GSR Ventures

GSR Ventures is a venture capital firm established in 2004 and based in Palo Alto, California. The firm specializes in early-stage investments, primarily targeting technology companies that focus on AI-enabled healthcare technology, enterprise software, and consumer platforms. GSR Ventures actively seeks to support entrepreneurs with global ambitions who are building disruptive businesses capable of dominating multi-billion dollar markets. The firm has led early funding rounds in notable companies such as Qunar, Xiaohongshu, Didi Chuxing, and Medable. With a total of approximately $3 billion under management, GSR Ventures is well-positioned to invest in innovative technology sectors both in the United States and internationally.

Haichen Hu

Partner

Daisy Jiang

Partner

Aileen Jiang

Partner

Sunny Kumar

Partner

Richard Lim

Founder and Managing Director

Jiaojie Ren

Partner

Jason Sun

Partner

Mandy Wen

Vice President

Ryann Yap

Managing Director, CFO and COO

David Yin

Partner

Yuechen Zhao

Partner

Michelle Zhou

Partner

Allen Zhu

Managing Director

Past deals in Mobile Advertising

ZMO.AI

Series A in 2022
ZMO.ai specializes in AI image generation, offering tools that enable fashion brands to create high-quality model images efficiently. By leveraging advanced artificial intelligence and neural networks, the company facilitates the generation of visually appealing content, including realistic photos and artistic designs, from simple text or image inputs. This innovative approach helps brands reduce production time and costs while enhancing diversity in their visual marketing. ZMO.ai aims to streamline the creative process for fashion and other industries that require compelling visual art.

Firework

Series A in 2021
Firework is one of the fastest growing interactive video platforms on mobile.

PROPS

Initial Coin Offering in 2020
PROPS is a new cryptocurrency that grants access to features, content and status across media apps that share a currency and identity layer, and whose users benefit from the PROPS rewards pool.

OPay

Series B in 2019
OPay designs a mobile payment service and consumer platform for users to send and receive money, pay bills, and order food and groceries. It empowers and enables users to accomplish more with their money by providing smart financial services. It is a one-stop mobile-based platform for payment, transportation, food and grocery delivery, and other important services in everyday life. Millions of users rely on OPay every day to send and receive money, pay bills, and order food and groceries.

Skyroam

Series C in 2019
Skyroam was founded in Silicon Valley by technology veterans who have identified a common point of pain among fellow business travelers: getting a fast, reliable mobile internet connection while on the road is a challenge. And when returning home, the traveler invariably receives a shockingly high roaming bill. This problem is becoming more acute as data consumption skyrockets, driven by smartphones, tablets, netbooks, and even wearables. Skyroam’s solution to this problem is 3GMate, a global mobile hotspot that provides easy, fast, secure and affordable mobile data around the world. 3Gmate keeps you connected on the road; keeps your corporate data secure; and drives efficiency into your company’s BYOD program. The next step for Skyroam is to power the Internet of Things. By leveraging our patented virtual SIM technology, Skyroam delivers a local SIM over the air to ensure a seamless data connection around the world for your IoT application. Skyroam’s vSIM technology enables companies in the wireless ecosystem to easily deploy mobile connectivity anywhere in the world, simplifying supply chain, reducing costs, and improving service levels.

OPay

Series A in 2019
OPay designs a mobile payment service and consumer platform for users to send and receive money, pay bills, and order food and groceries. It empowers and enables users to accomplish more with their money by providing smart financial services. It is a one-stop mobile-based platform for payment, transportation, food and grocery delivery, and other important services in everyday life. Millions of users rely on OPay every day to send and receive money, pay bills, and order food and groceries.

O'Pay Electronic Payment

Series A in 2019
O'Pay Electronic Payment is a mobile payment mobile app.

Firework

Series A in 2019
Firework is one of the fastest growing interactive video platforms on mobile.

Huzan Social Retail

Series B in 2019
Huzan Social Retail is a mobile marketing management app dedicated to CRM system, which can help merchants connect users on different platforms and different channels, automatically classify and mark, refine user relationships, and automatically synchronize users to mobile social software. The company was founded in 2017 and is based in Shanghai, China.

Freemud

Series A in 2018
Shanghai Freemud Network Technology Co., Ltd. is a provider of internet-based solutions catering to the retail, restaurant, and fast-moving consumer goods industries. Founded in 2014 and based in Shanghai, the company specializes in online food and beverage solutions, omni-channel e-commerce, and a smart retail support system. Freemud offers a mobile payment platform that enables businesses to efficiently process transactions, manage promotions, and integrate with third-party delivery services. Through its comprehensive digital payment solutions, Freemud aims to enhance operational efficiency for stores and facilitate seamless customer experiences.

