# Kunlun Fund

> Kunlun Fund is a VC fund in Hangzhou backing Software, Automotive and E-Commerce. See 11 investments, round sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Hangzhou, China
- Total investments: 11
- Last investment: Dec 2021
- Lead investor: 18%
- Last updated: Aug 2026
- Website: http://www.kunlunfund.com.cn/

Kunlun Fund is an investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 18% |
| Automotive | 2 | 18% |
| E-Commerce | 2 | 18% |
| Health Care | 2 | 18% |
| Information Technology | 2 | 18% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 4 | 36% |
| Angel | 3 | 27% |
| Series C | 2 | 18% |
| Series B | 1 | 9% |
| Funding Round | 1 | 9% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| YUSUR Technology | YUSUR Technology is a Chinese startup on data processing units |  | Series A | Dec 21, 2021 |  |
| Nutshell Therapeutics | Inventing small molecule in the realm of drug discovery fostered by protein dynamics. | $20M | Series A | Jun 15, 2021 |  |
| ImageneBio | It is a leading biotech company focused on immunology-related therapeutic areas. | $100M | Series C | Jun 01, 2021 |  |
| Dian Xiaomi | Dian Xiaomi provides one-stop services for global e-commerce sellers. | $23.1M | Series B | Jan 18, 2021 |  |
| Nice Tuan | Nice Tuan is an e-commerce platform that provides daily groceries and miscellaneous products. | $196M | Series C | Nov 30, 2020 |  |
| Hengdache Shidai | Hengdache Shidai is an automotive fuel O2O platform service provider. | $2.8M | Series A | Mar 31, 2016 |  |
| Nuode | Nuode provides wire harness products for industrial equipment and new energy vehicle power systems. | $425K | Angel | Feb 26, 2016 |  |
| Zongheng Liuhe | Zongheng Liuhe provides products and solutions to build a smart education information platform. | $1.4M | Series A | Aug 13, 2013 |  |
| Zongheng Liuhe | Zongheng Liuhe provides products and solutions to build a smart education information platform. | $425K | Angel | Sep 16, 2012 |  |
| Feiyuxing | Feiyuxing offers network communication management equipment and innovative technology value-added services. | $2.1M | Angel | May 25, 2011 |  |

10 of 11 investments shown.

## Co-investors
- [CDH Investments](https://shizune.co/investors/profile/cdh-investments) — VC Fund, 2 deals together
- [GGV Capital](https://shizune.co/investors/profile/ggv-capital) — VC Fund, 2 deals together
- [Qiming Venture Partners](https://shizune.co/investors/profile/qiming-venture-partners) — VC Fund, 2 deals together
- [Alibaba Group](https://shizune.co/investors/profile/alibaba) — VC Fund, 1 deal together
- [Baidu Ventures](https://shizune.co/investors/profile/baidu-ventures) — VC Fund, 1 deal together
- [CICC](https://shizune.co/investors/profile/cicc) — VC Fund, 1 deal together

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## FAQ

### What does Kunlun Fund invest in?

Kunlun Fund invests primarily in Software, Automotive and E-Commerce startups, most often at Series A and Angel stage. Most of the 11 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Kunlun Fund last invest?

The most recent investment recorded for Kunlun Fund closed in Dec 2021. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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