Fundraising Fox

Fusion

Venture capital

Palo Alto · Pre-Seed–Series A · 28 people tracked

Also known as Fusion Artesian · FUSION FUND SILICON VALLEY LLC · Fusion Supernova

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Investment thesis

Fusion Fund invests in early-stage startups that leverage technical or data-driven advantages. It partners with founders who bring experience and expertise across healthcare, enterprise AI, and industrial technology, aiming to back companies positioned to become industry game changers. The firm invests at Pre-Seed, Seed, and Series A stages across the United States and Canada. Its team consists of former technical operators who have built and exited companies, and it offers value-add support through a CXO Network of 44 C-level executives from Global 1000 corporates and other major institutions, generating customer connections, revenue opportunities, talent, and partnerships for portfolio companies.

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Series A
Check
$500K – $1M
HQ
Palo Alto, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
2014
AUM
$500M
VC funds
6
Tracked investments
98

Team · 28 people

from the firm's website & public directories
Ryan JB Taylor· Principal
Harry Feng· Venture Partnerin𝕏
Ada AI· Senior Analyst
Jasmine Wang· Analystin
Michael Scanlin· Investorin𝕏
Sherwin Kuo, MD· Investor
Venus Pawfolio· Manager

What they invest in

from 43 of 98 portfolio companies

AI & Machine Learning ×28Enterprise Software ×16Biotech ×9Deep Tech ×9Medical Devices ×9SaaS ×9Developer Tools ×6Cybersecurity ×5

HQs:United States×31

Investments · 98 tracked

founders shown can be your intro path
CapConnect+capconnectplus.comin

CapConnect+ operates a digital platform that simplifies fixed income issuance and investing by connecting issuers, dealers, and investors for commercial paper and bonds.

Enterprise SoftwareFintechSaaSRedwood City, US

Ganapathi Palanipandian(Director)Trevor Mottl(Director)Suresh Perera(Executive Officer, Director)Kostas Dafoulas(Executive Officer)

Board seatTrevor Mottl· per SEC Form D

Loft Labs

vCluster platform making Kubernetes more efficient; closed a $24M Series A led by Khosla Ventures.

San Francisco, US

Lukas Gentele(Executive Officer, Director)Fabian Kramm(Director)Lu Zhang(Director)

Board seatLu Zhang· per SEC Form D

Rhinohealthrhinohealth.comin

Rhino Federated Computing builds enterprise software infrastructure for federated computing, letting organizations run AI, analytics, and data workflows across distributed, regulated data environments without centralizing sensitive data.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSwampscott, US

Yuval Baror(Director)Ittai Dayan(Dr.)Christopher Laws(Executive Officer)

BoardEdward Michael(Director)

Board seatIvneet Bhullar· per SEC Form D

Volur, Inc.SEC filingmedium confidence

Palo Alto, US

Board seatDavid Gerster· per SEC Form D · $4.9M raise · filed Mar 2025

Accernaccern.com

New York, US

Anshul Vikram Pandey(Director)Kumesh Aroomoogan(Executive Officer, Director)

Accern (Now Wand AI)wand.aiin𝕏

Wand provides infrastructure for enterprises and governments to create, manage, and scale hybrid workforces that combine human workers with AI agents.

AI & Machine LearningEnterprise SoftwareFuture of Work

Agilerlagilerl.comin
Agiopenagiopen.orgin𝕏

OpenAGI Labs builds Lux, a computer-use AI model and developer SDK that operates human-facing software directly to automate enterprise workflows such as competitive price monitoring, QA testing, and financial data aggregation.

AI & Machine LearningDeveloper ToolsEnterprise Software

Altis Labsaltislabs.comin𝕏
Atgatg.science
Begin Learningbeginlearning.co
Birdiebirdie.aiin
Blumindblumind.aiin𝕏
Bodobodo.ai
Bright Securitybrightsec.com

Bright Security develops an AI-powered application security platform that automates detection, remediation, and validation of security vulnerabilities integrated into the software development lifecycle.

AI & Machine LearningCybersecurityDeveloper ToolsSaaS

Calendlycalendly.comin𝕏

Calendly is a scheduling platform that integrates with Microsoft Teams to automatically generate and include Teams video conferencing links in calendar events.

Enterprise SoftwareFuture of WorkSaaS

Tope Awotona(Founder)

Cellular Intelligencecellularintelligence.comin𝕏

Cellular Intelligence develops cell therapy treatments, specifically acquiring STEM-PD, a Phase 2-ready therapy for Parkinson's disease.

