With $190 million in committed capital, Fusion Fund has announced the closing of Fusion Fund IV to continue supporting technical founders in enterprise AI, healthcare, and industrial automation. And Fund IV was oversubscribed in less than six months, bringing Fusion Fund’s total assets under management to over $500 million. Institutional LPs, including endowments, foundations, sovereign wealth funds, and strategic family offices back this fund.
Fusion Fund was launched in 2015 by Managing Partner Lu Zhang. As a first-generation immigrant from Inner Mongolia, Lu Zhang is a serial entrepreneur who began her career as a materials science researcher at Stanford. And after successfully exiting her startup, her track record as an angel investor, including 4 IPOs, led her to create Fusion Fund. Since then, she has built a distinguished ecosystem, assembling a top-tier investment team of technologists, operators, and executives, including Shane Wall, Partner, the former CTO of Hewlett Packard and a member of the U.S. President’s Council of Advisors on Science and Technology; David Gerster, Investment Partner, an expert in AI and data science with over 15 years of experience at Yahoo, Microsoft, and Groupon; and Ivneet Bhullar, Investment Partner, who previously led digital health and innovation initiatives at Amgen and Genentech.
The Fusion CXO Network (45+ Fortune 1000 executives) and Fusion Expert Network (50+ top industry leaders) offer portfolio companies market validation, revenue growth, and strategic partnerships. By combining thought leadership with deep industry connections, Fusion Fund remains at the forefront of AI innovation and venture growth.
KEY QUOTE:
“As AI transforms industries, we are committed to backing visionary founders tackling complex
challenges in high-impact markets. With a seasoned team and a disciplined strategy, Fund IV strengthens our platform to drive breakthrough innovation and long-term growth.”
– Managing Partner Lu Zhang
