ZhenFund

ZhenFund is a seed fund and venture capital firm established in 2011 by New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang, in collaboration with Sequoia Capital China. Based in Beijing, with additional offices in Shenzhen, Shanghai, and Silicon Valley, ZhenFund focuses on investing in innovative startups across various sectors including e-commerce, education, artificial intelligence, fintech, and healthcare. With a portfolio that includes over 800 companies and more than 30 unicorns, ZhenFund emphasizes the importance of exceptional founding teams in building successful businesses. The firm provides entrepreneurs with comprehensive support through mentorship, biannual demo days for networking with top Chinese venture capitalists, and various consulting services. ZhenFund has received recognition as the leading early-stage investment firm for six consecutive years, highlighting its influence and effectiveness in the startup ecosystem.

Dai, Yusen

Managing Partner

Anna Fang

Partner and CEO

Grace Gu

Principal and Head of Eastern China

Yuan Liu

Partner

Tianyi Qin

Principal

Yuguang Sun

Investment Associate

Lulu Sun

VP

Debbie Wang

VP

Terry Wang

Venture Partner

Fangzhou Yao

Managing Director

Li Yi

Investment Associate

Emma Yin

Partner

Meng Yuan

Investment Associate

Jack Zheng

Managing Partner

816 past transactions

Manus AI

Series B in 2025
Manus is a general AI agent that bridges thoughts and actions by excelling in various tasks such as research, data analysis, education, and productivity, offering personalized solutions across different domains to help users achieve their goals efficiently.

Dyna Robotics

Seed Round in 2025
Dyna Robotics is at the forefront of revolutionizing robotic manipulation with cutting-edge foundation models. Our mission is to empower businesses by automating repetitive, stationary tasks with affordable, intelligent robotic arms. Leveraging the latest advancements in foundation models, we're driving the future of general-purpose robotics—one manipulation skill at a time. Dyna Robotics was founded by industry leaders who previously achieved a $350 million exit in grocery deep tech as well as top robotics researchers from DeepMind and Nvidia. Our team blends world-class research, engineering, and product innovation to drive the future of robotic manipulation. With sizable funding already in place, we're positioned to redefine the landscape of robotic automation. Join us to shape the next frontier of AI-driven robotics.

Nailo Technology

Angel Round in 2025
Nailuo Technology is a company which focuses on technical services, technology development and software development.

Xinyanyi Code

Series A in 2025
Xinyanyi Code is an artificial intelligence programming application service provider that focuses on AI Coding and benchmarks the American intelligent code generation product Cursor.

LeXiang Intelligence

Angel Round in 2024
LeXiang Intelligence is a robotics company that specializes in the development of intelligent consumer-grade robots.

Dianzhuo

Seed Round in 2024
Dianzhuo is a digital retail company that specializes in providing international and imported electrical appliances.

UXLINK

Seed Round in 2024
UXLINK is a social infrastructure comprised of social protocols and a collection of Dapps.UXLINk creates groundbreaking landing sceneries for web3 groups.

Yi'an Holdings

Series B in 2024
Yi'an Holdings is a financial services company that provides one-stop investment banking services to small and medium-sized companies.

MioTech

Venture Round in 2024
MioTech is an artificial intelligence platform that empowers investment managers to better serve their clients in a world of complex data. By integrating and analyzing data from all types of sources, MioTech streamlines the entire investment process, creating an ultimate data-driven investing experience. MioTech has offices in Shanghai and Hong Kong. MioTech is backed by Horizons Ventures, ZhenFund, and prestigious individual investors around the world.

Endless Watts

Angel Round in 2023
Endless Watts focuses on the research and development of optical storage and charging. It is committed to promoting green energy digitalization and intelligence.

Infinigence

Series A in 2023
Infinigence is dedicated to providing AGI computing power solutions based on its large model energy efficiency optimization tools, with the goal of resolving the challenge of efficient and unified deployment of large model algorithms to large computing power chips.

iPeakoin

Series A in 2023
iPeakoin builds a global financial infrastructure, catering to local needs in Latin America. We offer PCI-enhanced customized acquiring solutions, reinforcing payment security.

BitSmart

Pre Seed Round in 2023
BitSmart is committed to solving the network scalability and communication efficiency problems faced by artificial intelligence.

