# Fusion Fund: portfolio, investments and team > Fusion Fund is a vc firm based in United States. 3 investments on record, 2 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/fusion-fund (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Fusion Fund Last cheque observed Jun 2026; 3 cheques on record. Email VC firm Deploying now Pre-seed Seed Series A Nanotech Hard Tech New Materials Follow Fusion Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffusion-fund) Deploying now **67%** of best year **2** **cheques in 12 months**, 3 on record Since the last cheque **156** days **00** hrs **00** min **00** sec Median round **$23M** Rounds led **1 of 3** Pitch Fusion Fund ## Fusion Fund highlights - 01 2 cheques in the last 12 months - 02 Mostly Growth and Seed: 67% of its rounds - 03 Led 1 rounds ## What they do > We back early-stage startups that leverage technical or data advantages... We invest in Pre-Seed, Seed, and Series A companies anywhere in the United States and Canada. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Up to $3.0M as they say - **Stages:** Pre-seed Seed Series A - **Sectors:** Nanotech Hard Tech New Materials - **Based in:** Palo Alto, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **3 appearances** - **2026** 1 round - **Jun** **[Subtle Medical](https://millionrounds.com/company/subtle-medical)** Growth · US · Ventureburn **$33M** With 8 others - **2025** 2 rounds - **Dec** **[Niobium](https://millionrounds.com/company/niobium)** Seed · US · TechStartups **$23M** *Led* - **Oct** **[SenseNet](https://millionrounds.com/company/sensenet)** Series A · US · TechStartups **$14M** With 7 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **1 named** LZ **Lu Zhang** Chief Executive Officer i Form ADV We also hold **16** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$526M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Fusion Fund Silicon Valley LLC - **SEC number:** CRD 289902 ## The cheque Pre-seed Seed Series A Median round joined **$23M** the round, not its cheque Led 1 of 3 rounds **33%** - **Said size:** Up to $3.0M - **Sole investor:** Never alone - **Last cheque:** Jun 2026 Rounds by stage said on their site - Growth *1* - Seed said *1* - Series A said *1* - Pre-seed said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Fusion Fund?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Fusion Fund put money into. [**Subtle Medical** $33M · Jun 2026](https://millionrounds.com/company/subtle-medical)[**Niobium** $23M · Dec 2025](https://millionrounds.com/company/niobium) ## Quick answers about Fusion Fund ### What does Fusion Fund invest in? Fusion Fund invests most often at Growth and Seed (67% of the rounds on record), in sectors such as Nanotech, Hard Tech and New Materials. ### How active is Fusion Fund? 3 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Jun 2026. ### What has Fusion Fund invested in recently? Its most recent investments on record: Subtle Medical (Growth, Jun 2026), Niobium (Seed, Dec 2025) and SenseNet (Series A, Oct 2025). ### How big are Fusion Fund's cheques? The median round it joins is $23M. ### Is Fusion Fund investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### What kind of investor is Fusion Fund? Fusion Fund is a VC firm based in Palo Alto, United States. ### How much does Fusion Fund manage? About $526M, as gross assets of its private funds (Oct 2026). ### When was Fusion Fund founded? Fusion Fund was founded in 2015. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=fusion-fund) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=fusion-fund)