GSR Ventures is a venture capital firm established in 2004, with offices in Menlo Park, California, and Beijing, China. The firm specializes in investing in early-stage technology companies that focus on artificial intelligence, consumer internet, and healthcare technology. GSR Ventures is dedicated to supporting entrepreneurs who are creating disruptive businesses with the potential to lead in multi-billion dollar markets. By concentrating on sectors such as AI-enabled enterprise software and digital health, GSR Ventures aims to foster innovation and drive growth in transformative industries. The firm manages approximately $3.7 billion across its various funds.
STE. 5620, China World Trade Center Tower III, No.1 Jianguomenwai St., Chaoyang District, Beijing 100004, China
Kevin Fong
Managing Director
Haichen Hu MD
Partner
Daisy Jiang
Partner
Sunny Kumar
Partner
Richard Lim
Founder and Managing Director
Justin Norden
Partner
Mandy Wen
Vice President
Zhiwei Yang
Partner
David Yin
Partner
Kevin Yin
Affiliated Partner
Yutong Zhang
Partner
Allen Zhu
Managing Director
Past deals in Beijing
LibLib AI
Seed Round in 2024
LibLib AI is an AI image generation platform that provides cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. It is a subsidiary of Beijing Singularity Star Technology Co., Ltd.
CastBox
Series C in 2021
CastBox is a spoken audio platform founded in 2016 and based in Beijing, China, with additional offices in Hong Kong and San Francisco. The platform allows users to easily find, access, and enjoy a wide range of spoken audio content, including podcasts, on-demand radio, and audiobooks, across multiple devices such as mobile phones, desktops, and smart home devices. CastBox employs proprietary technology, including curated podcast recommendations and an in-audio deep search feature powered by natural language processing and machine learning. This technology enables the platform to deliver personalized listening experiences tailored to individual user preferences and habits. The service is available in multiple languages, making it accessible to a global audience.
Flexiv
Series B in 2020
Flexiv Ltd. is a robotics and artificial intelligence company that specializes in developing and manufacturing adaptive robots. Founded in 2016 and headquartered in Shanghai, with additional offices in Shenzhen, Beijing, and Santa Clara, California, Flexiv integrates advanced technologies such as force control, computer vision, and AI into its products. The company's flagship robot, RIZON, is designed for applications including curved-surface processing, plugging, and assembly. Flexiv's robotic systems are utilized across various industries, including automotive electronics, new energy, home appliances, consumer electronics, and aerospace. The company focuses on providing innovative solutions that enhance industrial automation, enabling businesses to improve efficiency and safely collaborate with human workers in complex environments.
Glue Up
Series B in 2020
Glue Up, formerly known as EventBank, is a software as a service (SaaS) company that offers an all-in-one cloud-based engagement management platform. Founded in 2013 and headquartered in Beijing, China, Glue Up provides comprehensive solutions for event and membership management, customer relationship management (CRM), email marketing, and more. The platform is designed to streamline operations and modernize processes, enabling clients such as associations, event organizers, Chambers of Commerce, agencies, and non-government organizations to overcome engagement challenges. Glue Up's innovative products integrate various functionalities, including event management, membership management, and mobile applications, into a single platform. With offices in 12 countries and clients across more than 50 nations, Glue Up aims to build and grow communities through its diverse digital tools.
Longmao Data
Series B in 2020
Longmao Data is a Beijing-based company established in 2014 that specializes in data services for artificial intelligence platforms. The firm collects a diverse array of data types, including images, texts, voices, and videos, and employs crowdsourcing methods for data annotation. This annotated data is then supplied to clients in the artificial intelligence sector, facilitating the training of their AI models. Longmao Data's focus on comprehensive data collection and annotation positions it as a valuable partner for businesses looking to enhance their AI capabilities.
