ZhenFund

ZhenFund (Chinese: 真格基金) is a seed stage focused venture fund with over $1 billion under management since founded in 2011 by Bob Xu and Victor Wang, in collaboration with Sequoia Capital China. Bob and Victor previously co-founded New Oriental (NYSE: EDU), one of the world's largest education conglomerates. Three of Bob's seed investments have IPOed in NYC: Shiji Jiayuan (Nasdaq: DATE) (世纪佳缘, website), LightInTheBox (Nasdaq: LITB) (website), and Jumei (NYSE: JMEI) (聚美, website). Bob was named to the Midas List four years in a row (2016-2019) and was last ranked at #11. ZhenFund currently dominates China’s early stage venture capital scene, and is rapidly expanding its U.S. practice based in Palo Alto, CA. Its portfolio has over 750 high-growth companies, including 17zuoye, OFO, VIPKID, RED, Hero Entertainment, and Urwork. ZhenFund’s mission is to support, educate, and inspire the next generation of global entrepreneurs.

Yishan Cheng

Investor Relations Management

Anna Fang

Partner

Justin Guan

Investment Associate

Yuan Liu

VP of Portfolio Management

Lulu Sun

Investment Associate

Olivia Wang

VP, Global Business Development

Emma Yin

Investment Associate

Zhaoyu Zheng

Partner

782 past transactions

ThunderCore

Seed Round in 2018
ThunderCore is a fast, high performance EVM-compatible public blockchain with fully decentralized trust that brings scale to decentralized applications - with higher throughput, faster confirmation times, and lower costs. Based on years of groundbreaking research by Professors Shi and Pass of Cornell University, ThunderCore uses a breakthrough consensus protocol that overcomes the fundamental limitations of Nakamoto consensus. The result maintains fully decentralized trust while significantly improving performance.​

Yasten

Series D in 2020
Yasten provides high-quality fashion makeup products.

Blueseed Inc.

Seed Round in 2012
Blueseed is the upcoming startup community on a cruise ship stationed in Silicon Valley's [international waters](http://en.wikipedia.org/wiki/Territorial_waters). The location, half an hour by ferry from the coast of Silicon Valley, enables entrepreneurs from anywhere in the world to start or scale companies on the ship without requiring U.S. work visas. They can travel to the mainland for business or recreation using easier-to-obtain business/tourism (B1/B2) visas. As of 2014, Blueseed had received interest from [over 500 startups](http://blueseed.com/come-aboard/results), and has been covered in [every major media outlet](http://blueseed.com/press). The company has reserved $9M from an [undisclosed investor](http://video.foxbusiness.com/v/2257980403001/a-floating-lab-for-high-tech-startups/) and is looking for $21M more.

Vincross Inc.

Seed Round in 2016
Vincross Inc. designs and develops a sensor enabled robot with artificial intelligence. It offers HEXA, a six-legged spider robot that moves across various types of terrains and climbs stairs, as well as utilizes its sensors to have reaction times to its surroundings. The company was founded in 2014 and is headquartered in Beijing, China.

Validere

Seed Round in 2016
Validere Technologies Inc. develops portable devices that provide critical information about a liquid for large markets and industries. The company offers Validere Identifier, a portable device that checks liquids against its library and verifies if the liquid is hazardous; and EDGE Connect that enables buyers and sellers to securely connect with counterparties outside of their network and discover arbitrage opportunities. It offers its products for liquid fingerprinting, industrial process monitoring, and consumer product applications. The company was incorporated in 2015 and is based in Toronto, Canada.

Shebaotong

Series A in 2017
Shebaotong provides social security, provident fund, commercial insurance, salary services, labor cost optimization and other services.

Suiyuan Technology

Seed Round in 2018
Suiyuan Technology is a provider of neural network solutions for artificial intelligence. Its products are deep learning high-end chips developed for cloud data centers, and are positioned on artificial intelligence training platforms. The chip will adopt a unique and innovative architecture independently developed, featuring high computing power, high energy efficiency ratio, programmable, low cost, and support for mainstream machine learning frameworks. It is designed and optimized for cloud AI training.

