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 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.

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

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 is focused on developing AI chips for the optimization of computer vision and video processing.

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 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.​

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.

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.

VIPCODE

Series A in 2018
VIPCODE covers children's building blocks programming, Python programming, drone and robot programming, informatics Orsay programming, APP construction fun programming, artificial intelligence basic development and other courses. It is suitable for children 6-16 years old children in elementary, junior high and high schools. Full section learning (K12).

Basis

Initial Coin Offering in 2018
Basis is a company based in Hoboken, New Jersey, that develops an algorithmic cryptocurrency protocol. Founded in 2017, Basis aims to stabilize the purchasing power of its cryptocurrency by managing its supply in a manner similar to how central banks operate with fiscal debt. The protocol is designed to expand and contract the supply of the cryptocurrency, thereby maintaining its value and ensuring stability in the market.

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 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.​

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.

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.

AHA ENTERTAINMENT

Seed Round in 2015
AHA Entertainment (Shanghai) Co., Ltd. operates as an entertainment company that creates IPs and runs various entertainment products. The company was founded in 2014 and is based in Beijing, China.

Maicoin

Seed Round in 2014
MaiCoin is a Bitcoin platform providing trading and payment services. The company is addressing untapped markets in Asia for digital currency services. Starting with bitcoin, we simplify the process of acquiring, holding, and spending digital currencies on real-world goods and services.

Maicoin

Seed Round in 2014
MaiCoin is a Bitcoin platform providing trading and payment services. The company is addressing untapped markets in Asia for digital currency services. Starting with bitcoin, we simplify the process of acquiring, holding, and spending digital currencies on real-world goods and services.