DeepMap
Series B in 2018
DeepMap, Inc. is a technology company that specializes in high-definition (HD) mapping and localization solutions aimed at enhancing the safety of autonomous vehicles. Founded in 2016 and headquartered in Palo Alto, California, with additional offices in Beijing and Guangzhou, the company provides essential technology for self-driving cars to navigate complex environments. DeepMap focuses on three core areas: creating precise HD maps, offering ultra-accurate real-time localization across various road types and driving conditions, and developing the supporting infrastructure for global scalability. By addressing these elements, DeepMap aims to improve the safety and efficiency of autonomous driving, making it a key player in the advancement of self-driving technology.
Shuidinongchang (Water drop farm)
Angel Round in 2018
Shuidinongchang is a Gaming Start up based in Beijing.
CastBox
Series B in 2018
CastBox is a spoken audio platform founded in 2016 and based in Beijing, China, with additional offices in Hong Kong and San Francisco. The platform allows users to easily find, access, and enjoy a wide range of spoken audio content, including podcasts, on-demand radio, and audiobooks, across multiple devices such as mobile phones, desktops, and smart home devices. CastBox employs proprietary technology, including curated podcast recommendations and an in-audio deep search feature powered by natural language processing and machine learning. This technology enables the platform to deliver personalized listening experiences tailored to individual user preferences and habits. The service is available in multiple languages, making it accessible to a global audience.
Paipaizhuan
Series B in 2017
Paipaizhuan is a Beijing-based image identification technology company. It provides shelf image recognition and retail business inspection services for retailers.
Longmao Data
Series A in 2017
Longmao Data is a Beijing-based company established in 2014 that specializes in data services for artificial intelligence platforms. The firm collects a diverse array of data types, including images, texts, voices, and videos, and employs crowdsourcing methods for data annotation. This annotated data is then supplied to clients in the artificial intelligence sector, facilitating the training of their AI models. Longmao Data's focus on comprehensive data collection and annotation positions it as a valuable partner for businesses looking to enhance their AI capabilities.
CastBox
Series A in 2017
CastBox is a spoken audio platform founded in 2016 and based in Beijing, China, with additional offices in Hong Kong and San Francisco. The platform allows users to easily find, access, and enjoy a wide range of spoken audio content, including podcasts, on-demand radio, and audiobooks, across multiple devices such as mobile phones, desktops, and smart home devices. CastBox employs proprietary technology, including curated podcast recommendations and an in-audio deep search feature powered by natural language processing and machine learning. This technology enables the platform to deliver personalized listening experiences tailored to individual user preferences and habits. The service is available in multiple languages, making it accessible to a global audience.
YCloset
Series C in 2017
At YCloset, users were able to enroll for a monthly fee and rent clothes and accessories free of charge. Founded in 2015, the Beijing-based online platform operated in about 40 cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen. They had partnered with over a hundred fashion brands providing the rental service. The firm announced that it would close down its operations by August 15, 2021.
DeePhi
Series A in 2017
DeePhi Technology Co., Ltd. is a Beijing-based company specializing in deep learning artificial intelligence computing applications. Founded in 2016, it develops solutions that integrate deep compression and a dedicated processing unit (DPU) to optimize performance across a range of devices, from large servers to mobile terminals. The company focuses on improving neural network efficiency through techniques such as compression, pruning, and system-level optimization, facilitating low-power and low-latency AI services. DeePhi's technology is utilized in various sectors, including drone technology, security surveillance, and cloud services. By offering end-to-end solutions, DeePhi aims to enhance the effectiveness and economy of AI inference platforms for both embedded systems and server-side applications. The company operates as a subsidiary of Xilinx, Inc.
DeepMap
Series A in 2017
DeepMap, Inc. is a technology company that specializes in high-definition (HD) mapping and localization solutions aimed at enhancing the safety of autonomous vehicles. Founded in 2016 and headquartered in Palo Alto, California, with additional offices in Beijing and Guangzhou, the company provides essential technology for self-driving cars to navigate complex environments. DeepMap focuses on three core areas: creating precise HD maps, offering ultra-accurate real-time localization across various road types and driving conditions, and developing the supporting infrastructure for global scalability. By addressing these elements, DeepMap aims to improve the safety and efficiency of autonomous driving, making it a key player in the advancement of self-driving technology.