Firework

Series A in 2018
Firework is one of the fastest growing interactive video platforms on mobile.

Mvoicer

Angel Round in 2018
Mvoicer Co., Ltd is a gaming company based in Shanghai, China, founded in 2015. The company specializes in publishing gaming applications, particularly focusing on board games. Mvoicer operates a gaming community platform that promotes board games by providing users with access to an encyclopedia of game-related content, including guides, videos, and rules. This platform facilitates communication among players, enhancing the gaming culture through interactive features such as real-time voice chat. Mvoicer's offerings primarily include a WeChat applet and a dedicated app, allowing players to engage more deeply with board games and each other.

Freemud

Series A in 2018
Shanghai Freemud Network Technology Co., Ltd. is a provider of internet-based solutions catering to the retail, restaurant, and fast-moving consumer goods industries. Founded in 2014 and based in Shanghai, the company specializes in online food and beverage solutions, omni-channel e-commerce, and a smart retail support system. Freemud offers a mobile payment platform that enables businesses to efficiently process transactions, manage promotions, and integrate with third-party delivery services. Through its comprehensive digital payment solutions, Freemud aims to enhance operational efficiency for stores and facilitate seamless customer experiences.

Skyroam

Series C in 2018
Skyroam was founded in Silicon Valley by technology veterans who have identified a common point of pain among fellow business travelers: getting a fast, reliable mobile internet connection while on the road is a challenge. And when returning home, the traveler invariably receives a shockingly high roaming bill. This problem is becoming more acute as data consumption skyrockets, driven by smartphones, tablets, netbooks, and even wearables. Skyroam’s solution to this problem is 3GMate, a global mobile hotspot that provides easy, fast, secure and affordable mobile data around the world. 3Gmate keeps you connected on the road; keeps your corporate data secure; and drives efficiency into your company’s BYOD program. The next step for Skyroam is to power the Internet of Things. By leveraging our patented virtual SIM technology, Skyroam delivers a local SIM over the air to ensure a seamless data connection around the world for your IoT application. Skyroam’s vSIM technology enables companies in the wireless ecosystem to easily deploy mobile connectivity anywhere in the world, simplifying supply chain, reducing costs, and improving service levels.

Mobile Go

Series A in 2018
Mobile Go is a startup focused on enhancing the ride-sharing experience by providing in-car snack and drink services. The company places snack boxes in vehicles, allowing passengers to conveniently purchase refreshments during their rides. This service not only improves the overall rider experience but also offers drivers an additional source of revenue. By integrating snack options into the ride-sharing environment, Mobile Go aims to create a more enjoyable and satisfying journey for passengers while supporting drivers financially.

MobileGo

Series A in 2018
MobileGo is a developer of a peer-to-peer e-sports platform designed to organize decentralized tournaments for competitive gamers globally. Established in 2016, the platform utilizes dual blockchain technologies, including Waves and Ethereum, to integrate smart contract capabilities into mobile gaming. This innovation allows gamers to use cryptocurrencies and tokens as a medium of exchange during online tournaments, enhancing the overall gaming experience. Additionally, MobileGo facilitates transactions by enabling game developers to accept its cryptocurrency for in-game purchases, thereby reducing reliance on traditional banking methods. Through its blockchain-based products, MobileGo aims to streamline payment processes in the gaming industry while providing a secure and efficient environment for players and developers alike.

Xiaodian

Series A in 2017
Xiaodian specializes in providing smartphone charging services through its innovative smart wireless charging devices. These power banks are strategically placed in various public locations such as restaurants, billiards rooms, KTVs, and subways. Users can easily rent a power bank by scanning a QR code with the Xiaodian app or through WeChat, allowing them to charge their devices for a fee of RMB 1 per charge, without the need for a deposit. This service caters to individuals who require convenient charging solutions while on the go, ensuring their smartphones remain powered in busy environments.

Inke

Series A in 2015
Inke Limited is an investment holding company based in Beijing, China, specializing in mobile live streaming platforms. Founded in 2015, it operates the Inke App, which allows users to watch live video broadcasts on their smartphones, and the Jimu App, a social networking product. The company offers a range of services, including online advertising, value-added telecommunications, internet cultural services, online audio and video programming, and talent agency functions. Additionally, Inke provides supporting services for mobile livestreaming platforms, technology and consulting services, and is involved in online game development and investments in internet-related entities.

Skyroam

Series B in 2015
Skyroam was founded in Silicon Valley by technology veterans who have identified a common point of pain among fellow business travelers: getting a fast, reliable mobile internet connection while on the road is a challenge. And when returning home, the traveler invariably receives a shockingly high roaming bill. This problem is becoming more acute as data consumption skyrockets, driven by smartphones, tablets, netbooks, and even wearables. Skyroam’s solution to this problem is 3GMate, a global mobile hotspot that provides easy, fast, secure and affordable mobile data around the world. 3Gmate keeps you connected on the road; keeps your corporate data secure; and drives efficiency into your company’s BYOD program. The next step for Skyroam is to power the Internet of Things. By leveraging our patented virtual SIM technology, Skyroam delivers a local SIM over the air to ensure a seamless data connection around the world for your IoT application. Skyroam’s vSIM technology enables companies in the wireless ecosystem to easily deploy mobile connectivity anywhere in the world, simplifying supply chain, reducing costs, and improving service levels.

Kangfu Zhushou

Series A in 2015
Developer of a mobile application focused providing rehabilitation guidance to patients. The company's mobile application provides basic information of diseases and guidance of health management, enabling patients to gain knowledge of rehabilitation and better manage their health condition.

Purple Clinic

Angel Round in 2014
Developer of a digital marketing project management platform designed to provide digital marketing service related to medical services. The company's platform provides an online medical mobile application, enabling doctors and patients to communicate with each other on consultation service in the fields of dermatology, pediatrics, gynecology, andrology and internal medicine.

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.

IZP Technologies

Venture Round in 2011
IZP Technologies Co., Ltd. is a high-technology company specializing in digital marketing solutions tailored for the telecom media technology sector. The company offers a range of services, including market research, digital marketing strategies, and user experience enhancement. Key offerings include AdWib, a mobile advertising solution; Adwin, a keyword advertising scheme; an integrated media platform for TV commercials; and ZBoss, an advertising business operating system that consolidates various advertising functionalities. IZP is notable for being a pioneer in big data marketing strategies and caters to both large brand advertisers and small to medium enterprises. With established operational centers in Europe, Latin America, and Southeast Asia, IZP serves a global clientele that includes 21 multinational telecom companies. The company's platform reaches 800 million internet users across 89 countries, with a significant portion of its audience located overseas, thereby enhancing its international presence in the digital marketing landscape.

Skyroam

Series A in 2011
Skyroam was founded in Silicon Valley by technology veterans who have identified a common point of pain among fellow business travelers: getting a fast, reliable mobile internet connection while on the road is a challenge. And when returning home, the traveler invariably receives a shockingly high roaming bill. This problem is becoming more acute as data consumption skyrockets, driven by smartphones, tablets, netbooks, and even wearables. Skyroam’s solution to this problem is 3GMate, a global mobile hotspot that provides easy, fast, secure and affordable mobile data around the world. 3Gmate keeps you connected on the road; keeps your corporate data secure; and drives efficiency into your company’s BYOD program. The next step for Skyroam is to power the Internet of Things. By leveraging our patented virtual SIM technology, Skyroam delivers a local SIM over the air to ensure a seamless data connection around the world for your IoT application. Skyroam’s vSIM technology enables companies in the wireless ecosystem to easily deploy mobile connectivity anywhere in the world, simplifying supply chain, reducing costs, and improving service levels.

Baixing.com

Series C in 2011
Baixing.com is a classified ads website based in Shanghai, China, that provides a platform for users to list, view, and communicate about various advertisements. The site specializes in categories such as second-hand goods, jobs, vehicles, and real estate. In addition to its core listing services, Baixing.com offers a range of advertising solutions, including online marketing and telemarketing services. The company also develops a procurement system to assist businesses in managing their advertising purchases across various digital and offline media. Furthermore, Baixing.com provides value-added services such as membership options, content auditing, and online traffic distribution. Founded in 2005, Baixing Co., Ltd. was previously known as Shanghai Baixing Kijiji Co., Ltd. and rebranded in April 2016. It operates as a subsidiary of Somfy SA.

Link Motion

Venture Round in 2011
Link Motion is a global provider of mobile internet services, specializing in smart car technology and ride-sharing solutions. Founded in 2005, the company has evolved from its origins in the smartphone revolution to focus on the emerging smart car sector. Its offerings include enabling technology solutions and secure connected car systems tailored for the automotive industry, alongside consumer ride-sharing services and legacy applications related to mobile security and productivity. With a presence in cities such as Beijing, Hong Kong, Taipei, Dallas, and Finland, Link Motion is well-positioned to capitalize on the future of connected transportation.

