|Description||China angel fund|
ZhenFund is an early stage seed fund that invests primarily in startups based in mainland China. The original ZhenFund was founded in 2006 when New Oriental co-founder Xu Xiaoping began making angel investments. In December 2011, he created a joint fund with Sequoia Capital China to expand his investment activities and the resources available to portfolio companies. To date, the new ZhenFund has invested over $16 million in around 55 startups.
The new ZhenFund is industry agnostic, but tends to focus on consumer internet, social networking, e-commerce, education, and entertainment sectors. The mission of ZhenFund is to support, educate, and inspire the next generation of Chinese entrepreneurs.