China · Venture startup

Who invested in Zhangshangfucai

3 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

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Funding summaryUpdated 26 Oct 2026

$12Mraised across 3 rounds since 2018, from 3 sources

$8.0MSeries A$4.3MSeries A
Latest round
VentureNov 2021
Biggest round
$8.0MSeries A · Nov 2018
Investors
3 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201920202021
$8.0MSeries A$4.3MSeries A?Venture
First round
Series A, $8.0M
Nov 2018
Biggest round
$8.0M
Series A · Nov 2018
Usual gap between rounds
2.4 years
the median of 2

The rounds

  1. Nov 2021
    VentureAmount undisclosed2 returning

    Source recorded

  2. May 2019
    Series A$4.3M2 new

    Reported by Voice

  3. Nov 2018
    Series A$8.0M1 new

    Reported by AVCJ

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series A2018Series A2019Venture2021ZhenFundLSource Code CapitalFerry Venture Capital

Everyone who backed them

ZhenFundVC firm2rounds, led 1
Source Code CapitalVC firm2rounds

Missing a round, or an investor who was in one? Tell us.

Quick answers about Zhangshangfucai

Who invested in Zhangshangfucai?

Zhangshangfucai's investors include ZhenFund, Source Code Capital and Ferry Venture Capital.

How much has Zhangshangfucai raised?

Zhangshangfucai has raised $12M across 3 rounds since 2018. One round did not disclose an amount, so the total is a floor.

When did Zhangshangfucai last raise?

Zhangshangfucai's most recent round was a Venture in Nov 2021.

What was Zhangshangfucai's biggest round?

Zhangshangfucai's largest round on record is $8.0M (Series A), in Nov 2018, led by ZhenFund.

Who backed Zhangshangfucai first?

Zhangshangfucai's first round on record, in Nov 2018, was backed by ZhenFund.

What stage is Zhangshangfucai at?

Zhangshangfucai's latest named round is a Venture, in Nov 2021.

Where is Zhangshangfucai based?

Zhangshangfucai is based in China.

Who led Zhangshangfucai's rounds?

ZhenFund led the Series A in 2018.

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