ZhenFund
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 · 51+ investments · 61 portfolio companies
- Headquarters
- Beijing, China
- Founded
- 2011
- Website
- en.zhenfund.com
- AUM
- $1.0B
- Portfolio Companies
- 61
- Total Investments
- 51
- Last Investment
- Jan 2026
- Geographic Focus
- China, India, Japan, Southeast Asia, United States
Investment Thesis
ZhenFund is a Venture Capital firm based in Beijing, China. It has made 51 investments in Artificial Intelligence and Crypto & Web3, including Moonshot AI, Super Evil Megacorp and SmartMore.
Portfolio61
Co-investors24
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24 co-investors across 116 shared portfolio companies — who they back alongside, and how often they lead.
Venture Capital ×17 · Corporate VC ×3 · Growth Equity ×1 · 45 shared rounds
Investment History
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