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 1 investments in the last 12 months. Their most common stage is series-a (42% of deals). Average disclosed round size is $70.5M (across 9 rounds with reported amounts).
Portfolio
9
Fund Size
—
Top Stage
Series A
Last 12 Mo
1
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
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
| RRezubio | Series A | $20M | Dec 2025 |
 Pyrotech | Series A | — | Jul 2023 |
 OnQuality | Series A | $20M | Mar 2021 |
 Neural Galaxy | Series A | $77M | Jan 2021 |
| PPatPat | Series C | $160M | Jan 2021 |
| Neural Galaxy | Seed | $6.1M | Jan 2019 |
 Kolmostar | Series A | $10M | Jan 2019 |
 Unity | Series C | $181M | Jul 2016 |
| Pyrotech | Seed | — | — |
| Kolmostar | Seed | $10M | — |
| 剂剂泰医药 | Unknown | $150M | — |
| 海海辰储能 | Unknown | — | — |
Top Co-Investors
Last updated: 9 September 2026