# ZhenFund 真格基金

> ZhenFund is a Beijing-based early-stage venture capital firm founded in 2011 by Bob Xu, Victor Wang and Anna Fang. It writes early checks to Chinese founders in China and overseas, investing across AI, consumer businesses, enterprise technology, robotics and other sectors. Its founder programs include Zhen Summer Grant, ZhenResidence, ZhenCampus and support for generative-AI hackathons.

- **Founded:** 2011
- **Headquarters:** Beijing, China
- **Founders:** Bob Xiaoping Xu (Founder), Victor Qiang Wang (Co-founder), Anna Fang (Founding Partner and CEO)
- **Products:** Early-stage venture investment, ZhenResidence, Zhen Summer Grant, ZhenCampus, Generative-AI hackathon support
- **Notable:** Reported more than 800 startup investments by June 2024., Anna Fang topped Forbes’ inaugural Midas Seed List in 2022., Anna Fang ranked 62nd on the 2025 Forbes Midas List.

## Products & services

- **Early-stage venture investment** — Seed and early-stage equity capital for Chinese-founded startups domestically and overseas, accompanied by portfolio support.
- **ZhenResidence** — Three-to-five-day startup preparation camps in Beijing, Shanghai and Shenzhen; the firm reports 13 editions and roughly 400 participants.
- **Zhen Summer Grant** — Entrepreneurial scholarships of RMB 200,000–500,000 per team supporting an eight-to-twelve-week period of full-time startup work.
- **ZhenCampus** — Campus startup discussions connecting prospective founders and researchers with entrepreneurs and investors.
- **Generative-AI hackathon support** — Collaboration with and support for generative-AI hackathons involving technical founders and developers.
- **Portfolio support and founder events** — Founder introductions, recruiting and operational support, plus discussions about products, technology and international expansion.

## Achievements

- Reported more than 800 startup investments by June 2024.
- Anna Fang topped Forbes’ inaugural Midas Seed List in 2022.
- Anna Fang ranked 62nd on the 2025 Forbes Midas List.
- Early investments include Xiaohongshu and Yatsen Group; the portfolio also includes AI and robotics businesses.
- Set aside RMB 100 million in December 2023 to support founders born after 2000.

## Latest updates

- **2026-04** — ION Analytics reported an imminent approximately US$300 million close for Fund VIII; sources said it was deliberately capped below Fund VII to build a more concentrated portfolio. Treat as a dated report, not a verified completed close.
- **2025-12** — ZhenFund’s news page announced portfolio company MetaX’s Shanghai STAR Market listing on December 17.
- **2025-06** — ZhenFund published its recap of a June 17 international-expansion dinner co-hosted with Stripe in Shenzhen.

## Links

- Website: https://www.zhenfund.com/
- LinkedIn: https://www.linkedin.com/company/zhenfund/
- Twitter/X: https://twitter.com/zhenfund
- Facebook: https://facebook.com/zhenfund2011

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Profile page: https://yespress.io/zhenfund
Published by YesPress — https://yespress.io
Last updated: 2026-10-08