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About GAW Capital Partners
GAW Capital Partners is a venture capital firm founded in 2005. It is primarily based out of Hong Kong, China. As of Jan 2025, GAW Capital Partners has invested in 25 companies. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from Real Estate and Construction Tech to Enterprise Applications and Consumer. Most recently it participated in the $***** Seed round of Agility Asset Advisers Overall, GAW Capital Partners portfolio has seen 1 unicorn, 2 IPOs and 3 acquisitions including key companies like Beike, Full Truck Alliance and NeueHouse. A lot of funds co-invest with GAW Capital Partners, with names like Country Garden sharing a substantial percentage of its portfolio. GAW Capital Partners has team of 66 people including 21 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Unicorns
GAW Capital Partners' List of Top Investments
GAW Capital Partners has a portfolio of 25 companies, one of which is a Unicorn. Their most notable investments are in Climate Alpha and Candao.com.Their portfolio spans across China, United States, Singapore and 5 more locations. They have invested in Real Estate and Construction Tech, Enterprise Applications, Consumer and 15 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by GAW Capital Partners:
1. Beike
Online real estate brokerage service platform. It offers a platform featuring second-hand houses, rental houses, houses, and commercial offices. It enables users to browse through the listings and connect with the owner online. It also lets owners list their properties by providing information such as location, pictures, and area details.
Key facts about Beike
- Founded Year: 2017
- Location: Tianjin (China)
- Stage: Public
- Total Funding till date: $3.62B
- Employee Count: 3,797 as on Aug 31, 2026
- Investors: SoftBank Vision Fund, Hillhouse and 13 Others
- Latest Funding Round: Series D, Nov 2019, $*****
- Highlight: Public
2. HqO
SaaS-driven diversified building management solution for commercial spaces. The platform offers features including entry management solutions, communication management, data, and analytics management, leasing management, facility booking, work order management, service request management, food ordering, visitor management, transportation management, service booking, and more. Their mobile apps are available for download on Android and iOS devices.
Key facts about HqO
- Founded Year: 2018
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $200M
- Employee Count: 107 as on Sep 30, 2026
- Investors: Koch Industries, vitalstage ventures and 19 Others
- Latest Funding Round: Series D, Oct 18, 2023, $*****
- Highlight: Editors' Pick
3. 99 Group
Online listing platform for residential and commercial properties. The platform enables users to buy, sell & rent residential and commercial properties. It enables users to specify a location to find a list of registered properties and can connect with the agent via the platform. Property owners and landlords can create listings by providing necessary information such as price, area, amenities offered, and more. Its mobile app is available on Android and iOS devices.
Key facts about 99 Group
- Founded Year: 2014
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Jun 30, 2021
- Stage: Series C
- Total Funding till date: $88.5M
- Employee Count: 618 as on Sep 30, 2026
- Investors: Pegasus Tech Ventures, Allianz and 45 Others
- Latest Funding Round: Series C, Mar 13, 2023, $*****
- Highlight: Editors' Pick
Key facts about Full Truck Alliance
- Founded Year: 2017
- Location: Guiyang (China)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $1.69B
- Employee Count: 50 - 199 as on Mar 01, 2026
- Investors: CapitalG, SoftBank Vision Fund and 10 Others
- Latest Funding Round: Series D, Nov 20, 2020, $*****
- Highlight: Public
5. NeueHouse
Meeting, event, and workspace solutions designed for productivity and collaboration. They provide end-to-end solutions for meetings, events, and corporate training. Their spaces are designed to spark conversation and foster collaboration. They offer a variety of spaces suitable for meetings, parties, screenings, and more. They focus on creating environments that foster creativity and commerce. They offer services like front-of-house reception, IT support, and in-house production services. They provide solutions for businesses seeking meeting and event spaces, office spaces, and memberships. They offer a range of options to suit different needs and preferences. They focus on providing hospitality and creating a productive environment. They offer solutions for physical meetings, work suites, and individual memberships.
Key facts about NeueHouse
- Founded Year: 2012
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $76.2M
- Employee Count: 98 as on Aug 31, 2026
- Investors: Western Technology Investment, Cava and 8 Others
- Latest Funding Round: Series C, Apr 22, 2020, $*****
- Highlight: Acquired
GAW Capital Partners' Year-on-Year Investment Trends
GAW Capital Partners has invested in 31 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Agility Asset Advisers and most recent follow-on round was in Blackpanda.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 1 | 1 |
2023 | 2 | 1 | 3 |
2022 | 4 | 0 | 4 |
2021 | 1 | 0 | 1 |
2020 | 3 | 0 | 3 |
2019 | 4 | 0 | 4 |
2018 | 3 | 0 | 3 |
2017 | 2 | 0 | 2 |
GAW Capital Partners' Investments by Stage
GAW Capital Partners has made 9 investments in Series A stage with an average round size of $19.6M, 5 investments in Seed stage with an average round size of $7.2M and 3 investments in Series C stage with an average round size of $57.3M.Stage of entry | No. of Investments |
|---|---|
Series A | 9 |
Seed | 5 |
Series C | 3 |
Series B | 2 |
PE | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
GAW Capital Partners' Investments by Sector
GAW Capital Partners has a diverse portfolio, with companies operating in the Real Estate and Construction Tech, Enterprise Applications, Consumer, Environment Tech and High Tech. Notably, it has invested in 18 Tech companies, 15 Enterprise (B2B) companies, 10 Consumer (B2C) companies and at least 8 companies focusing on Software.Sector | No. of Investments |
|---|---|
Real Estate and Construction Tech | 8 |
Enterprise Applications | 6 |
Consumer | 5 |
Environment Tech | 3 |
High Tech | 3 |
Others | 21 |
Note: We have considered here, only first round of investments
GAW Capital Partners' Investments by Geography
GAW Capital Partners has made most investments in China (8), followed by United States where it has made 5 investments.Country | No. of Investments |
|---|---|
China | 8 |
United States | 5 |
Singapore | 2 |
United Kingdom | 2 |
Vietnam | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
GAW Capital Partners' recent investments
GAW Capital Partners has not made any investment in 2026 so far.Here are the most recent investments by GAW Capital Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 16, 2025 | Japan | Seed | 4278 | - | |
Sep 25, 2024 | China | Series A | 8026 | [+1] | |
Mar 13, 2023 | Singapore | Series C | 4801 | ||
Jan 18, 2023 | China | Series A | 8793 | [+1] | |
Jan 11, 2023 | United States | Seed | 6100 | [+3] |
Unicorns in GAW Capital Partners' Portfolio
GAW Capital Partners has 1 unicorn in its portfolio - Ziroom. The most recent unicorn in their portfolio is Ziroom which became a unicorn in 2018, 8 years before GAW Capital Partners first invested in it.Here is a list of unicorns in GAW Capital Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
55 | Provider of branded accommodations | 2011 | Chaoyang | Series C | wrn{uiw |
IPOs and Publicly Listed companies in GAW Capital Partners' Portfolio
2 of GAW Capital Partners' portfolio companies have become public. Full Truck Alliance got listed on the New York Stock Exchange (NYSE), in Jun 2021 at marketcap of $1.57B and Beike got listed on the New York Stock Exchange (NYSE) at marketcap of $67.6B.Here are GAW Capital Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2021 | - | - | 9765 | |
Aug 17, 2020 | Jul 18, 2019 | Series D | 6488 |
Acquired companies in GAW Capital Partners' Portfolio
3 companies from GAW Capital Partners' portfolio have been acquired. The most recent acquisition was NeueHouse.Here are GAW Capital Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 05, 2026 | Sep 07, 2018 | Series C | 2517 | |
Mar 02, 2020 | Nov 07, 2017 | Series B | 9807 | |
Apr 12, 2018 | Nov 02, 2016 | PE | 1704 |
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Team profile of GAW Capital Partners
GAW Capital Partners has a team of 66 members including 21 Partners and 6 Principals located in China, United States and 3 more locations. GAW Capital Partners' team does not sit on the board of any company as of now.Here is a list of top team members in GAW Capital Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | - | |
Partner | San Francisco | - | - | |
Partner | Hong Kong | - | - | |
Partner | Hong Kong | - | ||
Partner | - | - | ||
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | ||
Partner | Abu Dhabi | - | ||
Partner | Hong Kong | - |
Co-investors of GAW Capital Partners
Over the past 10 years, 112 investors have co-invested in GAW Capital Partners's portfolio companies. This includes funds and angels.
- Invested before GAW Capital Partners: Tencent, East Ventures and 43 others have invested in rounds before GAW Capital Partners. There is 1 company where Tencent has invested before GAW Capital Partners and 1 company where East Ventures has invested before GAW Capital Partners.
- Top Co-investors of GAW Capital Partners: 49 investors entered a company along with GAW Capital Partners. These include investors like Country Garden (2 companies).
- Invested after GAW Capital Partners: A total of 18 investors have invested in GAW Capital Partners's portfolio after their investments. Top Investors include Sequoia Capital China (1 company), SoftBank Group (1 company) and Koch Industries (1 company).
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