AI & Machine LearningBiotechMedical Devices

Micha Breakstone(CEO & co-founder)Allon Klein(Scientific Co-founder)Olivier Pourquié(Scientific Co-founder)Cliff Tabin(Scientific Co-founder)Jay Shendure(Scientific Co-founder)

Codesparkcodespark.com𝕏

Pasadena, US

Grant Hosford(Executive Officer, Director)Bill Gross(Director)Marcia Goodstein(Executive Officer, Director)Craig Chrisney(Executive Officer)

Constructorconstructor.comin𝕏

Constructor provides AI-powered product search and discovery software for ecommerce retailers.

AI & Machine LearningE-commerceSaaSSan Francisco, US

Eli Finkelshteyn(Founder)Dan McCormick(Founder, former CTO at Shutterstock)Igor Finkelshteyn(Executive Officer, Director)Ash Fontana(Director)

Constructorconstructor.ioin𝕏

Constructor provides an AI platform for product discovery and personalized shopping experiences across ecommerce touchpoints including search, browse, recommendations, and shopping agents.

AI & Machine LearningE-commerceRetail Tech

Cosmcosm.carein
Cuseumcuseum.comin𝕏

Cuseum builds digital engagement and membership platforms for museums, cultural attractions, and nonprofits, including augmented reality experiences and mobile visitor apps.

ConsumerMarketing TechMedia & EntertainmentSaaSBoston, US

Brendan Ciecko(Founder & CEO)

Direktivdirektiv.io
DreamCraft Entertainment, Inc.dreamcraft.comin𝕏

DreamCraft is a game development platform that simplifies game creation through a built-in editor and asset library, enabling individual creators without programming or art skills to develop and monetize games.

ConsumerCreator EconomyDeveloper ToolsGamingSan Francisco, US

Tianyin Zhang(Founder/CEO)inVeronica Yao(Founder/COO)

Edgeqedgeq.ioin𝕏
Element Bioscienceselementbiosciences.comin𝕏

Element Biosciences develops biological analysis platforms and DNA sequencing tools for scientists and research institutions.

BiotechDeep TechHardwareMedical Devices

Eridueridu.aiin𝕏

Eridu develops networking infrastructure optimized for artificial intelligence workloads.

AI & Machine LearningCloud ComputingDeep TechHardwareSaratoga, US

Drew Perkins(CEO and founder)

Exit Hybrid Cloud Storagenvidia.comin𝕏

NVIDIA designs and manufactures GPU processors and accelerated computing platforms that power artificial intelligence, deep learning, and high-performance computing applications.

AI & Machine LearningHardwareSemiconductorsSanta Clara, US

GrubMarketgrubmarket.comin𝕏

GrubMarket is a food tech company operating a B2B and B2C marketplace in the U.S. and Canada, offering both wholesale produce delivery at discounted prices and AI-powered SaaS software solutions for food supply chain businesses including inventory management, warehouse operations, and eCommerce platforms.

B2B MarketplacesE-commerceEnterprise SoftwareFoodTechLogistics & Supply ChainSaaSSan Francisco, US

Mike Xu(Founder/CEO, , President)inZhoujia Brad Bao(Director)

BoardHans Tung(Director)

Humahuma.aiin

Qoniq combines tailored AI analytics with expert guidance to help Medical Affairs and Scientific Affairs teams analyze large volumes of publications and datasets, surface patterns, and generate industry-standard, well-sourced scientific reports.

AI & Machine LearningBiotechHealthtech

IAM Roboticsin𝕏

Pittsburgh, US

Tom Galluzzo(Executive Officer, Promoter)

Inferenceinference.ai
Koopkoop.aiin𝕏

Koop provides insurance solutions designed to protect technology-based companies and services from operational risks including system failures and outages.

AI & Machine LearningEnterprise SoftwareInsurTech

L.thisisl.comin𝕏

A nonprofit organization that provides funding to community-based organizations globally to increase access to period care products and menstrual health education.

ConsumerFemTechHealthtechImpact & Social GoodSan Francisco, US

Talia Frenkel(Founder/CEO)

Lightrickslightricks.comin𝕏

Lightricks develops AI video generation models and a creative platform (LTX Studio) that enable creators to produce high-quality videos efficiently on consumer hardware.

AI & Machine LearningCreator EconomyEnterprise SoftwareMedia & Entertainment

Zeev Farbman(Co-founder and CEO)

Looptifyapplooptifyapp.com
Medra AImedra.aiin𝕏

Medra builds robotic systems integrated with AI, computer vision, and natural language processing to automate data collection for life science research.