Moonshot AI

Venture Round in 2023
Moonshot AI is a developer and provider of artificial intelligence models focused on advancing the field of artificial general intelligence (AGI). The company aims to transform energy into intelligence and facilitate the generation of intelligence through its innovative product offerings. The founding team has a strong background in research and development, having contributed to notable AI models such as Google Gemini and Google Bard. By concentrating on the creation of generative artificial intelligence models, Moonshot AI seeks to deliver significant value to the industry.

Altos Radar

Seed Round in 2023
Altos Radar accelerate the development and implementation of 4D Imaging Radar technology in driver-assisted and fully autonomous driving systems.

Mogic AI

Series A in 2023
Mogic AI is an advertising technology platform that provides tools to create and launch campaigns by pulling product images into ads using AI.

SpacemiT

Series A in 2023
SpacemiT is a computing chip company that specializes in the development and manufacture of next-generation RISC-V architecture chips. The company aims to create natively integrated cloud-edge-device architectures, delivering powerful computing solutions that combine both hardware and software optimization. By focusing on high-performance CPUs, SpacemiT seeks to establish itself as a significant player in the global computing landscape, providing enhanced cloud computation capabilities and high-performance computing resources to its users. Through its innovative approach, the company is positioned to play a crucial role in meeting the growing demands for computing power in the digital age.

Levinthal

Angel Round in 2023
Levinthal is an AI-driven protein design platform. They offer services for artificial intelligence in food safety and medical care. They offer synthetic biology, food, feed, and environmental protection.

Moonshot AI

Angel Round in 2023
Moonshot AI is a developer and provider of artificial intelligence models focused on advancing the field of artificial general intelligence (AGI). The company aims to transform energy into intelligence and facilitate the generation of intelligence through its innovative product offerings. The founding team has a strong background in research and development, having contributed to notable AI models such as Google Gemini and Google Bard. By concentrating on the creation of generative artificial intelligence models, Moonshot AI seeks to deliver significant value to the industry.

U Power

Series B in 2023
U Power is an intelligent electric vehicle company that builds cars for scenarios. It aims to enable scenario owners to define cars through standardized UP super chassis and to achieve Car as a Service. The company is headquartered in Xuhui District, Shanghai, China.

about t:me

Venture Round in 2023
about t:me offers coffee drinks in a recyclable sealed container. Their offering range from ordering, to customization options, to pick-up. Their coffee machines are designed to create a cup of coffee without the wait, every time. They respond to customer inquiries by phone and email.

Xiangke Intelligence

Angel Round in 2023
Tsinghua University, Beijing University of Aeronautics and Astronautics, computer and robotics professionals, and industrial serial entrepreneurs founded Xiangke Intelligence. It was established by the former founder of "Speed Technology" and the general manager of SharkNinja China Robot R&D Centre.

DeepVerse

Seed Round in 2023
DeepVerse specializes in advancing materials research and development by leveraging machine learning, high-throughput computing, and high-throughput experiments. The company offers innovative technology platforms that facilitate the efficient production of new materials, enhancing the research and development process for industry users. By providing tailored solutions, DeepVerse aims to improve the efficiency of material-related manufacturing while minimizing risks associated with research and development. Its focus on integrating cutting-edge technologies positions DeepVerse as a valuable partner for enterprises seeking to strengthen their competitive advantage and optimize their value chain in the materials sector.

Vigo Photon

Angel Round in 2023
Weiwu Photonics creates 3D visual perception modules, algorithms, and solutions. They also develop a monocular 3D snapshot camera based on optical super-surface and computational imaging technologies.

Mogic AI

Angel Round in 2023
Mogic AI is an advertising technology platform that provides tools to create and launch campaigns by pulling product images into ads using AI.

Tiaoyue Intelligent

Angel Round in 2022
Developer of digital marketing using generative AI. The company focuses on five major technologies including AI for video synthesis, lip and body movement synthesis, emotional speech synthesis, dialogue engine and knowledge graph, enabling live streaming and ecommerce platform to solve specific problems such as pre-sale contact, sale and after-sales service.

Veminsyn

Series A in 2022
Veminsyn provides chemical production services for low-carbon biomanufacturing. Their bioactive materials are for beauty and personal care, and they hope to expand to more diverse downstream products.

Meliora Therapeutics

Seed Round in 2022
Meliora Therapeutics is a biotech startup that is developing a machine learning-driven platform to identify the true mechanisms of action of oncology medications.
Weijing Energy Storage Technology operates as a high-tech driven intelligent manufacturing company for energy storage batteries.