Kargo Technologies

Seed Round in 2019
Kargo Technologies is a freight logistics marketplace covering the entire Indonesian archipelago. The Company enables shippers, transporters, and truckers to connect, transact and track shipments in real time on a platform, which they can access via the website and mobile app.

MakeSchool

Seed Round in 2016
MakeSchool provides a higher education degree program, creating a more direct connection between education and employment. MakeSchool provides instructional, curricular, admissions, and other services to help operate innovative new college programs in partnership with established universities. MakeSchool ensures relevance of education for the modern economy and accessibility to students of all backgrounds.

Validere

Seed Round in 2016
Validere Technologies Inc. develops portable devices that provide critical information about a liquid for large markets and industries. The company offers Validere Identifier, a portable device that checks liquids against its library and verifies if the liquid is hazardous; and EDGE Connect that enables buyers and sellers to securely connect with counterparties outside of their network and discover arbitrage opportunities. It offers its products for liquid fingerprinting, industrial process monitoring, and consumer product applications. The company was incorporated in 2015 and is based in Toronto, Canada.

Meicai

Seed Round in 2014
Meicai develops an agricultural produce mobile platform. It focuses on the supply chain of the agricultural produce. Mei Cai Network (Beijing Spruce Information Technology Co., Ltd.) was established in 2014 and has been committed to changing agriculture, rural areas and farmers through the Internet. Liu Chuanjun and Xu Xueyin founded Meicai in June 2014. Its headquarters is in Beijing in China.

Knoala

Seed Round in 2014
Knoala is an intelligent resource connecting parents to the right information, products, and services, at the right time. We began with play offering thousands of activities, videos, story ideas for parents to enjoy with infants to preschoolers. Since launching in October 2013, Knoala has been featured on TechCrunch, TimeTech, The Guardian, and many top parenting blogs around the world.

Shuidihuzhu

Series A in 2016
Waterdrop is an insurance platform that plans to solve the problem of high medical fees faced by most patients, especially those with a critical illness. Shuidihuzhu offers three products: mutual insurance, crowdfunding and commercial insurance. All their services are conducted through the platform’s official WeChat account, where users could post crowdfunding campaigns, buy insurances, or claim indemnities according to their policies.

Synyi

Series B in 2018
The Senyi team is composed of elites from well-known universities and well-known companies at home and abroad. It integrates experts in areas such as artificial intelligence, medicine, medical informatics, and medical informationization. The core team's technical achievements have been applied to a number of national and municipal projects. He has published more than 20 papers in international top journals and has spoken at top international medical conferences.

Er Geng

Series A in 2016
Er Geng video content platform. Er Geng also plans to expand its business in 30 cities across 20 provinces in China.

XtalPi

Series A in 2015
XtalPi is a biotech firm that uses artificial intelligence and computing to accelerate the development of new drugs. The firm uses algorithms to predict the crystalized form a drug will take. The data enables XtalPi to work with other pharmaceutical companies to develop new drugs and create new patents. It was founded in 2014 and headquartered in Cambridge, Massachusetts.

Stratifyd, Inc.

Venture Round in 2016
Stratifyd is an AI-powered analytics platform that is built around the customer feedback loop to enable enterprise companies to transform structured and unstructured human textual data found in call center platforms, surveys, product reviews, CRM systems, and interactive chat sessions and other omnichannel sources into immediately actionable insights. This allows the business to take action of insights from any customer feedback or data set. These insights will lead to increased customer retention, improved products and services, and increased revenue. It was founded in 2015 and is based in Charlotte, North Carolina.

