ZhenFund

ZhenFund is a venture capital firm established in 2011 by Bob Xu and Victor Wang, in collaboration with Sequoia Capital China. Based in Beijing, with additional offices in Shenzhen, Shanghai, and Silicon Valley, ZhenFund focuses on seed stage investments and has over $1 billion under management. The firm primarily targets sectors such as e-commerce, education, artificial intelligence, mobile internet, and healthcare. Its portfolio includes over 750 high-growth companies, highlighting its significant presence in China’s early-stage venture capital landscape. Notable investments include companies like OFO, VIPKID, and Hero Entertainment. ZhenFund aims to support and inspire the next generation of global entrepreneurs, leveraging the founders' extensive experience in the education sector and successful investment track records.

Anna Fang

Founding Partner and CEO

Wei Kuang

Principal

Yuan Liu

Partner

Tianyi Qin

Principal

Yuguang Sun

Investment Associate

Lulu Sun

VP

Victor Wang

Co-Founder

Debbie Wang

VP

Terry Wang

Venture Partner

Bob Xiaoping Xu

Founding Partner

Fangzhou Yao

Managing Director

Li Yi

Investment Associate

Emma Yin

Partner

Meng Yuan

Investment Associate

Yazhe Zhang

Board Member, Partner and Director

Zhaoyu Zheng

Partner

Past deals in Education

61Draw.com

Series B in 2020
Art Class is a children's classroom teaching service provider. The teaching and research team draws on the cutting-edge education concept of the front and the back at home and abroad, and conducts field research in 32 first-tier cities, combined with the test results of hundreds of real-life experiences of the family, to develop a child-friendly nature. Course outline and teaching methods. For the families of children aged 5~12 years old, we provide one-on-one after-school tutoring services for the four major artists in the country. Currently, Lala is mainly using a third-party platform for online instruction, choosing a fixed class and a fixed teacher, because continuity and stability are very important for students to learn skills and aesthetics. However, based on the actual needs of art teaching, painting will also develop its own live teaching system.

61Draw.com

Series B in 2019
Art Class is a children's classroom teaching service provider. The teaching and research team draws on the cutting-edge education concept of the front and the back at home and abroad, and conducts field research in 32 first-tier cities, combined with the test results of hundreds of real-life experiences of the family, to develop a child-friendly nature. Course outline and teaching methods. For the families of children aged 5~12 years old, we provide one-on-one after-school tutoring services for the four major artists in the country. Currently, Lala is mainly using a third-party platform for online instruction, choosing a fixed class and a fixed teacher, because continuity and stability are very important for students to learn skills and aesthetics. However, based on the actual needs of art teaching, painting will also develop its own live teaching system.

Hixiaowo

Angel Round in 2019
Xiao Xiaoyun is a Go teaching and training company affiliated to Xi'an Xiaoxiaowei Education Technology Co., Ltd.

Boniaohuiben

Seed Round in 2018
An Education Platform based in Hangzhou,China.

Fangti.com

Seed Round in 2018
Fangti.com is an online language education training platform founded in 2017 and based in Beijing, China. The company focuses on providing language learning services through digital means, catering to individuals seeking to enhance their language skills. By leveraging technology, Fangti.com aims to make language education more accessible and efficient for its users.

Koala Reading

Series A in 2018
Koala Reading is a children's reading app platform. Koala Reading created a quantified Chinese graded reading standard (ER Framework), which can be used to evaluate the reading difficulty of any text in Chinese. Also, the app helps schools create digital libraries and connect student reading level tests with offline reading behavior. Xiangyue Education Technology is the developer of Koala Reading.