Moonshot Commons

Seed Round in 2022
Moonshot Commons creates a vibrant community of engineers. They support technical founders from day 0 because they believe the next SpaceX and Apple will belong to Gen-Z and be engineering-driven by default.

LinkZill

Seed Round in 2022
LinkZill is a high-tech firm with products such as organic semiconductor materials, thin-film transistors, array, and portable test systems.

Tusk Robots

Angel Round in 2022
Tusk Robots is a Hong Kong-based robotics company established in 2020 that specializes in the research and development of robotic solutions aimed at enhancing intelligent logistics within smart factories. The company creates intelligent pallet robots designed for diverse sectors, including medicine, electronics, automotive parts, tobacco, chemicals, retail, apparel, and eCommerce. By providing effective handling solutions, Tusk Robots aims to facilitate intelligent logistics and support the advancement of smart manufacturing processes for various enterprises.

Xishu Technology

Seed Round in 2022
Xishu Technology is an IT operation and maintenance service provider.

Enflame

Series C in 2022
Enflame, also known as Suiyuan Technology, specializes in developing advanced neural network solutions for artificial intelligence applications. The company focuses on creating high-end deep learning chips designed specifically for cloud data centers, optimizing them for AI training platforms. These chips feature a proprietary architecture that delivers significant computational power while ensuring high energy efficiency and low costs. Additionally, they are programmable and compatible with mainstream machine learning frameworks, making them suitable for a wide range of AI training and optimization tasks.

Pingxin Technology

Series A in 2022
Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.

Persephone Biosciences

Seed Round in 2022
Persephone Biosciences develops healthcare technology designed to focus on microbial therapeutics for immuno-oncology applications. The company's technology uses artificial intelligence and omics techniques on multiple cancer patient gut microbiome and blood samples to identify microbes needed for normal immune function for population-scale patient data analytics, enabling lab researchers to design microbial drugs that prevent and fight cancer. Persephone Biosciences was founded in 2017 and is based in San Diego, California.

Shebaotong

Series C in 2022
Shebaotong provides social security, provident fund, commercial insurance, salary services, labor cost optimization and other services.

Yunsheng Group

Series C in 2022
Yunsheng Group is a technology company that offers human resources digital service cloud platforms. It creates a one-stop human resources full-process service system for employees, enterprises, governments, and institutions, and integrates recruitment, background adjustment, entry, social security and provident fund, salary, personal tax, and commercial insurance. The company was established in 2015 by Li Xianwei.

DigitAlp

Angel Round in 2022
DigitAlp is a scientific and technical innovation company focused on enhancing the value of clinical research through a comprehensive digital solution tailored for institutions. The company offers an integrated platform consisting of four key modules: an institutional comprehensive management system, a trial electronic medical record system designed for research wards, a sponsor service system, and a subject recruitment and full-service system. This suite of tools enables various stakeholders in clinical research to manage their operations more efficiently, ultimately streamlining the entire clinical trial process.

Klarity Health

Seed Round in 2022
Klarity provides nurse practitioners and physician assistants with the marketing, software, and human resources they need to succeed in offering profitable telehealth services online.

Aspecta

Seed Round in 2022
Aspecta develops digital identity technology aimed at empowering individual developers and fostering ecosystem growth. The company offers a talent engine platform that utilizes artificial intelligence to enhance recruiting processes. This platform integrates extensive data related to web talent, allowing users to analyze millions of coding projects, technical posts, patents, and academic papers. By transforming both Web2 and Web3 footprints into AI-generated identities, Aspecta aims to revolutionize the potential of data within the digital identity landscape, providing valuable resources for builders and other stakeholders.

Liwen Institute

Seed Round in 2022
Liwen Institute is a protein design service provider.

Levinthal

Seed Round in 2022
Levinthal is an AI-driven protein design platform. They offer services for artificial intelligence in food safety and medical care. They offer synthetic biology, food, feed, and environmental protection.

HPC-AI Technology

Seed Round in 2022
HPC-AI Technology specializes in a cloud-based platform that enhances artificial intelligence computations through improved CPU and GPU processing speeds. The company's software simplifies the coding process, allowing users to deploy AI applications either to the cloud or supercomputers. It dynamically optimizes the degree of parallelism based on real-time conditions, facilitating a seamless integration of software system design with hardware architecture. This approach enables users to maximize the performance of their AI applications, making high-performance computing more accessible and efficient.

