Zhencheng Capital

Zhencheng Capital is a venture capital firm based in Beijing, China, founded in 2016. The firm specializes in investing in early and early-growth stage companies across various sectors, primarily focusing on technology, media, and telecommunications. Its investment portfolio includes advanced technology and artificial intelligence, intelligent hardware and robotics, enterprise software as a service, fintech, and consumption upgrading. Zhencheng Capital aims to support innovative startups that are poised for growth in these dynamic fields.

Jianwei Li

Founder and Managing Partner

56 past transactions

Light Year Exploration

Seed Round in 2025
Light Year Exploration is a distributor of vehicle mechanical products.

Vector Equation

Seed Round in 2024
Vector Equation Pomegranate Digital Human is a developer of intelligent digital human platforms, specializing in AGI and machine vision, offering customization, voice replication, short video creation, and field model creation in various industries.

HISINGY

Seed Round in 2024
HISINGY is a Chinese company specializing in drone technology toys and related services. It operates three brands: HISINGY focuses on recreational drones; Xingqi Lab SGLRT offers educational maker kits; TCKFILMS provides specialized drone filming services. The company aims to create an integrated entertainment ecosystem that combines virtual reality, games, mixed reality, and metaverse technologies, positioning itself as a trendsetting brand in future technology.

Xiaoge

Seed Round in 2024
Xiaoge Smart is a cutting-edge technology company that combines R&D, manufacturing, sales, and online and offline after-sales support for smart kitchen equipment for restaurants. It employs Internet of Things technology to enable the intelligent update of restaurant kitchens and to provide intelligent restaurant kitchen solutions.

Shuyun

Series C in 2023
Shuyun is a consumer digital operation technology firm that specializes in omni-channel consumer operation systems and services. Shuyun assists companies in realizing the digital operation of consumer assets, improving customer repurchase rate and customer life cycle value, and achieving sustainable performance growth and brand development by providing consumer operation solutions that integrate online and offline, public and private domains, self-owned channels and e-commerce platforms.

Nanjing Hanhua

Series A in 2023
Nanjing Hanhua specialized in smart energy management and control and energy saving and carbon reduction. It focuses on the industry through energy data online calibration WCC system, energy automatic balance EBS system, dual-model energy saving, and carbon reduction ESS system, smart management and control EMS system, and intelligent dispatching technology.

YiDian Knowledge

Seed Round in 2023
YiDian Knowledge is an innovative enterprise learning platform that transforms traditional approaches to corporate education through a modern product experience and advanced technical concepts. The company provides a comprehensive digital learning platform that integrates training management, corporate learning, business empowerment, and talent development. Its web-based learning management system caters to the needs of employees, partners, and customers, facilitating efficient online training and educational experiences. By focusing on building learning organizations, YiDian Knowledge aims to enhance workforce capabilities and foster continuous development within enterprises.

Air white whale

Angel Round in 2023
Beluga Airlines is a large-scale unmanned cargo aircraft R&D and manufacturing company.

Xiaoge

Seed Round in 2023
Xiaoge Smart is a cutting-edge technology company that combines R&D, manufacturing, sales, and online and offline after-sales support for smart kitchen equipment for restaurants. It employs Internet of Things technology to enable the intelligent update of restaurant kitchens and to provide intelligent restaurant kitchen solutions.

JuziBot

Seed Round in 2023
JuziBot provides smart marketing and sales services for customers on WeChat platform. The company helps SMBs build secure and stable key opinion customer channels, as well as helps corporate clients with customer acquisition and sales conversion.

Harvest Code

Seed Round in 2023
Harvest Code is a cultivation decision guidance platform that provides sustainable agricultural solutions to farmers and growers. They use innovative technologies to establish an accurate and effective cultivation guidance system and agricultural product sales platform to help growers improve yield, quality, and profit.

Lingyun Zhiqing

Angel Round in 2023
Lingyun Zhiqing provides high-end CAE simulation software products and technical consulting services for advanced manufacturing enterprises.

Chamlion

Series B in 2023
Chamlion provides end-to-end digital dentistry solutions based on 3D printing technology.

