ZhenFund
Beijing, China · Invests in Asia · Website
Check size
🔒 $•• – $••Thesis
Believe in innovation, risk-taking, and young talent. Best entrepreneurs are rare and precious. Provide quick capital, friendly terms, genuine commitment. Help but don't complicate. Monthly founder support.
Likely not a fit for
Large companies, late stage, unambitious founders, those unwilling to take risks
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~2 weeks
- Warm intro
- Not required
- Involvement
- Advisor
- Fund status
- Actively deploying
- Assets under mgmt
- $1.5B
- Decision process
- Partnership vote
Partners & team
12 contacts on file
Portfolio
Xiaohongshu is a lifestyle platform for young people, allowing users to share and discover content related to their interests through short videos, pictures, and texts.
EHang is a pilotless aerial vehicle technology platform company focused on making safe, pilotless, and eco-friendly air mobility accessible to everyone through its proprietary pilotless eVTOL aircraft and related urban air mobility solutions.
Momenta is focused on building autonomous driving solutions that enhance safety, convenience, and efficiency in mobility through advanced AI technologies.
Perfect Diary offers a complete lineup of stylish makeup that includes eyeshadow palettes, lip glosses, lip stains, setting powders and more, committed to enabling everyone to express their own beauty effortlessly.
Hesai Technology is a global leader in lidar solutions, providing high-performance lidar sensors for various applications including autonomous vehicles, robotics, and advanced driver assistance systems (ADAS). The company integrates in-house manufacturing with R&D to ensure rapid product iteration and high quality.
CloudWalk is an interplanetary payment network focused on democratizing the financial industry through innovative payment solutions and technologies, including AI and blockchain.
Moonshot AI develops Kimi, an AI-powered assistant driven by a proprietary large language model, capable of online search, deep reasoning, multimodal inference, and extended text conversations.
Manus is a company that builds general AI agents designed to help users tackle research, automation, and complex tasks. It aims to extend human reach by providing tools that leverage AI capabilities for everyday tasks.
Genspark is an AI workspace that automates work processes for knowledge workers, integrating various AI models to deliver finished outputs such as presentations, documents, and spreadsheets with minimal user input.
AutoX is focused on developing autonomous vehicle technology, providing solutions for driverless vehicle operations and interactions with law enforcement.
Youibot is an innovative industrial robot company specializing in autonomous mobile robots and automation solutions for various industries, including semiconductor, automotive, and logistics.
Recent activity
- Jan 2026
Inferact
Seed · Investor
- Jan 2026
Omoway
Seed · Investor
- Dec 2025
Pollo AI
Seed · Investor
- Oct 2025
RheoFit
Seed · Co-Lead
- Oct 2025
ChatCut
Seed · Investor
- Aug 2024
Manus
Seed · Lead
- Jun 2024
Genspark
Seed · Lead
- Nov 2023
Youibot
Series A · Participated
ZhenFund in the news
finance.biggo.com
Post-95 PhD with 'Jiuzhang' Pedigree Enters the Fray: Shanghai Optical Chip Dark Horse Qisuan Guangqi Secures Hundreds of Millions in Funding
27 days ago
Tech Times
Tencent to Lead $2B Manus Buyback as Beijing Treats Agentic AI as Sovereign Asset
1 month ago
Global Market | Tencent explores stake in AI Startup Manus after China challenges Meta deal: Reports
1 month ago
Tencent in talks to become AI startup Manus' largest shareholder, sources say
1 month ago
Tencent Eyes Control of Singapore-Based AI Startup Manus After Beijing Blocks Meta’s $2 Billion Deal
1 month ago
Meta Stock in Focus After $2 Billion AI Deal Falls Apart
1 month ago
Tencent-Led Consortium Completes $13.6 Billion Redemption of Manus: Latest Report & Key Details
1 month ago
Theme Roundtable: Always Praise Adventure - Earlier, Smaller, More Daring | 36Kr WAVES 2026 New Waves
2 months ago
Manus original investors plan to buy back AI firm from Meta for US$2 billion: report
2 months ago
Manus original investors plan to buy back AI firm from Meta for US$2 billion: report
2 months ago
Original investors may buy back Chinese-origin AI startup Manus that Meta purchased for $2 billion
2 months ago
Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports
2 months ago
Meta Forced to Unwind $2 Billion Manus AI Takeover as Revenue Quadruples
2 months ago
Anna Fang
3 months ago
Xi tests China's reach by blocking Meta's already-done acquisition of Singapore-based Manus
4 months ago
ZhenFund to close eighth China VC fund on USD 300m
4 months ago
Inferact Secures $150 Million Seed Funding
7 months ago
vLLM Team Officially Launches Startup, Secures $150M in Financing with Tsinghua Special Award Winner YOU Kaichao as Co-Founder
7 months ago
Mark Zuckerberg Spent Billions in Anger: Why Didn't a Chinese Company Buy Manus?
8 months ago
Mark Zuckerberg’s Meta is dropping over $2 billion for an AI startup—a rare example of a U.S. tech giant buying a platform founded in China
8 months ago
Meta’s Acquisition Values Manus at More Than $2 Billion
8 months ago
Mark Zuckerberg buys AI startup with "Chinese roots" that doesn't want to maintain ties with China
8 months ago
Meta just bought Manus, an AI startup everyone has been talking about
8 months ago
Manus AI, Backed By Tencent And HongShan, Lands $75M Funding, Claims To Outperform OpenAI's Deep Research
May 2025
caixinglobal.com
Asia New Vision Forum: Fresh Stimulus Package ‘Great News’ for Startups, VC Investor Says
Sep 2024
Who is ZhenFund?
Dec 2023
Anna Fang
Feb 2023
How China's Anna Fang Built The World's Best Seed-Stage Startup Portfolio
Apr 2022
Under 30 Asia Alum Launches AI Startup With Funding From Kai-Fu Lee’s Sinovation Ventures And ZhenFund
Feb 2022
AIG raids investors for $400m
Sep 2021
Bloomberg.com
'Social Commerce' Is Most Interesting Segment in China, ZhenFund CEO Says
Nov 2018
Watch ZhenFund CEO Says Investment Strategy Focused on People
Jun 2018
Watch ZhenFund's CEO Discusses the Changing Landscape of Tech Funding
Jun 2018
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A founder-focused investor targeting culturally resonant tech and aspirational consumer companies, bridging elite venture ecosystems and historically excluded communities through mentorship and access for non-traditional talent.
Led by Datto founder Austin McChord, fund invests at Series A in modernizing unglamorous, large markets—e.g., cattle supply chains, industrial painting, satellite buses—and has scaled winners to unicorn rounds.
Research briefRead more
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