ZhenFund

ZhenFund is a venture capital firm established in 2011 by Bob Xu and Victor Wang in collaboration with Sequoia Capital China, focusing primarily on seed-stage investments. With over $1 billion under management, ZhenFund has become a significant player in China's early-stage venture capital landscape and is expanding its operations in the United States. The firm's portfolio includes over 750 high-growth companies, such as 17zuoye, OFO, VIPKID, and RED, reflecting its commitment to nurturing innovative startups. Bob Xu, a prominent figure in the industry, has seen multiple seed investments achieve IPOs in New York City, a testament to ZhenFund's successful investment strategy. The firm aims to support and inspire the next generation of global entrepreneurs through its investment activities.

Sheldon Cao

Financial Controller

Yishan Cheng

Investor Relations Management

Anna Fang

Founding Partner & Chief Executive Officer

Justin Guan

Investment Associate

Derrick Li

Managing Director

Yuan Liu

Vice President of Portfolio Management

Lulu Sun

Investment Associate

Olivia Wang

Vice President, Global Business Development

Bob Xu

Founder

Emma Yin

Investment Associate

Zhaoyu Zheng

Partner

Past deals in Asia Pacific

Moonshot Commons

Seed Round in 2022
Moonshot Commons is an entrepreneurship community focused on supporting young technologists and start-ups, particularly targeting Gen-Z engineers. The organization fosters a vibrant environment where technical founders can learn, build, and scale their ventures from inception to investment-ready status. By facilitating connections between emerging engineers and investors, Moonshot Commons aims to empower the next generation of innovators, believing that the future leaders in technology, akin to SpaceX and Apple, will emerge from this community. Through its initiatives, it provides essential resources and support for engineering-driven projects, enabling young professionals to realize their entrepreneurial aspirations.

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.

Shebaotong

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

DigitAlp

Angel Round in 2022
DigitAlp is a scientific and technical innovation company devoted to increasing the value of clinical research by giving a fresh perspective-a one-stop digital solution for the whole clinical trial process centred on institutions. Their solution includes an institutional comprehensive management system, the trial electronic medical record system, the sponsor service system, and the subject recruitment and full-service system.

Liwen Institute

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

HPC-AI Technology

Seed Round in 2022
HPC-AI Technology provides a cloud-based platform to enhance AI computations by increasing CPU and GPU processing speeds.

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 makes communication technology like space-borne laser communication terminals and core devices. The main product matrix covers aerospace Advanced core optoelectronic devices, ultra-high-speed communication algorithms, laser communication terminals, and satellite-to-ground laser ground receiving systems.

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 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.

Urethane Tinglan

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

Yongan Online

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

Jingying Technology

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

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.

Pingxin Technology

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

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.
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
APISIX is dedicated to building an open source Cloud-Native Microservices API Gateway

Oriental Space

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

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.

Qingteng Cloud Security

Series C in 2021
Qingteng Cloud Security is a SaaS-based cloud security company focusing on endpoint adaptive security. It delivers server and cloud security based on Adaptive Security Architecture. The company's product has changed the existing cognition of security in various industries, brought out a brand new vision. They can help the government to create an information security guarantee system that conforms to domestic law and regulations. Qingteng Cloud Security asset inventory data platform provides an inventory of key assets of more than 10 types of mainframes, automatic identification of more than 800 types of business applications, and has the ability to customize operations for expansion. It also provides next-generation host security technology to guard the last mile of security. Qingteng Cloud Security was founded in 2014 and is headquartered in Beijing, China.

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.

API7.ai

Series A in 2021
APISIX is dedicated to building an open source Cloud-Native Microservices API Gateway

Surreal

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

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
APISIX is dedicated to building an open source Cloud-Native Microservices API Gateway

Bluewall Technology

Seed Round in 2021
Blue Wall Network is a cloud data collaboration and analysis tool provider for the construction industry.It uses micro-service project management components to complete the aggregation and transfer of data and information from the construction site to the project manager. Data modeling helps customers improve efficiency, reduce costs, and enable real-time data-driven decision making.

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
APISIX is dedicated to building an open source Cloud-Native Microservices API Gateway

Vastai Technologies

Series A in 2020
Vastai Technologies is focused on developing AI chips for the optimization of computer vision and video processing.
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.

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.