NEIWAI

Series A in 2016
NEIWAI is a mid-to-high-end underwear brand that focuses on the comfort of close-fitting clothing. The company created underwear with the design concept of “respecting the feelings of women” and strive to find a balance of comfort, function, and beauty. In the past 5 years, its products have covered the daily, home, sports and other scenes of women and men, and have served more than 200,000 female customers. NEIWAI was founded in Shanghai in 2012.
Beijing Qingruan Haixin Technology Co., Ltd. is a private company engaged in research and development of 3-dimensional printing technology. The firm was founded in 2014 and is based in China.

Health Biotech

Angel Round in 2017
Beijing Health Biotech Co. Ltd. develops diagnostic and therapeutic products for diagnosis, treatment, and monitoring of Alzheimer's disease. The company offers diagnostic and therapeutic products, such as vitamins detection, Alzheimer's disease detection and treatment, prostate AA detection, ceramides test, therapeutic drug monitoring, and screening of neonatal genetic metabolic diseases for Alzheimer's disease, cardiovascular disease, urinary disease, genetic metabolic disease, therapeutic drug monitoring, metabolite detection, steroid hormone detection, trace element quantitative detection, vitamin family detection, and microbiological identification. It also offers clinical testing and research services. The company was founded in 2016 and is based in Beijing, China.

X-Energy Technology

Angel Round in 2015
X-Energy Innovations Inc. is a private company offering custom damping solutions. The firm is headquartered in Beijing, China.

Stratifyd, Inc.

Series A in 2016
Stratifyd is an AI-powered analytics platform that is built around the customer feedback loop to enable enterprise companies to transform structured and unstructured human textual data found in call center platforms, surveys, product reviews, CRM systems, and interactive chat sessions and other omnichannel sources into immediately actionable insights. This allows the business to take action of insights from any customer feedback or data set. These insights will lead to increased customer retention, improved products and services, and increased revenue. It was founded in 2015 and is based in Charlotte, North Carolina.

SmartMore Technology

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.

Super Evil Mega Corp.

Series C in 2015
Super Evil Megacorp develops core games for tablet, mobile, and emerging platforms. The company's gaming platform offers video games on mobiles and tablets, enabling users to play single or multiple player game with special effects.

Xinshixiang

Convertible Note in 2015
Xinshixiang is a well-known brand in the content field which has extended from textual content manufacturing to famous events. The company's platform provides contents including personalized recommendation, emotional companionship, value puzzlement solutions, enabling the young generation to achieve self-worth through reading.

Super Evil Mega Corp.

Series B in 2015
Super Evil Megacorp develops core games for tablet, mobile, and emerging platforms. The company's gaming platform offers video games on mobiles and tablets, enabling users to play single or multiple player game with special effects.

Oh My Green

Seed Round in 2018
Oh My Green is the Eat Healthy, Work Happy, Live Bliss(tm) company. Founded out of Stanford StartX and Y Combinator, Oh My Green offers a complete wellness platform that brings delicious and nutritious food, healthy snacks, drinks, and wellness practices to the workplace to improve employee productivity and engagement. Oh My Green provides micro-kitchens, micro-markets, catering, cafe management, subscription boxes and more to small businesses and enterprises. Our sophisticated stack leverages AI and IoT technologies, enables a flexible supply chain, and provides full analytics to our clients for easy account management. Oh My Green’s offerings help people live healthy lifestyles so that they can reach their full potential in and outside the workplace. Our client roster spans everything from Fortune 500 companies to some of the most admired startups.
Beijing Duia Online Education Technology Co., Ltd. provides online education services and is based in China.

Mobvoi

Series A in 2013
Mobvoi, Inc., also known as Chumenwenwen, operates as an artificial intelligence company that develops technologies in Chinese language speech recognition, natural language processing, and vertical mobile search. It offers Chinese Smart Watch Operating System that features mobile intelligence voice search for iOS, Android, Android Wear, Google Glass, and Wechat. Mobvoi, Inc. has a strategic agreement with The Volkswagen Group. The company was founded in 2012 and is based in Beijing, China.
Deep Intelligent Pharma (DIP) is a global start-up dedicated to empowering and accelerating drug discovery, development and registration through the most advanced AI technologies. With our end-to-end AI-driven platforms, we enable clients to efficiently move compounds from the lab to post-marketing stage with great quality. DIP's core team comes from top Internet companies and pharmaceutical MNCs. Our business operates across China, United States and Japan with global view starting from Day 1.
Zhuhai numao Technology Co., Ltd., also known as Angry Miao Technology, manufactures consumer electronics. Zhuhai numao Technology Co., Ltd. was founded in 2019 and is based in Zhuhai, China.

