ZhenFund is a venture capital firm that invests in early-stage startups. The firm focuses on supporting visionary entrepreneurs and innovative technology companies.

ZhenFund

ZhenFund is a Chinese venture capital firm focusing on early-stage investments across multiple sectors. We are inspired by visionary entrepreneurs and appreciate the opportunity to stand beside them to reimagine the future.

For the past decade, ZhenFund has backed bold startups including RED, Nuro, XtalPi, Momenta, SmartMore, and AutoX. A significant number of our portfolio companies have gone public, including Hesai Technology, EHang, Waterdrop, Yatsen, Tiger Brokers, Niu Technologies, LightInTheBox, 51Talk, Ucommune, Jumei International, and Jiayuan.com.

Bob Xiaoping Xu, ZhenFund’s founder, has been on Forbes Magazine’s Midas List for five consecutive years. In 2019, he was ranked #11 in the world. ZhenFund’s CEO and founding partner, Anna Fang, has also spent five years on Forbes’ Midas List and in 2022, was not only ranked #12 overall, she was also the #1 woman on the list. That same year, she headed Forbes’ inaugural Midas Seed List for building “the world’s best seed-stage startup portfolio.”

ZhenFund’s managing partner, Yusen Dai, co-founded Jumei International and led the company's growth from its earliest stages to IPO. Most of ZhenFund's investment team members also have firsthand experience in startup operations.

Headquartered in Beijing, China, ZhenFund also has offices in Shanghai and Shenzhen.

Yatsen Holding

Niu Technologies

nWay

Tagomi

Tiger Brokers

Ucommune

Securly

Waterdrop

Jumei

Ehang

17zuoye

Ke.com

EverString

ZhenFund 真格基金

Decide Your Ownership Structure Right from the Start! 🔑 Effective decision-making and strong governance begin with choosing the right ownership structure. Here are seven ownership structures that can help you divide shares without dividing control!
Credit to a book by Liwei Li: <A book on understanding Ownership Structure>

#OwnershipStructure #ZhenFund #EquityDistribution #Insight #Decision #Buisness #Book

Reflecting on our #ZhenCampus launched at Fudan University in Shanghai! 🌹
👏 We had an insightful session featuring distinguished guests, Yuan Liu (Partner of ZhenFund), Haonan Yu (Investment Analyst of ZhenFund) and Jianyi Zhu (CEO of Yahaha Studios), sharing their real-world lessons about the highs and lows of startup journey, navigating the pitfalls of student entrepreneurship.🚢
It's clear that every participant has uncovered their own answers. 💡 From navigating the startup landscape to crafting compelling business plans, the event was filled with invaluable insights. 💐
Here's to the journey ahead! 🍻
#ZhenFund #ZhenCampus #ZhenFamily #Entrepreneurship #Investment #Startup #Journey #Innovation #FudanUniversity

📰 Recently, the industry salon #ZhenCraft - Consumer Electronics Roundtable was held in Shenzhen. Our event brought together over 60 seasoned practitioners boasting extensive experience in the dynamic realm of consumer electronics.💡

#ZhenCraft aims to help potential entrepreneurs with senior industry experience as well as early-stage entrepreneurs gain a deeper understanding of industry trends. ZhenCraft offers the opportunity to discover cutting-edge business opportunities and forge like-minded entrepreneurial partnerships. In ZhenCraft, you will hear from leading figures in vertical industry technology sharing, cutting-edge technology, and forward-looking insights.  and have in-depth communication and discussions with ZhenFund investors and technology industry partners.

#ZhenCraft #ZhenFund #Salon #VC #Consumer #Electronics #Investment #Roundtable

🌟Last week, we had Yuan Liu, our partner who has been an integral part of ZhenFund for the past decade, as the distinguished speaker at our #ZhenSeminar✨
Yuan's portfolio at Zhenfund encompasses a wide range of industries. During the seminar, Yuan delved into his personal and professional journey, offering invaluable lessons gained from his decade-long tenure. His insights resonated deeply with ZhenInterns, offering them invaluable guidance as they embark on their careers. 📒
Thanks to Yuan for his share! Let's eagerly anticipate our next #ZhenSeminar!

#ZhenFund #ZhenSeminar #Investment #CareerDevelopment #VentureCapital #Seminar #LifeExperience #VC

It's #ZhenIntern bonding time! This year, we gathered in Beijing for some chill moments after work, indulging in delicious fruits, and creating memories to cherish. 🍾️
As always, we encouraged our current interns to bring peers along and welcomed back former interns for a long-awaited reunion. 🙌 It's inspiring to see how each of us brings something unique to the table! 🥰
And, of course, shout out to our organizers for making such a rad day. Big love to our intern squad for being the coolest bunch around! Let's keep this energy going and make the most of every moment together. ❣️
#Zhenfund #ZhenIntern #ZhenFamily #InternLife #TeamBonding #WorkHardPlayHard

We're thrilled to have Feng He, Chief Operating Officer and Co-founder of MyTherapist, to speak at our recent #ZhenSeminar! 👏 MyTherapist is a one-stop mental health service platform, offering comprehensive services in 117 cities worldwide and impacting over a million lives through psychological counseling.

Kudos to Feng for such an engaging session! 🎉 This is just one of the episodes of our #ZhenSeminar, which serves as an exclusive lecture series for our interns to connect with #ZhenFund mentors and founders of our portfolio companies. We eagerly anticipate more insightful sessions in the future!

#ZhenFund #ZhenSeminar #Investment #CareerDevelopment #Psychology #Counseling #ServicePlatform

Metric
Company Name	ZhenFund
Symbol
MSH ID	COM:ZHENFUND:EN
Market	PRIVATE
Sector	Financial Services & Finance
Industry	Venture Capital
Country	CN
Stage
Employee Count	280
Website	en.zhenfund.com
LinkedIn	zhenfund
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	2.64K
Web Traffic Growth	-0.69
Valuation
Raised Capital

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

COM:ZHENFUND:EN

ZhenFund

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue