ZhenFund

ZhenFund is a venture capital firm established in 2011 by Bob Xu and Victor Wang, in collaboration with Sequoia Capital China. Based in Beijing, with additional offices in Shenzhen, Shanghai, and Silicon Valley, ZhenFund focuses on seed stage investments and has over $1 billion under management. The firm primarily targets sectors such as e-commerce, education, artificial intelligence, mobile internet, and healthcare. Its portfolio includes over 750 high-growth companies, highlighting its significant presence in China’s early-stage venture capital landscape. Notable investments include companies like OFO, VIPKID, and Hero Entertainment. ZhenFund aims to support and inspire the next generation of global entrepreneurs, leveraging the founders' extensive experience in the education sector and successful investment track records.

Anna Fang

Founding Partner and CEO

Wei Kuang

Principal

Yuan Liu

Partner

Tianyi Qin

Principal

Yuguang Sun

Investment Associate

Lulu Sun

VP

Victor Wang

Co-Founder

Debbie Wang

VP

Terry Wang

Venture Partner

Bob Xiaoping Xu

Founding Partner

Fangzhou Yao

Managing Director

Li Yi

Investment Associate

Emma Yin

Partner

Meng Yuan

Investment Associate

Yazhe Zhang

Board Member, Partner and Director

Zhaoyu Zheng

Partner

Past deals in ASIC

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.

RiVAI

Series A in 2021
Developer of an artificial intelligence chip based on RISC-V(an open standard instruction set architecture based on established reduced instruction set computer principles) technology for IoT(Internet of Things) applications. The company's products can be used in a variety of IoT/AIoT application scenarios such as wearable devices, smart homes, smart security, agriculture, and consumer electronics, enabling clients to have low-power, high-performance core processor chips

API7.ai

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

Moffett AI

Seed Round in 2021
Moffett is building the world’s next generation AI computation platform, from ground up. They pioneer in deep learning algorithms and build computation platform that the world has never seen - powerful, fast and extremely energy efficient.

API7.ai

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

API7.ai

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

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 specializes in the development of semiconductor chips tailored for computer vision, video processing, and various artificial intelligence applications. The company's innovative products are engineered to enhance the computing capabilities of AI visual applications, allowing manufacturers of computer devices to integrate advanced chip technology into their offerings. By focusing on optimizing performance in these specific areas, Vastai Technologies aims to support the growing demand for efficient and powerful AI solutions in the market.

Tagomi

Series A in 2020
Tagomi Trading, LLC is a cryptocurrency trading platform focused on providing institutional clients with enhanced trade execution capabilities. Established in 2018 and headquartered in Albany, New York, with additional offices in New Jersey, Chicago, San Francisco, and London, the company utilizes sophisticated routing techniques and execution algorithms. These tools analyze both real-time and historical data to optimize trading decisions, allowing clients to minimize costs and maximize their returns. By prioritizing better execution, Tagomi aims to support its clients in achieving more efficient trading outcomes in the cryptocurrency market.

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.

ADVANCE.AI

Series C in 2020
ADVANCE.AI is a financial technology company specializing in big data and intelligent analysis applications. Established in 2016 and headquartered in Singapore, with additional offices in Beijing and Jakarta, the company offers a range of products aimed at enhancing the financial services sector. Its key offerings include Advance Guardian, which provides anti-fraud detection for loan applications; Advance Booster, which delivers data and AI consultancy to various sectors; ADVANCE HORUS, a facial recognition engine for Know Your Customer (KYC) processes; and Advance Connect, a lead generation platform. By focusing on improving credit systems and offering data-driven solutions, ADVANCE.AI aims to create more accurate and equitable credit scoring alternatives, ultimately enhancing business efficiency and reducing manual verification costs for enterprises.

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.

ThunderCore

Series A in 2019
ThunderCore operates as a high-performance public blockchain that is compatible with the Ethereum Virtual Machine (EVM). It aims to enhance the scalability of decentralized applications by offering higher throughput, faster confirmation times, and lower transaction costs. The blockchain is built on innovative research conducted by Professors Shi and Pass from Cornell University, utilizing a unique consensus protocol that addresses the limitations of traditional Nakamoto consensus. This ensures fully decentralized trust while significantly boosting performance. Additionally, ThunderCore provides a crypto token designed to facilitate rapid and secure transactions, supported by a robust blockchain protocol that employs rigorous mathematical security analysis.

enflame

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.