Qingyue Technology

Seed Round in 2022
Qingyue Technology produces different versions of air disinfection machines and disinfection robots. Their products are intelligent anti-epidemic disinfection robots, air disinfection machines, and car air sterilisers. Their products are used in homes, hotels, banks, elevators, schools, hospitals, In indoor scenes such as airports, high-speed rail stations, and shopping malls.

Peppermint

Seed Round in 2022
Peppermint offers stylish innerwear for men online. They also provide a vast collection of innerwear and top brands of boy shorts for men. Peppermint's products have soft material that provides comfort, even in uncomfortable situations.

HiStarlink

Angel Round in 2022
HiStarlink is a commercial company that specializes in the development and manufacturing of advanced communication technology, particularly satellite laser communication systems. The company offers a range of products, including aerospace-grade optoelectronic devices, ultra-high-speed communication boards, laser communication terminals, and ground signal transceiver systems. HiStarlink's innovative solutions are designed to meet the demands of various sectors, including aerospace and national defense, by enhancing communication speed and reducing equipment costs. Through its cutting-edge technology, HiStarlink aims to improve the efficiency and effectiveness of communication systems in the aerospace industry.

Saibo Kunlun

Series A in 2021
Saibo Kunlun is a cyber security service provider that focuses on software, system security, and cloud security.

KNOWIN Trend Lab

Venture Round in 2021
Knowin is a vertical community e-commerce platform for sports categories dedicated to creating a trendy fashion space for young people.

Recurrent.ai

Venture Round in 2021
Recurrent.ai is a Chinese company that specializes in AI-enabled corporate services aimed at enhancing sales efficiency. The company offers a comprehensive sales dialogue analysis system that converts voice interactions into text, facilitating in-depth analysis of sales calls and customer service conversations. By leveraging machine learning, Recurrent.ai helps businesses generate detailed big data dialogue analysis reports and maintain customer portrait records. These capabilities enable companies to optimize their sales processes, reduce labor costs, and improve sales conversion rates, ultimately supporting more informed decision-making.

Urethane Tinglan

Angel Round in 2021
Tinglan Urethane focuses on the research and development of novel materials and cross-field applications.

Redesign Science

Seed Round in 2021
Redesign Science is a computational chemistry company focused on advancing early-stage small molecule drug discovery. By utilizing first-principles physics and artificial intelligence, the company simulates protein targets at the atomic level, uncovering subtle drug opportunities that traditional models may overlook. This innovative approach is designed to address emerging challenges in drug discovery, leveraging new scientific insights into biological pathways and disease mechanisms. Redesign Science aims to develop first-in-class small molecules targeting high unmet medical needs, thereby enhancing the efficiency of drug development processes and expanding the potential for therapeutic breakthroughs.

Jingying Technology

Seed Round in 2021
Jingying Technology is a short video content production and service platform through AI providing advertisers with marketing services.

Yongan Online

Series A in 2021
Yongan Online is an enterprise services platform providing anti-fraud solutions for the Internet and financial industries.

Numao Technology

Series A in 2021
Numao Technology is a digital brand providing TWS and wireless desktop products, as well as IP-centric products.

LinkZill

Seed Round in 2021
LinkZill is a high-tech firm with products such as organic semiconductor materials, thin-film transistors, array, and portable test systems.

Yingmai Medical

Series B in 2021
Yingmai Medical offers solutions for valve intervention, aortic and peripheral intervention, and neuromodulation. They are covering multiple innovative technology fields, such as structural heart disease treatment, pan-vascular disease treatment, nerve stimulation, and a brain-computer interface platform.

She said' App

Series A in 2021
She said' App is a developer of a dating app targeted at people living in cities. Users of their company's app can make friends, discover partners, and widen their networks by anonymously liking or disliking other accounts based on their images, a brief bio, and shared hobbies.

Salus BioMed

Angel Round in 2021
Salus BioMed is a biomedical company focused on advancing genetic sequencing technology and spatial omics products. It specializes in developing a DNA sequencing platform that features high-definition spatial transcriptomics, which allows for the measurement of gene activity. This technology enhances the ability to diagnose and treat various diseases, positioning Salus BioMed at the forefront of innovative solutions in the biomedical sector.

