ZhenFund
Venture capitalBeijing · Pre-Seed–Series B · 27 people tracked
Also known as ZHEN ADVISORS, LTD.
Investment thesis
ZhenFund focuses on early-stage entrepreneurs in China, supporting founders from the earliest steps of company building. It runs programs such as the Zhen Summer Grant (offering scholarships to teams to launch their first company), ZhenResidence (a multi-day 'Mini Business School' held in Beijing, Shanghai and Shenzhen to help potential entrepreneurs), ZhenCampus (a university startup-sharing series connecting students and researchers with founders and investors), and generative AI hackathons supporting the technology industry. The firm actively engages with high-potential founders and increasingly emphasizes AI and technology innovation.
Source: firm website, verified Aug 3, 2026.
Team · 27 people
from the firm's website & public directoriesWhat they invest in
from 9 of 36 portfolio companiesAI & Machine Learning ×5Enterprise Software ×3SaaS ×3Marketing Tech ×2Biotech ×1Cleantech ×1Climate Tech ×1Consumer ×1
HQs:United States×7
Investments · 36 tracked
founders shown can be your intro pathApollo provides an AI-powered platform designed for go-to-market teams to improve sales and marketing productivity.
AI & Machine LearningEnterprise SoftwareMarketing TechSales TechSan Francisco, US
Tim Zheng(Founder/CEO)inRay Li(Founder)inMatt Curl(Chief Executive Officer)Marcio Arnecke(Chief Marketing Officer)Adam Carr(Chief Revenue Officer)Phil Moon(Chief Financial Officer)
Archon Biosciences develops a computational protein design platform leveraging AI and deep learning for therapeutic and vaccine applications.
AI & Machine LearningBiotechDeep TechSeattle, US
George Ueda, Ph.D.(Chief Technology Officer, Co-Founder)James Lazarovits, Ph.D.(Chief Executive Officer, Co-Founder)
Dandelion Energy designs and installs geothermal heating and cooling systems for homes, positioning geothermal as a primary heating and cooling solution for both new and existing residential buildings.
CleantechClimate TechEnergyHardwarePalo Alto, US
Kathy Hannun(Founder & CTO)inDan Yates(CEO)inRajeev James Quazi(Executive Officer, Director)Craig Shapiro(Director)
HeyGen is an AI video generation and dubbing platform that allows users to create and localize videos by writing scripts and selecting AI-generated voices, eliminating the need for cameras, actors, and traditional production resources.
AI & Machine LearningMarketing TechMedia & EntertainmentSaaSLos Angeles, US
Joshua Xu
An online coding platform offering self-paced lessons and project-based courses for middle and high school students to learn web development and programming through hands-on creative applications like video filters and augmented reality.
EdTechSan Francisco, US
Alexandra Diracles(Founder/CEO)Melissa Halfon(Founder/CTO)in
Yoshi Mobility operates a platform that handles vehicle fueling and maintenance services, aiming to reduce total ownership costs by modernizing the infrastructure traditionally served by gas stations and repair shops.
ConsumerMobility & TransportationNashville, US
Bryan Frist(Founder/CEO)inNick Alexander(Founder)inDan Hunter(Founder)inEric R. Carmichael(Director)Sherwin Prior(Director)
Frequently asked questions
- What stage does ZhenFund invest at?
- ZhenFund invests at the Pre-Seed, Seed, Series A, Series B stages.
- What is ZhenFund's typical check size?
- ZhenFund typically writes checks of $425K – $28M.
- What sectors does ZhenFund focus on?
- ZhenFund focuses on AI & Machine Learning, Biotech, Consumer, Crypto & Web3, Deep Tech, E-commerce, EdTech, Energy, Enterprise Software, Fintech, Hardware, Mobility & Transportation, New Materials, Robotics, SaaS, Semiconductors.
- Where is ZhenFund located?
- ZhenFund is headquartered in Beijing, CN.
- Does ZhenFund lead rounds?
- ZhenFund typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the team
Episode 102: ZhenFund in China with Anna Fang - Analyse Asia with Bernard Leong
Analyse Asia · Anna Fang · youtube.com
Episode One - Anna Fang, Founder & CEO of ZhenFund
LTF Ventures · Anna Fang
Silicon Dragon Salon 2016, Hong Kong: Anna Fang Hamm - Partner & CEO at ZhenFund
BeFast.TV · Anna Fang
Co-investors · 17
Granite Asia is a multi-asset investment platform based in Asia that partners with founders to build industry-leading companies, investing across private equity, private credit, and public markets.
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Craft Ventures is a venture capital firm founded and run by former founders, operators, and investors who provide startups with hands-on support, senior talent access, and proven scaling playbooks.
Uber is a technology company operating multisided platforms that connect consumers with ride services, transit, delivery of food and groceries, and freight shipping across more than 70 countries and 15,000+ cities.
Menlo Ventures is a venture capital firm that backs transformative, early-stage technology companies reshaping how people live and work.
Atomico is an international venture capital firm that invests in growth-stage technology companies across multiple geographies. The firm focuses on scaling disruptive technology businesses globally.
Eniac Ventures is a seed-stage venture firm that positions itself as founder-friendly and focused on helping early-stage companies achieve product-market fit.
Quiet Capital is an early-stage venture firm run by builders who back founders from day zero.
SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.
ACME Capital is a venture firm that backs deep-tech founders combining technical ambition with decisive execution, supporting companies through every phase of growth.
Partech is a global investment firm that supports founders at every stage through dedicated teams and multiple funds across several continents.
SoftBank Vision Fund invests globally in AI-focused companies working to transform and create industries.
▶5 more co-investors
Firms observed investing alongside ZhenFund, from public investor directories. Shared companies are the overlap with ZhenFund's recorded portfolio.
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