Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Zhen Advisors, Ltd.

Zhen Advisors, Ltd.

Institutional venture firmGrand Caymanzhenfund.comSEC venture capital fund adviserfundraising evidenceone firm, 2 filing advisers

This firm files as 2 advisers on zhenfund.com: Zhen Advisors United States, Inc.. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

真格基金是由新东方联合创始人徐小平、王强和红杉资本中国在2011年联合创立的天使投资基金,旨在鼓励青年人创业、创新、创富、创造。新东方曾经为莘莘学子筑起出国深造的桥梁,真格基金希望能为海外学子搭建起归国创业的彩虹,侧重于但并不限于留学生创业。真格基金乐于帮助那些拥有具备国际意识、懂真格的青年人实现他们的创业梦想。真格基金专注于TMT行业,包括物联网、移动互联、游戏、企业软件、O2O、电子商务及教育培训等领域的种子期投资。

venture manager, reported GAV $2,134M across 22 vehicles

Importance
45
elevated
Active deployment
60
high
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
24
moderate
Identity and regulatory footprint
Headquarters
Grand Cayman, Cayman Islandsadviserinfo.sec.gov
Office address
C/O CO SERVICES CAYMAN LIMITED, WILLOW HOUSE, CRICKET SQUARE, Grand Cayman, KY1-1001adviserinfo.sec.gov
Business phone
345-749-2000adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 27, 2024
Private funds reported
22 (22 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$2.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
R&h Trust Co.(singapore) Pte. Limited (Trustee Of Best Love Charming Family Trust), F; Best Love Charming Family Trust (Shareholder Of Best Love Charming Limited), E; Best Love Charming Limited (Shareholder Of Zhen International Ltd.), E; Zhen International Ltd. (Member), E
business email
prompt@zhenfund.comzhenfund.compublished by the subject
business email
zhencampus@zhenfund.comzhenfund.compublished by the subject
business email
dream@zhenfund.comzhenfund.compublished by the subject
business email
media@zhenfund.comzhenfund.compublished by the subject
business phone
345-749-2000adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
ai, media
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
22 reported, 2 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Zhen Partners Fund VII, L.P.Fund2023 adv first reportedActive deployment$399M
Mar 27, 2024
55$0
of $400M
Feb 10, 2022
Zhen Fund Coxviii LLCFund2023 adv first reportedActive deployment$41,589
Mar 27, 2024
1unknownunknown
Zhen Fund Coxv LLCFund2022 adv first reportedActive deployment$5.4M
Mar 27, 2024
1unknownunknown
Zhen Fund Coxiv LLCFund2022 adv first reportedActive deployment$2.5M
Mar 27, 2024
1unknownunknown
Zhen Fund Coxiii LLCFund2022 adv first reportedActive deployment$2.1M
Mar 27, 2024
1unknownunknown
Zhen Fund Coxvi LLCFund2022 adv first reportedActive deployment$1.5M
Mar 27, 2024
2$0
of $2.0M
Nov 22, 2021
Zhen Partners Fund VI, L.P.Fund2021 adv first reportedMature$336M
Mar 27, 2024
38$0
of $250M
Mar 18, 2020
Zwco LLCFund2021 adv first reportedMature$37.1M
Mar 27, 2024
6unknownunknown
Zhen Fund Coxii LLCFund2021 adv first reportedMature$9.9M
Mar 27, 2024
1unknownunknown
Zhen Fund Coiv LLCFund2020 adv first reportedMature$32.9M
Mar 27, 2024
6$0
of $15.0M
Aug 9, 2019
Zhen Fund Coix LLCFund2020 form d first saleMature$16.9M
Mar 27, 2024
2$4.7M
of $4.7M
Mar 23, 2020
Zhen Fund Coviii LLCFund2020 adv first reportedMature$10.4M
Mar 27, 2024
1$0
of $4.0M
Nov 7, 2019
Zhen Fund Sp LLCFund2020 adv first reportedMature$5.6M
Mar 27, 2024
2$0
of $5.5M
Aug 9, 2019
Zhen Fund Covi LLCFund2020 adv first reportedMature$2.5M
Mar 27, 2024
4$0
of $2.0M
Sep 3, 2019
Zhen Fund Coii LLCFund2019 adv first reportedMature$32.1M
Mar 27, 2024
8$0
of $10.0M
Jan 17, 2019
Zhen Fund Covii LLCFund2019 form d first saleMature$5.4M
Mar 27, 2024
3$3.5M
of $3.5M
Oct 8, 2019
Zhen Fund Coi LLCFund2019 adv first reportedMature$453,829
Mar 27, 2024
1unknownunknown
