Fusion Fund is a venture capital firm based in Palo Alto, California, founded in 2015 by Lu Zhang. The firm focuses on backing early-stage startups that leverage technical or data advantages, investing in Pre-Seed, Seed, and Series A companies across the United States and Canada.
Fusion Fund specializes in sectors such as healthcare, enterprise AI, and industrial technology. They partner with founders who are building transformative businesses in these areas, emphasizing technical and data-driven approaches.
In March 2025, Fusion Fund announced the closing of Fusion Fund IV with $190 million in committed capital. This fund aims to invest in next-generation technology and AI solutions, addressing challenges arising from rapid digitalization across healthcare, enterprise, and industrial tech sectors.
Leadership:
Investment Strategy
Fusion Fund employs a dynamic sourcing approach, leveraging networks like the Fusion VC Fellowship and the Fusion Super Founder Network to identify high-potential ventures. Their research-driven strategy includes publishing industry reports on emerging areas such as Digital Biology, AI Infrastructure, Space Tech, and FinTech.
Notable Investments
Fusion Fund has invested in several notable companies, including:
