
ZhenFund (真格基金) is a leading Chinese venture capital firm, investing in early-stage startups across diverse industries, including AI, robotics, healthcare, and finance; based in Beijing, Shanghai, and Shenzhen, they back visionary entrepreneurs with bold visions, offering swift execution, supportive relationships, and innovative initiatives like TrueCamp and ZhenCampus.
ZhenFund (真格基金) is a prominent Chinese venture capital firm dedicated to early-stage investments across multiple industries. Originating in China, ZhenFund has been at the forefront of supporting startups for over a decade. The firm is inspired by visionary entrepreneurs who aim to reshape the future and has a strong history of impactful investments that underscore this mission.
Since its inception by Bob Xiaoping Xu, who has consistently featured on Forbes Magazine’s Midas List for five consecutive years and was globally ranked #11 in 2019, ZhenFund has built a rich legacy. The firm is co-led by Anna Fang, CEO and Founding Partner, who has also appeared on the Forbes Midas List for five years and achieved the #12 ranking overall in 2022, standing out as the highest-ranked woman.
The fund has backed revolutionary startups such as Red, Nuro, XtalPi, Momenta, SmartMore, and AutoX, spanning sectors from AI and robotics to healthcare and finance. Many portfolio companies have successfully gone public, marking a significant achievement for the investments made by ZhenFund. These companies include Hesai Technology, Ehang, Waterdrop, Yatsen, Tiger Brokers, Niu Technologies, LightInTheBox, 51Talk, Ucommune, Jumei International, and Jiayuan.com.
ZhenFund's philosophy centers around nurturing founders with bold visions and unwavering determination. The firm believes core entrepreneurial skills can only be acquired from hands-on experience. The ethos of ZhenFund emphasizes swift execution over perfection, a resilient mindset for incremental and significant success, and a commitment to continuous learning and evolution.
Among its notable initiatives, TrueCamp (真驿站) aims to create synergy among emerging entrepreneurs, providing an immersive experience into China's startup culture. ZhenCampus, another noteworthy program, facilitates knowledge sharing and networking among university students who are potential entrepreneurs. TrueSummer offers scholarships to support young entrepreneurs in launching their ventures during the summer.
ZhenFund prides itself on a supportive yet unobtrusive relationship with founders, offering quick decision-making, friendly terms, and genuine support. They advocate for a partnership approach rather than prescriptive guidance, aiming to stand firmly with innovators in their journey to predict and create the future.
As a testament to their enduring commitment, ZhenFund has made significant contributions to open-source AI projects like vLLM and ControlNet. This reflects their enduring support for cutting-edge technology and entrepreneurial spirit.
For those interested in pitching business plans or seeking collaboration, ZhenFund remains accessible through various dedicated channels such as dream@zhenfund.com for general submissions, and prompt@zhenfund.com for AI-related projects. The ZhenFund offices are located in Beijing, Shanghai, and Shenzhen, engaging actively with the entrepreneurial community at multiple levels.

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