ZhenFund

ZhenFund (Chinese: 真格基金) is a Beijing-based venture capital firm founded in 2011 by New Oriental co-founders Bob Xu and Victor Wang. It is considered one of the largest Angel investors in China.[2]

ZhenFund
Native name
真格基金
TypePrivate
IndustryVenture Capital
Founded2011
FoundersBob Xiaoping Xu[1]
Victor Qiang Wang
HeadquartersBeijing, China
Key people
Anna Fang (CEO)
ProductsInvestments
Websitewww.zhenfund.com

Background

In 2011, Bob Xu and Victor Wang established ZhenFund in collaboration with Sequoia Capital China.[1] Bob and Victor previously co-founded New Oriental, one of the largest education conglomerates in China.

The firm invests in early stage ventures, seed stages, series A, series B, and series C rounds.

It invests in various industry fields such as the internet, technology, artificial intelligence, corporate services, healthcare and education.

ZhenFund is headquartered in Beijing with additional offices in Shanghai, Shenzhen and Palo Alto.[3]

Funds
Fund Vintage Year Committed Capital ($m)
Zhen Partners Fund I LP 2012 USD 16
Zhen Partners Fund II LP 2014 USD 35
Zhen Partners Fund III LP 2015 USD 100
Zhen Partners Fund IV LP 2016 USD 150
Zhen Partners Fund V LP 2018 USD 194

Notable investments

References
  1. "Bob Xu - Angel Investor and Founder of ZhenFund". Investor's Globe.
  2. Barreto, Elzio (2016-06-02). "China's biggest angel fund bets on boom led by young consumers". Reuters. Retrieved 2021-03-23.
  3. "Contact Us". en.zhenfund.com. Retrieved 2021-03-23.{{cite web}}: CS1 maint: url-status (link)
  4. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2021-03-23.
  5. "EHang, maker of autonomous flying shuttles, files for $100 million IPO". TechCrunch. Retrieved 2021-03-23.
  6. "Ucommune Achieves NASDAQ Backdoor Listing at 75% Off". Mingtiandi. 2020-07-09. Retrieved 2021-03-23.
  7. "Blueseed Receives Seed Funding from Xu Xiaoping and Wang Qiang of ZhenFund · TechNode". TechNode. 2012-12-14. Retrieved 2021-03-23.
  8. "Niu Technologies to Present at 21st Annual Needham Growth Conference". finance.yahoo.com. Retrieved 2021-03-23.
  9. "Alibaba led $300 million Series D in Xiaohongshu, China's trendy lifestyle shopping app". Pandaily. 2018-06-01. Retrieved 2021-03-23.
  10. "线上教育"我赢职场"获200万天使投资_淘名资讯". news.taoming.com. Retrieved 2021-03-23.
  11. Fannin, Rebecca. "Crash Of China Bike-Sharing Startup Ofo Costs Leading VCs Big-Time". Forbes. Retrieved 2021-03-23.
  12. "VIPKID Raises $200 Million in Series D Financing, With Sequoia Capital as Lead Investor and Tencent as Strategic Investor". www.businesswire.com. 2017-08-23. Retrieved 2021-03-23.
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