Chenglian Technology

Series B in 2023
Chamlion 3D is a national high-tech enterprise incubated and established by the Additive Manufacturing Institute of Nanjing University of Aeronautics and Astronautics. Digital solutions for dental 3D printing, leading the digital transformation and upgrading of the industry. Chenglian Technology is deeply engaged in the field of dentistry, with its in-depth understanding of the industry and rich product development.

Chenman Sci & Tech

Venture Round in 2023
Chenman Sci & Tech is a software company that develops and specializes in commercial energy management software. The company is focusing on distributed energy storage products and energy consumption measurement is dedicated to commercial properties, merchants provide operation management and energy service system, empower the digital and intelligent transformation of commercial energy, realize energy saving and efficiency increase, and help achieve the dual carbon goal. Chenman Sci & Tech was founded in 2020 and is based in Chengdu, China.

Telesair

Series A in 2023
Telesair is a medical device company focused on creating innovative respiratory care solutions aimed at enhancing the quality of life for individuals with lung diseases. By leveraging real clinical data, advanced engineering design, software, and Internet of Things (IoT) technology, Telesair develops respiratory care equipment that is both safer and more efficient for use in clinical and home settings. Their solutions facilitate the transition of patients from hospital environments to home care, thereby improving overall standards of care within the healthcare system.

HISINGY

Corporate Round in 2022
HISINGY is a Chinese company specializing in drone technology toys and related services. It operates three brands: HISINGY focuses on recreational drones; Xingqi Lab SGLRT offers educational maker kits; TCKFILMS provides specialized drone filming services. The company aims to create an integrated entertainment ecosystem that combines virtual reality, games, mixed reality, and metaverse technologies, positioning itself as a trendsetting brand in future technology.

Chenglian Technology

Series A in 2022
Chamlion 3D is a national high-tech enterprise incubated and established by the Additive Manufacturing Institute of Nanjing University of Aeronautics and Astronautics. Digital solutions for dental 3D printing, leading the digital transformation and upgrading of the industry. Chenglian Technology is deeply engaged in the field of dentistry, with its in-depth understanding of the industry and rich product development.

Xiaoyezi

Series C in 2022
Xiaoyezi is an AI-driven technology company focused on enhancing music education through innovative products. It specializes in developing intelligent musical instruments and offers online piano classes, along with an AI-powered piano training application. The company's flagship product, The ONE smart piano, has consistently ranked at the top of its category on Tmall during the annual 11.11 shopping festival for seven consecutive years. Xiaoyezi has established over 5,000 smart piano classrooms globally and serves users in 131 countries. Its unique smart sparring mode utilizes AI for error correction, facilitating scientific and efficient piano practice for learners of all ages.

Boreasa Technology

Series B in 2022
Boreasa Technology is a manufacturer specializing in high-performance miniature blowers, fans, and drivers. The company's products are utilized across various industries, including medical devices, air sensors, packaging, fuel cells, and hot air welding. By focusing on delivering advanced solutions, Boreasa Technology serves a diverse range of applications, ensuring efficiency and reliability in their offerings.

Deep Blue Aerospace

Series A in 2022
Deep Blue Aerospace is a commercial aerospace enterprise dedicated to the development and production of liquid recovery and reuse launch vehicles. The company aims to reduce the cost of human access to space through innovative technology, specializing in the creation of self-recyclable and reusable rockets. It operates a research and development center for rocket engines in Yizhuang, Beijing, and a rocket power system test base in Tongchuan, Shaanxi. By focusing on sustainable technologies, including low Earth orbit capabilities, Deep Blue Aerospace provides launch services that help clients lower the production costs associated with space rockets. The company has achieved national high-tech enterprise certification, along with certification in weapon equipment quality management systems, underscoring its commitment to quality and innovation in the aerospace sector.

Duoduoyun

Series A in 2022
Duoduoyun is a technology company specializing in Android cloud virtualization. It offers a range of products, primarily focusing on cloud mobile phones, cloud gaming solutions, and cloud security office solutions. The cloud mobile phone, which is based on ARM architecture, serves as the company's flagship product, enabling users to operate a virtual mobile device in the cloud. This solution allows for remote control and the transfer of mobile computing power to the cloud, enhancing accessibility and efficiency for users. Through its innovative offerings, Duoduoyun aims to transform the way individuals and businesses interact with mobile technology and digital services.

