ZhenFund is a Venture Capital based in Beijing.

How many investments has ZhenFund made?

ZhenFund has made 46 disclosed investments.

How much does ZhenFund manage?

ZhenFund manages $1.0B in assets.

What companies has ZhenFund invested in?

ZhenFund's portfolio includes Moonshot AI, SmartMore, Genspark, Wuji Tech, Tiger Brokers, ARX.

ZhenFund

Q: What does ZhenFund invest in?

ZhenFund invests in Artificial Intelligence, Crypto & Web3, E-Commerce, Healthcare, SaaS, Robotics, Semiconductors Pre-Seed, Seed companies.

Venture Capital

ZhenFund is a Beijing-based seed-stage venture firm founded in 2011 by former New Oriental co-founders Xu Xiaoping, Wang Qiang, and Fang Aizhi in collaboration with Sequoia Capital China, known for founder-first, people-over-projects investing and a strong track record backing Chinese returnee entrepreneurs.

Beijing, China · 46+ investments · 23 portfolio companies

Website

Pre-Seed

Seed

Artificial Intelligence

Crypto & Web3

E-Commerce

Healthcare

SaaS

Robotics

Semiconductors

Headquarters: Beijing, China
Founded: 2011
Website: en.zhenfund.com
AUM: $1.0B

Portfolio Companies: 23
Total Investments: 46
Last Investment: Jan 2026
Geographic Focus: China, India, Japan, Southeast Asia, United States

Investment Thesis

We invest in technology, artificial intelligence, enterprise services, healthcare, consumer products, and mobile...

ZhenFund is a Venture Capital firm based in Beijing, China. It has made 46 investments in Artificial Intelligence and Crypto & Web3, including Moonshot AI, SmartMore and Genspark.