Recurrent.ai

Venture Round in 2021
Recurrent.ai is a Chinese company that provides AI-enabled corporate services to improve sales efficiency. Through a full set of self-study engine sales dialogue analysis system, it helps companies to transfer sales, customer service and customer dialogue from voice to text, providing full machine quality inspection and sales efficiency optimization. Core functions such as customer portrait records, fully automatic generation of big data dialogue analysis reports, help companies reduce time and labor costs, increase sales conversion rate, and effectively drive decision-making.

Crosswise

Seed Round in 2015
Crosswise, Ltd. provides machine-learning based cross-device mapping data. The company’s information enables AdTech vendors, consumer brands, and publishers to realize the benefits of cross-device advertising, content personalization, and analytics. It identifies which PCs, phones, tablets, digital TVs, and other connected devices are used by individual consumers. The company is based in Tel Aviv, Israel. As of April 21, 2016, Crosswise, Ltd. operates as a subsidiary of Oracle Corporation.

Shebaotong

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

Meipian

Series A in 2017
Meipian is a Chinese social media tool for authors and editors to create and beautify images and posts. Anyone can include words, pictures, videos, music and even tabs for sub-pages. With Meipian, anyone can easily import pictures from the computer, edit the graphics and text, and support the free drag and drop sequence of the mouse. It is more suitable for long-length graphic creation scenes, to maker editing more efficient.

Dandelion Energy, Inc.

Seed Round in 2017
Dandelion Energy offers affordable geothermal heating and cooling installations. Dandelion Energy's home geothermal system replaces your home’s existing air conditioning and heating equipment with a powerful heat pump and safe, underground pipes that move heat between the earth and home. Kathleen Hannun and Rajeez Quazi founded it in 2017, with its headquarters in Palo Alto in California.

Sobot

Series C in 2020
Sobot Technologies develops artificial intelligence based customer care solutions. It offers online customer services robot solutions, intelligent call-in-robots, manual online customer services, intelligent outbound robots, cloud call centers, work order systems, customer services applications, call integration, localized deployment, and human resource operation management services. The company serves education and training, e-commerce, corporate services, domestic services, game entertainment, and banking industries. Sobot Technologies was incorporated in 2012 and is based in Beijing, China.

MAGICEARS

Seed Round in 2017
With innovative technology and qualified native English speaking teachers from America and Europe, Magic Ears provides 5-12-year-old children in China a natural and efficient online English learning experience, which allows teachers to focus on teaching English in a pleasant environment.

Alibee

Seed Round in 2017
Founded by Dr. Yuanqing LIN in November 2017, Aibee is China’s leading AI startup providing AI total solutions, and its mission has been to empower and upgrade vertical industries with AI. At Aibee, they are working to perfect AI technologies for each industry by building total AI solutions that allow closing the loop among data, algorithms, technologies, and product/service. Aibee applies the most advanced and innovative AI technologies (computer vision, speech recognition, natural language understanding, big data analytics, robotics, etc.) to transform efficiency, productivity and business value of their target vertical industries by gaining deep understanding of pain points, needs and objectives of their clients as well as by creating new business opportunities.

Pingxin Technology

Seed Round in 2021
Pingxin Technology is an Enterprise services Platform.

Youibot

Seed Round in 2020
Youibot has researched and developed autonomous mobile robot platform independently, based on the latest generation of laser radar and visual real-time SLAM map creation and navigation technology. Equipped with indoor and outdoor robot navigation system with core technology advantages, Youibot provides domestic first-class intelligent mobile robot system and highly competitive industry solutions.

