Tri-City Regional Chamber of Commerce
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MEMBER NEWS

Fuse Fund Invests in Three Startups

9/29/2021

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Fuse Fund—a startup fund focused exclusively on promoting entrepreneurs and early-stage businesses with a presence in the Tri-Cities region—invested in three startups and is monitoring several others for possible investment. Fuse Fund raised nearly $1.5M from local, community-minded investors; the fund’s goal is to exceed $2M in funding commitments. Fuse Fund’s investments made to date range from $150K to $200K in each of the following startups:

Carbitex pioneered flexible carbon fiber composites; currently, they focus on performance footwear, but there are many other potential applications. On the strength of their innovative products, Carbitex grew rapidly over the past few years, and they now have more than 50 employees. Most of their employees work at Carbitex’s manufacturing facility in Kennewick, shipping to clients around the globe. Adidas, a major client, incorporates Carbitex flexible carbon fiber into their performance footwear.

Humming Hemp produces several hemp-based products including their signature Hummingbar, which is a hemp protein bar. Hummingbars are a healthy snack that are made with hemp seeds and other all-natural ingredients including raw honey. Humming Hemp initially launched with the help of Fuse programs and resources, and its products are sold by Kroeger, Fred Meyer, and Amazon.

Brook developed a remote patient monitoring and health coaching platform using artificial intelligence to help manage chronic health conditions. Brook enables health care providers to proactively monitor patients’ chronic conditions, track progress, and provide coaching and health advice. While Brook is headquartered in Seattle, they agreed to locate an engineering team in the Tri-Cities on the strength of the Fuse Fund investment.

About Fuse Fund: The purpose of the fund is to enable the success of entrepreneurs in eastern Washington. Investors in Fuse Fund not only bolster regional startups, but over the life of the fund, Fuse Fund intends to achieve solid returns for investors as the startups increase in value. Fuse Fund will close the fund to new investors by the end of 2021. Fuse Fund is operated by Fuse Advisors, LLC, a wholly owned subsidiary of Fuse, SPC. Anyone interested in learning more about Fuse Fund or becoming an investor may contact Marty Conger, Managing Partner of Fuse Advisors, LLC, or any of the other board members (Brett Spooner, David Lippes, Meghan Chalk, and Ron Boninger).

About Fuse: Fuse is an SPC (Special Purpose Company) with a mission to enable an entrepreneurial ecosystem in the Tri-Cities region and provide resources to support the success of local entrepreneurs and startups. Fuse is located at the Fuse-operated coworking facility at 723 The Parkway in Richland. For more information, go to https://fusespc.com/.
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Copyright © Tri-City Regional Chamber of Commerce. All rights reserved.
7130 W Grandridge Blvd., Suite C, Kennewick, WA 99336 USA
Phone: (509) 736-0510 |  Fax: (509) 783-1733 
info@tricityregionalchamber.com
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Photos used under Creative Commons from The National Guard, Gamma Man, US Department of Education, U.S. Secretary of Defense, Tony Webster, jalexartis, Blue Mountains Library, denisbin, Baker County Tourism
  • Benton Co. Business Resource Initiative
  • MEMBERSHIP
    • Membership Directory
    • Member Login
    • Join the Chamber
    • Membership Features
    • Sponsorship Opportunities
    • Stakeholder, Leader, & Growth Level Members
  • EVENTS
    • Chamber Calendar
    • Annual Events >
      • Annual Meeting & Awards Luncheon >
        • Business on a Roll Nomination Form
        • Non-Profit on a Roll Nomination Form
      • Women in Business Conference
      • State of the Cities
      • Tri-Cities Diversity Summit
      • Elected Leaders Reception
      • Tri-Cities Day with the Seahawks
      • Tri-Cities Day at the Capitol
      • Bridging Partnerships Small Business Symposium
    • Monthly Membership Luncheon
    • Business After Hours
    • Meet the Chamber
    • Speaking Opportunities
  • PROGRAMS & SERVICES
    • BUSINESS PROGRAMS >
      • Ask the Experts
      • Economic Gardening
      • Office Depot Savings Program
      • Small Business Incentive Program
    • Workforce & Education >
      • Tri-Cities Regional Career Signing Day
      • Washington Workforce Portal
    • myTRI 2030
    • Business Advocacy >
      • Public Policy Guiding Principles
      • Business Advocacy Letters
      • Session Spotlight
      • Vote for Business
      • TRI-CITIES LEGISLATIVE COUNCIL 2022 LEGISLATIVE PLATFORM
    • Ambassador Club
    • LEARN Groups
    • Washington PTAC >
      • Meet the Buyer
      • Procurement Power Hour
  • NEWS
    • Press Releases
    • Blog
    • Member News
    • Annual Report
    • eBlast Advertising
    • Email Updates
  • ABOUT US
    • Contact
    • Our Leadership
    • Our Team
    • Committees
    • Policies
    • Our Partners >
      • TRIDEC
      • Visit Tri-Cities