Portfolio map · VC firm · China

ZhenFund portfolio map

117 startups ZhenFund has backed in rounds we track, since 2012, grouped by their main sector. Together they have raised $4.8B. The biggest sector is AI, with 22 companies.

117startups backed
12sectors
$4.8Braised between them
AIbiggest sector

ZhenFund's investor profile

AI

22

Edtech

15

Consumer Apps

13

Internet

12

IT Services

10

E-commerce

9

Entertainment

7

Fintech

7

Biotech

7

Web3 & Crypto

6

Gaming

5

Foodtech

4

Segment by segment

AI

22 startups · $2.0B raised

  1. Cornerstone RoboticsCornerstone Robotics is a Hong Kong-based medical robotics company founded in 2019.Hong Kong SAR China$970M
  2. EnflameEnflame, officially known as Shanghai Enflame Technology Co., Ltd., is a Chinese AI semiconductor company based in Shanghai.China$274M
  3. Moffett AIMoffett.AI, founded in 2018, is a sparse computing company that specializes in designing AI accelerator chips and next-generation China$150M
  4. XbiomeXbiome is a developer of microbial pharmaceuticals designed to treat microecological intestinal disorders.China$100M
  5. Advance Intelligence GroupFounded in 2016, Advance Intelligence Group is an AI-native financial and data platform, enabling easy and fair access to financiaSingapore$80M
  6. MAManus AIChina$75M
  7. ValidereValidere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable.Canada$50M
  8. HPC-AI TechnologyHPC-AI Technology provides a cloud-based platform to enhance AI computations by increasing CPU and GPU processing speeds.Singapore$50M

Edtech

15 startups · $256M raised

  1. ZZhangtongjiayuanZhang Tong Jia Yuan is a high-tech enterprise specializing in R & D management platform.China$115M
  2. DuiaDuia is an education enterprise for online live learning.-$28M
  3. XEXiaoyang EduXiaoyang Edu is an education company that offers smart education services.China$22M
  4. SecurlySecurly is a student safety platform that designs for cyber compliance services.United States$21M
  5. Koala ReadingKoala Reading is a children's reading app platform.China$20M
  6. Magic EarsMagic Ears provides online immersive English language education to children in China.-$19M
  7. Best Learning EnglishBest Learning English is a full immersion English training institute established in 2008 in China.China$16M
  8. Minerva ProjectMinerva Project is designed to prepare students for leadership and innovation, combining liberal arts and sciences curriculum.United States$3.1M

Consumer Apps

13 startups · $435M raised

  1. LSLuoji SiweiLuoji Siwei, a China-based talk show, provides a mobile app which allows users to subscribe to learn from key opinion leaders (KOL-$142M
  2. LLLoji LogisticsLoji is a logistics app that uses Big Data to optimize delivery opportunities for truck drivers in China.-$126M
  3. LaiyeLaiye, also known as Laiye Technology, is a Beijing-based software company founded in 2015.China$74M
  4. Apricot Forest杏树林(Apricot Forest),全称杏树林信息技术(北京)有限公司,成立于2011年,是一家位于北京的互联网医疗企业。公司专注于为医学专业人士开发移动应用和提供创新的医患一体化服务平台,旨在提升医生的工作效率和医疗体系的整体效能。杏树林的名称源于晋代名China$32M
  5. LLOOKChina$24M
  6. DelectableDelectable is a critically-acclaimed mobile app that helps users find, buy, learn, record and share wines worth rememberingUnited States$10M
  7. HabbyHabby is a mobile game publisher looking to publish iOS and Android titles globally.-$6.5M
  8. Xiaodakaxiaodaka is a community and social platform from China that focuses on interest-based interactions.China$5.1M

Internet

12 startups · $620M raised

  1. Club FactoryClub Factory is a cross-border e-commerce marketplace based in Hangzhou, China.China$200M
  2. XXiaoquleXiaoqule is an e-commerce platform that offers apparels, footwear, beauty products, mobile phones, and computer accessories.China$108M
  3. TOGOTogo ayuda a restaurantes, tiendas, minimarkets y comercios a automatizar la atención y gestionar pedidos mediante WhatsApp.China$90M
  4. TGThe Good StuffChina$70M
  5. XXiangwushuoXiangwushuo is an online platform intended to offer services related to second-hand goods sharing.China$65M
  6. FWFerris Wheel TicketingChina$40M
  7. ErgengEr Geng is a Chinese media startup.China$19M
  8. KapwingKapwing is a cloud-native video creation and editing platform based in San Francisco, founded in 2017 by Julia Enthoven and Eric LUnited States$13M

IT Services

10 startups · $120M raised

  1. MenusifuMenuSifu is a North American SaaS company founded in 2013 and based in New York City.United States$43M
  2. Meican美餐 (Meican) is a prominent corporate catering platform in China, established in 2011 and operating under Beijing Qingsong Meican TChina$33M
  3. Moying RoboticsMoying Robotics is an enterprise that focuses on the development of mobile collaborative robots and application integration systems.-$14M
  4. ImageDTImageDT, also known as Guangzhou Tujiang Data Technology Co., Ltd., is an AI business service provider based in Guangzhou, founded in 2016.China$10M
  5. Leiphone.comLeiphone.com is a technology information service platform that offers media content in a digital format.-$7.6M
  6. Yongan OnlineYongan Online, officially known as Shenzhen Yongan Online Technology Co., Ltd., is a cybersecurity company based in Shenzhen, China.China$5.6M
  7. MailTimeMailTime is a mobile email-messaging company that aims to simplify email communication by transforming it into a chat-style experience.United States$3.2M
  8. DBDIYI BOXDIYI BOX provides solutions for various express delivery methods.-$2.9M

