About Fusion Fund
Fusion Fund is a venture capital firm founded in 2015. It is primarily based out of Palo Alto, United States. As of Aug 2026, Fusion Fund is an active investor, having invested in 105 companies, with 6 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Palona Overall, Fusion Fund portfolio has seen 4 unicorns, 2 IPOs and 15 acquisitions including key companies like Lyft, SpaceX and GrubMarket. A lot of funds co-invest with Fusion Fund, with names like Alumni Ventures sharing a substantial percentage of its portfolio. Fusion Fund has team of 20 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Fusion Fund's List of Top Investments
Fusion Fund has a portfolio of 105 companies, including 4 unicorns. Their most notable investments are in Nimble Science and vCluster.Their portfolio spans across United States, Canada, Australia and 4 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 26 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Fusion Fund:1. Lyft
Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.
Key facts about Lyft
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $5.02B
- Employee Count: 3,913 as on Dec 31, 2025
- Investors: HTIF, SeedFord Partners and 163 Others
- Latest Funding Round: Series I, Aug 06, 2018, $*****
- Highlight: Public
2. SpaceX
Provider of advanced aerospace and space transportation services. It delivers advanced launch services using reusable rocket systems designed to transport crew and cargo for missions to orbit, the Moon, Mars, and deep space exploration. It also develops and operates large-scale satellite networks that provide high-speed, low-latency internet connectivity across the globe, including remote and underserved regions. It supports human spaceflight programs aimed at expanding long-duration space exploration and increasing access to space for both commercial and governmental missions.
Key facts about SpaceX
- Founded Year: 2002
- Location: Hawthorne (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $11.9B
- Employee Count: 20,833 as on Sep 30, 2026
- Investors: TrueBridge, equitywestsecurities.com and 276 Others
- Latest Funding Round: Series J, Mar 17, 2026, $*****
- Highlight: Public
3. Otter.ai
Developer of an AI meeting agent providing transcription and summarization. The agent offers live transcripts, automated summaries, and action items from meetings. It integrates with various platforms to streamline workflows. The AI agent provides insights and helps structure ideas from conversations. It also automates follow-ups and syncs notes.
Key facts about Otter.ai
- Founded Year: 2016
- Location: Los Altos (United States)
- Stage: Series C
- Total Funding till date: $390M
- Employee Count: 304 as on Sep 30, 2026
- Investors: Bess Ventures, DHVC and 27 Others
- Latest Funding Round: Series C, Oct 20, 2026, $*****
- Highlight: Editors' Pick
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4. GrubMarket
Food technology company digitizing the food supply chain through B2B eCommerce. It operates a multi-layer platform that connects wholesale food distribution, B2B eCommerce, direct-to-consumer food delivery, and enterprise SaaS tools for supply chain management. It provides a B2B marketplace that connects growers, wholesalers, distributors, grocers, restaurants, and institutional buyers, enabling access to a wide network of fresh food products at scale.
Key facts about GrubMarket
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $908M
- Employee Count: 127 as on Sep 30, 2026
- Investors: Millennium Technology Value Partners, AME Cloud Ventures and 104 Others
- Latest Funding Round: Series H, Feb 02, 2026, $*****
- Highlight: Editors' Pick
AI-enabled key-word based private search engine. The users can get reviews from real users & experts while making any expensive purchase. Its AI-driven platform provides summaries for any queries. It also enables users to get the content they want & can also build their own knowledge base.
Key facts about You Technologies
- Founded Year: 2020
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $199M
- Employee Count: 337 as on Sep 30, 2026
- Investors: Georgian, Salesforce Ventures and 21 Others
- Latest Funding Round: Series C, Sep 03, 2025, $*****
- Highlight: Editors' Pick
Fusion Fund's Year-on-Year Investment Trends
Fusion Fund has invested in 105 companies over the last 10 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 14 investments, while as of Aug 2026, it has made 6 investments in this year. Its most recent first time investment was in Zeroport and most recent follow-on round was in Palona.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 3 | 6 |
2025 | 9 | 5 | 14 |
2024 | 4 | 3 | 7 |
2023 | 5 | 1 | 6 |
2022 | 7 | 2 | 9 |
2021 | 4 | 3 | 7 |
2020 | 7 | 2 | 9 |
2019 | 2 | 2 | 4 |
2018 | 10 | 1 | 11 |
2017 | 3 | 1 | 4 |
Fusion Fund's Investments by Stage
Fusion Fund has made 37 investments in Seed stage with an average round size of $5.94M, 18 investments in Series A stage with an average round size of $21.4M and 1 investment in Series B stage with an average round size of $32M.Stage of entry | No. of Investments |
|---|---|
Seed | 37 |
Series A | 18 |
Series B | 1 |
Note: We have considered here, only first round of investments
Fusion Fund's Investments by Sector
Fusion Fund has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, HealthTech, Life Sciences and Vertical SaaS. Notably, it has invested in 98 Tech companies, 88 Enterprise (B2B) companies, 73 Software companies and at least 41 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 35 |
High Tech | 26 |
HealthTech | 10 |
Life Sciences | 10 |
Vertical SaaS | 9 |
Others | 65 |
Note: We have considered here, only first round of investments
Fusion Fund's Investments by Geography
Fusion Fund has made most investments in United States (47), followed by Canada where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 47 |