YCloset
Series B in 2017
At YCloset, users were able to enroll for a monthly fee and rent clothes and accessories free of charge. Founded in 2015, the Beijing-based online platform operated in about 40 cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen. They had partnered with over a hundred fashion brands providing the rental service. The firm announced that it would close down its operations by August 15, 2021.
DeepMap
Seed Round in 2016
DeepMap, Inc. is a technology company that specializes in high-definition (HD) mapping and localization solutions aimed at enhancing the safety of autonomous vehicles. Founded in 2016 and headquartered in Palo Alto, California, with additional offices in Beijing and Guangzhou, the company provides essential technology for self-driving cars to navigate complex environments. DeepMap focuses on three core areas: creating precise HD maps, offering ultra-accurate real-time localization across various road types and driving conditions, and developing the supporting infrastructure for global scalability. By addressing these elements, DeepMap aims to improve the safety and efficiency of autonomous driving, making it a key player in the advancement of self-driving technology.
Zero Zero Robotics
Series A in 2016
Co-founded in 2014 by Stanford Ph.D’s, MQ Wang and Tony Zhang, ZeroZero is a forward-thinking robotics company pioneering the future of smart flying robotics that empower people to enhance their lives. Two years ago, ZeroZero introduced its first flagship product, the Hover Camera Passport, a consumer-friendly smart flying camera built for capturing fun and unique perspectives and exciting memories. It received widespread acclaim, won numerous awards, such as Best of the Best from Red Dot Design, IF Design, CES, among others, and entered into a worldwide partnership with Apple retail. ZeroZero, with over 120 employees, is headquartered in Beijing, with offices in San Francisco, Shenzhen, Hangzhou, and Taiwan. Investors include IDG, GSR Ventures, ZhenFund, among others.
YCloset
Series A in 2016
At YCloset, users were able to enroll for a monthly fee and rent clothes and accessories free of charge. Founded in 2015, the Beijing-based online platform operated in about 40 cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen. They had partnered with over a hundred fashion brands providing the rental service. The firm announced that it would close down its operations by August 15, 2021.
GeoTMT
Series B in 2013
GeoTMT operates as an advertising data technology company. It offers an advertising platform that helps clients in the management and release of Internet advertisements. GeoTMT provides Internet advertisement dispatch services to advertisers and advertising agencies. It offers big data marketing solutions, including big data access and mining solutions. GeoTMT began operation in 2011, with its headquarters in Beijing in China. It has additional offices in Shanghai and Guangzhou.
GeoTMT
Series A in 2012
GeoTMT operates as an advertising data technology company. It offers an advertising platform that helps clients in the management and release of Internet advertisements. GeoTMT provides Internet advertisement dispatch services to advertisers and advertising agencies. It offers big data marketing solutions, including big data access and mining solutions. GeoTMT began operation in 2011, with its headquarters in Beijing in China. It has additional offices in Shanghai and Guangzhou.
Beijing Infinite World
Series B in 2011
Beijing Infinite World Co., Ltd. is a cultural and creative enterprise established in January 2010, focused on the research, development, and operation of online games across various platforms. Founded by Zengge, known as "the father of the game Zhuxian," the company offers a distinctive 3D online game, which serves as its flagship product. With a well-funded background and an experienced team, Infinite World has successfully produced and operated several renowned online games, including Perfect World and Jade Dynasty. The company is also developing a virtual reality technology game platform aimed at providing engaging and customized gaming experiences that transcend traditional boundaries, allowing users to enjoy limitless virtual interactions.
IZP Technologies
Venture Round in 2011
IZP Technologies Co., Ltd. is a high-technology company based in Beijing, China, specializing in digital marketing solutions tailored for the telecom media technology sector. The company offers a comprehensive range of services, including market research, advertising optimization, and user experience enhancement. Its products include AdWib, a mobile advertising solution; Adwin, an internet keyword advertising scheme; and ZBoss, an advertising business operating system that facilitates customization and management of ads. Additionally, IZP has pioneered big data marketing strategies, enabling both large brand advertisers and small to medium enterprises to engage effectively with consumers. The company operates three overseas centers in Europe, Latin America, and Southeast Asia, supporting a network of 21 multinational telecoms and reaching 800 million internet users across 89 countries.
