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ZhenFund

Investor type Venture Capital
Founders Bob Xiaoping Xu Victor Wang

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 798
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 524
Rounds per year 66.50
Lead investments 118
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.34
Exits 50
Key employees 7
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Artificial Intelligence
  • E-Commerce
  • Internet
  • Information Technology
Summary

In 2011 was created ZhenFund, which is appeared as VC. The fund was located in Asia if to be more exact in China. The leading representative office of defined VC is situated in the Beijing.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the ZhenFund, startups are often financed by GGV Capital, Matrix Partners China, GSR Ventures. The meaningful sponsors for the fund in investment in the same round are Y Combinator, Shunwei Capital, Bertelsmann Asia Investments. In the next rounds fund is usually obtained by Blue Lake Capital AG, Vision Plus Capital, DCM Ventures.

The fund was created by Bob Xiaoping Xu, Victor Wang. We also calculated 7 valuable employees in our database.

When the investment is from ZhenFund the average startup value is 500 millions - 1 billion dollars. The top amount of exits for fund were in 2019. Opposing the other organizations, this ZhenFund works on 25 percentage points less the average amount of lead investments. Deals in the range of 10 - 50 millions dollars are the general things for fund. The top activity for fund was in 2018. Speaking about the real fund results, this VC is 2 percentage points less often commits exit comparing to other organizations. The fund is constantly included in 25-48 deals per year.

Among the most successful fund investment fields, there are Artificial Intelligence, Software. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Vipkid, UCommune, Xiaohongshu. For fund there is a match between the country of its foundation and the country of its the most frequent investments - China. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of ZhenFund:
Typical Co-investors
ZhenFund is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after ZhenFund:

Funds with similar focus

Funds from China
Funds with similar focus located in China:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Tiaoyue Intelligent

3D Technology
Artificial Intelligence
Digital Marketing
08 Dec 2022 Changyang, Beijing, China

Meliora Therapeutics

Biotechnology
Therapeutics
$11M29 Sep 2022 San Francisco, California, United States

Moonshot Commons

11 Sep 2022 Beijing, Beijing, China

LinkZill

Advanced Materials
Electronics
Manufacturing
Semiconductor
05 Sep 2022 Hangzhou, Zhejiang, China

Enflame

Artificial Intelligence
Machine Learning
Semiconductor
Software
Training
10 Aug 2022 Shanghai, China

Pingxin Technology

Enterprise Software
01 Aug 2022 Dongcheng District, Beijing, China

Persephone Biosciences

Artificial Intelligence
Biotechnology
Health Care
Medical
$15M19 Jul 2022 San Diego, California, United States

Shebaotong

Insurance
Security
$41M24 Jun 2022 Shanghai, China

DigitAlp

Health Care
Medical
06 Jun 2022 Hangzhou, Zhejiang, China
News
Delonix Bioworks Closes $14 Million Series Seed Financing to Accelerate the Development of its Innovative Synthetic Vaccines

– Delonix Bioworks has closed a $14m Series Seed financing to accelerate the development of its innovative synthetic vaccines.
– The financing was led by Boehringer Ingelheim Venture Fund and IDG Capital with participation from ZhenFund and an undisclosed investor.
– The financing will be used to accelerate the building of synthetic biology vaccine platforms and advance pipelines of synthetic vaccines to clinical trials.
– Delonix is working on innovative synthetic biology approaches to develop the next generation medical solutions to address global public health challenges.
– Current lead programs target anti-microbial resistance (AMR).

How China’s synthetic media startup Surreal nabs funding in 3 months

– Surreal, a China-based AI startup, raised $2-3m in seed funding.
– The round was led by Sequoia China and ZhenFund.
– The company is merely three months old but has already secured a seed round of $2-3 million from two prominent investors, Sequoia China and ZhenFund.
– Surreal received nearly 10 investment offers in this round, as investors jostled to bet on a future shaped by AI-generated content.

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