Canada | 5 |
China | 1 |
Norway | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Fusion Fund's recent investments
Fusion Fund has made 6 investments in 2026 so far. Palona and Subtle Medical are the latest among them.Here are the most recent investments by Fusion Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 17, 2026 | United States | Series A | 4433 | [+4] | |
Jun 02, 2026 | United States | Series C | 2421 | [+4] | |
May 06, 2026 | United States | Series A | 3188 | ||
Jan 20, 2026 | China | Seed | 4950 | [+2] | |
Jan 07, 2026 | United States | Seed | 4942 | [+2] |
Unicorns in Fusion Fund's Portfolio
Fusion Fund has 4 unicorns in its portfolio - You Technologies, Element Biosciences, GrubMarket and others. The most recent unicorn in their portfolio is You Technologies. It became a unicorn in 2025, 1 years before Fusion Fund first invested in it.Here is a list of unicorns in Fusion Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | AI-enabled key-word based private search engine | 2020 | Palo Alto | Series C | jflnrif | ||
66 | Developer of benchtop DNA sequencer for research applications | 2017 | San Diego | Series E | uafgymd | ||
76 | Food technology company digitizing the food supply chain through B2B eCommerce | 2014 | San Francisco | Series H | nfbtlpz | ||
64 | AI-powered tools for image, video editing, and content creation | 2013 | Jerusalem | Series D | awrmxyx |
IPOs and Publicly Listed companies in Fusion Fund's Portfolio
2 of Fusion Fund's portfolio companies have become public. SpaceX got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $996B and Lyft got listed on the Frankfurt Stock Exchange (FRA) at marketcap of $8.42B.Here are Fusion Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | - | - | 6746 | |
Mar 29, 2019 | - | - | 2242 |
Acquired companies in Fusion Fund's Portfolio
15 companies from Fusion Fund's portfolio have been acquired. The most recent acquisition was Proscia in Oct 2026 by Agilent for $*****.Here are Fusion Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 13, 2026 | Sep 26, 2018 | Series A | 4488 | |
Apr 15, 2026 | - | - | 7597 | |
Nov 04, 2025 | - | - | 8038 | |
Apr 07, 2025 | - | - | 1088 | |
Feb 24, 2025 | Oct 03, 2024 | Series A | 3503 |
Team profile of Fusion Fund
Fusion Fund has a team of 20 members including 5 Partners, 2 Venture Partners and 1 Principal located in United States and South Korea. Fusion Fund's team sits on the board of 2 companies.Here is a list of top team members in Fusion Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Stanford | - | - | |
Partner | Sun Valley | |||
Partner | San Francisco | |||
Partner | Beverly Hills | - | - | |
Partner | Seoul | - | - | |
Venture Partner | Palo Alto | - | - | |
Venture Partner | Palo Alto | - | - | |
Principal | Los Angeles | - | - |
Co-investors of Fusion Fund
Over the past 10 years, 496 investors have co-invested in Fusion Fund's portfolio companies. This includes funds and angels.
- Invested before Fusion Fund: Y Combinator, DCVC and 123 others have invested in rounds before Fusion Fund. There are 3 companies where Y Combinator has invested before Fusion Fund and 2 companies where DCVC has invested before Fusion Fund.
- Top Co-investors of Fusion Fund: 204 investors entered a company along with Fusion Fund. These include investors like Alumni Ventures (3 companies).
- Invested after Fusion Fund: A total of 167 investors have invested in Fusion Fund's portfolio after their investments. Top Investors include Gaingels (3 companies), Sixty Degree Capital (2 companies) and NIH (2 companies).
Recent News related to Fusion Fund
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Subtle Medical has raised $33 Million in new Series C fundinghttps://www.intelligence360.news/•Jun 25, 2026•Fusion Fund, EnvisionX, Subtle Medical, BRV and 2 others
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Morgan Stanley Expansion Capital Leads $33 Million Growth Financing For Subtle MedicalBusiness Wire•Jun 02, 2026•Subtle Medical, Morgan Stanley, Shinhan Venture Investment, EnvisionX Capital and 5 others
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FDA Clears Subtle Medical's SubtleHD(PET) for Enhanced PET ImagingAPPLIED RADIOLOGY•May 27, 2026•Subtle Medical, Shinhan Venture Investment, EnvisionX Capital, Samsung Venture Investment and 2 others
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Scout Space Closes $18M Series A Funding RoundPayload•May 06, 2026•Scout Space, Washington Harbour Partners, Vipc, Noblis and 2 others
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CVector Announces $5M Seed Round to Accelerate AI for Industrial CustomersPR Newswire•Jan 27, 2026•CVector, Myriad Venture Partners, Hitachi Ventures, Boca Scientific and 3 others
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Israeli cybersecurity startup Zeroport raises $10m fundingTech in Asia•Jan 20, 2026•http://zeroport.co, Lool Ventures, Clarim Ventures, CYBER FUTURE and 1 other
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AgileRL Raises $7.5M in FundingFinSMEs•Jan 07, 2026•AgileRL, Counterview Capital, Fusion Fund, Entrepreneurs First and 2 others
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Enlightra secures $15M to enhance energy-efficient laser links for AI clustersEvertiq•Jan 05, 2026•Y Combinator, Runa Capital, Enlightra, Fusion Fund and 2 others
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Medra Raises $52 Million Series A to Build Physical AI ScientistsBusiness Wire•Dec 11, 2025•Fusion Fund, NFDG, Lux Capital, Seven Seven Six and 8 others
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Niobium Raises $23 Million for FHE Hardware AccelerationSecurityWeek•Dec 03, 2025•Silicon Catalyst, JobsOhio, Niobium Microsystems, Korean Development Bank and 9 others
