China · Investor

ZhenFund

Last cheque observed Oct 2026; 390 cheques on record.

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Deploying nowVC firm

Pre-seedSeedSeries AEhealthHealth-techHealth

Deploying now
65%of best year13cheques in 12 months, 390 on record
Since the last cheque1days00hrs00min00sec
Median round$9.1MCheque size, as they say$250K – $3.0MRounds led2 of 390Sole investor109 roundsExits2 from the portfolioMostly inUnited States, 50%
Pitch ZhenFund

ZhenFund highlights

  1. 01

    13 cheques in the last 12 months

  2. 02

    Mostly Series A and Venture: 48% of its rounds

  3. 03

    Sole investor in 109 rounds, median $1.5M

  4. 04

    2 exits from the portfolio

What they do

Type
VC firm (from a list, unverified)
Cheque size
$250K – $3.0M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
EhealthHealth-techHealth
Based in
Beijing, China
Cold pitches
Not stated

The record

Every round we can evidence, newest first390 appearances

  1. 2026

    8 rounds

  2. Oct
    Archon RoboticsSeed · CN · Google News searchUndisclosedWith 6 others
  3. Oct
    Manus / Butterfly EffectGrowth · SG · Firms' own news pages$500MWith 5 others
  4. Jul
    Dandelion EnergyGrant · US$40MWith 3 others
  5. Jun
    XChargeDE$4.4MWith 3 others
  6. Apr
    SaphluxSeries C · US$44MWith 2 others
  7. Mar
    Futuring RobotVentureUndisclosedSole investor
  8. Mar
    Deep Intelligent PharmaVenture · SG$40MWith 3 others
  9. Jan
    Startous fusionSeries A$143MWith 4 others
  10. 2025

    20 rounds

  11. Dec
    LevinthalVentureUndisclosedWith 1 other
  12. Dec
    YimutianDebt$30MWith 2 others
  13. Dec
    Pollo AISeries A · SG$14MSole investor
  14. Nov
    Cornerstone RoboticsVenture · HK$200MWith 4 others
  15. Nov
    RiVAIVentureUndisclosedWith 2 others
  16. Oct
    Vastai TechnologiesVentureUndisclosedWith 3 others
  17. Oct
    ChatCutSeed · US$1.4MWith 1 other
  18. Oct
    Salus BioMedSeries B$7.0MWith 2 others
  19. Sept
    VeminsynVentureUndisclosedWith 1 other
  20. Aug
    HyperknowSeed · US$1.0MSole investor
  21. Jul
    Jingying TechnologyVentureUndisclosedWith 1 other
  22. Jul
    AspectaVenture · USUndisclosedWith 3 others
  23. Jun
    Xiangke IntelligenceSeed$1.4MWith 1 other
  24. Jun
    IOSTVenture · SG$21MWith 4 others
  25. May
    Manus AISeries A · CN · TechCrunch$75MWith 3 others
  26. May
    Pillar BiosciencesVenture · US$35MSole investor
  27. Apr
    UXLINKVenture · SGUndisclosedWith 3 others
  28. Feb
    Abc clinic butlerVenture$14MWith 1 other
  29. Jan
    SwivlVenture · USUndisclosedWith 1 other
  30. Jan
    Bit IntelligencePre-seed$68MWith 2 others
  31. 2024

    16 rounds

  32. Dec
    Ruixun BiotechVentureUndisclosedWith 1 other
  33. Oct
    Xishu TechnologyVentureUndisclosedSole investor
  34. Oct
    CitconVenture · US$4.8MWith 4 others
  35. Sept
    MenusifuSeries B · US$40MWith 1 other
  36. Sept
    HPC-AI TechnologySeries A · SG$50MWith 3 others
  37. Aug
    DianzhuoSeed$98MWith 2 others
  38. Aug
    MaicoinVenture · USUndisclosedWith 3 others
  39. Jul
    SynyiVentureUndisclosedWith 3 others
  40. Jun
    SmartMore Corporation LimitedVentureUndisclosedWith 3 others
  41. Apr
    Moying RoboticsSeries A$14MWith 2 others
  42. Apr
    Moffett AIVentureUndisclosedWith 2 others
  43. Feb
    Vinehoo.comVentureUndisclosedWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration6 named

AAAnna Ai FangPartneriForm ADV
NNNatisha Nicole RamroopDirectoriForm ADV
QWQiang WangPartneriForm ADV
VDVumindaba DubeDirectoriForm ADV
XPXiao Ping XuPartneriForm ADV
YDYusen DaiPartneriForm ADV

We also hold 31 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$2.5Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
ZHEN Advisors, LTD.
SEC number
CRD 283311

What they claim to have backed

From their own portfolio page (on their website)

5 of 28 we have independently watched raise

Enter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the officialEnter the official

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

NICEBought by AmazonUndisclosedFeb 2016
OrbeusBought by AmazonUndisclosedDec 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as ZhenFund. A count of rooms they were both in, not a relationship either has claimed.

HSGVC firm35rounds togetherIDG CapitalPrivate equity30rounds togetherMatrix Partners ChinaVC firm19rounds togetherGGV CapitalVC firm17rounds togetherK2VCVC firm17rounds togetherQiming Venture PartnersVC firm16rounds togetherShunwei CapitalVC firm16rounds togetherGSRVC firm15rounds togetherGaorong CapitalVC firm13rounds togetherTengxun TouziVC firm13rounds togetherSinovation VenturesVC firm11rounds together5Y CapitalVC firm10rounds together

Recently backed

The latest companies ZhenFund put money into.

Dandelion Energy$40M · Jul 2026XCharge$4.4M · Jun 2026Saphlux$44M · Apr 2026Deep Intelligent Pharma$40M · Mar 2026Startous fusion$143M · Jan 2026LevinthalDec 2025

Quick answers about ZhenFund

What does ZhenFund invest in?

ZhenFund invests most often at Series A and Venture (48% of the rounds on record), in sectors such as Ehealth, Health-tech and Health.

How active is ZhenFund?

390 investments on record, 13 of them in the last 12 months, and it led 2. The most recent was in Oct 2026.

What has ZhenFund invested in recently?

Its most recent investments on record: Archon Robotics (Seed, Oct 2026), Manus / Butterfly Effect (Growth, Oct 2026) and Dandelion Energy (Grant, Jul 2026).

How big are ZhenFund's cheques?

The median round it joins is $9.1M. It says it writes cheques of $250K to $3.0M.

Does ZhenFund lead rounds?

Sometimes: it led 2 of its 390 investments on record (1%).

Where does ZhenFund invest?

Most of the companies it backs are in the United States (50%), Singapore (30%) and China (10%).

Is ZhenFund investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

Who does ZhenFund invest alongside?

Most often HSG (35 rounds together), IDG Capital (30 rounds together) and Matrix Partners China (19 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it