AI & Machine LearningBiotechDeep TechRobotics

Memoriesmemories.ai
Meomindmeomind.comin𝕏
Mission Biomissionbio.comin

Mission Bio develops single-cell biology tools and platforms for researchers and clinicians to enable precision medicine discovery and cancer treatment.

BiotechDeep TechDigital HealthMedical Devices

Mojo Visionmojo.visionin𝕏

Mojo develops a micro-LED platform technology for AI infrastructure and next-generation displays.

AI & Machine LearningDeep TechHardware

Steve Jurvetson(Founder)

Neuroharmonicsneuroharmonics.com
Neuvectorneuvector.comin𝕏

SUSE Security is an open source, Zero Trust container security platform that provides runtime security, threat detection, and compliance scanning across the container lifecycle for DevOps teams and enterprises.

Cloud ComputingCybersecurityDeveloper Tools

Nexanexa.aiin
Nexa4Ainexa4ai.comin
Nexusflownexusflow.ai

Generative AI solution unlocking potential of security products and supercharging operations

Nimble Sciencenimblesci.comin
Niobium Microsystemsniobiummicrosystems.com

Niobium develops a platform for encrypted computation using fully homomorphic encryption (FHE) that processes data while keeping it encrypted throughout its lifecycle.

AI & Machine LearningCloud ComputingCybersecurityDayton, US

Mark Yusko(Director)Kevin Yoder(Executive Officer, Director)Matthew Farrell(Executive Officer)Shane Wall(Director)Georgios Dimou(Executive Officer)Lucas Duncan(Executive Officer)

NuCypher (aka Threshold Network)threshold.networkin𝕏

Threshold Network is a decentralized protocol that enables Bitcoin to be used across multiple blockchain networks and financial markets through its tBTC token, facilitating lending, staking, trading, and yield-generation activities.

Crypto & Web3Enterprise SoftwareFintechAustin, US

MacLane Wilkison(Founder/CEO)in

Nviewmednviewmed.comin
Omnifiomnifi.io
Openinterxopeninterx.com
Optimal Dynamicsoptimaldynamics.comin𝕏

Optimal Dynamics develops a Transportation Decision System that uses advanced analytics and AI to optimize operations and automate decision-making for enterprise trucking companies and carriers.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainPrinceton, US

Daniel Powell(Co-founder and CEO)inWarren Powell(Co-founder and Chief Innovation Officer)inMichael Droesch(Director)John Hess(Director)Jon Galitzer(Director)Tony Adams(Executive Officer)

Orbifoldorbifold.aiin𝕏
Otooto.ai
otter aiotter.aiin𝕏

Otter.ai is an AI-powered meeting assistant that records, transcribes, and summarizes conversations in real time across multiple languages, automatically capturing decisions and action items.

AI & Machine LearningFuture of WorkSaaS

Sam Liang(Founder & CEO)in

OverT Bioovert.bio

Overt Bio develops cell therapies that link genes to immune functions using genome-scale discovery platforms.

AI & Machine LearningBiotechMedical DevicesNew York, US

Dr. Legut(Co-Founder and CEO)Dr. Sanjana(Co-Founder)Mateusz Legut(Executive Officer, Director)Vasudev Bailey(Director)Sara Choi(Director)Neville Sanjana(Director)

Palonapalona.ai
Paperspacepaperspace.comin𝕏acquired by Digital Ocean

Gradient Health builds an open research platform for medical imaging that enables developers to create and validate machine learning algorithms for radiology workflows.

AI & Machine LearningCloud ComputingDeveloper ToolsDigital HealthEnterprise SoftwareMedical DevicesNew York City, US

Dillon Erb(Founder/CEO)inDaniel Kobran(Founder)inOuwen Huang(CEO)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Fusion invest at?
Fusion invests at the Pre-Seed, Seed, Series A stages.
What is Fusion's typical check size?
Fusion typically writes checks of $500K – $1M.
What sectors does Fusion focus on?
Fusion focuses on Advanced Manufacturing, AI & Machine Learning, Deep Tech, Enterprise Software, Healthtech.
Where is Fusion located?
Fusion is headquartered in Palo Alto, US.
Does Fusion lead rounds?
Yes, Fusion leads investment rounds.

