DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Fusion Fund Silicon Valley LLC
Fusion Fund Silicon Valley LLC
corporate parent: self-described
Importance
40
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- 550 LYTTON AVENUE, FLOOR 2, Palo Alto, CA, 94301adviserinfo.sec.gov
- Business phone
- 650-600-6828adviserinfo.sec.gov
- Website
- HTTP://WWW.FUSIONFUND.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $526Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 408-472-9822adviserinfo.sec.govpublished by the subject
- business phone
- 650-600-6828adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
69 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, healthcare, climate, hardware, robotics, space, logistics, industrial
- Stages
- pre seed, seed, series a, series b, early
- Geography
- canada, global, united states
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- corporate venture
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 88%Other Technology 7%Other 4%
lead rate 0%follow-on rate 0%new logos, 12 months 69
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Fusion Supernova Fund I, LP | Fund | 2024 adv first reported | Early deployment | $18.5M Mar 19, 2024 | 22 | $0 | Jul 14, 2023 |
| Fusion Fund III, L.P. | Fund | 2022 adv first reported | Active deployment | $71.0M Mar 19, 2024 | 62 | $0 | Jan 12, 2021 |
| Fusion Fund I, LP | Fund | 2015 form d first sale | Harvest | $25.4M Mar 19, 2024 | 19 | $12.0M of $15.0M | Feb 19, 2016 |
| Fusion Fund II, L.P. | Fund | unknown | Unknown | $128M Mar 19, 2024 | 41 | $0 of $75.0M | Dec 5, 2016 |
| Fusion Fund IV, L.P. | Fund | unknown | Unknown | unknown | unknown | $0 | Jun 26, 2024 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
14 current, 0 departed
Matthew Wong
AnalystAnalyst
Lu Zhang
Founder or executiveChief Executive Officer · since Nov 1, 2014
Vashegaarie Sundar
Investor relationsInvestor Relations Associate
Lu Zhang
Managing partnerFounder and Managing Partner
Fusion Expert Network
OtherPortfolio Partners
Fusion Fellowship Ambassador Program
OtherPortfolio
David Gerster
PartnerInvestment Partner
Ivneet Bhullar
PartnerInvestment Partner
Shane Wall
PartnerPartner & President of CXO Network
Zhenan Bao
PartnerAdvisory Partner
Theresa Tong
Platform and operationsOperations Manager
Ryan Jb Taylor
PrincipalPrincipal
Trevor Mottl
Venture partnerVenture Partner
Investments on record
69 edges, 68 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
40 relationships from shared deals, counted for the whole firm
Mighty Capital Management LLC 3 shared · recurringRocketship.vc, LLC 2 shared · recurringHummingbird Ventures V US GP LLC 2 shared · recurringFuture Planet Capital Limited 1 shared · one timeForesite Capital 1 shared · one time · they led 1Venturesouth Funds 1 shared · one timeActivate Capital Partners 1 shared · one timeCivilization Ventures Management, LLC 1 shared · one timeKhosla Ventures, LLC 1 shared · one timeTarget Global Selected Opportunities LP 1 shared · one timemark vc 1 shared · one timePrime Movers Lab LLC 1 shared · one timeWestriver Management, LLC 1 shared · one timeMassive Capital Partners 1 shared · one timeMenlo Ventures 1 shared · one timeTA Associates 1 shared · one timeRefinery Ventures 1 shared · one timeMontage Ventures 1 shared · one timeGalvez Capital, LLC 1 shared · one timeMatter Venture Partners 1 shared · one timeWebb Investment Network Management, LLC 1 shared · one timeWayfinder Ventures Management, L.L.C. 1 shared · one timeFuture Ventures 1 shared · one timeTechfarms Capital Management, LLC 1 shared · one timePresidio Partners Management, LLC 1 shared · one timeCRV, LLC 1 shared · one timeLerer Hippeau Ventures Management, LLC 1 shared · one timeUrban Innovation Management LLC 1 shared · one timeToloka LLC 1 shared · one timeWellington Management 1 shared · one time · they led 1Causation Ventures, L.L.C. 1 shared · one timeClearsky Advisors LLC 1 shared · one timeSeedcamp Investment Management LLP 1 shared · one timePA Capital Management LLC 1 shared · one timeStorm Ventures 1 shared · one timeHwvp Management Company, L.L.C. 1 shared · one timeCompound Advisors, LLC 1 shared · one timeFM Capital 1 shared · one timeRebellion Ventures, LLC 1 shared · one timeGreat North Ventures 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
41 dated events
- Sep 17, 2026Fusion Fund Silicon Valley LLC: INSTITUTIONAL_VC -> CORPORATE_VENTURE (corporate parent: self-described)Classification changedClassificationInferenceno URL
- Sep 16, 2026Volur, Inc. no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceVolur, Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Starpath Robotics Inc. no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceStarpath Robotics Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026SCOUT Space Inc. no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceSCOUT Space Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Portcos no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePortcosVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Optimal Dynamics, Inc. no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceOptimal Dynamics, Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Niobium no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceNiobiumVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Iamrobotics no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceIamroboticsVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026GrubMarket no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceGrubMarketVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026YOU no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceYOUVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026With no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceWithVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026wand.ai no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferencewand.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Vectara no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceVectaraVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Vcluster no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceVclusterVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026PopularPays no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferencePopularPaysVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026OTO no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceOTOVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Neuvector no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceNeuvectorVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Memories no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceMemoriesVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Lightricks no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceLightricksVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Exit Hybrid Cloud Storage no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceExit Hybrid Cloud StorageVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Dreamcraft no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceDreamcraftVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Bodo no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceBodoVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Accern no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceAccernVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Veridian no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceVeridianVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Thisisl no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceThisislVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Subtle Medical no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceSubtle MedicalVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Ruby Bio, Inc. no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceRuby Bio, Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026NeuroHarmonics no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceNeuroHarmonicsVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Missionbio no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceMissionbioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Meomind no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceMeomindVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Cosm no longer listed on Fusion Fund Silicon Valley LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceCosmVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 14, 2026Fusion Fund Silicon Valley LLC lists Paperspace as exited (mechanism not stated) on or before 2026-09-14 (no date published), on the portfolio pagePortfolio exitedExitsFactPaperspaceVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 14, 2026Fusion Fund Silicon Valley LLC lists NEXA as exited (mechanism not stated) on or before 2026-09-14 (no date published), on the portfolio pagePortfolio exitedExitsFactNEXAVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 14, 2026Fusion Fund Silicon Valley LLC lists Accern as exited (mechanism not stated) on or before 2026-09-14 (no date published), on the portfolio pagePortfolio exitedExitsFactAccernVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 14, 2026Fusion Fund Silicon Valley LLC lists Cuseum as exited (mechanism not stated) on or before 2026-09-14 (no date published), on the portfolio pagePortfolio exitedExitsFactCuseumVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 14, 2026Fusion Fund Silicon Valley LLC lists Neuvector as exited (mechanism not stated) on or before 2026-09-14 (no date published), on the portfolio pagePortfolio exitedExitsFactNeuvectorVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 19, 2024Fusion Supernova Fund I, LP first reported on Form ADV by Fusion Fund Silicon Valley LLC (Venture Capital Fund), GAV $18,472,366Fund first reported on Form ADVFundsFactFusion Supernova Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Fusion Fund III, L.P. first reported on Form ADV by Fusion Fund Silicon Valley LLC (Venture Capital Fund), GAV $15,345,899Fund first reported on Form ADVFundsFactFusion Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2021Fusion Fund II, L.P. first reported on Form ADV by Fusion Fund Silicon Valley LLC (Venture Capital Fund), GAV $78,996,641Fund first reported on Form ADVFundsFactFusion Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2021Fusion Fund Silicon Valley LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2021Fusion Fund I, LP first reported on Form ADV by Fusion Fund Silicon Valley LLC (Venture Capital Fund), GAV $19,647,871Fund first reported on Form ADVFundsFactFusion Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 17, 2026Corporate venture (confirmed, 95%, cls-1)corporate parent: self-described
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $242M across 5 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $242M across 4 vehicles
Evidence
46 observations from 3 sources