# Zhangshangfucai funding: rounds and investors

> Zhangshangfucai has raised $12M across 3 rounds since 2018. Investors include ZhenFund, Source Code Capital and Ferry Venture Capital.

Source: https://millionrounds.com/company/zhangshangfucai (Millionrounds; every figure on the page links to its filing or article)

China · [Venture startup](https://millionrounds.com/companies)

# 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.

B2B Consumer Services

Funding summary Updated 26 Oct 2026

**$12M** raised across 3 rounds since 2018, from 3 sources

**$8.0M** Series A **$4.3M** Series A

- **Latest round:** Venture Nov 2021
- **Biggest round:** $8.0M Series 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.

2019 2020 2021

**$8.0M** Series A

**$4.3M** Series A

**?** Venture

- **First round:** Series A, $8.0M
- **Biggest round:** $8.0M
- **Usual gap between rounds:** 2.4 years

## The rounds

- **Nov 2021** Venture **Amount undisclosed** *2 returning* [ZhenFund](https://millionrounds.com/fund/zhenfund) [Source Code Capital](https://millionrounds.com/fund/source-code-capital) Source recorded
- **May 2019** Series A **$4.3M** *2 new* [Source Code Capital](https://millionrounds.com/fund/source-code-capital) [Ferry Venture Capital](https://millionrounds.com/fund/ferry-venture-capital) Reported by Voice
- **Nov 2018** Series A **$8.0M** *1 new* [ZhenFund](https://millionrounds.com/fund/zhenfund) Lead 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 A** 2018 **Series A** 2019 **Venture** 2021 [ZhenFund](https://millionrounds.com/fund/zhenfund) L [Source Code Capital](https://millionrounds.com/fund/source-code-capital) [Ferry Venture Capital](https://millionrounds.com/fund/ferry-venture-capital)

## Everyone who backed them

[ZhenFund](https://millionrounds.com/fund/zhenfund) VC firm **2** rounds, led 1

[Source Code Capital](https://millionrounds.com/fund/source-code-capital) VC firm **2** rounds

[Ferry Venture Capital](https://millionrounds.com/fund/ferry-venture-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=zhangshangfucai).

## 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.

## Companies like Zhangshangfucai

In the same sector, and raised in the last eighteen months.

[**ZeroW** $417K · Oct 2026](https://millionrounds.com/company/zerow)[**Rosie** $7.0M · Oct 2026](https://millionrounds.com/company/rosie)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**Different** $48M · Oct 2026](https://millionrounds.com/company/different)[**MURAL** $67M · Oct 2026](https://millionrounds.com/company/mural)[**CapGrid** $5.4M · Oct 2026](https://millionrounds.com/company/capgrid)

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