Jerry Education

Series A in 2018
Jerry school, an institution which is training primary and secondary school-based students, was set up by Zhang Jiancheng and his professional team. Zhang graduated from the School of Foreign Studies in Peking University, and now he is a famous basic English education expert, the expert of domestic examination, the chairman and president of Beijing Jierui Tianxia Educational Technology. Co., Ltd., as well. The school was established in August 2004. Since its inception, it has won a good reputation in the majority of students and parents. This is totally due to a professional and dedicated team of teachers, the strict teaching management system, a unique method of teaching, individualized tutoring, one-to-one tracking service system and the ideal learning effect. In the development process of Jerry School, each branch adopts unified brand and unified teaching management system, a unified teaching service, unified teacher deployment, unified system textbooks, unified standard lectures, unified complaints system, so as to provide a higher level of service for each participant and parent. In the early days, Jerry School has opened a number of accessible channels of communication and established the Headmaster's office to ensure that complaints can be replied promptly. The goal which shows the quality service of Jerry School is to make every student and parent satisfied. The school also participated in some renowned nationwide large-scale activities, such as China Youth English All-Round Talent Show Activities which is sponsored by China National Committee For the Wellbeing of the Youth, and Flying Red Scarf - National Children's Comprehensive Quality Display Show Activities sponsored by Chinese Young Pioneers Business Development Center. Currently, there are nearly 1,000 employees working in Jerry School, and more than 50 branch schools has been set up in Beijing. By the year of 2014, nearly 263,423 talented students have been trained in all. Each year, tens of thousands of students (more than 3,000 classes) learn in Jerry School. Today, Jerry School has developed into an educational institution of primary and secondary school which is involved in English, mathematics, physics, chemistry, art, studying abroad and other brands, and in the meantime it has owned a number of development platforms, such as the basic education system, educational research and development system, studying abroad system, pre-school education system, and it has already been large educational institutions which consists of the set of education and training, research and development of education, book publishing, one-to-one tracking service, nationality Study Tour and so on.

Qingbei

Seed Round in 2018
Qingbei provides tutorials and subject counseling for elementary school students and junior high school students. Qingbei was acquired by ByteDance.

ToDoEDU

Seed Round in 2018
ToDoEDU is an online education platform based in Beijing, China, specializing in English language training, particularly for IELTS and TOEFL preparation. Founded in early 2018 by Liu Wei, known as the "IELTS Queen," the company has rapidly developed into a prominent brand in the online English proficiency testing sector. With a team of experienced experts from both the education and internet industries, ToDoEDU emphasizes high-quality course design, innovative product development, and strong teacher capabilities. The company's focus on intellectual property further enhances its competitive edge in the rapidly evolving education market.

61Draw.com

Series A in 2018
Art Class is a children's classroom teaching service provider. The teaching and research team draws on the cutting-edge education concept of the front and the back at home and abroad, and conducts field research in 32 first-tier cities, combined with the test results of hundreds of real-life experiences of the family, to develop a child-friendly nature. Course outline and teaching methods. For the families of children aged 5~12 years old, we provide one-on-one after-school tutoring services for the four major artists in the country. Currently, Lala is mainly using a third-party platform for online instruction, choosing a fixed class and a fixed teacher, because continuity and stability are very important for students to learn skills and aesthetics. However, based on the actual needs of art teaching, painting will also develop its own live teaching system.

Hualuogengshuxue

Angel Round in 2018
An Education Platform based in Beijing.

Magic Ears

Series A in 2018
With innovative technology and qualified native English speaking teachers from America and Europe, Magic Ears provides 5-12-year-old children in China a natural and efficient online English learning experience, which allows teachers to focus on teaching English in a pleasant environment.

VipCode

Series A in 2018
VipCode Education and Technology Co., Ltd. is an online platform based in Beijing, China, that specializes in providing programming education services for children and teenagers aged 6 to 18. The platform offers a diverse range of interactive courses, including live classes in Python programming, artificial intelligence, game programming, drone and robot programming, and app development. These courses are designed to engage students through hands-on learning experiences, enabling them to independently create their own computer applications. Additionally, VipCode provides counseling services to support the educational journey of its young learners. The company's offerings cater to students in elementary, junior high, and high school, focusing on making programming accessible and enjoyable.

Xiaoyang Edu

Series A in 2018
Beijing Xiaoyang Education Technology Co., Ltd. engages in primary and secondary school wisdom campus and education cloud services. It offers education, teaching and curriculum reform, use internationally leading cloud computing and big data technology to serve primary and secondary schools, and regional education bureaus, and schools and teachers improve education management and teaching level. The company was founded in 2017 and is based in Haidian, China.

Qingbei

Seed Round in 2018
Qingbei provides tutorials and subject counseling for elementary school students and junior high school students. Qingbei was acquired by ByteDance.

AltSchool Inc.

Venture Round in 2018
AltSchool Inc. operates a network of personalized learning schools for students from pre-kindergarten to 8th grade, focusing on adapting education to meet the unique needs of each child. Founded in 2013 and headquartered in San Francisco, California, the institution combines the expertise of educators, technologists, and entrepreneurs to create an educational environment that is responsive to students, families, and local communities. The schools utilize a tailored curriculum and a collaborative platform that fosters a greater impact on education by connecting individual institutions within the network.

