and other ECUs that communicate externally, effectively preventing remote hacking attempts. Drawing on over two decades of experience in cybersecurity from the Israeli Air Force, GuardKnox is dedicated to delivering robust solutions that protect users from critical cyber threats, enhancing both physical safety and the security of personal information in connected vehicles.

RAVIN

Seed Round in 2019
Ravin AI Limited specializes in developing an artificial intelligence-based platform that facilitates vehicle inspection and monitoring for various industries, including car rental, leasing, and commercial fleets. Founded in 2018 and based in London, the company offers software solutions for fleet tracking, insurance claim processing, and generating used car condition reports. Utilizing autonomous AI and computer vision technology, Ravin's platform enables users to inspect vehicles through standard mobile or stationary cameras, allowing for efficient damage detection and analysis without the need for specialized equipment. This capability enhances trust in vehicle transactions, streamlines insurance claims, and supports used car sales, making it valuable for fleet owners, insurance processors, and automotive retailers.

what3words

Venture Round in 2019
What3Words Limited offers a universal addressing solution that simplifies location communication by dividing the world into a grid of 3m x 3m squares, each identified by a unique three-word address. This innovative approach allows users to easily specify precise locations, such as delivery points, event venues, or emergency sites. The service is accessible through a free mobile app and an online map, and it can be integrated into other applications, platforms, or websites via a simple API. What3Words serves a wide range of industries, including delivery, emergency response, tourism, and national mapping, contributing to social and economic progress, particularly in developing regions. Founded in 2013, What3Words is headquartered in Baldock, United Kingdom.

Outrider

Series A in 2019
Outrider, Inc. specializes in developing a software-as-a-service (SaaS) solution aimed at automating yard operations within logistics hubs, such as distribution centers and rail yards. Founded in 2017 and based in Golden, Colorado, the company offers a comprehensive system that includes web-based management software, autonomous driving controls for electric yard trucks, and necessary site infrastructure. Outrider’s technology employs a full-stack autonomous driving system, utilizing sensors like radar, lidar, and cameras to facilitate the movement of trailers, engage and unhook them, and monitor their locations. By focusing on automating hazardous and repetitive manual tasks, Outrider enhances safety and efficiency for large enterprises. The company is committed to promoting sustainable freight transportation through the deployment of zero-emission systems and is supported by notable investors in the technology sector.

Vroom

Series G in 2018
Vroom, Inc. is an e-commerce platform focused on the buying, selling, and trading of new and used vehicles in the United States, utilizing a data-driven technology to streamline the entire process. Founded in 2012 and headquartered in New York City, the company provides a wide selection of vehicles along with transparent pricing and competitive financing solutions. Vroom's services include at-home pick-up and delivery, enhancing convenience for customers. The company operates through three main segments: retail sales of used vehicles via its platform, wholesale sales through various channels, and retail financing operations. This comprehensive approach aims to improve the overall experience of vehicle transactions for consumers.

Lunewave

Seed Round in 2018
Lunewave Inc. is a Tucson, Arizona-based company that specializes in the development and manufacturing of Luneburg lens-based antennas and automotive radar sensor systems. Founded in 2017, Lunewave creates innovative three-dimensional printed antennas designed for applications in autonomous driving, wireless communications, and drones. The company's products cater to various sectors, including telecommunications, aerospace and defense, and specialized research. Lunewave's sensors are characterized by their custom-made antennas, which come in different sizes and operating frequencies to meet specific requirements. These sensors are compact, robust, and capable of providing high resolution with an all-directional field of view and long detection range, making them suitable for the growing demands of 5G technology and autonomous vehicles.

Aurora Labs

Series A in 2018
Aurora Labs Ltd is a technology company based in Tel Aviv-Yafo, Israel, specializing in software solutions for the automotive industry. Founded in 2016, the company focuses on developing a self-healing platform that enhances connected vehicle software management. Its innovative technology leverages machine learning and artificial intelligence to facilitate remote diagnostics, over-the-air updates, and predictive maintenance throughout the vehicle lifecycle. Aurora Labs’ Line-Of-Code Behavior™ technology allows for real-time analysis of software performance, enabling proactive detection of faults and seamless error resolution, all while minimizing downtime for users. The company has raised significant funding and holds numerous patents, serving a global clientele and maintaining additional offices in Germany, North Macedonia, and the United States.

Motorq

Seed Round in 2018
Motorq, LLC, established in 2015 and headquartered in New York, develops a cloud-based interoperability software platform focused on connected vehicle data. The company's technology allows enterprises, including fleets, insurance companies, and government agencies, to access and analyze vehicle data at scale. By offering tools that enhance operational efficiency and service expansion, Motorq aims to support organizations in adapting to the evolving landscape of mobility. The platform is designed to help businesses integrate vehicle data into their strategies, ensuring they remain competitive and innovative in the connected vehicle ecosystem.