Deep Blue Aerospace

Series A in 2022
Deep Blue Aerospace is a commercial aerospace enterprise dedicated to the development and production of liquid recovery and reuse launch vehicles. The company aims to reduce the cost of human access to space through innovative technology, specializing in the creation of self-recyclable and reusable rockets. It operates a research and development center for rocket engines in Yizhuang, Beijing, and a rocket power system test base in Tongchuan, Shaanxi. By focusing on sustainable technologies, including low Earth orbit capabilities, Deep Blue Aerospace provides launch services that help clients lower the production costs associated with space rockets. The company has achieved national high-tech enterprise certification, along with certification in weapon equipment quality management systems, underscoring its commitment to quality and innovation in the aerospace sector.

Xiaoyezi

Series C in 2021
Xiaoyezi is an AI-driven technology company focused on enhancing music education through innovative products. It specializes in developing intelligent musical instruments and offers online piano classes, along with an AI-powered piano training application. The company's flagship product, The ONE smart piano, has consistently ranked at the top of its category on Tmall during the annual 11.11 shopping festival for seven consecutive years. Xiaoyezi has established over 5,000 smart piano classrooms globally and serves users in 131 countries. Its unique smart sparring mode utilizes AI for error correction, facilitating scientific and efficient piano practice for learners of all ages.

Xiaoyu Yilian

Venture Round in 2021
Xiaoyu Link is an online video conference solution provider. Xiaoyu Link plans to use the proceeds to enhance its sales and marketing efforts, as well as carrying out research in new products and technologies.

SAI.TECH

Series A in 2021
SAI.TECH is a global energy-saving Bitcoin mining operator and clean-tech company that integrates Bitcoin mining with power and heating industries. Founded in 2019, SAI.TECH specializes in developing comprehensive energy-saving solutions to optimize mining costs and promote clean energy transition. Its unique approach involves using proprietary liquid cooling and waste heat recovery technology for mining machines, recycling waste heat into steady hot water for heating customers while reducing operational costs.

Syrius Robotics

Series B in 2021
Syrius Robotics is a manufacturer of intelligent robots designed for material handling, particularly within factories and logistics environments. Founded in 2018 and headquartered in Shenzhen, China, with an additional office in Beijing, the company specializes in autonomous mobile robots that utilize a self-developed operational system and software platform, supported by AIoT cloud services. Syrius Robotics partners with fulfillment centers and warehouses globally, offering versatile automation solutions tailored for e-commerce, retail, and logistics sectors. Its innovative logistics robots, which incorporate advanced technologies such as laser radar and cameras, aim to enhance productivity in automated logistics and warehouse operations. The company's solutions are increasingly being adopted by various commercial organizations beyond the transportation industry, demonstrating its broad applicability and impact on efficiency in different sectors.

Space Transportation

Venture Round in 2021
Space Transportation is a company focused on designing and manufacturing space transport systems that aim to lower the costs associated with space exploration. The firm specializes in the development of reusable commercial space transport vehicles, which are intended to significantly reduce commercial launch expenses by addressing challenges related to reentry and vehicle recycling. Through its innovative approach, Space Transportation seeks to enhance the efficiency and affordability of space missions, contributing to the growth of the commercial space industry.

LaiHua

Series B in 2021
Laihua Digital Co, Ltd. is a company based in Shenzhen, China, that specializes in developing and operating a platform for video creation and customization. Founded in 2015, Laihua offers a range of services, including hand-drawn video creativity, customization, and educational resources for video makers. The platform caters to both businesses and individual users, providing professional video services alongside its unique hand-painted video capabilities.

Yinxiang Biji

Series B in 2021
Yinxiang Biji, established in 2012, is a Beijing-based enterprise services company that develops a note-taking application. This application facilitates note-taking, organization, task listing, and archiving for its users.

