# NX Fund

NX Fund is a Private Equity based in Shanghai, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Shanghai, China
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** nxfund.com
- **LinkedIn:** https://www.linkedin.com/company/nx-fund

## Regulatory record

- **Reports private funds:** No

## About

NX Fund is an early-stage consumer investment firm founded in 2020. The firm focuses on early-stage consumer investments. It was co-founded by partners with backgrounds in private equity and investment banking.

## Sectors

- Consumer

## People

- Sun Tingting — Co-founder
- Stefanie — Co-founder

## Questions

### Who runs investment decisions at NX Fund?

The co-founders, Sun Tingting and Stefanie, lead investment activity. They do not disclose additional investment committee members. Both maintain active roles at Mumin Capital, the advisory firm they each helped build.

### How does NX Fund source deal flow?

Sourcing is anchored in the principals’ concurrent roles at Mumin Capital, a Chinese new-economy boutique investment bank focused on consumer and technology. That advisory work surfaces early-stage consumer founders, effectively giving NX Fund a pipeline of pre-vetted companies.

### Is NX Fund related to Mumin Capital, and how are they separated?

Yes. NX Fund shares a founder group with Mumin Capital: Stefanie co-founded Mumin Capital in 2015, and Sun Tingting joined as a partner in 2016. Both serve as partners at Mumin Capital while operating NX Fund, which was created in 2020. The firms operate within the same team but maintain distinct legal identities — Mumin as an advisory boutique, NX Fund as an early-stage venture investor.

### What investment stage does NX Fund target?

NX Fund focuses on early-stage consumer investments, specifically seed and start-up rounds. The firm does not indicate involvement in growth equity, pre-IPO, or later-stage structured capital.

### Does NX Fund commit to outside funds or invest only directly?

Public materials describe only direct early-stage investments. There is no mention of fund-of-fund commitments, LP investments in other managers, or secondary market activity.

### Has NX Fund disclosed any portfolio companies or exit activity?

The firm’s website does not name specific portfolio companies, and no exits or recent deals have been publicly announced. Institutional performance data is not available.

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Last updated: 2026-07-10T08:16:36.000Z

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