Frontier Car Group

Debt Financing in 2018
Frontier Car Group is a berlin-based startup who develop, launch, and operate used-automotive marketplaces within emerging market economies, with operations in Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. Additionally, we are successfully engaging in two joint ventures with OLX in India and Poland. We increase the efficiency of selling and buying cars through technology, infra-structure creation, access to capital and innovative business models that allows all stakeholders to gain from our impact.

Frontier Car Group

Series B in 2018
Frontier Car Group is a berlin-based startup who develop, launch, and operate used-automotive marketplaces within emerging market economies, with operations in Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. Additionally, we are successfully engaging in two joint ventures with OLX in India and Poland. We increase the efficiency of selling and buying cars through technology, infra-structure creation, access to capital and innovative business models that allows all stakeholders to gain from our impact.

Optimus Ride

Series A in 2017
Optimus Ride is a self-driving vehicle company based in Boston, Massachusetts, that focuses on developing technologies for efficient, sustainable, and equitable mobility systems. As a spinoff from the Massachusetts Institute of Technology, the company leverages over 30 years of interdisciplinary research in self-driving technologies, electric vehicles, and mobility-on-demand systems. Its technology integrates advancements in sensor fusion, mapping, computer vision, and machine learning, tailored for geofenced environments. The team comprises individuals with extensive industrial and entrepreneurial experience in areas such as manufacturing robotics, urban design, and shared vehicle fleet management, enabling diverse applications ranging from commercial vessel operations to transit solutions.

Autotalks

Series D in 2017
Autotalks, Ltd. is a fabless semiconductor company founded in 2008 and headquartered in Kfar Netter, Israel, with additional offices in North America, Europe, and Asia. The company specializes in vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication technologies, providing automotive-grade chipsets designed for vehicle safety and mobility applications. Its product offerings include the CRATON integrated vehicular communication processor, the PLUTON V2X RF transceiver, and the PANGAEA4 V2X communication module, which support a range of functionalities such as security verification, trustable signing, and mobility solutions. Autotalks serves original equipment manufacturers (OEMs) and Tier 1 and Tier 2 suppliers globally, leveraging its expertise in semiconductor technology, communications, signal processing, and security to deliver high-performance, reliable V2X solutions. The company is backed by prominent venture capital funds from Israel, Japan, and the United States.

AutoPay

Series A in 2017
AC AUTOPAY LLC is a finance company based in Denver, Colorado, specializing in loan acquisition and servicing. Founded in 2007, the company focuses on providing capital solutions, including the purchase of various types of debt such as bankruptcy accounts and payment stream financing. It serves a diverse clientele, including auto dealers, dealer finance companies, and financial institutions across the United States. In addition, AC AUTOPAY operates as a lender marketplace that simplifies the auto refinance process, partnering with credit unions, banks, and other lending institutions to offer competitive rates and terms to customers. The company streamlines the connection between consumer applications and lender guidelines, facilitating efficient communication and contract management for financing or refinancing vehicles. AC AUTOPAY LLC was previously known as CAPEX Acquisitions, LLC before rebranding in March 2012 and is a subsidiary of Access Capital Investment Group, Inc.

Phunware

Series F in 2015
Phunware is a multiscreen as a service integrated enterprise software platform for mobile. Its platform provides companies the products, solutions, and data and services necessary to engage, manage, and monetize its mobile application audiences.

Phunware

Series E in 2014
Phunware is a multiscreen as a service integrated enterprise software platform for mobile. Its platform provides companies the products, solutions, and data and services necessary to engage, manage, and monetize its mobile application audiences.

uParts

Series A in 2013
uParts, Inc. operates an online platform that facilitates the procurement of OEM, aftermarket, and LKQ auto parts for repair professionals, insurance carriers, and part suppliers. Founded in 2011 and based in Irvine, California, uParts provides an electronic parts procurement solution that automates the entire purchasing process. The platform integrates with existing legacy software applications within the industry, streamlining transactions and enhancing communication among users. By offering a user-friendly portal, uParts enables its clients to make informed repair decisions and efficiently manage their parts procurement processes.

Phunware

Series D in 2013
Phunware is a multiscreen as a service integrated enterprise software platform for mobile. Its platform provides companies the products, solutions, and data and services necessary to engage, manage, and monetize its mobile application audiences.

Tred

Angel Round in 2013
TRED connects trusted car buyers and sellers thru advanced technology and financing options. It is the most trusted way to buy or sell a pre-owned car—with the largest network of trusted buyers and sellers, and the most advanced technology and financing options. They connect the buyers and sellers for a private party person-to-person transaction, but also cover them with all the same protection and security as a dealer. They handle the paperwork and make sure dealers get paid. They provide peace of mind with their free 30-day TRED Vehicle Protection policy: complete warranty coverage and roadside assistance that can be extended up to seven years.
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