Fusion Fund

Fusion Fund is a prominent venture capital firm based in Palo Alto, California, founded by Managing Partner Lu Zhang. The firm specializes in early-stage investments, primarily targeting Seed to Series A rounds, with a strategic focus on companies leveraging deep technology and data advantages. Their investment thesis centers on disruptive innovations in artificial intelligence, big data, robotics, and the Internet of Things, applied across critical sectors such as enterprise solutions, industrial applications, and healthcare. Fusion Fund aims to back visionary founders who are developing foundational technologies with the potential for significant market impact.

The firm's investment strategy is characterized by its typical first check sizes, which range from $1 million to $5 million, reflecting their commitment to providing substantial early capital to promising startups. Fusion Fund has demonstrated consistent growth in its capital base, successfully closing its fourth flagship fund, Fund IV, at $120 million in 2022. This latest fund contributes to a significant overall asset under management (AUM) exceeding $600 million across its various funds, underscoring its robust financial capacity to support its portfolio companies.

Beyond capital, Fusion Fund emphasizes a value-add approach, leveraging its extensive network and operational expertise to assist portfolio companies with strategic guidance, talent acquisition, and market expansion. The firm's portfolio includes over 100 companies, showcasing a broad reach within its target sectors. Fusion Fund's commitment to fostering innovation and its deep understanding of technological trends position it as a key player in the early-stage venture ecosystem, particularly for startups at the intersection of deep tech and industry-specific applications.