LyncMed

Series A in 2017
China is the largest producer in the 300 billion dollar medical device global market, through the traditional way, the Hospitals/clinics will after a long supply chain before they can get the products- from the OEM plant’s product line, through export trade agent, across the ocean to product brand owner’s warehouse, then the wholesaler distribute the products pass multi levels to the end distributors who serve the Hospitals /Clinics. That’s one of the reasons healthcare cost is so high and keep raising. Now, you can purchase the good quality medical disposable products online, while it’s just one click away for you, LyncMed is doing all the work behind that - manufacturer& product quality check, cross boarder shipping and 24hrs customer services.

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.

Lambda Project

Seed Round in 2017
Lambda owns and operates a scalable block chain infrastructure platform, which provides decentralized applications (DAPPs), data storage capabilities and provides services such as multi-chain data co-storage, cross-chain data management, data privacy protection, provable data possession (PDP), and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB. The company is based in Singapore.

Nongfenqi

Venture Round in 2016
Nongfenqi, a rural internet finance services platform.Run by Nanjing Nongfenqi E-Commerce Co. Ltd., provides installment payment services to large farming groups and collaborative communes on their agricultural equipment purchases. The company has provided services to 20,000 clients so far, the report added.

Surreal

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

ensenmax

Angel Round in 2016
Shanghai Ensenmax Co., Ltd. is engaged in industrial gas intelligent monitoring and Internet of Things solutions. The firm was founded in 2016 and is headquartered in Shanghai, China.

Mobvoi

Series C in 2015
Mobvoi, Inc., also known as Chumenwenwen, operates as an artificial intelligence company that develops technologies in Chinese language speech recognition, natural language processing, and vertical mobile search. It offers Chinese Smart Watch Operating System that features mobile intelligence voice search for iOS, Android, Android Wear, Google Glass, and Wechat. Mobvoi, Inc. has a strategic agreement with The Volkswagen Group. The company was founded in 2012 and is based in Beijing, China.

Yiigoo

Series A in 2016
Yiigoo Project (Beijing)Technology Co., Ltd. manufactures clothing for babies zero to eight months old. The firm was founded in 2016 and is based in China.

Neox

Seed Round in 2018
Since 1988, we have always been a reliable partner to their customers. Through their careful selection of employees and long-term employee loyalty, we can ensure conscientiousness, conscientiousness and consistency. Their customers appreciate this. Professional and human competence go hand in hand with us. Due to a corporate structure that promotes self-reliance and responsibility, their employees experience values ​​that they pass on to their customers every day. This creates a long-term and partnership-based cooperation with their customers.

Nice Tuan

Angel Round in 2018
Nice Tuan is an e-commerce platform that provides daily groceries and miscellaneous products.

Fangti.com

Seed Round in 2018
Fangti.com offers online language education training platform. The company was founded in 2017 and is based in Beijing, China.

Xiaohongshu

Seed Round in 2013
Xiaohongshu is a young lifestyle sharing platform to share positive energy and good life through the sharing of text, pictures and video. Xiaohongshu offers an overseas shopping tip app. Xiaohongshu started its business by helping overseas travelers to draft a shopping list before they hit the roads. But with the aggregation of more UGC contents, the service is transforming into a community for those who are passionate about fashion and shopping and want to know more about these fields even though they do not have overseas traveling plans on their schedules.

NovuMind

Seed Round in 2016
NovuMind Inc. operates as an artificial intelligence technology company. The company’s technology combines data, learning, and computing/heterogeneous computing to change the Internet of Things into the Intelligent Internet of Things. Its products are used for various applications, such as face recognition, smart health, data center, autonomous driving, intelligent manufacturing, and smart city. The company was founded in 2015 and is based in Santa Clara, California.

