VC Profile: Fraser McCombs Capital

Headquarters: San Antonio, Texas

Sectors: E-Commerce, Social Commerce, Finance

Description: Fraser McCombs Capital (FMC) is a leading automotive-focused investment firm. Founded in 2012 by an automotive entrepreneur and a longtime automotive investor, we have roots in the automotive sector going back decades across all three tiers of the industry. FMC was created to bring capital and mentorship to the underserved automotive startup marketplace, where traditional investment firms refused to participate. We look to invest in new technologies and business models within the automotive vertical.

“By leveraging our deep knowledge base, we are able to find connections between key players in the sector on behalf of our portfolio companies.”

Recent Investments:

  • Phunware, Inc $19.3M / Series F
  • Phunware, Inc $30M / Series E
  • uParts $2M / Series A (Lead)
  • TRED $1.7M / Angel

Website: http://www.fmcap.com


Tony Rimas is a Managing Partner with Fraser McCombs Capital, Tony also serves as the Director of Operations for the McCombs Automotive Group the 37th largest dealer group in the United States.  In this capacity, he is recognized for growing McCombs Automotive to the 3rd largest privately held online retailer in the country.
Over the last decade he has specialized in B2B sales and management while serving the McCombs Partners portfolio. Tony originated investments in HomeNet Automotive, ClickMotive, and AutoVest.  All of which are best in class solutions to the automotive retail industry.  HomeNet became the market share leader in automotive inventory management; Autotrader.com acquired the company in November 2010. DealerTrack (NASDAQ: TRAK) acquired Clickmotive in October 2012.
Tony is also a regular guest speaker at industry events.  His technical background and education includes multiple degrees in Chemistry, Physics, and the NADA Dealer Candidate Academy.

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