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.
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:
United States