Zhen Partners Fund III, L.P.Fund2014 form d first saleHarvest$213M
Mar 27, 2024
8$100M
of $100M
Jan 7, 2015
Zhen Partners Fund IV, L.P.FundunknownUnknown$485M
Mar 27, 2024
23$0
of $150M
Dec 29, 2015
Zhen Partners Fund I, L.P.FundunknownUnknown$273M
Mar 27, 2024
2$0Jan 10, 2012
Zhen Partners Fund II, L.P.FundunknownUnknown$265M
Mar 27, 2024
3unknownunknown
Zhen Partners Fund VIII-A, L.P.Feeder or parallelunknownFundraisingunknownunknown$0
of $299M
Apr 16, 2026
Zhen Fund Cov LLCFund2020 adv first reportedWound down$55,989
Mar 28, 2022
2unknownunknown
Zhen Fund Coiii LLCFund2019 adv first reportedWound down$355,000
Mar 28, 2022
1unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
9 current, 3 departed
3 departed (kept with end dates)
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
37 dated events
  1. Mar 27, 2026
    Natisha Nicole Ramroop (Director) no longer on Schedule A of Zhen Advisors, Ltd.
  2. Mar 1, 2024
    Qiang Wang joined Schedule A of Zhen Advisors, Ltd. as Partner
  3. Mar 1, 2024
    Anna Ai Fang joined Schedule A of Zhen Advisors, Ltd. as Partner
  4. Mar 1, 2024
    Yusen Dai joined Schedule A of Zhen Advisors, Ltd. as Partner
  5. Sep 18, 2023
    Zhen Fund Coxviii LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $7,340,019
  6. Sep 18, 2023
    Zhen Partners Fund V, L.P. first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $531,908,144
  7. Mar 28, 2023
    Zhen Fund Coiii LLC no longer reported on Form ADV by Zhen Advisors, Ltd.
  8. Mar 28, 2023
    Zhen Partners Fund VII, L.P. first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $392,554,992
  9. Mar 28, 2023
    Zhen Fund Cov LLC no longer reported on Form ADV by Zhen Advisors, Ltd.
  10. Mar 28, 2022
    Zhen Fund Coxv LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $5,069,211
  11. Mar 28, 2022
    Zhen Fund Coxvi LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $2,094,423
  12. Mar 28, 2022
    Zhen Fund Coxiii LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $2,166,862
  13. Mar 28, 2022
    Zhen Fund Coxiv LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $5,076,342
  14. Mar 29, 2021
    Zhen Fund Coxii LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $1,973,694
  15. Mar 29, 2021
    Zhen Partners Fund VI, L.P. first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $259,847,033
  16. Mar 29, 2021
    Zhen Fund Coix LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $8,204,754
  17. Mar 29, 2021
    Zwco LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $23,895,811
  18. Mar 29, 2020
    Zhen Fund Coviii LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $4,056,957
  19. Mar 29, 2020
    Waishan Wong (Director) no longer on Schedule A of Zhen Advisors, Ltd.
  20. Mar 29, 2020
    Zhen Fund Covi LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $2,181,702
  21. Mar 29, 2020
    Zhen Fund Covii LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $3,790,107
  22. Mar 29, 2020
    Zhen Fund Coiv LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $35,033,362
  23. Mar 29, 2020
    Zhen Fund Cov LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $18,302,791
  24. Mar 29, 2020
    Zhen Fund Sp LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $5,595,737
  25. Jan 1, 2020
    Natisha Nicole Ramroop joined Schedule A of Zhen Advisors, Ltd. as Director
  26. Mar 29, 2019
    Dawn Marie Cummings (Director) no longer on Schedule A of Zhen Advisors, Ltd.
  27. Mar 29, 2019
    Zhen Fund Coii LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $9,855,151
  28. Mar 29, 2019
    Zhen Fund Coiii LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $3,674,883
