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 Beauty

Yatsen Holding

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

Yatsen Holding

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

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.

Yatsen Holding

Series B in 2018
Yasten provides high-quality fashion makeup products.

Yatsen Holding

Series B in 2017
Yasten provides high-quality fashion makeup products.

NEIWAI

Series B in 2017
NEIWAI is a mid-to-high-end underwear brand founded in Shanghai in 2012, dedicated to providing comfortable clothing that respects the feelings of women. The company emphasizes a design philosophy that harmonizes comfort, function, and beauty, resulting in a diverse range of products suitable for various daily activities, including home and sports. Over the past five years, NEIWAI has served more than 200,000 female customers, reflecting its commitment to meeting the needs of its clientele. By focusing on the comfort of close-fitting clothing, NEIWAI aims to enhance the everyday experiences of its customers through thoughtfully designed underwear.

Yatsen Holding

Convertible Note in 2017
Yasten provides high-quality fashion makeup products.

Yatsen Holding

Convertible Note in 2016
Yasten provides high-quality fashion makeup products.

NEIWAI

Series A in 2016
NEIWAI is a mid-to-high-end underwear brand founded in Shanghai in 2012, dedicated to providing comfortable clothing that respects the feelings of women. The company emphasizes a design philosophy that harmonizes comfort, function, and beauty, resulting in a diverse range of products suitable for various daily activities, including home and sports. Over the past five years, NEIWAI has served more than 200,000 female customers, reflecting its commitment to meeting the needs of its clientele. By focusing on the comfort of close-fitting clothing, NEIWAI aims to enhance the everyday experiences of its customers through thoughtfully designed underwear.

Accompany

Seed Round in 2015
Accompany manufactures smart mirrors for customers' beauty and health. The company's products are Amiro Lux and PureLux.

Easyflower

Series A in 2015
Beijing Easyflower Co., Ltd. is a private company based in China, founded in 2014. It operates the e-commerce platform EasyFlower Yihuakeji, specializing in the sale of flowers. The company focuses on providing a convenient online shopping experience for customers seeking floral arrangements and related products.

NEIWAI

Seed Round in 2015
NEIWAI is a mid-to-high-end underwear brand founded in Shanghai in 2012, dedicated to providing comfortable clothing that respects the feelings of women. The company emphasizes a design philosophy that harmonizes comfort, function, and beauty, resulting in a diverse range of products suitable for various daily activities, including home and sports. Over the past five years, NEIWAI has served more than 200,000 female customers, reflecting its commitment to meeting the needs of its clientele. By focusing on the comfort of close-fitting clothing, NEIWAI aims to enhance the everyday experiences of its customers through thoughtfully designed underwear.

Easyflower

Series A in 2015
Beijing Easyflower Co., Ltd. is a private company based in China, founded in 2014. It operates the e-commerce platform EasyFlower Yihuakeji, specializing in the sale of flowers. The company focuses on providing a convenient online shopping experience for customers seeking floral arrangements and related products.

Easyflower

Seed Round in 2014
Beijing Easyflower Co., Ltd. is a private company based in China, founded in 2014. It operates the e-commerce platform EasyFlower Yihuakeji, specializing in the sale of flowers. The company focuses on providing a convenient online shopping experience for customers seeking floral arrangements and related products.

Jumei

Angel Round in 2009
Jumei is a China-based online platform specializing in cosmetics and personal care products, catering primarily to women. As a pioneering business-to-consumer e-commerce site focused on the cosmetics sector, Jumei aims to capitalize on the growing demand for beauty products while minimizing competition with other retail markets. Since its inception, the platform has experienced significant growth, with monthly sales increasing from 100,000 Yuan to 500,000,000 Yuan within three years. Jumei offers a diverse range of products, featuring well-known brands such as Calvin Klein, Estee Lauder, Avon, and Elizabeth Arden. The company has attracted substantial venture capital from notable investors, including Alibaba and Sequoia Capital, and currently boasts nearly four million registered users. Founded by Chen Ou in Beijing, Jumei has established itself as a key player in the online beauty retail industry.
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