Lu Zhang
Founder and Managing Partner of Fusion Fund (founded 2015), a Palo Alto venture capital firm with ~$500M AUM; a Stanford-trained materials scientist and serial entrepreneur who previously founded and exited a medical-device company.
Lu Zhang was born in Inner Mongolia, China, and moved to the U.S. in 2010 for a Master's in Materials Science at Stanford, where she developed non-invasive diagnostics for early Type 2 diabetes detection. That research led to her first company, Acetone, a medical-device startup she founded around age 21 and sold to Boston Scientific in 2013. In 2015 she founded Fusion Fund, a Silicon Valley VC firm that has grown from an initial $15M fund to roughly $500M in AUM, backed 75+ startups producing five-plus unicorns (including GrubMarket, Lightricks, and Element Biosciences) with 10 exits, and closed an oversubscribed $190M Fund IV in March 2025. She was one of the first Chinese-American women on Forbes' 30 Under 30 in venture capital and a World Economic Forum Young Global Leader.
Overview
- Role
- Founder & Managing Partner, Fusion Fund
- Based in
- Palo Alto, CA
- Prior experience
- Acetone (Founder; medical-device startup acquired by Boston Scientific in 2013)
- www.linkedin.com/in/luzhangvc/
- Website
- www.fusionfund.com
Companies0
No linked records yet.
Frequently asked
- Who is Lu Zhang?
- Lu Zhang was born in Inner Mongolia, China, and moved to the U.S. in 2010 for a Master's in Materials Science at Stanford, where she developed non-invasive diagnostics for early Type 2 diabetes detection. That research led to her first company, Acetone, a medical-device startup she founded around age 21 and sold to Boston Scientific in 2013. In 2015 she founded Fusion Fund, a Silicon Valley VC firm that has grown from an initial $15M fund to roughly $500M in AUM, backed 75+ startups producing five-plus unicorns (including GrubMarket, Lightricks, and Element Biosciences) with 10 exits, and closed an oversubscribed $190M Fund IV in March 2025. She was one of the first Chinese-American women on Forbes' 30 Under 30 in venture capital and a World Economic Forum Young Global Leader.
- What is Lu Zhang's role?
- Lu Zhang is Founder & Managing Partner, Fusion Fund, based in Palo Alto, CA.
- Where did Lu Zhang work before?
- Lu Zhang's prior roles include Acetone (Founder; medical-device startup acquired by Boston Scientific in 2013).
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Sources & citations5
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Lu Zhang, Founder & Managing Partner of Fusion Fund; M.S. in Materials Science and Engineering from Stanford University; serial entrepreneur and materials science researcher prior to founding the firm in 2015.
Fusion Fund: Lu Zhang - TeamVerified2026-08-11 - 2
Lu Zhang founded Fusion Fund in 2015 at age 25, having previously founded Acetone, a Type 2 diabetes medical-device startup born out of her Stanford materials science research, which she sold before launching her VC firm; Fusion Fund IV closed at $190M, AUM approximately $500M across 75+ portfolio companies including 5 unicorns.
Forbes: Fusion Fund Raises $190 Million To Back The Next Tech GiantVerified2025-03-07 - 3
Lu Zhang biography: born in Inner Mongolia, China; Bachelor of Engineering from Tianjin University; moved to the US in 2010; M.S. in Materials Science and Engineering from Stanford; founded a healthcare-AI/medical-device company at 21 with a successful exit at 24, before founding Fusion Fund in 2015.
Wikipedia: Lu Zhang (venture capitalist)Reported2026-08-11 - 4
Fusion Fund, founded in 2015 by Lu Zhang, participated in Reality Defender's strategic investment round alongside BNY and Samsung Next.
PR Newswire: Reality Defender Announces Strategic Investments from BNY, Samsung Next, and Fusion FundVerified2025-04-03 - 5
Lu Zhang, Founder & Managing Partner at Fusion Fund; background as a Chinese-American entrepreneur, Forbes 30 Under 30 honoree, World Economic Forum Young Global Leader.
World Economic Forum: Lu ZhangReported2026-08-11