ZhenFund Tops the "2024 Best Early-Stage VC Firms in China" List | Z News

真格基金·April 30, 2025

ZhenFund and its portfolio companies received a total of 10 recognitions.

On April 18, ChinaVenture unveiled its "ChinaVenture 2024 Annual Rankings."

ZhenFund was named to four lists and ranked #1 on the "2024 Top 50 Best Early-Stage VC Firms in China."

As an independent third-party organization, ChinaVenture has published its annual series of China venture capital and private equity rankings for 19 consecutive years. The lists draw on CVSource data and systematic research into more than 1,000 active institutions, with ChinaVenture Research conducting data verification and institutional selection according to established criteria. The "ChinaVenture Rankings" are widely recognized in the industry for their professionalism, authority, and rigor, serving as a bellwether for equity investment and a key reference for major institutional LPs in their decision-making.

In this year's selection, ZhenFund and its portfolio companies received a total of 10 honors:

  • ZhenFund ranked #1 on the "2024 Top 50 Best Early-Stage VC Firms in China";

  • ZhenFund named to the "2024 Top 10 Best Early-Stage VC Firms in China by Returns";

  • ZhenFund named to the "2024 Top 30 Best Investors in China's Digitalization and Information Technology Industry";

  • ZhenFund named to the "2024 Top 30 Best Investors in China's AI and Big Data Industry."

Drawing on its deep focus and strategic positioning in artificial intelligence, new consumer brands, semiconductors and integrated circuits, and other sectors, multiple ZhenFund portfolio companies also made the lists:

  • Moonshot AI, Infinigence AI, and Synyi AI were named to the "2024 Top 10 Best Investment Deals in China's AI and Big Data Industry";

  • Xiaohongshu was named to the "Top 10 Best Investment Deals in China's New Consumer Industry";

  • Moxi was named to the "2024 Top 10 Best Investment Deals in China's Semiconductor and Integrated Circuit Industry";

  • Horizon Robotics was named to the "2024 Top 5 Best Exit Deals in China's Semiconductor and Integrated Circuit Industry."

We are grateful to our industry peers for this recognition of ZhenFund and our portfolio companies. We will continue to move in step with the times and walk alongside founders.