Fusion
Venture capitalPalo Alto · Pre-Seed–Series A · 28 people tracked
Also known as Fusion Artesian · FUSION FUND SILICON VALLEY LLC · Fusion Supernova
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.
Team · 28 people
from the firm's website & public directoriesWhat they invest in
from 43 of 98 portfolio companiesAI & 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 pathCapConnect+ 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
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
Palo Alto, US
Board seatDavid Gerster· per SEC Form D · $4.9M raise · filed Mar 2025
New York, US
Anshul Vikram Pandey(Director)Kumesh Aroomoogan(Executive Officer, Director)
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
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
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
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)
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)
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
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)
Element Biosciences develops biological analysis platforms and DNA sequencing tools for scientists and research institutions.
BiotechDeep TechHardwareMedical Devices
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
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)
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)
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 develops a micro-LED platform technology for AI infrastructure and next-generation displays.
AI & Machine LearningDeep TechHardware
Steve Jurvetson(Founder)
Generative AI solution unlocking potential of security products and supercharging operations
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)
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
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)
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)
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 team06. 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 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.
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.
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.
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.
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.
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.
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.
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.
Hummingbird Ventures is a global venture capital firm that partners with outlier founders across all stages, from inception to IPO.
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 invests in technology-driven healthcare companies developing novel solutions to health challenges, ranging from biosignal detection and data science to AI-driven personalized engagement.
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.
▶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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