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ZhenFund

No 1 Jian Guo Men Wai Ave, Beijing, 100004, China

Overview

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. We believe that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

Total investments
69
Lead investments
12
Investments · 12mo
3
Active investors
10

Sector focus

  • Financial Services
  • Venture Capital
Visit website

Investment portfolio

  • Inferact

    Participated · Seed · Jan 2026

    Inferact was created by the developers of vLLM, an open-source software project originating at the University of California, Berkeley and now overseen by the PyTorch Foundation. The company focuses on optimizing the inference phase of AI models, working to cut operational costs and boost model stability. By improving inference efficiency, Inferact aims to enable broader deployment of large-language models in production environments. The startup’s technology leverages lessons learned from maintaining vLLM, positioning it to provide scalable, high-performance serving solutions. Although specific revenue, user counts, or commercial customers were not disclosed, the sizable seed financing suggests strong investor confidence in its market potential. The fresh capital is expected to support product development, infrastructure expansion, and the hiring of additional engineering talent.

  • Pollo AI

    Participated · Seed · Dec 2025

    Pollo AI is an all-in-one creative suite that stitches together top generative models—including Kling AI, Runway, Google Veo, and Stable Diffusion—to power text-to-video, image-to-video, style transfer, character consistency, AI animation, and other advanced visual workflows. The cloud service outputs up to 8K resolution and supports minute-long video generation, positioning itself as a turnkey solution for content creators and marketers. Beyond generation, the company is building a full end-to-end workflow that spans content creation through advanced editing. Pollo AI reports 6 million monthly active users and has already reached profitability. Fresh capital will fund additional model integrations, accelerate product upgrades, and fuel international expansion. The company was founded by entrepreneur Zhu Chenbiao and operates out of Singapore.

  • ChatCut

    Led · Seed · Oct 2025

    ChatCut offers an AI-powered video-editing solution that allows creators, producers, and marketing teams to manipulate footage using conversational commands. The software can remove repeated takes, create highlights, and generate social-media-ready cuts from interviews and talking-head videos without manual timeline editing. Founded by Kaiwen Li and Alima Strickland, the company leverages large-language-model technology to convert unscripted spoken content into coherent narratives. Fresh capital will be directed toward scaling infrastructure, enriching product capabilities, and hiring additional AI and full-stack engineers. Headquartered in Austin, Texas, ChatCut positions itself within the fast-growing AI video-editing and conversational AI markets. To date, the company has raised $1.35 million, providing initial resources to accelerate product development and market penetration.

  • UXLINK

    Participated · Equity · Mar 2024

    UXLINK operates a Web3 social platform and infrastructure built around "acquaintance social relationships" and group-based interactions to help users discover, distribute, and trade crypto assets. The company reports more than 5.5 million registered users, over 1 million daily users, and more than 100,000 groups; the article also cites 1M on-chain/off-chain daily active users and 200K on-chain daily active users. UXLINK says its DApp and agreement revenues are steadily increasing and that cash flow is good. The new financing is intended primarily for development of ecological and post-TGE products to better support issuance, distribution, and trading of socialized assets. The company describes itself as the largest Web3 social platform and infrastructure for users and developers to engage in socialized, group-based crypto asset activities. UXLINK highlights rapid user activity growth driven by private-domain socialization, acquaintance pulling, and Telegram group chat propagation. UXLINK operates a two-layer social ecosystem: an application layer featuring a Social DEX module and a UX Growth (Link to Earn) module, and an infrastructure layer built on integrated data and RWS social protocols. The company says it plans to launch a Social Liquidity Chain using OP Stack L2 and EigenDA technologies to better support developers and third‑party dapps. Since its product launch in April 2023, UXLINK reports gaining more than 3.5 million verified users in 10 months, with over 75,000 decentralized groups and coverage of more than 6 million users. Its user base is concentrated in Southeast Asia, the Middle East, Europe, South Asia, and Africa. UXLINK has closed a new funding round, bringing total investment to over $9 million, and its backers include crypto exchanges, venture investors and publicly listed strategic investors. According to the company/community, UXLINK may pursue another round of funding prior to its TGE.

  • Altos Radar

    Participated · Seed · Aug 2023

    Altos Radar builds 4D millimeter-wave radar sensors that generate high-resolution, point-cloud style data for automotive perception. The company claims a 350-meter sensing range, 0.2 m/s instantaneous speed resolution, and the ability to distinguish objects 0.31 meter apart. Altos emphasizes ASIC-based compute optimization, asserting roughly 80x performance over an ASIC reference radar design to lower cost and power versus FPGA approaches. Its founders say the sensors are "ready to ship" and the startup is in early discussions with dozens of customers including AV divisions of OEMs, self-driving companies, universities, and port facilities in the U.S. and China. The founding team includes Li Niu (formerly worked on autonomous system hardware at Apple and led radar/camera at Pony.ai) and Michael Wu (former Pony.ai and Mozilla mobile platform engineer), positioning the company at the intersection of hardware and software R&D. Financially, Altos recently closed a $3.5M first round from ZhenFund, Monad Ventures, and investor Yifan Li.

Team

  • Anna Fang

    Partner & CEO

    LinkedIn
  • Bob Xiaoping Xu

    Founding Partner

    LinkedIn
  • Victor Wang

    Co-Founder

  • Debbie Wang

    VP