ShineOn
Series C in 2011
Shineon (Beijing) Technology Co., Ltd. is a high-tech enterprise based in China, specializing in the development and manufacturing of high-brightness LED (HB LED) packaging products and chip technologies. The company focuses on delivering high-quality, reliable LED solutions with low thermal resistance and consistent color temperature, catering to various applications including LCD backlighting and solid-state lighting. Shineon's innovative approach includes the creation of optoelectronic devices and module technologies that support high-power and smart lighting systems, as well as miniLED displays for sectors such as virtual production and extended reality. Established by experts in the field, the company is backed by foreign investors and is committed to advancing LED technology without the need for additional electronic components in its lighting solutions.
Dianxin
Series A in 2011
Dianxin (点心移动) is a Chinese company providing intelligent terminal integrated solutions based on mobile internet. Established in 2010, (Beijing Wind Spirit Science and Technology Co., Ltd) is the first incubator company of Innovation Works that was under the leadership of Dr. Li Kaifu. It is committed to the professional development of Android applications, enhancing system functions such as integration capability, availability, and security of clouds in the operating system level. The company’s main products include baidu mobile guards (the original android optimized master), DX Home, DX-Power Manager, and more. The baidu mobile guards have accumulated more than 200 million loyal users. It also received ten million US dollars as Round A investment from Kanchenjunga Venture Capital in March 2011 and the accumulative total number of its users exceeded 100 million in February 2013.
IZP Technologies
Venture Round in 2010
IZP Technologies Co., Ltd. is a high-technology company based in Beijing, China, specializing in digital marketing solutions tailored for the telecom media technology sector. The company offers a comprehensive range of services, including market research, advertising optimization, and user experience enhancement. Its products include AdWib, a mobile advertising solution; Adwin, an internet keyword advertising scheme; and ZBoss, an advertising business operating system that facilitates customization and management of ads. Additionally, IZP has pioneered big data marketing strategies, enabling both large brand advertisers and small to medium enterprises to engage effectively with consumers. The company operates three overseas centers in Europe, Latin America, and Southeast Asia, supporting a network of 21 multinational telecoms and reaching 800 million internet users across 89 countries.
Lashou.com
Series B in 2010
Lashou is a location-based, social commerce platform for web-based and mobile users in China. Lashou enables its users to carry out online-to-offline commerce transactions and provides merchants with marketing solutions. It currently provides services in 500 Chinese cities, including Beijing, Shanghai, Hong Kong, and Taipei. The company aims to expand in Southeast Asian countries such as Malaysia, Thailand, and Singapore in the second half of this year. Founded in March 2010, Lashou has quickly grown into China's biggest group-purchasing website with an estimated market value of $1.1 billion. The company has raised $55 million from Tenaya Capital, Norwest Venture, the Rebate Network, and GSR Partners. As of January 20, 2011, its registered users totaled 3 million and monthly visits exceeded 30 million.
ShineOn
Series B in 2010
Shineon (Beijing) Technology Co., Ltd. is a high-tech enterprise based in China, specializing in the development and manufacturing of high-brightness LED (HB LED) packaging products and chip technologies. The company focuses on delivering high-quality, reliable LED solutions with low thermal resistance and consistent color temperature, catering to various applications including LCD backlighting and solid-state lighting. Shineon's innovative approach includes the creation of optoelectronic devices and module technologies that support high-power and smart lighting systems, as well as miniLED displays for sectors such as virtual production and extended reality. Established by experts in the field, the company is backed by foreign investors and is committed to advancing LED technology without the need for additional electronic components in its lighting solutions.
