ZhenFund

ZhenFund is a prominent China-based venture capital firm established in 2011, primarily focusing on seed and early-stage investments. The firm is recognized for its founder-friendly approach, emphasizing innovation, technology, and supporting young entrepreneurs from the 'zero-to-one' stage of their ventures. ZhenFund believes in backing visionary founders who possess keen insights into market needs and the ability to deliver exceptional products, providing them with rapid decision-making, favorable terms, and unwavering support rather than interference.

The firm was co-founded by Bob Xiaoping Xu, Victor Qiang Wang, and Anna Fang. Xu and Wang, both former teachers and co-founders of the education giant New Oriental, leveraged their entrepreneurial success and experience to establish ZhenFund with the mission of empowering the next generation of innovators. Anna Fang, a Stanford Business School alumna and former investment banker, plays a crucial role in the firm's investment, portfolio management, and overall operations, and has been recognized on Forbes' Midas List for her influence in early-stage investing.

ZhenFund boasts a diverse portfolio of over 800 companies, including more than 30 unicorns. Notable investments span various high-growth sectors and include companies like Xiaohongshu, Jumei Youpin, Hesai Technology, Momenta, AutoX, OPay, and Moonshot AI. The firm has a strong emphasis on frontier technologies, particularly Artificial Intelligence, with investments across AI large models, AI chips, autonomous driving, AI pharmaceuticals, and vertical AI applications. Other key investment areas include semiconductors, robotics, new energy, consumer brands, e-commerce, education technology, and financial technology.

The investment team at ZhenFund comprises experienced professionals, many of whom have firsthand entrepreneurial or operational backgrounds. Managing Partners like Dai Yuisen, who co-founded Jumei Youpin, and Liu Yuan, who previously worked in VC fund of funds, bring diverse perspectives. Partners such as Yin Le, with a background in frontier technology, and Managing Directors like Yao Fangzhou and Qin Tianyi, specializing in deep tech and cross-border opportunities, contribute to the firm's broad expertise. ZhenFund actively engages with the entrepreneurial ecosystem through initiatives like the ZhenSummer Entrepreneurship Scholarship, ZhenStation preparatory camps, ZhenCampus sharing events, and generative AI hackathons, aiming to discover and nurture talent at the earliest stages.