AdChina

Venture Round in 2011
AdChina, Ltd. operates a comprehensive internet advertising platform in China, connecting advertisers with publishers across various digital channels. Founded in 2007 and based in Shanghai, the company offers a suite of software and technical services designed to streamline the advertising process. The AdChina AdManager system is central to the platform, enabling the tracking of available advertising space, processing of orders, and analysis of audience data to match advertisements with their intended target audience. Additionally, AdChina provides the AdChina Demand Platform, a tool for advertising agencies and advertisers, and the AdChina Supply Platform, which supports publishers in both online and mobile environments. The platform boasts significant reach, accessing billions of page views and millions of unique visitors each month, establishing AdChina as a key player in the Chinese digital advertising landscape.

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 specializing in digital marketing solutions tailored for the telecom media technology sector. The company offers a range of services, including market research, digital marketing strategies, and user experience enhancement. Key offerings include AdWib, a mobile advertising solution; Adwin, a keyword advertising scheme; an integrated media platform for TV commercials; and ZBoss, an advertising business operating system that consolidates various advertising functionalities. IZP is notable for being a pioneer in big data marketing strategies and caters to both large brand advertisers and small to medium enterprises. With established operational centers in Europe, Latin America, and Southeast Asia, IZP serves a global clientele that includes 21 multinational telecom companies. The company's platform reaches 800 million internet users across 89 countries, with a significant portion of its audience located overseas, thereby enhancing its international presence in the digital marketing landscape.

AdMaster

Series A in 2010
AdMaster is a leading third-party provider of marketing data solutions in China, specializing in domestic advertising. The company focuses on helping advertisers monitor and optimize the effectiveness of their digital marketing efforts, ultimately improving return on investment through technology-driven data perception research. AdMaster operates a robust server cluster capable of processing over 200 billion data points and updating more than 100 data models each month. Its primary research and service areas encompass digital marketing performance monitoring, evaluation and management of social media marketing effectiveness, and analysis of social big data. By leveraging advanced analytics and big data tools, AdMaster enables brands to effectively measure the impact of their advertising investments.

Link Motion

Venture Round in 2010
Link Motion is a global provider of mobile internet services, specializing in smart car technology and ride-sharing solutions. Founded in 2005, the company has evolved from its origins in the smartphone revolution to focus on the emerging smart car sector. Its offerings include enabling technology solutions and secure connected car systems tailored for the automotive industry, alongside consumer ride-sharing services and legacy applications related to mobile security and productivity. With a presence in cities such as Beijing, Hong Kong, Taipei, Dallas, and Finland, Link Motion is well-positioned to capitalize on the future of connected transportation.

Link Motion

Venture Round in 2010
Link Motion is a global provider of mobile internet services, specializing in smart car technology and ride-sharing solutions. Founded in 2005, the company has evolved from its origins in the smartphone revolution to focus on the emerging smart car sector. Its offerings include enabling technology solutions and secure connected car systems tailored for the automotive industry, alongside consumer ride-sharing services and legacy applications related to mobile security and productivity. With a presence in cities such as Beijing, Hong Kong, Taipei, Dallas, and Finland, Link Motion is well-positioned to capitalize on the future of connected transportation.

Link Motion

Venture Round in 2010
Link Motion is a global provider of mobile internet services, specializing in smart car technology and ride-sharing solutions. Founded in 2005, the company has evolved from its origins in the smartphone revolution to focus on the emerging smart car sector. Its offerings include enabling technology solutions and secure connected car systems tailored for the automotive industry, alongside consumer ride-sharing services and legacy applications related to mobile security and productivity. With a presence in cities such as Beijing, Hong Kong, Taipei, Dallas, and Finland, Link Motion is well-positioned to capitalize on the future of connected transportation.

AdChina

Series B in 2009
AdChina, Ltd. operates a comprehensive internet advertising platform in China, connecting advertisers with publishers across various digital channels. Founded in 2007 and based in Shanghai, the company offers a suite of software and technical services designed to streamline the advertising process. The AdChina AdManager system is central to the platform, enabling the tracking of available advertising space, processing of orders, and analysis of audience data to match advertisements with their intended target audience. Additionally, AdChina provides the AdChina Demand Platform, a tool for advertising agencies and advertisers, and the AdChina Supply Platform, which supports publishers in both online and mobile environments. The platform boasts significant reach, accessing billions of page views and millions of unique visitors each month, establishing AdChina as a key player in the Chinese digital advertising landscape.

