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Investors / China / ZhenFund

ZhenFund

Venture capital · Beijing, China · Asia Pacific

zhenfund.comTakes pitches from founders

ZhenFund is an early-stage venture capital firm that backs founders building startups. It has partnered with companies across technology and consumer sectors over the past decade.

Invests inAI & Machine Learning

In its own wordsearly-stagetechnologyconsumerairobotics

Your fit with ZhenFund

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25portfolio companies
5funding rounds on record
4rounds, last 12 months
$100M or moretypical round it comes in at
Seedmost frequent entry

ZhenFund lists 25 checked portfolio companies on its own site and is named in 5 funding rounds. Its most frequent entry is Seed, 60% of the companies with a known first round. Its largest themes are AI & Machine Learning (35%), Media & Entertainment (9%) and Robotics & Hardware (9%). 55% of its companies are based in China. It invests most often alongside SoftBank Vision Fund, Andreessen Horowitz and GSR Ventures.

Counts come from funding rounds that name ZhenFund, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not ZhenFund's whole history. Rounds on record name 5 companies; its own site lists 25. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed60%
Series A20%
Series B0%
Growth20%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1810
'1900
'2000
'2100
'2200
'2300
'2400
'2510
'2630

Investor profile

percentile among all firms
Portfolio size: 26 companiesRecent activity: 4 rounds in 12 monthsEarly stage: 60% of entries at pre-seed or seedEvidence: 4% of companies confirmed by a roundSector focus: 35% in its largest sectorReach: 4 countriesPortfolio size62th pctRecent activity82th pctEarly stage76th pctEvidence60th pctSector focus64th pctReach70th pct
This firmMedian of all firms
Show as a table
ZhenFund compared with all firms
MeasurePercentile of all firmsValue
Portfolio size62th26 companies
Recent activity82th4 rounds in 12 months
Early stage76th60% of entries at pre-seed or seed
Evidence60th4% of companies confirmed by a round
Sector focus64th35% in its largest sector
Reach70th4 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning35%18%
Media & Entertainment9%4%
Robotics & Hardware9%1%
Fintech9%12%
Healthcare & Biotech7%15%
Enterprise Software7%8%
Space & Defense5%3%
Cybersecurity5%4%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
SoftBank Vision Fund3
Andreessen Horowitz2
GSR Ventures2
HSG2
Lanchi Ventures2
Monolith Management2
SV Angel2
Sequoia Capital2

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers25100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Co-investor network

who it backs companies with, and who they back together
84 shared companies56 shared companies49 shared companies19 shared companies17 shared companies17 shared companies15 shared companies15 shared companies12 shared companies7 shared companies5 shared companies5 shared companies4 shared companies4 shared companies3 shared companies3 shared companies3 shared companies2 shared companies2 shared companies2 shared companies2 shared companiesSoftBank Vision Fund: 3 shared companiesSoftBank Vision Fund3Andreessen Horowitz: 2 shared companiesAndreessen Horowitz2GSR Ventures: 2 shared companiesGSR Ventures2HSG: 2 shared companiesHSG2Lanchi Ventures: 2 shared companiesLanchi Ventures2Monolith Management: 2 shared companiesMonolith Management2SV Angel: 2 shared companiesSV Angel2Sequoia Capital: 2 shared companiesSequoia Capital2Sky9 Capital: 2 shared companiesSky9 Capital2Source Code Capital: 2 shared companiesSource Code Capital2Vertex Ventures China: 2 shared companiesVertex Ventures China2A-Star Partners: 1 shared companiesA-Star Partners1
Shared portfolio companies with ZhenFundFirms that also back companies together

All co-investors or Compare portfolios with SoftBank Vision Fund

Compare ZhenFund head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Recent portfolio activity

when companies last raised with ZhenFund
DateCompanyStage
8 Oct 2026Manusmanus.imSeries C+
22 Jan 2026Inferact (vLLM)inferact.aiSeed
1 Dec 2025Pollo AIpollo.aiSeed
1 Sept 2018Earliearli.comSeed

