真格基金

ZhenFund

天使机构LP

Investment focus

ZhenFund backs exceptional, often young founders with "zero-to-one" ambition at the seed and angel stage, prioritizing speed, technical capability, and founder support over directive guidance. Industry-agnostic but concentrated in AI, robotics, healthcare, enterprise software, consumer, and fintech.

Founded2011

HQ北京

Stages种子 · 天使 · A轮

Check size$2.5M–$15M (typically ~$5M)

Total deals1,123

Sectors

SNS社交网络移动互联网体育运动房产服务工具软件广告营销汽车交通本地生活电子商务医疗健康文化娱乐企业服务TMT物联网农业旅游金融硬件游戏教育物流

Notable portfolio

小红书 (Xiaohongshu)Momenta禾赛科技 (Hesai Tech)亿航 EHangVIPKid牛电科技 (Niu Technologies)晶泰科技 (XtalPi)Manus (蝴蝶效应)

Recent activity (2025–26)

Manus (蝴蝶效应 / Butterfly Effect) — seed-stage investor; ZhenFund's 2025 retrospective cited ~200x returns before Meta's late-2025 acquisition
未来不远 (Future is Near) — home general-purpose robotics; RMB 200M angel round (2025), ZhenFund-incubated
Pollo.AI — participated in $14M seed round (2025)

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