ADVANCE.AI

Series B in 2018
ADVANCE.AI is a financial technology company specializing in big data and intelligent analysis applications. Established in 2016 and headquartered in Singapore, with additional offices in Beijing and Jakarta, the company offers a range of products aimed at enhancing the financial services sector. Its key offerings include Advance Guardian, which provides anti-fraud detection for loan applications; Advance Booster, which delivers data and AI consultancy to various sectors; ADVANCE HORUS, a facial recognition engine for Know Your Customer (KYC) processes; and Advance Connect, a lead generation platform. By focusing on improving credit systems and offering data-driven solutions, ADVANCE.AI aims to create more accurate and equitable credit scoring alternatives, ultimately enhancing business efficiency and reducing manual verification costs for enterprises.

Lambda

Series A in 2018
Lambda operates a decentralized storage network designed to offer data storage, integrity checks, and security verification, while also serving as a marketplace for storage-related services. The company has developed a scalable blockchain infrastructure that supports decentralized applications (DApps) and provides capabilities such as multi-chain data co-storage, cross-chain data management, and data privacy protection. Additionally, Lambda ensures provable data possession and facilitates distributed intelligent computing through the independent implementation of its Lambda Chain and Lambda DB. With a focus on safety, scalability, and efficiency, Lambda aims to streamline data management and enhance security for its users.

Lambda

Seed Round in 2018
Lambda is an AI infrastructure company that specializes in providing powerful computing resources to enhance artificial intelligence development. It offers a cloud computing platform designed for large-scale AI training and inference, featuring servers and workstations that are pre-configured with popular machine learning frameworks. This setup allows businesses to efficiently train complex models for various applications, including natural language processing and drug discovery. Additionally, Lambda's servers support the integration of face detection and recognition capabilities into web applications, ensuring that deep learning developers have access to the necessary computing, storage, and memory resources to optimize their projects.

Archblock

Initial Coin Offering in 2018
Archblock, formerly known as TrustToken, Inc., operates a platform for creating asset-backed tokens that facilitate global buying and selling. Founded in 2017 and headquartered in San Francisco, the company aims to provide a seamless way to tokenize various assets, enabling the conversion of physical assets like gold into digital tokens. Its flagship product, TrueUSD, is a stablecoin that can be redeemed on a 1-for-1 basis for US dollars. Archblock employs a team with diverse backgrounds from prestigious institutions and companies, including Stanford, UC Berkeley, and major financial and tech firms. The platform is designed to align incentives among participants while ensuring compliance with fiduciary standards and creating a transparent audit trail of asset management.

Basis

Initial Coin Offering in 2018
Basis is a company based in Hoboken, New Jersey, that develops an algorithmic cryptocurrency protocol aimed at stabilizing purchasing power. Founded in 2017, Basis operates a decentralized platform that algorithmically adjusts the supply of its cryptocurrency, similar to how central banks manage fiscal policy by buying and selling debt. This system allows for automatic supply adjustments without direct human intervention, effectively functioning as an algorithmic central bank. The primary goal of Basis is to maintain price stability in the cryptocurrency market, enabling users to better understand and utilize the currency.

enflame

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.

ThunderCore

Seed Round in 2018
ThunderCore operates as a high-performance public blockchain that is compatible with the Ethereum Virtual Machine (EVM). It aims to enhance the scalability of decentralized applications by offering higher throughput, faster confirmation times, and lower transaction costs. The blockchain is built on innovative research conducted by Professors Shi and Pass from Cornell University, utilizing a unique consensus protocol that addresses the limitations of traditional Nakamoto consensus. This ensures fully decentralized trust while significantly boosting performance. Additionally, ThunderCore provides a crypto token designed to facilitate rapid and secure transactions, supported by a robust blockchain protocol that employs rigorous mathematical security analysis.