API7.ai

Series A in 2021
API7.ai is an open-source infrastructure company that empowers API management and analysis. It provides a wide range of products and solutions for microservices and real-time traffic processing, such as API Gateway, Kubernetes Ingress Controller and Service Mesh. API7.ai is committed to helping businesses drive digital transformation, enabling businesses to manage and visualize enterprise-critical traffic, to accelerate business decisions through big data and artificial intelligence. APISIX, a top-level project donated by API7.ai to the Apache Software Foundation, is the next generation of cloud-native API gateways that provide rich traffic management functions such as load balancing, dynamic upstream, canary release, circuit breaking, authentication and authorization, and observability. Built on Apache APISIX, the enterprise-level product API7 provides more advanced capabilities to meet the core requirements of enterprise users: multi-cluster, multi-tenant, permission configuration, version management, auditing, statistical reports, etc. APISIX and API7 are widely used by 100+ companies across the internet, financial, blockchain, manufacturing, retail and IoT industries. API7.ai has attracted global talents from 5 countries and 18 cities, many of whom are Apache Software Foundation members, OpenResty / Nginx core maintainers, Kubernetes members and industry experts in cloud infrastructure and security. The company is currently in Series A+ backed by Matrix Partners, Shunwei Capital, ZhenFund and ZhenCheng Capital.

API7.ai

Seed Round in 2020
API7.ai is an open-source infrastructure company that empowers API management and analysis. It provides a wide range of products and solutions for microservices and real-time traffic processing, such as API Gateway, Kubernetes Ingress Controller and Service Mesh. API7.ai is committed to helping businesses drive digital transformation, enabling businesses to manage and visualize enterprise-critical traffic, to accelerate business decisions through big data and artificial intelligence. APISIX, a top-level project donated by API7.ai to the Apache Software Foundation, is the next generation of cloud-native API gateways that provide rich traffic management functions such as load balancing, dynamic upstream, canary release, circuit breaking, authentication and authorization, and observability. Built on Apache APISIX, the enterprise-level product API7 provides more advanced capabilities to meet the core requirements of enterprise users: multi-cluster, multi-tenant, permission configuration, version management, auditing, statistical reports, etc. APISIX and API7 are widely used by 100+ companies across the internet, financial, blockchain, manufacturing, retail and IoT industries. API7.ai has attracted global talents from 5 countries and 18 cities, many of whom are Apache Software Foundation members, OpenResty / Nginx core maintainers, Kubernetes members and industry experts in cloud infrastructure and security. The company is currently in Series A+ backed by Matrix Partners, Shunwei Capital, ZhenFund and ZhenCheng Capital.

Syrius Robotics

Series A in 2020
Syrius Robotics is a manufacturer of intelligent robots designed for material handling, particularly within factories and logistics environments. Founded in 2018 and headquartered in Shenzhen, China, with an additional office in Beijing, the company specializes in autonomous mobile robots that utilize a self-developed operational system and software platform, supported by AIoT cloud services. Syrius Robotics partners with fulfillment centers and warehouses globally, offering versatile automation solutions tailored for e-commerce, retail, and logistics sectors. Its innovative logistics robots, which incorporate advanced technologies such as laser radar and cameras, aim to enhance productivity in automated logistics and warehouse operations. The company's solutions are increasingly being adopted by various commercial organizations beyond the transportation industry, demonstrating its broad applicability and impact on efficiency in different sectors.

Space Transportation

Seed Round in 2019
Space Transportation is a company focused on designing and manufacturing space transport systems that aim to lower the costs associated with space exploration. The firm specializes in the development of reusable commercial space transport vehicles, which are intended to significantly reduce commercial launch expenses by addressing challenges related to reentry and vehicle recycling. Through its innovative approach, Space Transportation seeks to enhance the efficiency and affordability of space missions, contributing to the growth of the commercial space industry.

Bianyi Keji

Series A in 2019
Bianyi Keji is a developer of flexible small-pitch IOT-LED screens.

Bianyi Media

Series A in 2019
The company has obtained more than a dozen national invention patents, and the company has gathered the most professional technology research and development in China. The team members from early members such as Huawei, Tencent, Qualcomm and Xiaomi.

