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    Zhenfund

    Beijing, ChinaFounded 2011
    www.zhenfund.comLinkedIn
    AIBiotech & Life SciencesClimate & EnergyMobility & TransportationDeveloper ToolsRobotics & Automation

    Zhenfund is an early-stage venture capital firm primarily focused on pre-seed and seed investments in China, backing promising founders across diverse sectors. Their strategy emphasizes being the first institutional investor in high-potential startups.

    They made 2 investments in the last 12 months. Their most common stage is seed (48% of deals). Average disclosed round size is $56.0M (across 22 rounds with reported amounts).

    Find people at Zhenfund on Goldilocks AI

    Portfolio

    25

    Fund Size

    $2.6B

    Top Stage

    Seed

    Last 12 Mo

    2

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    25 investments
    CompanyRoundAmountDate
    Inferact logoInferactSeries D$150MJan 2026
    RRheoFitSeed—Nov 2025
    MioTech logoMioTechUnknown—Jan 2024
    Altos Radar logoAltos RadarSeed$3.5MAug 2023
    XtalPi Inc. logoXtalPi Inc.Series D$380MOct 2021
    SSmartMoreSeries D$200MJun 2021
    Surreal logoSurrealSeed—Mar 2021
    Kargo logoKargoSeed$7.6MMar 2019
    Dandelion Energy logoDandelion EnergySeries A$16MFeb 2019
    Validere logoValidereSeed$7MOct 2018
    Beam logoBeamSeed$6.4MOct 2018
    Oh My Green logoOh My GreenSeed$20MOct 2018
    Basis logoBasisGrowth$133MApr 2018
    LLinoSeed$20MFeb 2018
    Vidcode logoVidcodeSeed$1.5MJul 2017
    Vincross logoVincrossSeries A$6MOct 2016
    HHyperloop OneSeries B$80MMay 2016
    ZZero Zero RoboticsSeries A$25MApr 2016
    EEHANGSeries B$42MAug 2015
    EEHANGSeries A$10MDec 2014
    MMiyabaobeiSeries C$60MDec 2014
    VVeminsyn BiotechUnknown$52M—
    Dandelion Energy logoDandelion EnergySeed$4.5M—
    Thunkable logoThunkableSeed$3.3M—
    HPC-AI Tech logoHPC-AI TechSeed$4.7M—

    Top Co-Investors

    GV (Google Ventures)3 shared
    Lightspeed Venture Partners3 shared
    GGV Capital3 shared
    NEA (New Enterprise Associates)3 shared
    Andreessen Horowitz2 shared
    IDG Capital2 shared
    Sequoia China2 shared
    Sequoia Capital2 shared
    Ground Up Ventures2 shared
    Collaborative Fund2 shared
    Y Combinator2 shared
    Bain Capital Ventures1 shared
    Foundation Capital1 shared
    NFX1 shared
    Valor Equity Partners1 shared
    Ceyuan1 shared
    Digital Currency Group1 shared
    GSR Ventures1 shared
    ReThink Education1 shared
    CoVenture1 shared

    Last updated: 15 April 2026