Qinglei Technology

Angel Round in 2020
Beijing Qinglei Technology Co., Ltd. engages into military and civil use radar equipments. It provides smart radar technology solutions for smart phones, smart cars, smart homes, vital signs monitoring, Internet of things, and wearable device. The company is based in Beijing, China.

Cloudpick Technology

Series A in 2020
Yuna Technology is a high-tech enterprise specializing in the development of computer vision and artificial intelligence applications. The company is committed to leading the technological breakthrough of the core knowledge of artificial intelligence, and building an overall application solution for artificial intelligence and big data analysis in multiple industries.
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.

Snowplus

Series C in 2020
SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-grade standards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.

Snowplus

Series C in 2020
SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-grade standards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.

Reworld

Series B in 2020
Reworld is a platform offering training and IT tools that allow users to design their own videogames.

UISEE

Series B in 2020
UISEE Technology (Beijing) Co., Ltd. develops autopilot system for automobiles. The firm was founded in 2016 and is headquartered in Beijing, China.

Data Grand

Series B in 2020
Data Grand is a semantic analysis solution developer.

61Draw.com

Series B in 2020
Art Class is a children's classroom teaching service provider. The teaching and research team draws on the cutting-edge education concept of the front and the back at home and abroad, and conducts field research in 32 first-tier cities, combined with the test results of hundreds of real-life experiences of the family, to develop a child-friendly nature. Course outline and teaching methods. For the families of children aged 5~12 years old, we provide one-on-one after-school tutoring services for the four major artists in the country. Currently, Lala is mainly using a third-party platform for online instruction, choosing a fixed class and a fixed teacher, because continuity and stability are very important for students to learn skills and aesthetics. However, based on the actual needs of art teaching, painting will also develop its own live teaching system.

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.

Enflame

Series B in 2020
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.

Yasten

Venture Round in 2020
Yasten provides high-quality fashion makeup products.

Nice Tuan

Series B in 2020
Nice Tuan is an e-commerce platform that specializes in providing daily groceries and a variety of household products. The company collaborates with local residential communities to source items from nearby warehouses and producers, ensuring a wide selection of fresh produce and essential goods for residents. By focusing on creating a convenient and efficient community e-commerce ecosystem, Nice Tuan aims to enhance the shopping experience for local consumers while supporting local suppliers.

Graviti

Seed Round in 2019
Graviti was founded in early 2019, focusing on the artificial intelligence data service platform business, and is committed to growing into a one-stop AI data service platform for unstructured data set storage, processing, and use. At present, the company has established the data set management and annotation system required by the artificial intelligence industry to provide platform services for the industry.

CreditX

Series B in 2019
CreditX is the advanced, independent provider of integrated financial risk management products.

Wanwu Dezhi

Series B in 2019
Wanwu Dezhi is a social e-platform mainly for antique sellers and customers.

Youshupai

Series A in 2019
Youshupai is a number of factions are modern textile SaaS applications, focusing on the B2B trading platform of the textile industry with SaaS tools, providing industry software and hardware solutions to help the textile industry improve transaction efficiency. Independent research and development technology architecture + design model, is committed to helping textile enterprises to better manage and operate, affiliated to Zhejiang Bufan Technology Co., Ltd.

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.

SOMO Tech

Seed Round in 2019
SOMO is a video conferencing collaboration service provider that provides users with integrated hardware devices for host and camera, desktop real-time shared computer and mobile applications, SOMO remote control APP, and encrypted cloud conference rooms.

Tongcheng Shenghuo

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.

Snowplus

Series B in 2019
SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-grade standards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.

Snowplus

Series B in 2019
SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-grade standards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.

Yungehuo

Series A in 2019
Yungehuo is a Logistics company.

61Draw.com

Series B in 2019
Art Class is a children's classroom teaching service provider. The teaching and research team draws on the cutting-edge education concept of the front and the back at home and abroad, and conducts field research in 32 first-tier cities, combined with the test results of hundreds of real-life experiences of the family, to develop a child-friendly nature. Course outline and teaching methods. For the families of children aged 5~12 years old, we provide one-on-one after-school tutoring services for the four major artists in the country. Currently, Lala is mainly using a third-party platform for online instruction, choosing a fixed class and a fixed teacher, because continuity and stability are very important for students to learn skills and aesthetics. However, based on the actual needs of art teaching, painting will also develop its own live teaching system.

Pulsar Technology

Series A in 2019
Pulsar is a basic software technology service provider, mainly engaged in technology development, technology promotion, technology transfer, technical consulting, and technical services.

