# Who Invests With ZhenFund: 71 Co-Investors (2026) > The 71 investors that have backed two or more of the same startups as ZhenFund, by kind: vc firms, private equity and asset managers and accelerators. Source: https://millionrounds.com/portfolio-maps/zhenfund-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 56 - [HSG](https://millionrounds.com/fund/hsg) - [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) - [K2VC](https://millionrounds.com/fund/k2vc) - [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) - [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) - [GGV Capital](https://millionrounds.com/fund/ggv-capital) - [*MP* Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) - [Sinovation Ventures](https://millionrounds.com/fund/sinovation-ventures) - [Gaorong Capital](https://millionrounds.com/fund/gaorong-capital) - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) - [GSR](https://millionrounds.com/fund/gsr) - [BAI Capital](https://millionrounds.com/fund/bai-capital-2) - [5Y Capital](https://millionrounds.com/fund/5y-capital) - [Source Code Capital](https://millionrounds.com/fund/source-code-capital) - [Yunqi Partners](https://millionrounds.com/fund/yunqi-partners) - [China Growth Capital](https://millionrounds.com/fund/china-growth-capital) - [Founders Fund](https://millionrounds.com/fund/founders-fund) - [Matrix Partners](https://millionrounds.com/fund/matrix-partners) - [Plum Ventures](https://millionrounds.com/fund/plum-ventures) - [*DC* Danhua Capital](https://millionrounds.com/fund/danhua-capital) - [UnityVC](https://millionrounds.com/fund/unityvc) - [Ceyuan Ventures](https://millionrounds.com/fund/ceyuan-ventures) - [Village Global](https://millionrounds.com/fund/village-global) - [*VP* Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) +32 more ## Private equity and asset managers 12 - [IDG Capital](https://millionrounds.com/fund/idg-capital) - [Matrix](https://millionrounds.com/fund/matrix) - [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) - [CICC](https://millionrounds.com/fund/cicc) - [Eastern Bell Capital](https://millionrounds.com/fund/eastern-bell-capital) - [Qianhai Fund of Funds](https://millionrounds.com/fund/qianhai-fund-of-funds) - [Pavilion Capital](https://millionrounds.com/fund/pavilion-capital) - [NorthStar](https://millionrounds.com/fund/northstar) - [CDH Investments](https://millionrounds.com/fund/cdh-investments) - [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - [Cathay Capital](https://millionrounds.com/fund/cathay-capital) - [Huagai Capital](https://millionrounds.com/fund/huagai-capital) ## Accelerators 3 - [Y Combinator](https://millionrounds.com/fund/y-combinator) - [Obvious Ventures](https://millionrounds.com/fund/obvious-ventures) - [Amino Capital](https://millionrounds.com/fund/amino-capital) ## Segment by segment ### VC firms 56 investors - [**HSG**](https://millionrounds.com/fund/hsg) VC firm Hong Kong SAR China 20 backed - [**Qiming Venture Partners**](https://millionrounds.com/fund/qiming-venture-partners) VC firm Hong Kong SAR China 12 backed - [**K2VC**](https://millionrounds.com/fund/k2vc) VC firm China 11 backed - [**Tengxun Touzi**](https://millionrounds.com/fund/tengxun-touzi) VC firm China 9 backed - [**Shunwei Capital**](https://millionrounds.com/fund/shunwei-capital) VC firm China 8 backed - [**GGV Capital**](https://millionrounds.com/fund/ggv-capital) VC firm United States 8 backed - [*MP* **Matrix Partners China**](https://millionrounds.com/fund/matrix-partners-china-2) VC firm United States 8 backed - [**Sinovation Ventures**](https://millionrounds.com/fund/sinovation-ventures) VC firm China 8 backed ### Private equity and asset managers 12 investors - [**IDG Capital**](https://millionrounds.com/fund/idg-capital) Private equity China 13 backed - [**Matrix**](https://millionrounds.com/fund/matrix) Hedge fund United Arab Emirates 6 backed - [**DCM Ventures**](https://millionrounds.com/fund/dcm-ventures) Private equity United States 4 backed - [**CICC**](https://millionrounds.com/fund/cicc) Investment bank China 3 backed - [**Eastern Bell Capital**](https://millionrounds.com/fund/eastern-bell-capital) Private equity China 3 backed - [**Qianhai Fund of Funds**](https://millionrounds.com/fund/qianhai-fund-of-funds) Fund of funds China 2 backed - [**Pavilion Capital**](https://millionrounds.com/fund/pavilion-capital) Private equity United States 2 backed - [**NorthStar**](https://millionrounds.com/fund/northstar) Hedge fund United Kingdom 2 backed ### Accelerators 3 investors - [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 10 backed - [**Obvious Ventures**](https://millionrounds.com/fund/obvious-ventures) Accelerator United States 2 backed - [**Amino Capital**](https://millionrounds.com/fund/amino-capital) Accelerator United States 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as ZhenFund, in rounds we track. Grouped by kind, each ranked by how many startups it shares with ZhenFund. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **ZhenFund portfolio map** 117 startups · $4.8B](https://millionrounds.com/portfolio-maps/zhenfund-portfolio-map)[Investments abroad **ZhenFund's investments in the United States** 32 startups · $491M](https://millionrounds.com/portfolio-maps/zhenfund-investments-united-states)[Sector portfolio **ZhenFund's AI portfolio** 21 startups · $1.9B](https://millionrounds.com/portfolio-maps/zhenfund-ai-portfolio)[Sector portfolio **ZhenFund's Edtech portfolio** 15 startups · $256M](https://millionrounds.com/portfolio-maps/zhenfund-edtech-portfolio)[Sector portfolio **ZhenFund's Consumer Apps portfolio** 12 startups · $309M](https://millionrounds.com/portfolio-maps/zhenfund-consumer-apps-portfolio)[Sector portfolio **ZhenFund's Internet portfolio** 11 startups · $420M](https://millionrounds.com/portfolio-maps/zhenfund-internet-portfolio) ## Raising from investors like ZhenFund? 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