Fusion Fund Silicon Valley LLC
Corporate venture, based in Palo Alto, California, reporting $526M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
8 additional team members, 37 additional co-investors and affiliates, 66 additional investments, funds and LPs, 25 events, 13 verified contacts (11 professional url, 2 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companynew in 12 months
1 new company in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 6 May 2026 ($18M round).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 4 dealswith Mighty Capital Management
Invests most often alongside Mighty Capital Management (4 shared deals) and Rocketship.vc (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Founder and Managing PartnerWhy: Managing partner: runs the firmProfile
- Investment PartnerWhy: Partner: part of the investment decisionProfile
- Investment PartnerWhy: Partner: part of the investment decisionProfile
Relationship network
125 connected entities4 observed rounds1 repeat counterparty1 dated round shown here, 2022
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Fusion Fund Silicon Valley LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Fusion Fund Silicon Valley LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
66 companies on record, 1 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Cellular Intelligence | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| codeSparkAcquired | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| CuseumExited | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- 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
Team
12 current, 1 departed
Decision makers
- Lu Zhang · Founder and Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
- David Gerster · Investment PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
- Ivneet Bhullar · Investment PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Founder and Managing Partner · 2 deals attributed
- Investment Partner · 1 deal attributed
- Investment Partner
Contacts
2 firm phone, 11 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
6 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| 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 | $49.3M Mar 30, 2026 | 29 | $0 | Jul 14, 2023 |
| Fusion Fund III, L.P. | Fund | 2022 adv first reported | Active deployment | $94.4M Mar 30, 2026 | 66 | $0 | Jan 12, 2021 |
| Fusion Fund I, LP | Fund | 2015 form d first sale | Harvest | $31.9M Mar 30, 2026 | 19 | $12.0M of $15.0M | Feb 19, 2016 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
68 co-investors · on 1 other DFX graph
Co-investors
- 2026-09-304 shared deals · strong
- 2026-10-012 shared deals · recurring
- 2026-10-012 shared deals · recurring
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Fusion Fund Silicon Valley LLC is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
30 dated events, 68 observations from 3 sources
Timeline
- seen on or beforeSep 17, 2026Fusion Fund Silicon Valley LLC: INSTITUTIONAL_VC -> CORPORATE_VENTURE (corporate parent: self-described)Classification changedClassificationInference
- seen on or beforeSep 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 page
- seen on or beforeSep 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 page
- seen on or beforeSep 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 page
- seen on or beforeSep 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 page
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 6 private fundsShowHide
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- 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, adviser total
- $526Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 17, 2026Corporate venture (confirmed, 95%)Corporate parent: self-described
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $242M across 5 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $242M across 4 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 19, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 19, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-03-30 | Mar 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2021-03-30 | Mar 19, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-19 | Mar 19, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 30, 2026 | Fact | Form ADV |
| SEC status effective | 2021-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 19, 2024 | Fact | Form ADV |
| Business phone | Mar 30, 2026 | Fact | Form ADV | |
| Business phone | Mar 19, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Headquarters | Palo Alto, CA | Mar 30, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 19, 2024 | Fact | Form ADV |
| Office address | Mar 30, 2026 | Fact | Form ADV | |
| Office address | Mar 19, 2024 | Fact | Form ADV | |
| Self-described type | Corporate venture “’s venture arm.” | Oct 1, 2026 | Fact | |
| Self-described type | Corporate venture “’s venture arm.” | Sep 16, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 30, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 19, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 14, 2026 | Fact | ||
| Private funds reported | 6 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 19, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $526M | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $526M | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $242M | Mar 19, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 30, 2026 | Fact | Form ADV |
| Stated geography | Canada, global, united states “geography words on the home page” | Oct 1, 2026 | Fact | |
| Stated geography | Canada, global, united states “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Canada, united states “geography words on the home page” | Sep 14, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, climate, hardware, robotics, space, logistics, industrial “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, climate, hardware, robotics, space, logistics, industrial “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, hardware, space, logistics, industrial, media “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, series b, early “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, series b, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 14, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 14, 2026 | Fact | ||
| Venture funds reported | 6 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 19, 2024 | Fact | Form ADV |
| Website | Mar 30, 2026 | Fact | Form ADV | |
| Website | Mar 19, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersCorporate venture, confirmedShowHide
Corporate parent: self-described
- importance
- gav: 0.52 · funds: 0.5 · people: 0.36 · investments: 0.68 · co investors: 0.74
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-06-02
- emerging manager
- fund count: 6 · reported gav: $526M · first adv filing: 2021-03-30 · years since first filing: 5.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 19.3confidence 80%Why: activity; cap table
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Organization classification changed2026-09-17
- Adviser's first ADV filing2021-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.