It was recently announced that Zhenfund has partnered with Sequoia Capital China to start a new joint seed venture fund,  worth US$30 million. The joint venture plans to invest in many promising early stage start-ups to help them realize their dreams.

The fund itself is worth RMB 200 Million or US$30 Million but is split 50/50, between USD and RMB. It was structured this way to invest in both China registered companies and VIE structured companies that are usually based in USD. Zhenfund makes US$500,000 and below investments only.

The collaboration will be a major threat to many other angel investors looking for the best deals. Sequoia is undoubtedly one of the premier VC’s in America with high calibre investments in companies such as Youtube, Zappos, Tumblr, Linkedin, Dropbox and Airbnb. In China, Sequoia also has a strong track record with investments in companies like 360Buy, Dianping, Douban, Okaybuy, and Meituan. Just as impressively, ZhenFund was founded by the famous angel investor Xu Xiaoping. ZhenFund has invested at a very early stage in companies such as Lightinthebox, Jumei and Jiayuan.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.