ZhenFund

Investor type

VC

Founded

2011

AUM

$1 000 M

Location

Beijing, Beijing, China

Investment Ticket

$5-10 m

Investment Stage

Seed

Region of investment

Asia
Investor profile last updated: 25 August, 2026

Profile

ZhenFund (Chinese: 真格基金) is a seed stage focused venture fund with over $1 billion under management since founded in 2011 by Bob Xu and Victor Wang, in collaboration with Sequoia Capital China. Bob and Victor previously co-founded New Oriental (NYSE: EDU), one of the world's largest education conglomerates. Three of Bob's seed investments have IPOed in NYC: Shiji Jiayuan (Nasdaq: DATE) (世纪佳缘, website), LightInTheBox (Nasdaq: LITB) (website), and Jumei (NYSE: JMEI) (聚美, website). Bob was named to the Midas List four years in a row (2016-2019) and was last ranked at #11.



ZhenFund currently dominates China’s early stage venture capital scene, and is rapidly expanding its U.S. practice based in Palo Alto, CA. Its portfolio has over 750 high-growth companies, including 17zuoye, OFO, VIPKID, RED, Hero Entertainment, and Urwork. ZhenFund’s mission is to support, educate, and inspire the next generation of global entrepreneurs.

Industry

Education Edtech E-commerce/Marketplace Gaming Healthcare Services Internet and Web Services Mobile/Apps Other

Contacts

Name
Title
Email
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Arthur Zhang Managing Director
Managing Director
a•••@•••
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Anna Fang CEO
CEO
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Investment-team contacts for ZhenFund — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about ZhenFund

ZhenFund is a venture capital firm. It backs companies at Seed, writing tickets of $5-10 m.
ZhenFund is located in Beijing, Beijing, China.
ZhenFund was founded in 2011.
ZhenFund invests in companies and startups in Education, Edtech, E-commerce/Marketplace, Gaming, Healthcare Services, Internet and Web Services, Mobile/Apps, Other.
ZhenFund invests in companies and startups in Asia.
ZhenFund invests in companies and startups at Seed.
ZhenFund usually invests $5-10 m on average.
ZhenFund has around $1 000m assets under management.
ZhenFund can be reached through its website zhenfund.com/US, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for ZhenFund — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query ZhenFund directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 25 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.