# ZenStone Venture Capital

ZenStone Venture Capital is a Venture Capital based in San Jose, CA, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** San Jose, CA, United States
- **Region:** North America
- **Address:** 1647 S Main Street, Milpitas, CA 95035, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.zenstonevc.com
- **LinkedIn:** https://www.linkedin.com/company/zenstone-venture-capital

## Regulatory record

- **Reports private funds:** No

## About

Investing in post-revenue startups driven by tech & data in Consumer, PropTech, FinTech and SaaS in Web3 era. | ZenStone believes a new era of technology innovation and business opportunity is emerging in the application layer, by leveraging massively connected people, sensors, data, and computing infrastructure. As the application revolution continues developing, AI, Blockchain, Cloud and Data technology becomes both extremely relevant and critical to success.

## Sectors

- Enterprise Software
- PropTech
- FinTech
- EdTech
- Mobility & Transportation
- Blockchain

## People

- Mingfeng (Farris) Wu — Co-founder & Managing Director
- Fay Yang — Co-founder & Managing Director

## Questions

### Who runs investment decisions at ZenStone Venture Capital?

Farris Wu and Fay Yang, the firm's co-founders and managing directors, sit on the Investment Committee and share responsibility for deal sourcing, due diligence, and partnership development. Wu leads financial planning and deal structuring while Yang focuses on market analysis and due diligence, per the firm's own team page. There is no disclosed GP-level team beyond the two co-founders.

### Does ZenStone participate in fund commitments or only direct deals?

All disclosed portfolio activity points to direct startup equity investments, with the firm describing an average check size of $250,000 per company at the post-seed and early venture stages. There is no public evidence of fund-of-fund commitments or SPV structures.

### What investment stages does ZenStone typically target?

The firm states it invests at 'post seed and early venture stages,' which aligns with its portfolio of companies raising Series A through C rounds. Bolt had raised $68 million before taking a further $75 million in a Series C extension, while HomeLight and Descomplica reached $109 million and $83 million rounds, respectively.

### How is ZenStone related to Alpha Realty Capital?

Alpha Realty Capital is a Silicon Valley-based commercial real estate investment firm that both Farris Wu and Fay Yang co-founded and still run as managing directors. The two firms share the same investment committee and managing partners, operating as vertically integrated vehicles — Alpha handles property-level value-add investments while ZenStone writes venture equity checks.

## Related profiles

- [Zenrin Future Partners](https://altss.com/profile/zenrin-future-partners)
- [Zentani Capital](https://altss.com/profile/zentani-capital)

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Last updated: 2026-07-08T23:45:53.051Z

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