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Fusion Fund is a venture capital organization founded in 2015 by Lu Zhang, dedicated to supporting early-stage startups that utilize technical or data advantages. With a strong focus on healthcare, enterprise AI, and industrial technology, Fusion Fund aims to partner with experienced founders to drive innovation in these sectors. The organization is headquartered in Palo Alto, California, and operates primarily in the United States and Canada.
Fusion Fund invests in early-stage startups, specifically targeting Pre-Seed, Seed, and Series A stages. The fund emphasizes sectors such as healthcare, enterprise AI, and industrial technology, seeking to identify and support companies that demonstrate significant technical or data advantages.
Notable portfolio companies include: - **Proscia**: Raised a $37M Series C to enhance AI-enabled pathology for precision medicine. - **Reality Defender**: Recognized for its leadership in deepfake detection. - **Accern**: Acquired by Wand AI, enhancing capabilities in the financial sector. - **Optimal Dynamics**: Raised $40M to expand in the trucking sector. - **Constructor**: Named Retail Company of the Year for its AI-powered retail search innovation. - **Somite AI**: Raised an oversubscribed $47M Series A for advancements in cell therapy. - **Rhino Federated Computing**: Announced a $15M Series A round to lead in federated computing. - **Blumind**: Raised $20M for the development of ultra-low power analog chips for edge computing. - **Element Biosciences**: Raised $277M Series D for DNA sequencing and multi-omics technology. - **You.com**: Closed a $50M Series B funding round and recognized as one of TIME’s best inventions. - **GrubMarket**: Valued at over $2 billion after raising $120 million, transforming the food supply chain with AI. - **EdgeQ**: Developed innovative 5G chip technology and raised $75M in Series B funding.
To approach Fusion Fund, founders should visit their website at fusionfund.com for pitching guidelines and to submit their proposals. The firm values startups that leverage technical or data advantages in their respective fields.
Fusion Fund runs a 12-week VC Fellowship program designed to foster community and knowledge sharing among founders. This program helps participants navigate the venture capital landscape and enhances their capabilities in building successful startups.
In March 2025, Fusion Fund successfully closed Fund IV at $190 million, which was oversubscribed. This fund will continue to support seed and early-stage startups in deep tech and healthcare across the U.S. and Canada.
Fusion Fund invests in early-stage startups at the Pre-Seed, Seed, and Series A stages.
Founders can pitch Fusion Fund through their website at fusionfund.com.
Fusion Fund primarily focuses on healthcare, enterprise AI, and industrial technology sectors.
Fusion Fund typically invests between $1 million and $3 million in its portfolio companies.
Fusion Fund invests primarily in the United States and Canada.
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