Junwu Ciweimian

Series B in 2019
Junwu Ciweimian is a military-themed video production company.

Youcheyihou.com

Series D in 2019
YouCheYiHou is a car media platform that offers a range of services including a mobile app and small program solutions, alongside e-commerce for automotive supplies. The platform serves as an online information hub for motor vehicle transactions, providing users with updates on car models, maintenance tips, and insights into the car industry. By leveraging big data from the automotive sector, YouCheYiHou aids car dealerships in managing sales, branding, and customer service, while also delivering valuable information to both consumers and dealers.

Tianjin Smate Technology

Series A in 2018
Tianjin Smate Technology Co., Ltd. is a company that specializes in the design, development, and manufacturing of shavers. Established in 2017 and headquartered in Beijing, China, the company focuses on creating innovative grooming products that cater to consumer needs. With a commitment to quality and technological advancement, Tianjin Smate Technology aims to enhance the shaving experience through its thoughtfully engineered products.

Change Clothing Technology

Seed Round in 2018
Change Clothing Technology is a clothing technology which provides wearable flexible screen embedded into ordinary working clothes. The company is based in Beijing, China which was founded in April 2018.

Bianyi Keji

Seed Round in 2018
Bianyi Keji is a developer of flexible small-pitch IOT-LED screens.

Joudou.com

Series A in 2018
Joudou.com is a quantitative investment information platform that specializes in providing training camps for statisticians and online data services to assist users in managing their stock investments. The platform aggregates information from various trading sources, offering updates on investment performance. Additionally, it outlines stock and index returns and suggests potential technical strategies, empowering traders to make informed decisions when executing trades. Through its comprehensive approach, Joudou.com aims to enhance users' understanding of investment opportunities and improve their overall trading experience.

LOOK

Series A in 2018
Look is an online supplier of fashion and lifestyle content, offering a diverse range of products, including clothing and consumer goods, available for online shopping. The company provides an e-commerce service platform that enables users, particularly in China, to access a selection of over 5,000 fashion items from around the globe, thereby transcending limitations of time and geography. Look enhances the shopping experience by integrating machine learning technology with human customer service, offering personalized fashion matching services to its customers. This approach aims to create an innovative and engaging platform for users seeking worldwide fashion options.

MLog Tianqijia

Series B in 2018
MLog Tianqijia is a company based in Wuhan, China, that operates a commercial weather service platform. It specializes in utilizing meteorological forecast technology combined with big data analytics to deliver comprehensive meteorological services to its users. The company's focus on advanced forecasting techniques enables it to provide accurate and timely weather information, catering to various sectors and enhancing decision-making processes related to weather-dependent activities.

Withwheat

Series B in 2017
Withwheat is a Beijing-based bakery chain renowned for its European-style soft bread. It distinguishes itself by using minimal sugar (10% of regular bread) and oil (6%), with no preservatives, trans fats, or added flavors. This commitment to quality has made Withwheat's products highly sought after among consumers in the region.

Youjiang Ketang

Angel Round in 2017
Youjiang provides an internet education platform. Their courses cover office software, Internet, women, sideline, workplace, parent-child education, health, research, interests, and more. They also introduce punch-in services, question-and-answer services, time management services, employment consulting, and other services.

NEIWAI

Series B in 2017
NEIWAI is a mid-to-high-end underwear brand founded in Shanghai in 2012, dedicated to providing comfortable clothing that respects the feelings of women. The company emphasizes a design philosophy that harmonizes comfort, function, and beauty, resulting in a diverse range of products suitable for various daily activities, including home and sports. Over the past five years, NEIWAI has served more than 200,000 female customers, reflecting its commitment to meeting the needs of its clientele. By focusing on the comfort of close-fitting clothing, NEIWAI aims to enhance the everyday experiences of its customers through thoughtfully designed underwear.

Charpa Technology

Angel Round in 2017
Charpa Technology specializes in the research and development of innovative temperature control home products. The company leverages advanced technical materials, including aviation-grade materials, to enhance a variety of consumer goods. Its product offerings encompass apparel, digital wearable devices, bedding products, outdoor supplies, maternal and infant supplies, as well as small appliances and kitchenware. By integrating these specialized materials, Charpa Technology aims to improve the quality and novelty of everyday items, positioning itself as a leader in the home technology sector.