Borqs Technologies

Series B in 2009
Borqs Technologies is a high-tech company that specializes in providing development services, software solutions, and products for Android-based smart connected devices. The company operates through two main segments: Mobile Virtual Network Operator Services and Connected Solutions. It offers a wide array of services including 2G/3G/4G voice and data services, commercial-grade Android platform software, and mobile connected device solutions for both enterprise and consumer applications. Borqs also develops hardware products such as trackers, smartwatches, ruggedized handsets, tablets, and mobile connectivity modules. Established in 2007 and headquartered in Beijing, China, the company has a strong technical workforce with extensive experience in research and development, drawn from various sectors within the telecommunications and mobile internet industries. Borqs generates revenue primarily through software and hardware sales, serving markets in the United States, China, India, and beyond.

AdChina

Series A in 2008
AdChina, Ltd. operates a comprehensive internet advertising platform in China, connecting advertisers with publishers across various digital channels. Founded in 2007 and based in Shanghai, the company offers a suite of software and technical services designed to streamline the advertising process. The AdChina AdManager system is central to the platform, enabling the tracking of available advertising space, processing of orders, and analysis of audience data to match advertisements with their intended target audience. Additionally, AdChina provides the AdChina Demand Platform, a tool for advertising agencies and advertisers, and the AdChina Supply Platform, which supports publishers in both online and mobile environments. The platform boasts significant reach, accessing billions of page views and millions of unique visitors each month, establishing AdChina as a key player in the Chinese digital advertising landscape.

Baixing.com

Series B in 2008
Baixing.com is a classified ads website based in Shanghai, China, that provides a platform for users to list, view, and communicate about various advertisements. The site specializes in categories such as second-hand goods, jobs, vehicles, and real estate. In addition to its core listing services, Baixing.com offers a range of advertising solutions, including online marketing and telemarketing services. The company also develops a procurement system to assist businesses in managing their advertising purchases across various digital and offline media. Furthermore, Baixing.com provides value-added services such as membership options, content auditing, and online traffic distribution. Founded in 2005, Baixing Co., Ltd. was previously known as Shanghai Baixing Kijiji Co., Ltd. and rebranded in April 2016. It operates as a subsidiary of Somfy SA.

Borqs Technologies

Series A in 2008
Borqs Technologies is a high-tech company that specializes in providing development services, software solutions, and products for Android-based smart connected devices. The company operates through two main segments: Mobile Virtual Network Operator Services and Connected Solutions. It offers a wide array of services including 2G/3G/4G voice and data services, commercial-grade Android platform software, and mobile connected device solutions for both enterprise and consumer applications. Borqs also develops hardware products such as trackers, smartwatches, ruggedized handsets, tablets, and mobile connectivity modules. Established in 2007 and headquartered in Beijing, China, the company has a strong technical workforce with extensive experience in research and development, drawn from various sectors within the telecommunications and mobile internet industries. Borqs generates revenue primarily through software and hardware sales, serving markets in the United States, China, India, and beyond.

Link Motion

Venture Round in 2007
Link Motion is a global provider of mobile internet services, specializing in smart car technology and ride-sharing solutions. Founded in 2005, the company has evolved from its origins in the smartphone revolution to focus on the emerging smart car sector. Its offerings include enabling technology solutions and secure connected car systems tailored for the automotive industry, alongside consumer ride-sharing services and legacy applications related to mobile security and productivity. With a presence in cities such as Beijing, Hong Kong, Taipei, Dallas, and Finland, Link Motion is well-positioned to capitalize on the future of connected transportation.

Baixing.com

Series A in 2007
Baixing.com is a classified ads website based in Shanghai, China, that provides a platform for users to list, view, and communicate about various advertisements. The site specializes in categories such as second-hand goods, jobs, vehicles, and real estate. In addition to its core listing services, Baixing.com offers a range of advertising solutions, including online marketing and telemarketing services. The company also develops a procurement system to assist businesses in managing their advertising purchases across various digital and offline media. Furthermore, Baixing.com provides value-added services such as membership options, content auditing, and online traffic distribution. Founded in 2005, Baixing Co., Ltd. was previously known as Shanghai Baixing Kijiji Co., Ltd. and rebranded in April 2016. It operates as a subsidiary of Somfy SA.

Network Game Interaction

Series A in 2007
Network Game Interaction (NGI), is an in-game advertising service provider founded in 2005 in Beijing, China. In 2007 it announced that it completed its series A funding of $10 million from [GSR Ventures](http://www.crunchbase.com/financial-organization/gsr-ventures-management). NGI cooperates with over 50 top Chinese online games, including MMORPG and leisure games, to provide online ads inside games.

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.

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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