ShineOn
Series A in 2010
Shineon (Beijing) Technology Co., Ltd. is a high-tech enterprise based in China, specializing in the development and manufacturing of high-brightness LED (HB LED) packaging products and chip technologies. The company focuses on delivering high-quality, reliable LED solutions with low thermal resistance and consistent color temperature, catering to various applications including LCD backlighting and solid-state lighting. Shineon's innovative approach includes the creation of optoelectronic devices and module technologies that support high-power and smart lighting systems, as well as miniLED displays for sectors such as virtual production and extended reality. Established by experts in the field, the company is backed by foreign investors and is committed to advancing LED technology without the need for additional electronic components in its lighting solutions.
Qunar.com
Series C in 2009
Qunar is a prominent Chinese-language online travel information provider, established in 2005 in Beijing. It operates as a search engine for web and mobile users, offering comprehensive travel-related information including flights, hotels, holiday packages, and group-buying deals. The platform aims to facilitate informed travel decisions by providing users with vast amounts of data from over 700 Chinese online travel websites, encompassing more than 100,000 hotels and 11,000 air routes. With a user base of approximately 75 million monthly visitors and 34 million activated mobile app users, Qunar leverages advanced technology to deliver fast and accurate search results. The company also features group-buying deals across more than 100 cities in China. As a significant player in the travel industry, Qunar competes primarily with Elong and Ctrip.
Qunar.com
Series B in 2007
Qunar is a prominent Chinese-language online travel information provider, established in 2005 in Beijing. It operates as a search engine for web and mobile users, offering comprehensive travel-related information including flights, hotels, holiday packages, and group-buying deals. The platform aims to facilitate informed travel decisions by providing users with vast amounts of data from over 700 Chinese online travel websites, encompassing more than 100,000 hotels and 11,000 air routes. With a user base of approximately 75 million monthly visitors and 34 million activated mobile app users, Qunar leverages advanced technology to deliver fast and accurate search results. The company also features group-buying deals across more than 100 cities in China. As a significant player in the travel industry, Qunar competes primarily with Elong and Ctrip.
Beijing PingCo Technology
Series B in 2007
Beijing PingCo Technology Co., Ltd. (明致无限) is a professional Chinese high-tech company focused on the development of wireless internet applications for mobiles. The company’s major product, PingCo, is a mobile phone client software based on GPRS and includes features such as free text messages, calls, circles of friends, casual dating community, and new friends. PingCo supports more than 2000 types of mobile phones that include Nokia, MoTo, and Sony Ericsson, and is a terminal domestic software that is compatible with most mobile types.
UiTV
Series A in 2006
Beijing UiTV (联合网视) is an online video operation service provider with China’s largest online TV platform under its operation. It includes a vast number of videos suitable for PC, MP4 and mobiles. UiTV connects content and service providers to supply abundant video resources to internet users. It is also an integrated communication platform for advertising agencies and advertisers. Through technology, operation management and business models, UiTV currently holds a notable position in its field, and has comprehensive collaboration with many high-end content providers, internet companies and advertisement companies.
Qunar.com
Series A in 2006
Qunar is a prominent Chinese-language online travel information provider, established in 2005 in Beijing. It operates as a search engine for web and mobile users, offering comprehensive travel-related information including flights, hotels, holiday packages, and group-buying deals. The platform aims to facilitate informed travel decisions by providing users with vast amounts of data from over 700 Chinese online travel websites, encompassing more than 100,000 hotels and 11,000 air routes. With a user base of approximately 75 million monthly visitors and 34 million activated mobile app users, Qunar leverages advanced technology to deliver fast and accurate search results. The company also features group-buying deals across more than 100 cities in China. As a significant player in the travel industry, Qunar competes primarily with Elong and Ctrip.
Beijing PingCo Technology
Series A in 2005
Beijing PingCo Technology Co., Ltd. (明致无限) is a professional Chinese high-tech company focused on the development of wireless internet applications for mobiles. The company’s major product, PingCo, is a mobile phone client software based on GPRS and includes features such as free text messages, calls, circles of friends, casual dating community, and new friends. PingCo supports more than 2000 types of mobile phones that include Nokia, MoTo, and Sony Ericsson, and is a terminal domestic software that is compatible with most mobile types.
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