Lu Zhang (venture capitalist)

Lu Zhang
Born
Inner Mongolia, China
EducationTianjin University and Stanford University
OccupationsEntrepreneur, Venture capitalist
Known forFounder and managing partner of Fusion Fund

Lu Zhang is American venture capitalist, entrepreneur, and the founder and managing partner of Fusion Fund, a Silicon Valley-based venture capital firm.[1] Zhang was a Forbes 30 Under 30 featured Honoree in the venture capital category[2] and has been recognized as a Young Global Leader by the World Economic Forum.[3]She is also on the board of CommonSpirit Health Foundation and is a founding commissioner of AI for Good Global Commission.[4]

Early life and education

Lu Zhang was born and raised in Inner Mongolia, China.[5] She earned her Bachelor of Engineering from Tianjin University.[6] She moved to the United States in 2010 and later earned a Master of Science in Materials Science and Engineering from Stanford University.[7]

Career

At the beginning of her career, while at Stanford, Zhang developed non-invasive diagnostic technologies for Type 2 diabetes. At the age of 21, she founded her first healthcare AI company based on her research, and successfully exited the business by the age of 24.[8][9]

In 2015, Lu Zhang founded Fusion Fund, a venture capital firm headquartered in Palo Alto, California.[10] The firm focuses on early-stage investments in enterprise AI, healthcare AI, and deep tech, primarily within the U.S. and Canada.[11] Its portfolio also spans space tech, cybersecurity, industry robotics, and digital health.

In early 2025, Fusion Fund closed its fourth fund, Fusion Fund IV, at $190 million in committed capital after the fund was oversubscribed within about five months. The close brought the firms total assets under management to more than $500 million across a portfolio of more than 100 companies.[12]

Board and advisory roles

In 2026, Zhang was named a Founding Commissioner of the AI for Good Global Commission, a multistakeholder initiative co-chaired by president Paul Kagame and Marc Benioff, with ITU Secretary-General Doreen Bogdan-Martin as Vice Chair. [13]

References

  1. ↑ "The Seed 40: The best women early-stage investors of 2025". Business Insider. Retrieved 2025-08-12.
  2. ↑ "Lu Zhang, 28 - 2017-01-03 - 2017 30 Under 30: Venture Capital". Forbes. Retrieved 2025-08-12.
  3. ↑ "The Seed 25: The best female early-stage investors of 2021". Business Insider. Retrieved 2025-08-12.
  4. ↑ "Lu Zhang". AI for Good. Retrieved 2026-08-03.
  5. ↑ "Leaders in Action - Lu Zhang" (PDF). Women's Empowerment Principles. weps.org.
  6. ↑ "Zhang Lu". Forbes. Retrieved 2025-08-12.
  7. ↑ Lynley, Matthew (2018-05-02). "Fusion Fund raises a second $85M fund for heavily technical investing". TechCrunch. Retrieved 2025-08-12.
  8. ↑ Hasan, Zoya. "Fusion Fund Raises $190 Million To Back The Next Tech Giant". Forbes. Retrieved 2025-08-12.
  9. ↑ Howard, Caroline. "Women Under 30 Are Leading The Pack In Entrepreneurship And Innovation". Forbes. Retrieved 2025-08-12.
  10. ↑ PhD, Jonathan D. Grinstein (2023-10-02). "Fusion Fund Powers Founders Bringing AI to Healthtech, Life Sciences, and More". GEN - Genetic Engineering and Biotechnology News. Retrieved 2025-08-12.
  11. ↑ "We must first make AI more affordable before thinking about scaling up use cases: Fusion Fund". CNBC. 2024-09-19. Retrieved 2025-08-12.
  12. ↑ "Fund IV Announcement". Fusion Fund. Retrieved 2026-08-03.
  13. ↑ "Comunicado de prensa". ITU (in European Spanish). Retrieved 2026-08-03.
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