RiVAI

Series A in 2021
RiVAI Technologies specializes in the development of advanced RISC-V based CPUs and customized System-on-Chip (SoC) designs. The company focuses on delivering high-performance computing solutions for diverse applications, ranging from edge computing to data centers. Additionally, RiVAI develops artificial intelligence chips tailored for Internet of Things (IoT) applications, catering to various sectors such as wearable technology, smart homes, security systems, agriculture, and consumer electronics. By offering low-power yet high-performance core processor chips, RiVAI enables its clients to meet the growing demands of modern computing environments.

SURREN.AI

Seed Round in 2021
AI

TypeTech

Angel Round in 2021
TypeTech is a comprehensive digital service provider specializing in software trading. The company develops collaborative software solutions tailored for design and software development firms. Its primary focus is on delivering advanced technology applications in virtual reality (VR), augmented reality (AR), and mixed reality (MR). TypeTech aims to equip business users with innovative tools while maintaining affordability, making cutting-edge technology accessible to a wider range of clients.

Pingxin Technology

Seed Round in 2021
Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.

Shuangqi Beverage Technology

Seed Round in 2021
Infinite Spectrum starts from the new beverage "Coffee with Steam" of bubble + juice + coffee, and builds a product matrix around ready-to-drink beverages. In the future, it will expand various categories such as bubble lactic acid bacteria.

AI Rudder

Series A in 2021
AI Rudder is an AI startup that develops AI-powered voice solutions to improve B2C communications. AI Rudder helps call centers reduce costs by automating repetitive tasks and lowering agent workload. This frees up agents to focus on things only humans can do. With more than a decade of experience developing AI solutions, AI Rudder is revolutionizing customer engagement by combining humans and AI to make the customer experience seamless.

Yahaha

Series A in 2021
Yahaha is a platform that enables users to create and engage with 3D content, particularly within the realm of metaverse gaming. It offers a user-friendly environment where individuals, regardless of their experience level, can design and publish their own games and interactive content without the need for coding skills. The platform features simple tools and templates that make 3D creation accessible to a wide audience. Yahaha encourages a collaborative community where creators can share their work and experiences, fostering creativity and social interaction. By lowering the barriers to entry for 3D content creation, Yahaha aims to transform how users play, create, and connect in immersive digital environments.

SmartMore

Series B in 2021
SmartMore focuses on the efficient combination of scientific research and industry. Break through the limits and continue to innovate. With intelligent manufacturing and ultra-high-definition video as the starting point, SmartMore is restructuring the AI system and architecture to let the machine understand more.

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.

Oriental Space

Angel Round in 2021
Oriental Space is an aerospace company that manufactures large solid rockets.

Qingteng Cloud Security

Series C in 2021
With server security as the core, based on the adaptive security architecture, Qingteng cloud security integrates prediction, prevention, detection and response capabilities into one, and builds a security situation awareness platform based on workload, which provides users with sustained security monitoring, analysis and rapid response capabilities, and helps users to realize the unified strategy management of security, effectively predict risks, accurately perceive threats, improve response efficiency in diversified business environments such as public cloud, private cloud, hybrid cloud, physical machine, virtual machine, etc., and comprehensively protects the security of enterprise digital assets and the efficient development of business.

Care

Seed Round in 2021
Care is an innovative medical technology company developing medical and technological solutions for neurological diseases. Care researches and develops intelligent solutions, such as new software, hardware, and AI technologies, for screening, diagnosis, treatment, and research on neurological diseases.

COCO100

Seed Round in 2021
COCO100 produces coconut products including food snacks and personal care.

KNOWIN Trend Lab

Series A in 2021
Knowin is a vertical community e-commerce platform for sports categories dedicated to creating a trendy fashion space for young people.

Privoce

Pre Seed Round in 2021
Privoce specializes in providing customizable components for personal cloud computing tools, enabling users to host features on their own cloud servers to maintain true data ownership. The company's solutions focus on enhancing participatory representation, allowing teams, communities, and site owners to create tailored community platforms. By ensuring data ownership and interoperability, Privoce empowers netizens to effectively manage and personalize their social spaces, fostering greater engagement and collaboration within their digital environments.

