Fusion Fund (fka NewGen Capital)

General contacts
Investor type

VC

Founded

-

AUM

-

Location

Palo Alto, California, United States

Investment Ticket

$1-5 m

Investment Stage

Pre-seed Seed Series A

Region of investment

North America Europe
Investor profile last updated: 18 August, 2026

Profile

Fusion Fund is a venture capital firm based in Palo Alto, California, founded by Lu Zhang. The firm focuses on early-stage investments in startups that leverage technical or data advantages, particularly in the healthcare, enterprise AI, and industrial technology sectors. Fusion Fund is known for its strong technical and entrepreneurial background, which it uses to support entrepreneurs building companies with significant technical barriers and advantages.

The firm invests in Pre-Seed, Seed, and Series A stages, primarily in the United States and Canada. Fusion Fund's portfolio includes companies across various sectors such as healthcare, AI, and industrial technology. The firm does not publicly disclose its total assets under management or specific fund details.

Notable investments by Fusion Fund include Proscia - AI-driven pathology, Reality Defender - deepfake detection, Accern - AI and data aggregation, Optimal Dynamics - logistics technology, Constructor - AI-powered retail search, Somite AI - cell therapy innovation, and Rhino Federated Computing - federated computing.

Industry

Business Services (B2B) Fintech Healthcare Services Marketing and Advertising Software Education Edtech Fashion/Beauty Financial Services Food and Beverage Foodtech Gaming Media and Entertainment Medical Devices Other Pharmaceuticals Robotics Security Sports/SportsTech Telecommunications Transportation Travel MedTech Technology Life Sciences Infrastructure HealthTech AdTech TravelTech

Contacts

Name
Title
Email
Social Networks
avatar
Lu Zhang Founder and Managing Partner
Founder and Managing Partner
l•••@•••
LinkedIn
avatar
Homan Yuen Partner
Partner
h•••@•••
LinkedIn
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Investment-team contacts for Fusion Fund (fka NewGen Capital) — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Fusion Fund (fka NewGen Capital)

Fusion Fund (fka NewGen Capital) is a venture capital firm. It backs companies at Pre-seed, Seed and Series A, writing tickets of $1-5 m.
Fusion Fund (fka NewGen Capital) is located in Palo Alto, California, United States.
Fusion Fund (fka NewGen Capital) was founded in .
Fusion Fund (fka NewGen Capital) invests in companies and startups in Business Services (B2B), Fintech, Healthcare Services, Marketing and Advertising, Software, Education, Edtech, Fashion/Beauty, Financial Services, Food and Beverage, Foodtech, Gaming, Media and Entertainment, Medical Devices, Other, Pharmaceuticals, Robotics, Security, Sports/SportsTech, Telecommunications, Transportation, Travel, MedTech, Technology, Life Sciences, Infrastructure, HealthTech, AdTech, TravelTech.
Fusion Fund (fka NewGen Capital) invests in companies and startups in North America, Europe.
Fusion Fund (fka NewGen Capital) invests in companies and startups at Pre-seed, Seed, Series A.
Fusion Fund (fka NewGen Capital) usually invests $1-5 m on average.
Fusion Fund (fka NewGen Capital) can be reached through its website fusionfund.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Fusion Fund (fka NewGen Capital) — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Fusion Fund (fka NewGen Capital) directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 18 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.