  29. Mar 29, 2019
    Zhen Fund Coi LLC first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $4,911,236
  30. Sep 1, 2018
    Waishan Wong joined Schedule A of Zhen Advisors, Ltd. as Director
  31. Aug 1, 2016
    Vumindaba Dube joined Schedule A of Zhen Advisors, Ltd. as Director
  32. Aug 1, 2016
    Dawn Marie Cummings joined Schedule A of Zhen Advisors, Ltd. as Director
  33. May 12, 2016
    Zhen Partners Fund III, L.P. first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $117,295,092
  34. May 12, 2016
    Zhen Partners Fund IV, L.P. first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $150,000,000
  35. May 12, 2016
    Zhen Partners Fund II, L.P. first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $185,207,167
  36. May 12, 2016
    Zhen Partners Fund I, L.P. first reported on Form ADV by Zhen Advisors, Ltd. (Venture Capital Fund), GAV $216,505,263
  37. May 12, 2016
    Zhen Advisors, Ltd. first filed Form ADV (ERA, venture capital fund adviser exemption)
Classification history
  1. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $2,134M across 22 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $2,134M across 21 vehicles
Evidence
36 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedventure_capital_fund_adviserMar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2016-05-12Mar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-03-27Mar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds1Mar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone345-749-2000Mar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://zhenfund.com/Contact
contact page linked from the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Description真格基金是由新东方联合创始人徐小平、王强和红杉资本中国在2011年联合创立的天使投资基金,旨在鼓励青年人创业、创新、创富、创造。新东方曾经为莘莘学子筑起出国深造的桥梁,真格基金希望能为海外学子搭建起归国创业的彩虹,侧重于但并不限于留学生创业。真格基金乐于帮助那些拥有具备国际意识、懂真格的青年人实现他们的创业梦想。真格基金专注于TMT行业,包括物联网、移动互联、游戏、企业软件、O2O、电子商务及教育培训等领域的种子期投资。
meta description
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Description真格基金是由新东方联合创始人徐小平、王强和红杉资本中国在2011年联合创立的天使投资基金,旨在鼓励青年人创业、创新、创富、创造。新东方曾经为莘莘学子筑起出国深造的桥梁,真格基金希望能为海外学子搭建起归国创业的彩虹,侧重于但并不限于留学生创业。真格基金乐于帮助那些拥有具备国际意识、懂真格的青年人实现他们的创业梦想。真格基金专注于TMT行业,包括物联网、移动互联、游戏、企业软件、O2O、电子商务及教育培训等领域的种子期投资。
meta description
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersGrand Cayman, Cayman IslandsMar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office addressC/O CO SERVICES CAYMAN LIMITED, WILLOW HOUSE, CRICKET SQUARE, Grand Cayman, KY1-1001Mar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formCorporationMar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://zhenfund.com/portfolio
0 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://zhenfund.com/portfolio
0 entries read
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported22Mar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$2.6BMar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Schedule a diffsadiff-1Mar 27, 2026FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Stated sectorsai,media
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,media
sector words on the home page
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://zhenfund.com/Team
0 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://zhenfund.com/Team
0 name/title pairs read
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported22Mar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.ZHENFUND.COMMar 27, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site title真格基金
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site title真格基金
title tag
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)