Xiaoyang Edu

Series A in 2018
Beijing Xiaoyang Education Technology Co., Ltd. engages in primary and secondary school wisdom campus and education cloud services. It offers education, teaching and curriculum reform, use internationally leading cloud computing and big data technology to serve primary and secondary schools, and regional education bureaus, and schools and teachers improve education management and teaching level. The company was founded in 2017 and is based in Haidian, China.

Koala Reading

Series A in 2017
Koala Reading is a children's reading app platform. Koala Reading created a quantified Chinese graded reading standard (ER Framework), which can be used to evaluate the reading difficulty of any text in Chinese. Also, the app helps schools create digital libraries and connect student reading level tests with offline reading behavior. Xiangyue Education Technology is the developer of Koala Reading.
Yuedong Meiyue (Beijing) Education Technology Co., Ltd. is a private company based in Beijing, China, specializing in online one-on-one piano lessons. The company focuses on delivering piano education to children aged 4 to 15 years, offering tailored courses that cater to the developmental needs of young learners. Through its online platform, Yuedong Meiyue aims to enhance children's musical skills in a convenient and engaging manner.
The Art Life Education & Technology Group promotes the development of quality education for children aged 3-12.
The Art Life Education & Technology Group promotes the development of quality education for children aged 3-12.

Xiaobu

Seed Round in 2017
Beijing Xiaobu Dacheng Technology Co., Ltd. is a technology company based in China that specializes in online home education solutions for parents of children aged 0 to 6 years. The company offers a range of services, including parenting advice and early childhood education plans, aimed at assisting parents in fostering their children's development during the formative years.

Tuanjian Duizhang

Series B in 2017
A Education Platform based in Shanghai,China.

Duia

Series B in 2017
Beijing Duia Online Education Technology Co., Ltd. provides online education services and is based in China.

Koala Reading

Series A in 2017
Koala Reading is a children's reading app platform. Koala Reading created a quantified Chinese graded reading standard (ER Framework), which can be used to evaluate the reading difficulty of any text in Chinese. Also, the app helps schools create digital libraries and connect student reading level tests with offline reading behavior. Xiangyue Education Technology is the developer of Koala Reading.

Magic Ears

Seed Round in 2017
With innovative technology and qualified native English speaking teachers from America and Europe, Magic Ears provides 5-12-year-old children in China a natural and efficient online English learning experience, which allows teachers to focus on teaching English in a pleasant environment.

61Draw.com

Seed Round in 2017
Art Class is a children's classroom teaching service provider. The teaching and research team draws on the cutting-edge education concept of the front and the back at home and abroad, and conducts field research in 32 first-tier cities, combined with the test results of hundreds of real-life experiences of the family, to develop a child-friendly nature. Course outline and teaching methods. For the families of children aged 5~12 years old, we provide one-on-one after-school tutoring services for the four major artists in the country. Currently, Lala is mainly using a third-party platform for online instruction, choosing a fixed class and a fixed teacher, because continuity and stability are very important for students to learn skills and aesthetics. However, based on the actual needs of art teaching, painting will also develop its own live teaching system.

Vidcode

Seed Round in 2017
Vidcode is an award-winning software that teaches students computer programming through their favorite hobby: video-making. Project-oriented lessons allow students to create memes, video filters, interactive games, virtual reality and beyond with real programming languages. Vidcode offers full semester coding courses that prepare students for AP CS. Voted Best Learning Site 2015 by Common Sense Media

Captain Science

Series B in 2017
Developer of science focused educational content for Chinese children. The company provides both online and offline educational material that promotes science learning for children between 3 and 12 years of age, which covers topics of astronomy, geography, biology, oceanography, and planets, enabling children to broaden their scientific knowledge.

Koala Reading

Seed Round in 2016
Koala Reading is a children's reading app platform. Koala Reading created a quantified Chinese graded reading standard (ER Framework), which can be used to evaluate the reading difficulty of any text in Chinese. Also, the app helps schools create digital libraries and connect student reading level tests with offline reading behavior. Xiangyue Education Technology is the developer of Koala Reading.