Tongcheng Life

Series B in 2019
Tongcheng Life is a community O2O group purchase service platform. With the community as a unit, it establishes a community sales office and completes offline delivery. The platform provides supply, logistics, storage and after-sales support. It mainly provides primary edible agricultural products, food, daily necessities, flowers and gardening, and crafts. , Beauty products and other services.

Xiao Man Technology

Seed Round in 2013
Xiaoman Technology is a foreign trade solutions provider that employs the power of big data and artificial intelligence. Its customer-relationship management technology helps enterprises to expand their international business. Xiaoman's products, solutions, and services are highly flexible and compatible, meeting the standardization needs of small and micro enterprises, as well as the customization needs of large and medium-sized enterprises. It has ensured satisfactory service and products to customers through a comprehensive customer-focused R&D, customer service, sales, marketing, and channel organization system. Xiaoman Technology was established in 2013 and is based in Shenzhen, China.

Castbox

Series A in 2017
Castbox is an award-winning global podcast platform that enables anyone to easily find, access, create and enjoy spoken audio content. Castbox gives users access to endless content in multiple languages, anywhere, through any device. Castbox’s proprietary technology includes features like curated podcast recommendations and in-audio deep search to customize the listening experience.

Polaris Technology Inc.

Seed Round in 2018
Polaris Technology i provides biomedical research institutes with cloud services of computational visualization and analysis specific to heterogeneous biomedical data. Our services are delivered to stakeholders through cloud-based deep learning models, cross-platform interactive data analysis systems, and crowd-sourcing data platforms.

AccutarBio

Seed Round in 2015
AccutarBio employs artificial intelligence to revolutionize drug discovery. AccutarBio's philosophy is to derive a data-driven principle that has the power of explaining physical and chemical nature of biological systems, which we harness to accelerate drug discoveries.

Orbeus

Pre Seed Round in 2013
Orbeus taps the power of deep learning to provide scalable image and face recognition solutions for businesses and consumers. With expertise in state-of-the-art machine learning and ImageNet (award winners in 2013 and 2014), Orbeus understands both the tremendous value, and limitations, of a purely academic approach for everyday uses. Orbeus bridges this gap to meet identification requirements has developed what could be the best application yet for letting everyday consumers benefit from advances in deep learning, called PhotoTime, which got featured by Apple store and mass medias.

Club Factory

Series C in 2018
Club Factory built an integrated supply chain from manufacturers to consumers for cross-border e-commerce. They scan the whole Internet to find factories which sell on Wish/Ebay/Amazon, and bring consumers the best prices.

Pianpian

Angel Round in 2013
Pianpian (片片) is a Chinese application owned by Atom Interaction (Beijing) Technology Co., Ltd., an internet company focused on innovation. It enables users to watch and download high-definition films and television series including different varieties of blockbusters, TV series, variety programs, animated cartoons, and more. The company’s initial staff comes from National University of Singapore, Michigan State University, Tsinghua University, and many other universities. Its members have previous technology and operation experiences of mobile internet. The company aims on developing interesting mobile applications that can change life and affect the living habits, and spreading it to the Silicon Valley as well as the rest of the world. Developed mobile applications of the company are focused on video, social intercourse, entertainment, and many other features. Pianpian is an audiovisual mobile application developed by Yuanzi Hudong. It was launched in October 2012.

91duobaoyu.com

Series B in 2019
Duobaoyu Insurance provides an online insurance service platform. It began operation in 2017, with its headquarters in Hangzhou in China.

Recurrent.ai

Series A in 2019
Recurrent.ai is a Chinese company that provides AI-enabled corporate services to improve sales efficiency. Through a full set of self-study engine sales dialogue analysis system, it helps companies to transfer sales, customer service and customer dialogue from voice to text, providing full machine quality inspection and sales efficiency optimization. Core functions such as customer portrait records, fully automatic generation of big data dialogue analysis reports, help companies reduce time and labor costs, increase sales conversion rate, and effectively drive decision-making.