O'Pay Electronic Payment

Series A in 2019
O'Pay Electronic Payment is a mobile payment mobile app.

Tongcheng Shenghuo

Series A 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.

Abc clinic butler

Angel Round in 2019
Abc Clinic Manager is a smart clinic butler service provider that provides a complete set of business process tools for clinics and community hospitals, including core medical records, general diagnostics, drug management, chain operations and other core services (HIS/CIS) to help clinics improve Business efficiency and operational efficiency. At the same time, ABC clinic butler also developed a medical AI service (CDSS) based on big data on the cloud, which helps the grassroots doctors to easily get the help of the expert brain, improve the quality of diagnosis and treatment, and reduce the risk of doctors and patients.

Furong Xingsheng

Series A in 2019
Furong Xingsheng, founded in 2009 and based in Changsha, China, operates convenience stores that serve the local community's daily needs. The company has evolved into a community shopping platform known as Xingsheng Youxuan, which was established in 2018. This platform utilizes a hybrid retail model that combines online ordering with offline pick-up, allowing consumers to access a variety of fresh products. The offerings include fresh vegetables, fruits, meat and poultry, seafood, staple foods, seasonings, and other household items. Through its network of convenience stores, Furong Xingsheng aims to provide convenient access to essential goods for consumers in the region.

Reworld

Series A in 2019
Reworld is a platform offering training and IT tools that allow users to design their own videogames.

InDeco China

Series B in 2019
InDeco is a one-stop Internet space solution provider that transforms the traditional decoration industry chain with Internet thinking and provides one-stop decoration services from space design, material matching, product selection to construction process control.

bosie

Seed Round in 2019
bosie is a genderless clothing fashion brand that explore apparel that suits both men and women. bosie is committed to delivering the idea of "no gender, no border" and offering fashionable products at an affordable price to everyone.

COHO

Series B in 2018
COHO Inc. develops human resource and workforce management software solutions and services. The company’s software applications include WTS Mobile for Android and IOS; iTime cloud Attendance for Android and IOS; and WebOne-Central, which is a cloud based platform. The company was founded in 2003 and is based in Shanghai, China.

Shanghai Lihuh Network Technology

Series B in 2018
Shanghai Lihuh Network Technology is a video platform operator.

Global Scanner

Series A in 2018
Global Scanner is provider of imported food products.

Cashcash

Series A in 2018
Cashcash operates a financial information platform in Indonesia. Its platform provides evaluation and product information on cash and installment loans. The company is based in Indonesia.

Yungehuo

Seed Round in 2018
Yungehuo is a Logistics company.

Zhangshangfucai

Series A in 2018
Zhangshangfucai is a Chinese online B2B platform.

LyncMed

Series B in 2018
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.

Waterdrop

Series B in 2018
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.

Beam

Seed Round in 2018
Beam Mobility Holdings Pte. Ltd. is a Singapore-based company that specializes in the rental of electronic scooters. Established in 2018, Beam operates through a mobile application that facilitates the rental process for users. The company promotes responsible parking by incentivizing customers to return e-scooters to designated parking spots, thereby reducing street congestion and enhancing urban mobility. Beam aims to provide a convenient and eco-friendly transportation alternative for urban dwellers.

Garden Lis

Angel Round in 2018
GardenLis is a fashion apparel company that focuses on R&D, design, production and sales. Since its establishment, the company has been focusing on the brand “gardenlis”, which produces and sells fashionable large-size women's clothing for people over 25 years old .

Kitchen core

Series B in 2018
Chu Xin was founded in 2016 to focus on the intelligence of the kitchen, and is dedicated to building a clean and hygienic kitchen brand for the restaurant chain.The intelligent dishwasher can complete the cleaning, disinfection and drying process in one minute.The core of the kitchen core smart dishwasher is "technology-driven + machine networking", by introducing artificial intelligence and data monitoring into the tableware cleaning scene Distinguish a single inefficient dishwashing process for manual dishwashing, and integrate "high-pressure stain removal, three-dimensional washing, intelligent temperature sterilization, and full-dimensional drying" into one link Complete the cleaning, sterilization and drying process in one minute, and the tableware is washed and used immediately, which greatly improves efficiency and ensures cleanliness and hygiene. At the same time, distinguishing traditional dishwashers, the kitchen core applies cutting-edge Internet of Things and big data technologies to continuously improve the standard and experience of smart cleaning services.