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Fusion Fund

550 Lytton Ave, Palo Alto, CA, 94301, United States

Overview

Supports early-stage entrepreneurs building disruptive tech companies.

Founded

2015

Deals · 12mo

12

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

57rounds
NAMEDATESIZE
Altis Labs
Sep 2026Participated
$25 MSeries A
Palona AI
Aug 2026Participated
$20 MSeries A
Sancho
Jul 2026Led
$7 MSeed
Subtle Medical
Jun 2026Participated
$33 MSeries C
Scout Space
May 2026Participated
$18 MSeries A
CVector Energy
Jan 2026Participated
$5 MSeed
Zeroport
Jan 2026Participated
$10 MSeed
AgileRL
Jan 2026Led
$8 MSeed
Medra
Dec 2025Participated
$52 MSeries A
Niobium Microsystems
Dec 2025Participated
$23 MOther Equity
Portal26
Nov 2025Participated
$9 MSeries A
SenseNet
Oct 2025Participated
$14 MSeries A
Altis Labs
Sep 2026Participated
$25 MSeries A
Palona AI
Aug 2026Participated
$20 MSeries A
Sancho
Jul 2026Led
$7 MSeed
Subtle Medical
Jun 2026Participated
$33 MSeries C
Scout Space
May 2026Participated
$18 MSeries A
CVector Energy
Jan 2026Participated
$5 MSeed
Zeroport
Jan 2026Participated
$10 MSeed
AgileRL
Jan 2026Led
$8 MSeed
Medra
Dec 2025Participated
$52 MSeries A
Niobium Microsystems
Dec 2025Participated
$23 MOther Equity
Portal26
Nov 2025Participated
$9 MSeries A
SenseNet
Oct 2025Participated
$14 MSeries A
57
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Insights

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Deal Distribution

Fusion Fund: 57 funding rounds are recorded in the selected participation categories.All available history.
Fusion Fund: 57 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed914
Series A222
Series B12
Series C+02
Other Equity05

Monthly Deal Activity

Fusion Fund: 57 deals are recorded across 101 months.All available history.
Fusion Fund: 57 deals are recorded across 101 months. All available history
MonthDeals
Jun '181
Jul '181
Aug '181
Sep '181
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '192
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '192
Jan '201
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '201
Aug '200
Sep '200
Oct '202
Nov '202
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '211
Jun '211
Jul '210
Aug '213
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '222
Mar '221
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '242
May '242
Jun '240
Jul '242
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '251
Feb '250
Mar '251
Apr '251
May '252
Jun '250
Jul '251
Aug '251
Sep '251
Oct '251
Nov '251
Dec '252
Jan '263
Feb '260
Mar '260
Apr '260
May '261
Jun '261
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

Fusion Fund: AI & Machine Learning is the largest displayed sector by deal count (37 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Fusion Fund: AI & Machine Learning is the largest displayed sector by deal count (37 deals). All available history
SectorDeals
AI & Machine Learning37
Enterprise Software18
Health & Life Sciences14
Networks, Cloud & Communication12
Hardware & Robotics11
Cybersecurity & Privacy8
Space & Frontier Tech8
Transportation & Logistics7
Fintech6
Food & Agriculture6
Data, Analytics & IT5
Developer Tools5
E-Commerce & Retail4
AR/VR3
Professional Services3
Education & Workforce2
Clean Energy & Sustainability1
Consumer & Lifestyle1
Manufacturing1
Media & Entertainment1

Deal Size Distribution

Fusion Fund: 57 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Fusion Fund: 57 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M16
$10M-$25M24
$25M-$50M7
$50M-$100M4
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Fusion Fund: United States has the largest recorded deal count among the displayed regions (49 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Fusion Fund: United States has the largest recorded deal count among the displayed regions (49 deals). All available history
RegionDeals
United States49
Canada3
Europe3
Israel1
Indonesia1
Fusion Fund: 20 co-investors are shown, with DNX Ventures sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Fusion Fund: 20 co-investors are shown, with DNX Ventures sharing 5 recorded deals. All available history
Co-investorShared deals
DNX Ventures5
Khosla Ventures5
Shasta Ventures5
Dolby Family Ventures4
Gaingels3
GGV Capital3
New Enterprise Associates3
Ohio Innovation Fund3
8VC2
AME Cloud Ventures2
Bascom Ventures2
Benhamou Global Ventures2
Berkeley SkyDeck Fund2
Blackhorn Ventures2
Bolt2
Candou Ventures2
Dell Technologies Capital2
Emerald Development Managers2
Emergent Ventures2
EnvisionX Capital2

Investment Strategy

Fusion Fund: Led accounts for 21% and participating for 79% of round participation.All available history.
Fusion Fund: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led1221%
Participating4579%
Fusion Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Fusion Fund: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead650%
Co-led650%

Team

Blake Pennington

Senior Associate

Charlotte (Danqing) Xia
Homan Yuen

Venture Partner

Kevin Zhang

Associate

Lars Ahlstrom

CFO

Lu Zhang

Founder & Managing Partner

Shane Wall

Investment Partner

Vicky O’Hara

Chief Financial Officer

Zhenan Bao

Advisory Partner