# Fusion Fund

> Lu Zhang's Palo Alto firm backing early-stage deep-tech, healthcare, and enterprise AI companies with technical or data moats. Deploying from Fund IV ($190M, closed March 2025).

## Profile

- **Typical check size:** $1M-$10M (stage-based estimate)
- **Founded:** 2015
- **Headquarters:** Palo Alto, CA
- **AUM:** N/A
- **Rounds they lead:** Seed, Series A
- **Rounds they invest:** Seed, Series A

## Links

- [Website](https://www.fusionfund.com)

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Source: https://venturecapitaltracker.com/fund/fusion-fund