CoClean Technology

Series A in 2017
CoClean Technology, established in 2015, is a global technology company headquartered in Beijing, China. It specializes in developing and manufacturing wearable air purifier devices that use negative ion technology to clean the air. The company, founded by scientists and engineers, aims to improve living environments through innovative electrical consumer products and technical solutions. CoClean operates R&D, supply chain, and sales facilities across multiple cities in China, as well as user operations and R&D centers in the United States. Its product portfolio includes portable air purifiers, data mining for user information, and various household electronic products designed to enhance personal and public spaces.

Darma

Series A in 2017
Darma Inc. is a health technology company based in the United States that specializes in non-invasive health monitoring solutions. The company has developed an innovative non-wearable health tracking device known as the DARMA cushion, which allows users to monitor their vital signs through an integrated application while seated. This cushion not only provides real-time data on stress levels, sitting time, and posture but also offers reminders and alerts to encourage users to stand up and improve their posture. Additionally, Darma's technology includes advanced fiber optic biosensors designed for placement under mattresses, facilitating continuous monitoring of vital signs and cardiac performance without direct contact. By combining bio-sensing technology with cloud-based algorithms and healthcare management services, Darma aims to assist patients, caregivers, and healthcare providers in proactive health management, reducing hospital readmissions, and enhancing overall quality of life.

Kuickwheel

Series B in 2017
Kuailun Technology specializes in creating an Internet of Things (IoT) platform for shared vehicle networks, focusing on electric mobility solutions for urban transportation. The company develops a range of vehicles, including electric scooters, e-bikes, and electric motorcycles, catering to short-distance travel needs. By integrating advanced research and development in electric core technologies with efficient supply chain management and vehicle manufacturing, Kuailun Technology aims to enhance urban travel options. They employ professional laboratories to conduct rigorous testing, ensuring that their products meet high-quality standards for safety and performance. Through these efforts, Kuailun Technology is positioning itself as a leader in the shared mobility sector.

Junwu Ciweimian

Series A in 2017
Junwu Ciweimian is a military-themed video production company.

PopuMusic

Series A in 2016
PopuMusic is a company that specializes in developing smart guitars designed for beginners. Their innovative guitars can be connected to a music app that enhances the learning experience by illuminating the correct finger placements on the instrument. This approach combines a gaming interface with quick feedback and achievement incentives, making it easier and more enjoyable for users to learn to play. PopuMusic's philosophy integrates the essential elements of music—main notes, chords, and rhythm—into their teaching methodology, fostering a deeper connection with pop music.

The ONE Music Group

Series B in 2016
The ONE Music Group, founded in 2013 and based in San Francisco, California, specializes in the manufacture of innovative musical instruments that integrate digital technology. The company offers a diverse range of products, including pianos, keyboards, and related accessories such as keyboard bags and stands. Notably, The ONE Smart Piano is recognized as the world's first Apple MFi-certified upright piano, designed to facilitate learning through integrated LED lights that guide beginners in playing songs. Additionally, The ONE Music Group provides a mobile application for iOS and Android that features video lessons, LED light-guided sheet music, and engaging piano games. The company serves customers primarily in China and North America and has a robust online sales platform.

Yunzhou Intelligence Technology

Series B in 2016
Zhuhai Yunzhou Intelligence Technology Ltd. specializes in the manufacture and marketing of unmanned surface vehicles (USVs) designed for the water monitoring sector. Founded in 2010 and based in Zhuhai, China, the company offers a range of robotic water samplers and inspectors in various sizes, along with essential accessories such as handheld terminals, base stations, and outboard motors. Its products facilitate diverse applications, including routine and emergency water sampling, spatial distribution analysis of water quality factors, lake floor topographic surveying, pollution source tracking, and studies of lake and coastal waters. Yunzhou's technology also aids in predicting algae blooms, contributing to environmental monitoring efforts. The company distributes its products through a network of dealers worldwide.
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