ZhenFund

China-based venture capital firm

ZhenFund

Native name

| 真格基金
Company type| Private
Industry| Venture Capital
Founded| 2011
Founders| Bob Xiaoping Xu[1]
Victor Qiang Wang
Headquarters| Beijing, China

Key people

| Anna Fang (CEO)
Products| Investments
Website| zhenfund.com

ZhenFund (Chinese: 真格基金; pinyin: Zhēngé jījīn) 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][3]

## Background

[edit]

In 2011, Bob Xu and Victor Wang established ZhenFund as a firm in collaboration with Sequoia Capital China.[1][3] Xu and Wang previously co-founded New Oriental, one of the largest education conglomerates in China.[2] Zhenfund was originally a personal investment vehicle for the duo that was set up in 2007.[3][4]

The firm invests in various industry fields such as the internet, technology, artificial intelligence, corporate services, healthcare and education.[2][3][5]

## Offices

[edit]

ZhenFund is headquartered in Beijing with additional offices in Shanghai, Shenzhen and Palo Alto.[6]

## Notable investments

[edit]

* Blueseed[7]
* EHang[8]
* Jiayuan.com[9]
* LightInTheBox[2]
* Mobvoi
* Momenta[10]
* Niu Technologies[11]
* Ofo[12]
* Ucommune[13]
* Woyingzhichang[14]
* VIPKid[15]
* Xiaohongshu[16]

## References

[edit]

1. ^ a b "Bob Xu - Angel Investor and Founder of ZhenFund". Investor's Globe.
2. ^ a b c d Barreto, Elzio (2 June 2016). "China's biggest angel fund bets on boom led by young consumers". Reuters. Retrieved 23 March 2021.
3. ^ a b c d "独家起底真格基金:5年300个投资项目表现如何？". finance.sina.cn. 24 March 2016. Retrieved 3 July 2023.
4. ^ Apostoaie, Ella (11 December 2023). "Who is ZhenFund?". The Wire China. Retrieved 13 December 2023.
5. ^ Cheung, Sonja (17 May 2013). "Sequoia Joins Early Stage Trend With Backing for Zhenfund". Wall Street Journal. ISSN 0099-9660. Retrieved 3 July 2023.
6. ^ "Contact Us". Zhenfund. Retrieved 23 March 2021.
7. ^ "Blueseed Receives Seed Funding from Xu Xiaoping and Wang Qiang of ZhenFund · TechNode". TechNode. 14 December 2012. Retrieved 23 March 2021.
8. ^ "EHang, maker of autonomous flying shuttles, files for $100 million IPO". TechCrunch. November 2019. Retrieved 23 March 2021.
9. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 23 March 2021.
10. ^ Hu, Bailey (18 October 2018). "Momenta claims China's first self-driving unicorn title after new round of funding · TechNode". TechNode.
11. ^ "Niu Technologies to Present at 21st Annual Needham Growth Conference". finance.yahoo.com. Retrieved 23 March 2021.
12. ^ Fannin, Rebecca. "Crash Of China Bike-Sharing Startup Ofo Costs Leading VCs Big-Time". Forbes. Retrieved 23 March 2021.
13. ^ "Ucommune Achieves NASDAQ Backdoor Listing at 75% Off". Mingtiandi. 9 July 2020. Retrieved 23 March 2021.
14. ^ "线上教育"我赢职场"获200万天使投资_淘名资讯". news.taoming.com. Retrieved 23 March 2021.
15. ^ "VIPKID Raises $200 Million in Series D Financing, With Sequoia Capital as Lead Investor and Tencent as Strategic Investor". www.businesswire.com. 23 August 2017. Retrieved 23 March 2021.
16. ^ "Alibaba led $300 million Series D in Xiaohongshu, China's trendy lifestyle shopping app". Pandaily. 1 June 2018. Retrieved 23 March 2021.

## External links

[edit]

Wikimedia Commons has media related to ZhenFund.

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Private equity and venture capital

Investment types|

* Buyout
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History|

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|

Venture|

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