Lino

Seed Round in 2018
Lino Corp operates a video-streaming platform that utilizes blockchain technology to facilitate a decentralized and efficient content delivery network. By employing an auction-based approach, the platform enables peer-to-peer video storage and playback, ensuring that content creators are directly rewarded through the use of LINO tokens. This model fosters a decentralized autonomous content economy, where the value of content is recognized more effectively, incentivizing contributors and promoting sustainable economic growth for individual creators. Founded in 2017, Lino Corp is headquartered in Cupertino, California.

Aibee

Angel Round in 2018
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.

Aibee

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.

Lambda

Seed Round in 2017
Lambda operates a decentralized storage network designed to offer data storage, integrity checks, and security verification, while also serving as a marketplace for storage-related services. The company has developed a scalable blockchain infrastructure that supports decentralized applications (DApps) and provides capabilities such as multi-chain data co-storage, cross-chain data management, and data privacy protection. Additionally, Lambda ensures provable data possession and facilitates distributed intelligent computing through the independent implementation of its Lambda Chain and Lambda DB. With a focus on safety, scalability, and efficiency, Lambda aims to streamline data management and enhance security for its users.

XtalPi

Series A in 2016
XtalPi Inc. is a pharmaceutical technology company founded in 2014 and headquartered in Cambridge, Massachusetts, with additional offices in China. The company specializes in leveraging artificial intelligence and advanced computing to accelerate drug development. Its offerings include XtalForc, a visual force field calculation software; XtalVision, a tool for crystal structure prediction; and Renova, which supports AI-driven research and development. XtalPi provides a range of services such as crystal structure prediction and determination, solid state testing and analysis, crystallization process development, and small molecule drug design. By collaborating with pharmaceutical companies, XtalPi uses its predictive algorithms to facilitate the development of new drugs and the creation of patents, enhancing the efficiency of the drug discovery process.

XtalPi

Series A in 2016
XtalPi Inc. is a pharmaceutical technology company founded in 2014 and headquartered in Cambridge, Massachusetts, with additional offices in China. The company specializes in leveraging artificial intelligence and advanced computing to accelerate drug development. Its offerings include XtalForc, a visual force field calculation software; XtalVision, a tool for crystal structure prediction; and Renova, which supports AI-driven research and development. XtalPi provides a range of services such as crystal structure prediction and determination, solid state testing and analysis, crystallization process development, and small molecule drug design. By collaborating with pharmaceutical companies, XtalPi uses its predictive algorithms to facilitate the development of new drugs and the creation of patents, enhancing the efficiency of the drug discovery process.

XtalPi

Series A in 2015
XtalPi Inc. is a pharmaceutical technology company founded in 2014 and headquartered in Cambridge, Massachusetts, with additional offices in China. The company specializes in leveraging artificial intelligence and advanced computing to accelerate drug development. Its offerings include XtalForc, a visual force field calculation software; XtalVision, a tool for crystal structure prediction; and Renova, which supports AI-driven research and development. XtalPi provides a range of services such as crystal structure prediction and determination, solid state testing and analysis, crystallization process development, and small molecule drug design. By collaborating with pharmaceutical companies, XtalPi uses its predictive algorithms to facilitate the development of new drugs and the creation of patents, enhancing the efficiency of the drug discovery process.

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.

Maicoin

Seed Round in 2014
MaiCoin is a cryptocurrency platform that offers trading and payment services, primarily focusing on the Asian market. The company aims to simplify the acquisition, holding, and spending of digital currencies, starting with Bitcoin. By providing an online exchange and an investment platform, MaiCoin addresses the needs of underserved markets in the region. Additionally, it offers a merchant services platform that is tailored to local preferences, facilitating the use of digital currencies for real-world transactions.

Maicoin

Seed Round in 2014
MaiCoin is a cryptocurrency platform that offers trading and payment services, primarily focusing on the Asian market. The company aims to simplify the acquisition, holding, and spending of digital currencies, starting with Bitcoin. By providing an online exchange and an investment platform, MaiCoin addresses the needs of underserved markets in the region. Additionally, it offers a merchant services platform that is tailored to local preferences, facilitating the use of digital currencies for real-world transactions.
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