A
Anna Fang
FOUNDING PARTNER
All funds
crypto
crypto
crypto
crypto
crypto
crypto
out of scope
crypto
crypto
crypto
out of scope
ZhenFund
$84Tdisclosed portfolio round capital
1 Nov, 2023last investment
11portfolio companies
9team members
Analyst signals
Portfolio activity and matriculation
Metrics use all recorded activity through 21 Jul 2026 across seed, series a, token sale, unknown. Later-round outcomes are capped at the period end.
54.5%companies with a later round · 6/11
0.31×median round-size step-up · n=4
Not availablemedian valuation step-up · n=0
16.7%recorded-solo rate · 2 solo / 10 syndicated
Blockchain Platforms · 2 companiesPayments · 2 companiesFinance · 1 companies
These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.
People
Team
B
Bob Xiaoping Xu
FOUNDER
E
Emma Yin
PARTNER
F
Fangzhou Yao
MANAGING DIRECTOR
T
Tianjie Zhong
PRINCIPAL
T
Tianyi Qin
MANAGING DIRECTOR
V
Victor Qiang Wang
CO-FOUNDER
Y
Yuan Liu
MANAGING PARTNER
Y
Yusen Dai
MANAGING PARTNER
Portfolio
Investments
Full financing histories for portfolio companies. Highlighted rounds are those where ZhenFund is recorded as an investor.
Aspecta
Aspecta provides a blockchain infrastructure and open protocol for intelligent reputation attestation, community building, and price discovery for illiquid assets like pre-TGE shares, locked tokens, and RWAs. It aims to unlock lifecycle liquidity for these assets through its BuildKey framework, which standardizes them into ERC-20 credentials. The platform also features a Community Portal for users to engage, earn rewards, and gain exclusive access.
Babel Finance
Babel Finance aims to be the most prestigious institution in crypto finance, offering full crypto financial services.
iPeakoin
Stealth
Lino
Stealth
Logos Network
Blockchain Platforms
Logos Network is a blockchain network project with core node software, RPC tooling, wallet software, and node-explorer components.
Republic
Finance
Republic helps retail and institutional investors access private market investments in startups, crypto projects, real estate, and tokenized assets.
Unknown5 Aug, 2020$16T round
Unknown8 Jun, 2018$12T roundSyndicated · 4 disclosed investors
Stream
Payments
The Stream token project shut down in May 2018.
Tagomi
Uncategorized
Coinbase Prime is an institutional crypto prime-brokerage platform that unifies execution, financing, futures, custody, and staking.
ThunderCore
Blockchain Platforms
ThunderCore operates an EVM-compatible blockchain platform for building and deploying dApps. It provides low-cost, scalable network infrastructure, developer tools, staking, and resources for applications using tokens, NFTs, and play-to-earn mechanics.
TrustToken
Archblock is a decentralized alternatives marketplace built on TrueFi's open, transparent and immutable financial infrastructure.
WIBU189
Gaming
WIBU189 presents itself as an online digital gaming and entertainment platform promoting low-minimum-capital opportunities.