E-commerce

9 startups · $562M raised

  1. XiaohongshuXiaohongshu, also known as RedNote or Little Red Book, is a prominent Chinese social networking and e-commerce platform founded inChina$318M
  2. IInagoraInagora is an e-commerce site that provides cross-border e-commerce, content creation, marketing, logistics, and payment services.China$116M
  3. SSnowplusChina$42M
  4. HugepodHugePOD is a print-on-demand, dropshipping, and wholesale service specializing in apparel and fashion-related ecommerce.China$40M
  5. KuanduoduoKuanduoduo is a quanduo supply chain platform.-$24M
  6. FFuliaoyiFuliaoyi is a SaaS-based platform that provides supply chain management solutions for the textile industry.China$15M
  7. DDaheziDahezi is an e-commerce platform for women's wear.-$3.0M
  8. CXChaoneng XiaoheiChaoneng Xiaohei is a pet fresh grain e-commerce provider-$3.0M

Entertainment

7 startups · $88M raised

  1. CastBoxCastbox is a global spoken audio platform founded in 2016 and based in Hong Kong, with additional offices in San Francisco and Beijing.United States$45M
  2. SLShanghai Lihuh Network TechnologyShanghai Lihuh Network Technology is a video platform operator.-$20M
  3. BOLOÓbolo is a facility management firm that provides cleaning, maintenance, and hospital services for private companies and public entities.-$15M
  4. ahaschoolAhaschool is a company based out of 浦东新区龙阳路2277号一层101(汽车博物馆)-14室, 上海, 上海, China.United States$4.4M
  5. PrizeoPrizeo is a leading online sweepstakes-for-good platform that mobilizes celebrity fan bases by offering the chance to “give small United States$2.5M
  6. SStartorStartor is a Media & Entertainment company.-$1.5M
  7. DKDawei KejiDawei Keji is a network game developer company.China$436K

Fintech

7 startups · $294M raised

  1. AAdvance.aiSingapore$137M
  2. TBTiger BrokersChina$110M
  3. 991duobaoyu.comChina$13M
  4. RepublicCommunities need mapping tools that help them make decisions - that provide context and help communicate the information that matters.United States$12M
  5. iPeakoiniPeakoin is a Singapore-based digital banking platform that provides solutions such as cash flow and digital asset management for Singapore$10M
  6. CitconCITCON is a global mobile wallet payment provider and fintech platform that facilitates cross-border commerce by connecting busineUnited States$9.8M
  7. TransferEasyTransferEasy is an internet-based financial services company that offers remittance solutions for import and export businesses.-$3.0M

Biotech

7 startups · $215M raised

  1. SSpeeDxAustralia$122M
  2. 1S12 SigmaUnited States$30M
  3. Redesign ScienceRedesign Science is a biotechnology company based in New York that specializes in computational drug discovery.United States$17M
  4. Delonix BioworksDelonix Bioworks is a biotech company based in Shanghai, China, specializing in the development of genetically engineered bacterial vaccines.China$14M
  5. Abc clinic butlerAbc clinic butler is a smart clinic butler service provider.China$14M
  6. Meliora TherapeuticsMeliora Therapeutics is a biotechnology company based in San Francisco, founded in 2021.United States$11M
  7. Salus BioMedSalus Biomed, officially known as Shenzhen Salus Biomed Technology Co., Ltd., is a biotechnology company founded in October 2020 aChina$7.0M

Web3 & Crypto

6 startups · $78M raised

  1. ThunderCoreThunderCore is a high-performance public blockchain founded in 2017 in Silicon Valley by Chris Wang and researchers from Cornell University.United States$50M
  2. TrustTokenTrustToken is a financial company that provides reinventing financial infrastructure services.United States$20M
  3. KKoinifyKoinify provides a platform for game and app developer to crowdfund by issuing their own cryptocurrency.United States$2.5M
  4. DDDEXThe most user-friendly decentralized exchange for Ethereum-based tokens.-$2.1M
  5. HHashFishHashFish provides bitcoin mining software and services.-$1.8M
  6. NNinesealsNineseals is a Blockchain based company.-$1.5M

Gaming

5 startups · $118M raised

  1. NniceNICE is a smart and grip strength game and product developer.China$64M
  2. nWaynWay develops and publishes online mobile multiplayer games.United States$20M
  3. MedalMedal is a technology company that specializes in capturing, editing, and sharing short-form gaming content across various platforNetherlands$17M
  4. KDKaiheikeji DigitalKaiheikeji Digital is a Chinese online game sparring service platform.China$15M
  5. QXQianlong XinchengQianlong Xincheng provides fun and entertainment for the younger generation of game users.-$1.5M

Foodtech

4 startups · $38M raised

  1. CCChomp CloudChina$23M
  2. RTRamen talkRamen Talk produces ready-to-cook ramen with long-simmered broth and packaged noodles for home preparation.China$13M
  3. Shuangqi Beverage TechnologyShuangqi Beverage Technology is a beverage production company engaged in manufacturing ready-to-drink beverage products.-$1.6M
  4. VCLEANSEVCLEANSE is a healthy foods and lifestyle company dedicated to making delicious foods that help you renew, rejuvenate, and reach yChina$480K

How this map is made. Every startup here has raised money in a round we track that names ZhenFund as an investor, the first in 2012. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

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