Moffett AI

Seed Round in 2021
Moffett AI is an AI chip designer focused on creating advanced computation platforms and high-performance AI chips tailored for sparse neural networks. The company develops both terminal and cloud-based AI chip acceleration solutions, aiming to optimize computing models for enhanced performance. Moffett AI is dedicated to pioneering deep learning algorithms and building a next-generation AI computation platform that is powerful, fast, and energy efficient. By offering comprehensive services through a cloud-based system-on-chip (SoC) framework and public cloud software-as-a-service (SaaS), Moffett AI enables clients to leverage a universal AI computing platform characterized by ultra-high computing power and minimal energy consumption.

Moffett AI

Seed Round in 2021
Moffett AI is an AI chip designer focused on creating advanced computation platforms and high-performance AI chips tailored for sparse neural networks. The company develops both terminal and cloud-based AI chip acceleration solutions, aiming to optimize computing models for enhanced performance. Moffett AI is dedicated to pioneering deep learning algorithms and building a next-generation AI computation platform that is powerful, fast, and energy efficient. By offering comprehensive services through a cloud-based system-on-chip (SoC) framework and public cloud software-as-a-service (SaaS), Moffett AI enables clients to leverage a universal AI computing platform characterized by ultra-high computing power and minimal energy consumption.

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.

CellX

Seed Round in 2021
CellX is focused on developing innovative food products through the fermentation of morel mycelium to create mushroom protein. Their offerings include ingredient solutions for savory snacks, protein powders, and meat alternatives. In addition to its proprietary products, CellX licenses existing intellectual property to expedite the commercialization of cultivated meat. The company also employs advanced technologies such as suspension cell lines and serum-free media, achieving high cell density and cost-effective media production on a large scale. Committed to sustainable development, CellX aims to provide environmentally friendly and healthy animal protein alternatives through its cell-cultivated meat products.

Delonix Bioworks

Seed Round in 2021
Delonix Bioworks Ltd. specializes in synthetic biology, focusing on the development of innovative medicines and vaccination technologies. The company designs and engineers microbial strains to create treatments for infectious diseases, cancer, and other health challenges. By enhancing traditional vaccine research, Delonix Bioworks aims to address antimicrobial-resistant infections, providing healthcare providers with more effective solutions for patient care. Through its commitment to rational and scientific design, the company seeks to advance the field of medicine and improve treatment outcomes.

Saibo Kunlun

Seed Round in 2021
Saibo Kunlun is a cyber security service provider that focuses on software, system security, and cloud security.

Surreal

Seed Round in 2021
Surreal uses Artificial Intelligence to generate subversive content creation.

AkroStar

Seed Round in 2021
AkroStar is a technology company specializing in the research, development, and service of advanced semiconductor intellectual property (IP) and design IP cores. The company focuses on creating IP designs for various applications, including smart cars, data centers, high-performance computing, and artificial intelligence technology. By providing process customization, integrated design automation, system verification, and product integration, AkroStar enables users to enhance operational performance and improve efficiency in their chip design and system applications.

Black Lake Technologies

Series C in 2021
Black Lake Technologies is a fast-growing and venture-backed company, revolutionizing manufacturing enterprises with mobile-, IoT- and web-based collaboration platforms that acquire, visualize, monitor and analyze real-time manufacturing data. We enable factory staff (from top management to assembly line workers) to conveniently collaborate, interpret data, extract insights, and take immediate actions. The compoany's clients range from medium-sized enterprises to Fortune 500 conglomerates, whose production is made easier by Black Lake. Its investors include GSR, BAI, GGV, ZhenFund, China Growth Capital and IDG, with over CNY 100 million funding raised to date.

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.

Blue Wall Technology

Seed Round in 2021
Blue Wall is a technology company that aims to digitize the $3.7 trillion global real estate industry. Their flagship product, Julius, is a cloud-native, AI-powered project management platform that covers the entire lifecycle of real estate projects, ranging from planning and design to construction and sales. The platform offers a comprehensive set of modules including dynamic inventory manager, mobile quality inspection tools, and real-time budgeting system, and is highly customizable based on its microservices architecture and SaaS model. Blue Wall is backed by leading VCs in the US and China including GGV Capital, ZhenFund and Hearst Ventures.

Muxi

Series A in 2020
Muxi IC is committed to R & D and production of GPU chips with independent intellectual property rights, serving data centers, cloud games, artificial intelligence and other fields.

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.

