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FreeS Fund (峰瑞资本) is a full-chain venture capital firm founded in 2015 by former IDG Capital partner Li Feng. Headquartered in China, it invests in early-stage and early growth-stage startups across consumer/TMT, deep technology, and biomedical sectors, managing both RMB and USD fund vehicles.
They made 2 investments in the last 12 months. Average disclosed round size is $49.8M (across 17 rounds with reported amounts).
Portfolio
17
Fund Size
—
Top Stage
Series A
Last 12 Mo
2
Team
Li Feng
Founding Partner
Shen Jiong
Managing Partner
Chen Shi
Venture Partner
Gu Kun
Partner
Ma Rui
Partner
Wang Lei
Partner
Yang Yongcheng
Partner
Li Gang
Principal
Liu Pengqi
Principal
Shen Ying
Principal
Xie Da
VP
Yan Qianhang
VP
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
26 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Vibronix | Series B | $14.9M | Sep 2026 |
| RRezubio | Series A | $20M | Dec 2025 |
| Vibronix | Series A | — | Jun 2024 |
 Pyrotech | Series A | — | Jul 2023 |
| PPyrotech Therapeutics | Series A | — | Jul 2023 |
 OnQuality | Series A | $20M | Mar 2021 |
 Neural Galaxy | Series A | $77M | Jan 2021 |
 Patpat | Series C | $160M | Jan 2021 |
 Covariant.ai | Seed | $7M | Jan 2020 |
 Neural Galaxy | Seed | $6.1M | Sep 2019 |
| Neural Galaxy | Seed | $6.1M | Jan 2019 |
 Kolmostar | Series A | $10M | Jan 2019 |
| Neural Galaxy | Seed | $6.1M | Jan 2019 |
| Patpat | Series C | $47.6M | Jan 2018 |
 PingCap | Unknown | $15M | Jun 2017 |
| PingCap | Series B | $15M | Jan 2017 |
 Unity | Series C | $181M | Jul 2016 |
| Pyrotech | Seed | — | — |
| Kolmostar | Seed | $10M | — |
| 剂剂泰医药 | Unknown | $150M | — |
| 海海辰储能 | Unknown | — | — |
| XXINYI Information Technology | Series B | — | — |
| PPyrotech Therapeutics | Seed | — | — |
| Neural Galaxy | Series A | — | — |
| CClub Factory | Series C | $100M | — |
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Top Co-Investors
Luminous Ventures5 shared
Sequoia Capital4 shared
Lightspeed Venture Partners4 shared
BioTrack Capital4 shared
IDG Capital4 shared
3E Bioventures Capital3 shared
Foothill Ventures3 shared
LAV3 shared
China Growth Capital3 shared
MPC2 shared
Momenta2 shared
HongShan2 shared
Coatue Management LLC2 shared
DFJ Growth1 shared
Thrive Capital1 shared
Lam Capital1 shared
Elevate Ventures1 shared
Sinovation Ventures1 shared
DST Global1 shared
GGV Capital1 shared
Last updated: 20 October 2026