Jumpcut

Seed Round in 2016
Jumpcut, Inc. is an online education company based in Hollywood, California, founded in 2014. It specializes in creating engaging courses focused on content creation, including topics such as comedy, viral marketing, vlogging, and brand deals. Jumpcut's approach aims to address the high dropout rates associated with online education; its courses boast a completion rate of 65%, significantly higher than the industry average. This success is attributed to the company's use of entertainment industry best practices, making learning more captivating for users. Additionally, Jumpcut has a strong retention rate, with 90% of subscribers choosing to renew their monthly subscriptions.

VIPKid

Series C in 2016
VIPKid is an education technology company that provides an online platform for English language learning, connecting Chinese children with North American teachers. Established in 2013 and launched in 2014, VIPKid aims to offer an immersive American elementary school experience remotely, enabling students from various regions in China to learn English and gain a broader understanding of the world. The platform supports personalized learning by matching over 500,000 students with more than 60,000 teachers, fostering cultural exchange and a passion for lifelong learning. VIPKid's mission emphasizes the uniqueness of each student and the importance of tailored educational experiences.

Chazuo MBA

Seed Round in 2016
Provider of professional education and training services for corporate clients. The company provides online and in-person training services with top lecturers in the industry, enabling enterprises to grow their value.

VIPKid

Venture Round in 2016
VIPKid is an education technology company that provides an online platform for English language learning, connecting Chinese children with North American teachers. Established in 2013 and launched in 2014, VIPKid aims to offer an immersive American elementary school experience remotely, enabling students from various regions in China to learn English and gain a broader understanding of the world. The platform supports personalized learning by matching over 500,000 students with more than 60,000 teachers, fostering cultural exchange and a passion for lifelong learning. VIPKid's mission emphasizes the uniqueness of each student and the importance of tailored educational experiences.

MakeSchool

Seed Round in 2016
MakeSchool is an educational organization that offers a degree program designed to foster a direct connection between education and employment for high school graduates. It operates both online and offline platforms, providing essential services such as instructional support, curriculum development, and admissions assistance. By partnering with established universities, MakeSchool aims to create innovative college programs that remain relevant in today's economy. The organization focuses on enhancing accessibility to higher education for students from diverse backgrounds, ultimately preparing them for careers as software developers or startup founders.

Zhangtongjiayuan

Series B in 2015
Xiamen Shenzhou Eagle Software Technology Co., Ltd. is a high-tech enterprise specializing in R & D management platform, which was established on January 25, 2011 with a registered capital of 22.442 million.

Captain Science

Angel Round in 2015
Developer of science focused educational content for Chinese children. The company provides both online and offline educational material that promotes science learning for children between 3 and 12 years of age, which covers topics of astronomy, geography, biology, oceanography, and planets, enabling children to broaden their scientific knowledge.

Xiaoyang Edu

Seed Round in 2015
Beijing Xiaoyang Education Technology Co., Ltd. engages in primary and secondary school wisdom campus and education cloud services. It offers education, teaching and curriculum reform, use internationally leading cloud computing and big data technology to serve primary and secondary schools, and regional education bureaus, and schools and teachers improve education management and teaching level. The company was founded in 2017 and is based in Haidian, China.

Xiongying Education

Seed Round in 2015
Xiongying Education is a high-tech enterprise focusing on the informatization of the education industry. It engages in education consulting, examination training, and distance education technology development. The company was founded in 2004 and is headquartered in Beijing, China.

Xiongying Education

Seed Round in 2015
Xiongying Education is a high-tech enterprise focusing on the informatization of the education industry. It engages in education consulting, examination training, and distance education technology development. The company was founded in 2004 and is headquartered in Beijing, China.

Minerva

Series B in 2014
Minerva Project, Inc. is an innovative educational institution based in San Francisco, California, that offers undergraduate courses through Minerva Schools at KGI. Established in 2011, the institution focuses on preparing global leaders and innovators for the complexities of the 21st century by integrating pedagogy, curriculum, and class environments. Minerva emphasizes a liberal arts and sciences education while developing critical life skills, professional capabilities, and personal character. Additionally, the organization operates the Minerva Institute for Research and Scholarship, which provides scholarship and loan programs to support higher education.

