Lu Zhang, Founder and Managing Partner, leads her team in closing $190M for Fusion Fund IV to continue investing in top technical founders who shape the future of innovation.
PALO ALTO, Calif., March 10, 2025 /PRNewswire/ — With $190 million in committed capital, Fusion Fund announces the closing of Fusion Fund IV to continue supporting technical founders in enterprise AI, healthcare, and industrial automation. Fund IV was oversubscribed in less than six months, bringing Fusion Fund’s total assets under management to over $500 million. The fund is backed by institutional LPs, including endowments, foundations, sovereign wealth funds, and strategic family offices.
Fusion Fund was founded 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 from Stanford. 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) provide portfolio companies with 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.
“As AI transforms industries, we are committed to backing visionary founders tackling complex challenges in high-impact markets,” says Zhang. “With a seasoned team and a disciplined strategy, Fund IV strengthens our platform to drive breakthrough innovation and long-term growth.”
Read more about Fusion Fund IV here.
About Fusion Fund:
Fusion Fund, a female-led VC firm in Palo Alto, invests in early-stage entrepreneurs building innovation in enterprise AI, healthcare, and industrial automation. Its $190M Fund IV brings its AUM to over $500M. Its portfolio holds over 90 companies with a collective annual revenue exceeding $2.5B.
For more information, contact media@fusionfund.com.
SOURCE Fusion Fund
