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The Venture Codex

ZhenFund

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

Overview

Seed fund investing in innovative startups and providing mentorship.

Founded

2011

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
China
Singapore
United States

Sector focus

Financial Services
Venture Capital

Investment portfolio

71rounds
NAMEDATESIZE
Manus
Oct 2026Participated
$500 MOther Equity
NeuShen Therapeutics
Sep 2026Participated
$80 MSeries B
Inferact
Jan 2026Participated
$150 MSeed
Pollo AI
Dec 2025Participated
$14 MSeed
ChatCut
Oct 2025Led
$1 MSeed
UXLINK
Mar 2024Participated
$9 MOther Equity
Altos Radar
Aug 2023Participated
$4 MSeed
Aspecta
Mar 2023Participated
$4 MSeed
Meliora Therapeutics
Sep 2022Led
$11 MSeed
Persephone Biosciences
Jul 2022Participated
$15 MSeed
Aspecta
Apr 2022Led
$2 MOther Equity
DexForce
Mar 2022Participated
$10 MSeed
Manus
Oct 2026Participated
$500 MOther Equity
NeuShen Therapeutics
Sep 2026Participated
$80 MSeries B
Inferact
Jan 2026Participated
$150 MSeed
Pollo AI
Dec 2025Participated
$14 MSeed
ChatCut
Oct 2025Led
$1 MSeed
UXLINK
Mar 2024Participated
$9 MOther Equity
Altos Radar
Aug 2023Participated
$4 MSeed
Aspecta
Mar 2023Participated
$4 MSeed
Meliora Therapeutics
Sep 2022Led
$11 MSeed
Persephone Biosciences
Jul 2022Participated
$15 MSeed
Aspecta
Apr 2022Led
$2 MOther Equity
DexForce
Mar 2022Participated
$10 MSeed
71
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

ZhenFund: 71 funding rounds are recorded in the selected participation categories.All available history.
ZhenFund: 71 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed520
Series A213
Series B19
Series C+03
Other Equity414

Monthly Deal Activity

ZhenFund: 71 deals are recorded across 181 months.All available history.
ZhenFund: 71 deals are recorded across 181 months. All available history
MonthDeals
Oct '111
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '121
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '131
Jul '130
Aug '131
Sep '130
Oct '130
Nov '130
Dec '131
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '141
Sep '140
Oct '141
Nov '140
Dec '141
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '151
Sep '151
Oct '150
Nov '150
Dec '150
Jan '161
Feb '160
Mar '160
Apr '161
May '161
Jun '161
Jul '160
Aug '161
Sep '160
Oct '161
Nov '160
Dec '161
Jan '172
Feb '170
Mar '171
Apr '170
May '170
Jun '170
Jul '173
Aug '174
Sep '170
Oct '172
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '181
May '180
Jun '184
Jul '182
Aug '180
Sep '180
Oct '182
Nov '181
Dec '181
Jan '190
Feb '193
Mar '191
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '212
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '212
Dec '210
Jan '222
Feb '220
Mar '221
Apr '221
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '231
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '251
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '261

Sector Breakdown

ZhenFund: AI & Machine Learning is the largest displayed sector by deal count (20 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

ZhenFund: AI & Machine Learning is the largest displayed sector by deal count (20 deals). All available history
SectorDeals
AI & Machine Learning20
Networks, Cloud & Communication18
Health & Life Sciences11
Fintech10
Enterprise Software9
Hardware & Robotics9
Data, Analytics & IT8
Marketing & Advertising8
Transportation & Logistics7
Media & Entertainment7
Education & Workforce6
Space & Frontier Tech6
Crypto & Blockchain6
Clean Energy & Sustainability5
Professional Services5
Gaming & eSports5
Social & Community Platforms4
Travel & Hospitality3
Cybersecurity & Privacy3
Manufacturing3
Food & Agriculture3
AR/VR2
Real Estate & Construction2
Consumer & Lifestyle2
Developer Tools2
E-Commerce & Retail1

Deal Size Distribution

ZhenFund: 71 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

ZhenFund: 71 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M25
$5M-$10M10
$10M-$25M20
$25M-$50M4
$50M-$100M7
$100M-$250M4
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

ZhenFund: United States has the largest recorded deal count among the displayed regions (41 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

ZhenFund: United States has the largest recorded deal count among the displayed regions (41 deals). All available history
RegionDeals
United States41
China17
Singapore5
Canada4
Europe2
Hong Kong1
Israel1
ZhenFund: 20 co-investors are shown, with Sequoia Capital sharing 6 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

ZhenFund: 20 co-investors are shown, with Sequoia Capital sharing 6 recorded deals. All available history
Co-investorShared deals
Sequoia Capital6
Collaborative Fund5
IDG Capital5
GGV Capital4
Lightspeed Venture Partners4
New Enterprise Associates4
Y Combinator4
8VC3
Andreessen Horowitz3
Borealis Ventures3
General Catalyst3
Google Ventures3
Ground Up Ventures3
GSR Ventures3
Hongshan Capital Group (Sequoia Capital China)3
Village Global3
Comcast Ventures2
CRCM Ventures2
Crosscut Ventures2
FBG Capital2

Investment Strategy

ZhenFund: Led accounts for 17% and participating for 83% of round participation.All available history.
ZhenFund: Led accounts for 17% and participating for 83% of round participation. All available history
CategoryDeals (count)Share (%)
Led1217%
Participating5983%
ZhenFund: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
ZhenFund: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead650%
Co-led650%

Team

Anna Fang

Partner & CEO

Bob Xiaoping Xu

Founding Partner

Debbie Wang

VP

Fangzhou Yao

Managing Director

Jack Zheng

Managing Partner

Jack Zhong

Principal

Tina Kuang

Principal

Victor Wang

Co-Founder

Yishan Cheng

IR Principal

Yusen Dai 🚀