Stage FocusPre-Seed, Seed, Series A
GeographyUS
TypeVC
Last Activity2025
Industry Focus
Industries
AIBiotechMedtechRoboticsNeurotechHardwareAdvanced Manufacturing
Technical BenchStrong
Investor TypeDeepTech Specialist
ExposureMostly DeepTech Investments
Bio
Fusion Fund was founded in 2015 by Lu Zhang and is celebrating its 10th year with Fund IV at $190M, bringing total AUM over $500M. Fund IV was oversubscribed in less than six months, a signal of strong LP demand.
The focus is on technical founders building in healthcare, enterprise AI, and industrial technology/automation. The portfolio has grown to 104 companies with 3 unicorns, including GrubMa...
Notable Investments
P
ParadromicsE
Element BiosciencesP
ProsciaE
EdgeQG
GrubMarketB
Bodo.aiY
You.comSimilar Funds
Creative Ventures
Oakland, United States
DeepTech NativeAISemiconductorsClimate TechPre-SeedSeed
AlleyCorp
New York, United States
GeneralistAIBiotechRoboticsPre-SeedSeed
Bharat Innovation Fund
Ahmedabad, India
DeepTech NativeAISemiconductorsRoboticsPre-SeedSeed
Elev8.vc
Singapore
Pure DeepTechAIMedtechRoboticsPre-SeedSeed
First Spark Ventures
Menlo Park, United States
Pure DeepTechAIBiotechAdvanced MaterialsPre-SeedSeed
First Star Ventures
Cambridge, United States
DeepTech NativeAIBiotechClimate TechPre-SeedSeed