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ZhenFund
Venture Capital · Founded 2011 · Dongcheng District, China
ZhenFund is a Chinese venture capital firm focusing on early-stage investments across multiple sectors.
ZhenFund’s biggest current holdings.
An estimate of ZhenFund’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 6 companies where ZhenFund is a named shareholder, worth about $2.6B in estimated equity value.
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1
RedNote
6%
$31.0B
$1.9B
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2
Meicai
7%
$7.0B
$490M
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3
YITU Technology
4.3%
$2.4B
$103M
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4
SmartMore
5.5%
$1.6B
$88M
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5
Aibee
4.5%
$1.0B
$45M
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6
Intellifusion
3.5%
$1.0B
$35M
Estimated value = ZhenFund’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. ZhenFund also appears inside investor groups in Momenta.ai, Ofo, Shanghai Suiyuan Technology, Vipkid, Xingsheng Youxuan, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →
ZhenFund’s biggest exits.
Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from ZhenFund’s transaction record.
Where ZhenFund’s portfolio is concentrated.
Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 431 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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China317
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USA83
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Singapore8
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Hong Kong3
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Japan3
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Canada2
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Germany2
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Indonesia2
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Israel2
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Taiwan2
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Austria1
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British Virgin Islands1
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Health42
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Education39
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Enterprise Software35
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Media31
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Transportation29
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Fintech24
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Robotics23
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Security14
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Food13
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Marketing12
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Semiconductors12
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Energy10
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Seed255
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Series A134
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Series B+40
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Early Growth224
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Breakout Stage121
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Late Growth82
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Mature3
Inside ZhenFund’s portfolio.
The 60 highest-funded portfolio companies, of 431 tracked.
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ShWhere ZhenFund’s portfolio founders come from.
154 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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China97
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United States38
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Singapore6
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Hong Kong4
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Canada2
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Argentina1
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British Indian Ocean Territory1
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Cuba1
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Finland1
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United Kingdom1
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Tsinghua University14
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Fudan University7
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Stanford University7
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Peking University6
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University of California, Berkeley6
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Massachusetts Institute of Technology4
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Zhejiang University4
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Harvard Business School3
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University of Illinois Urbana Champaign3
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University of Science and Technology of China3
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Microsoft9
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Alphabet | Google7
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Baidu4
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SenseTime4
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Tencent4
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Amazon3
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Climate Pledge Fund3
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Massachusetts Institute of Technology3
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Motorola3
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Adobe Photoshop2
Similar investors.
Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.








Key people at ZhenFund.