Media · Podcasts & interviews

featuring the team

06. How I Raised My First Million | Lu Zhang | Fusion Fund

AHN · Lu Zhang

AI, LPs, and the New Era of Venture | Lu Zhang (Founder & Managing Partner, Fusion Fund)

Carta · Lu Zhang

Lu Zhang, Fusion Fund

Roger Royse Law · Lu Zhang

The MedTech Startup Podcast - Lu Zhang - Fusion Fund

The MedTech Startup · Lu Zhang

MedTech Venture Capital Investor Lu Zhang, Founder and Managing Partner at Fusion Fund

State of MedTech · Lu Zhang

A Matter of Innovation Studio: Lu Zhang, Founder & Managing Partner at Fusion Fund

A Matter of Innovation · Lu Zhang

Co-investors · 62

Foothill Ventures

Foothill Ventures is a technology-focused venture fund based in Los Altos, California, run by a team with founder and operator backgrounds. It makes early-stage investments in frontier technology, particularly infrastructure and AI applications.

Both backed · 4
$100K – $10M
Techstars

Techstars is a startup accelerator and early-stage investor that funds ambitious founders and provides capital, mentorship, and access to a global network of investors, operators, and corporate partners.

$220K
DCVC (Data Collective)

DCVC (Data Collective) is a venture capital firm that backs founders building companies which apply technology to major challenges across areas such as energy, biotech, agriculture, and machine learning.

$5M – $25M
Flucas Ventures

Flucas Ventures is a venture capital firm with a portfolio of 265 companies spanning fintech, crypto, space/defense, AI, biotech, marketplaces, and emerging markets, with numerous exits via acquisition and IPO.

Both backed · 3
$100K – $5M
Chamaeleon

Chamaeleon is an early-stage venture capital firm based in Silicon Valley that invests globally in transformative companies, using a proprietary AI and quantitative engine to inform its investment strategy.

Both backed · 3
EriduTalofa GamesYou
$1M – $5M
Notable Capital

Notable Capital is an early-stage venture firm that partners closely with founders, providing hands-on operational support through a platform team of experienced operators across hiring, sales, leadership development, storytelling, and engineering.

Both backed · 2
Social Starts

Social Starts is a group of early-stage venture funds that applies a data-driven, analytics-based methodology to identify and back promising companies in high-potential segments. Its current fund, Social Starts Health and Happiness, targets startups focused on helping people live longer and better.

Both backed · 2
Paradromics Turning Data Into MedicineRuby
TSVC

TSV Capital (TSVC), formerly TEEC Angel Fund, is a Silicon Valley seed-stage venture firm that backs technical founders at the earliest stages, having invested in over 200 early-stage companies.

$1M
Hummingbird Ventures

Hummingbird Ventures is a global venture capital firm that partners with outlier founders across all stages, from inception to IPO.

$500K – $10M
Gutbrain Ventures

GutBrain Ventures is an early-stage technology venture capital firm led by investor and former entrepreneur Bob Davoli, who partners closely with founders and management teams to help build and scale high-growth software and technology companies.

Kicker Ventures

Kicker Ventures invests in technology-driven healthcare companies developing novel solutions to health challenges, ranging from biosignal detection and data science to AI-driven personalized engagement.

Both backed · 2
RubyTalofa Games
$100K – $1M
Vanedge Capital

Vanedge Capital is an early-stage venture capital fund based in Vancouver, Canada, backing technology companies with capital, operating experience, domain expertise, and a co-investor network.

Both backed · 2
$1M – $15M
50 more co-investors

Andreessen HorowitzAlumni VenturesGreat Oaks Venture CapitalScale Venture PartnersFlybridge Capital PartnersBonfire VenturesAbstractThreshold VenturesAltaIR CapitalShasta VenturesDnx VenturesPoint72 VenturesStorm VenturesBasis Set VenturesSAV (Scale Asia Ventures)Indicator VenturesDay One VenturesHatteras Venture PartnersnoaValhalla VenturesNew Enterprise Associates (NEA)FJ LabsBain Capital VenturesPartech VenturesHardware ClubAME Cloud VenturesUpHonest CapitalVenrockFoundry GroupRidge VenturesVillage GlobalWinklevoss CapitalCoinbase Ventures7percent VenturesPelion Venture PartnersAnorak VenturesCisco InvestmentsHC9 VenturesUnstoppable DomainsArkitekt VenturesAV8 VenturesBioGeneration VenturesGood Growth CapitalSurface VenturesRethink ImpactNext Level VenturesRefinery VentureDEFTA PartnersDraper TriangleAltalurra Ventures

Firms observed investing alongside Fusion, from public investor directories. Shared companies are the overlap with Fusion's recorded portfolio.

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