ZhenFund

ZhenFund, established in 2011 by Bob Xu and Victor Wang in partnership with New Oriental Education, stands as one of China's most influential and active early-stage venture capital firms. Headquartered in Beijing, the firm has carved a niche for itself by identifying and nurturing promising startups at their nascent stages, primarily focusing on seed and angel investments. Their investment philosophy centers on empowering founders with capital and strategic guidance from the very beginning of their entrepreneurial journey, aiming to be the first institutional investor in groundbreaking companies.

The firm's expansive investment portfolio spans a diverse array of high-growth sectors, including future technology, artificial intelligence, enterprise services, healthcare, new consumption models, and mobile internet. ZhenFund is particularly renowned for its foresight in identifying emerging trends and disruptive technologies. Over the years, the firm has built a reputation for backing companies that go on to achieve significant market valuations and become leaders in their respective industries, often serving as a crucial bridge to later-stage funding rounds.

ZhenFund's typical first cheque size for its seed investments generally ranges from $500,000 to $2,000,000. This strategic deployment of capital allows them to take meaningful positions in early-stage companies while providing sufficient runway for initial development. As of 2021, ZhenFund had invested in over 700 companies, demonstrating their prolific activity in the Chinese startup ecosystem. Their success is further underscored by having backed more than 30 unicorn companies, solidifying their position as a key player in shaping China's innovation landscape and fostering its next generation of industry leaders.