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Fusion Fund Surpasses $190M Goal, Backing Tech Unicorns

3/8/2025

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Summary

Story summary

Lu Zhang established Fusion Fund in 2015, initially raising $15 million and now managing $500 million.
The firm successfully closed its $190 million Fund IV, surpassing the $150 million target.
Fusion Fund focuses on early-stage tech and healthcare startups, boasting five unicorns in its portfolio.
Zhang's experience as a minority immigrant shapes her investment approach.
The firm has invested in five startups, including Starpath and SAIF Systems.

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Story summary

Lu Zhang established Fusion Fund in 2015, initially raising $15 million and now managing $500 million.
The firm successfully closed its $190 million Fund IV, surpassing the $150 million target.
Fusion Fund focuses on early-stage tech and healthcare startups, boasting five unicorns in its portfolio.
Zhang's experience as a minority immigrant shapes her investment approach.
The firm has invested in five startups, including Starpath and SAIF Systems.