Fusion Fund Founding Partner Lu Zhang

AsianFin -- Fusion Fund, founded by Silicon Valley investor Lu Zhang, has successfully raised $190 million for its fourth venture capital fund, Fusion Fund IV. This marks a significant leap from the initial $15 million raised for its first fund, demonstrating the firm's rapid growth and the trust it has earned from investors in its vision and track record.

Since its establishment in 2015, Fusion Fund has built an impressive portfolio, investing in nearly 90 groundbreaking technology projects. These include five unicorns valued in the billions and ten successful exits through mergers and acquisitions.

The new fund's investors include institutional giants like sovereign wealth funds, university endowments, tech investors, insurance companies, and banks. Notably, many family offices backing the fund are led by founders of major tech companies.

Fusion Fund's investment strategy centers on next-generation technologies and AI solutions, addressing the growing need for efficiency and scalability across industries. With its research-driven approach, the firm has emerged as a leader in the AI space, with a focus on sectors like AI-poweredHealthcare, edge computing, and space technology.

Under the leadership of Zhang, Fusion Fund has solidified its position as a major player in Silicon Valley’s venture capital ecosystem.

Zhang, recognized as one of Silicon Valley's most influential women, has been honored by Fortune, the World Economic Forum, and Forbes for her leadership and impact.

Her forward-thinking vision and commitment to fostering technological innovation continue to guide Fusion Fund's mission of backing the next generation of tech giants.