Round details for ZhenFund

Amounts, full round histories and every co-investor in ZhenFund's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

25 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Aibeeaibee.cn · ChinaAibee provides digital and intelligent upgrades for various industries such as commercial real estate, retail, airports, and high-speed rail stations.
Real Estate & ConstructionAI & Machine Learning
Portfolio page
Apolloapollo.io · United StatesThe company provides an AI-powered go-to-market system for sales and marketing teams
AI & Machine LearningEnterprise Software
Portfolio page
Earliearli.com · United StatesEarli uses AI to build genetic switches that program only cancer cells to make their own therapies
Healthcare & Biotech
Sept 2018SeedFunding round
Flexivflexiv.cn · ChinaThe company develops and applies advanced humanoid robotic and artificial intelligence technologies to empower various industries.
Robotics & HardwareAI & Machine Learning
Portfolio page
Gensparkgenspark.ai · United StatesGenspark provides an all-in-one AI workspace with various tools for tasks such as writing, design, and business productivity.
AI & Machine LearningEnterprise Software
Portfolio page
Habbyhabby.com · SingaporeHabby develops and publishes mobile games
Gaming
Portfolio page
HeyGenheygen.comHeyGen creates AI videos with personalized avatars
AI & Machine LearningMedia & Entertainment
Portfolio page
Horizon Roboticshorizon.auto · ChinaHorizon Robotics develops and provides intelligent driving solutions and products, including chips and systems for autonomous vehicles.
AI & Machine LearningRobotics & Hardware
Portfolio page
Inferact (vLLM)inferact.ai · United StatesInferact provides a platform to run inference at the cost-performance frontier, allowing control over cost, latency, and throughput tradeoffs for models and workloads.
AI & Machine LearningSpace & Defense
Jan 2026SeedFunding round
Tiger Brokersitiger.com · United StatesTiger Brokers provides an online trading app and platform for global stocks, options, and futures trading.
FintechFintech
Portfolio page
Kimikimi.com
Portfolio page
Manusmanus.im · SingaporeManus provides an AI platform for creating various digital content, including slides, websites, and games.
AI & Machine LearningMedia & Entertainment
Oct 2026Series C+Page + round
MetaXmetax-tech.com · ChinaMetaX develops and produces GPU chips and computing platforms for various industries, including artificial intelligence, graphics rendering, and scientific computing.
AI & Machine LearningCybersecurity
Portfolio page
Moonshot AImoonshot.cn · ChinaMoonshot AI develops and provides AI services and products, including APIs and research tools.
AI & Machine LearningEnterprise Software
Portfolio page
Niuniu.com · ChinaNiu manufactures and sells electric vehicles, including kickscooters, e-bikes, and offroad vehicles.
Mobility & Logistics
Portfolio page
Nuronuro.ai · United StatesNuro develops and licenses self-driving technology for various vehicles and mobility platforms.
Robotics & HardwareAI & Machine Learning
Portfolio page
Opayopayweb.com · NigeriaOPay offers financial solutions including transactions, payments, and debit cards
FintechE-commerce & Marketplaces
Portfolio page
Opus Clipopus.proOpusClip provides an AI video editing and clipping tool to create and publish videos on social platforms.
Media & EntertainmentAI & Machine Learning
Portfolio page
Pollo AIpollo.ai · SingaporePollo AI provides a suite of AI tools to transform text and images into videos and edit photos.
AI & Machine LearningMedia & Entertainment
Dec 2025SeedFunding round
Simou Technologysmartmore.com · ChinaSmartMore Corporation provides comprehensive products and solutions for smart manufacturing and digital innovation
Industrial & ManufacturingConsumer
Portfolio page

About this data

site last read 8 Nov 2026
The homepage of ZhenFund, as last read
zhenfund.com as VCinfo last read it
Site
zhenfund.com
Last read
8 Nov 2026
Watching since
5 Nov 2026
Rounds since
1 Sept 2018
Companies checked
25

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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