Yahaha

Series A in 2020
Yahaha is a platform that enables users to create and engage with 3D content, particularly within the realm of metaverse gaming. It offers a user-friendly environment where individuals, regardless of their experience level, can design and publish their own games and interactive content without the need for coding skills. The platform features simple tools and templates that make 3D creation accessible to a wide audience. Yahaha encourages a collaborative community where creators can share their work and experiences, fostering creativity and social interaction. By lowering the barriers to entry for 3D content creation, Yahaha aims to transform how users play, create, and connect in immersive digital environments.

X-Epic

Series A in 2020
X-Epic is a startup based in Nanjing, China, focused on developing electronic design automation (EDA) software and systems. The company's offerings are designed to deliver comprehensive verification solutions that support the integrated circuit industry, as well as sectors such as 5G, artificial intelligence, cloud services, and high-performance computing. By providing innovative tools and systems, X-Epic aims to lower barriers to entry in the integrated circuit market and address various challenges related to chip design verification.

COCO100

Seed Round in 2020
COCO100 produces coconut products including food snacks and personal care.

Vastai Technologies

Series A in 2020
Vastai Technologies specializes in the development of semiconductor chips tailored for computer vision, video processing, and various artificial intelligence applications. The company's innovative products are designed to enhance computing power for AI visual tasks, allowing manufacturers of computer devices to integrate advanced chip technology into their offerings. By focusing on the optimization of AI capabilities, Vastai Technologies aims to support the growing demand for efficient and powerful processing solutions in the tech industry.

betterwood

Seed Round in 2020
Betterwood is a developer focused on creating management systems specifically for newly built hotels. The company offers an outsourcing solution that facilitates online hotel reservations, enabling hotels that lack their own websites to effectively reach and attract online customers. By streamlining the reservation process, Betterwood aims to enhance the operational efficiency of these hotels, allowing them to compete in the digital marketplace. The company is particularly active in markets such as China, where it seeks to support the growth of the hospitality sector.

HugePOD

Series B in 2020
HugePOD makes a print-on-demand experience to manufacturers, bringing a flexible supply chain for products in the market.

SmartMore

Series A in 2020
SmartMore focuses on the efficient combination of scientific research and industry. Break through the limits and continue to innovate. With intelligent manufacturing and ultra-high-definition video as the starting point, SmartMore is restructuring the AI system and architecture to let the machine understand more.

X-Epic

Seed Round in 2020
X-Epic is a startup based in Nanjing, China, focused on developing electronic design automation (EDA) software and systems. The company's offerings are designed to deliver comprehensive verification solutions that support the integrated circuit industry, as well as sectors such as 5G, artificial intelligence, cloud services, and high-performance computing. By providing innovative tools and systems, X-Epic aims to lower barriers to entry in the integrated circuit market and address various challenges related to chip design verification.

JH Cispoly

Angel Round in 2020
JH Cispoly specializes in the development of diagnostic technology and equipment specifically designed for gynecological tumors. The company focuses on creating innovative solutions for the early diagnosis of various types of gynecological cancers, including ovarian, cervical, and endometrial cancer. By enhancing early detection capabilities, JH Cispoly aims to improve patient outcomes and facilitate timely treatment for individuals at risk of these conditions.
Banlan Information Technology (Shanghai) Co., Ltd. is a Chinese company that specializes in providing design materials and execution tools for the soft decoration segment of the home design process. The company operates under the brand Zhulogic, which offers a comprehensive design material library to assist designers in their projects. In addition to its design resources, Banlan focuses on facilitating the transformation and upgrading of the home furnishings manufacturing industry, helping to modernize and enhance production processes. Through these services, Banlan aims to support professionals in creating aesthetically pleasing and functional home environments.

Moying Robotics

Seed Round in 2020
Moying Robotics is an enterprise that focuses on the development of mobile collaborative robots and application integration systems.
X-EPIC offers a solution that aims to revolutionize EDA technology with a focus on intelligence and innovation. X-EPIC's key technological pillars include Intelligent Debug, Intelligent Compiler, Intelligent Cockpit, and Intelligent Cloud Native. Additionally, their solution encompasses seven verification aspects, including hardware emulation system, FPGA-based prototyping, smart scenario stimulus, formal verification, logic simulation, System debugging, and Verification Cloud, offering clients a comprehensive verification solution. X-EPIC also provides professional verification consulting services to support the effective implementation of its solution.

SoupMaster

Series A in 2020
SoupMaster is a Chinese restaurant chain and retail brand. It provides various nutritious soups for pregnant women, patients with a demand for health recuperation, and other people pursuing high-quality life.
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