Minerva

Series B in 2014
Minerva Project, Inc. is an innovative educational institution based in San Francisco, California, that offers undergraduate courses through Minerva Schools at KGI. Established in 2011, the institution focuses on preparing global leaders and innovators for the complexities of the 21st century by integrating pedagogy, curriculum, and class environments. Minerva emphasizes a liberal arts and sciences education while developing critical life skills, professional capabilities, and personal character. Additionally, the organization operates the Minerva Institute for Research and Scholarship, which provides scholarship and loan programs to support higher education.

Roborobo

Seed Round in 2014
ROBOROBO is Korea's largest provider of educational robot, the robot is South Korea's largest training school. Its innovative robot engineering from Seoul National University professor of design, was designated South Korea more than 1200 primary and secondary schools as well as kindergartens for technological equipment, every year 120,000 South Korean children learn the same period ROBOROBO robot programs.

Zhenpuedu Education

Series A in 2014
Zhenpuedu Education is a Beijing-based quality education company.

17zuoye

Series B in 2013
17zuoye is an online learning platform based in China that caters to K-12 students, teachers, and parents, with its name translating to "homework together." The platform focuses primarily on English and Math education, providing a multi-platform homework solution aligned with textbook curricula and enhanced by big data analytics. It offers teachers effective teaching tools and comprehensive statistics, while students access engaging learning applications and personalized adaptive content. Parents receive timely study reports to monitor their children's progress. Additionally, 17zuoye serves as a social network, featuring the largest real-name online teachers' forum and a WeChat community for parents, facilitating communication and collaboration within the educational ecosystem.

Youcan Sports

Seed Round in 2013
Beijing Youcan Yangguang Sports Culture Co., Ltd. operates Youcan Sports, a training organization based in China that specializes in basketball education. The company offers a unique program that combines basketball training with English language instruction, facilitated by foreign coaches. This approach not only enhances children's sports abilities but also fosters essential skills such as teamwork, communication, and self-confidence. Youcan Sports emphasizes high-quality tutoring and training, aiming to create a holistic educational experience through sports and international exchanges.

Zhangtongjiayuan

Series A in 2013
Xiamen Shenzhou Eagle Software Technology Co., Ltd. is a high-tech enterprise specializing in R & D management platform, which was established on January 25, 2011 with a registered capital of 22.442 million.

toWords

Angel Round in 2013
Operator of an online language training platform targeting youth. The company's online platform offers mock exams, homework, vocabulary learning, and performance evaluation, providing users with customized high-quality language learning experience.

Best Learning English

Venture Round in 2012
Best Learning English (贝乐学科英语) is an English training institution targeting on kids and teenagers. It has adopted the American K12 education system, and launched the major courses of "American kindergartens and American primary schools" by teachers who have internationally recognized certificates. Its adoption of American education system meets the standard of American Education Department. The courses offered stress the development of children's language ability and scientific thinking, as well as the cultivation of their leadership, team-work, the ability of critical thinking, and problems solving. They are aimed to help children to adapt to western educational perception by combining ability and knowledge subject.

Best Learning English

Seed Round in 2012
Best Learning English (贝乐学科英语) is an English training institution targeting on kids and teenagers. It has adopted the American K12 education system, and launched the major courses of "American kindergartens and American primary schools" by teachers who have internationally recognized certificates. Its adoption of American education system meets the standard of American Education Department. The courses offered stress the development of children's language ability and scientific thinking, as well as the cultivation of their leadership, team-work, the ability of critical thinking, and problems solving. They are aimed to help children to adapt to western educational perception by combining ability and knowledge subject.

51Talk

Seed Round in 2012
51Talk is an online english school providing one-to-one foreign language teaching services at a cost of 15 yuan per class. It has established inexpensive English learning based on the Internet.

51Talk

Angel Round in 2011
51Talk is an online english school providing one-to-one foreign language teaching services at a cost of 15 yuan per class. It has established inexpensive English learning based on the Internet.

17zuoye

Angel Round in 2011
17zuoye is an online learning platform based in China that caters to K-12 students, teachers, and parents, with its name translating to "homework together." The platform focuses primarily on English and Math education, providing a multi-platform homework solution aligned with textbook curricula and enhanced by big data analytics. It offers teachers effective teaching tools and comprehensive statistics, while students access engaging learning applications and personalized adaptive content. Parents receive timely study reports to monitor their children's progress. Additionally, 17zuoye serves as a social network, featuring the largest real-name online teachers' forum and a WeChat community for parents, facilitating communication and collaboration within the educational ecosystem.
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