About GSR Ventures
GSR Ventures is a venture capital firm founded in 2004. It is primarily based out of Beijing, China. As of Jul 2026, GSR Ventures is an active investor, having invested in 171 companies, with 4 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Blockchain Technology. Most recently it participated in the $***** Seed round of Robopoet Overall, GSR Ventures portfolio has seen 11 unicorns, 5 IPOs and 19 acquisitions including key companies like DiDi, NIUM and FunPlus. A lot of funds co-invest with GSR Ventures, with names like IDG Capital sharing a substantial percentage of its portfolio. GSR Ventures has team of 47 people including 26 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 5 more
Portfolio IPOs
Portfolio Unicorns
GSR Ventures' List of Top Investments
GSR Ventures has a portfolio of 171 companies, including 11 unicorns. Their most notable investments are in CoolMate and Medable.Their portfolio spans across China, United States, Singapore and 20 more locations. They have invested in Enterprise Applications, High Tech, Blockchain Technology and 33 other sectors, across stages such as Series A, Seed and 5 more. Here is the list of top investments by GSR Ventures:
1. DiDi
AI-enabled platform for ride-hailing and on-demand services. The platform enables various services for ride-hailing, food delivery, bike-sharing, payment solutions, and more. It also offers various solutions including autonomous driving, traffic management, driver safety management, and more.
Key facts about DiDi
- Founded Year: 2012
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $20.8B
- Employee Count: 34,787 as on Jul 31, 2026
- Investors: Silver Lake, 2020 Ventures and 96 Others
- Latest Funding Round: Post IPO, Oct 12, 2023, $*****
- Highlight: Public
2. NIUM
Cross-border money transfer solutions for businesses. It provides tools to assist in sending, receiving, and making payments. It offers remittance-as-a-service technology to businesses in the fin-tech, travel, e-commerce, and banking sectors. It also offers APIs to support reporting, tracking, book-keeping, reconciliation, invoicing, and compliance solutions.
Key facts about NIUM
- Founded Year: 2014
- Location: Singapore (Singapore)
- Annual Revenue: SGD 100M - 500M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $312M
- Employee Count: 1,094 as on Jul 31, 2026
- Investors: GIC, Vertex Holdings and 35 Others
- Latest Funding Round: Series E, Jun 05, 2024, $*****
- Highlight: Editors' Pick
3. FunPlus
Developer of interactive entertainment experiences across multiple genres for global users. The company focuses on crafting original experiences across various game types. It creates games for different platforms. The company also publishes comic series and collaborates with other companies.
Key facts about FunPlus
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $87M
- Employee Count: 883 as on Jul 31, 2026
- Investors: Signia Venture Partners, Orchidholings and 4 Others
- Latest Funding Round: Series B, May 2014, $*****
- Highlight: Acquired
4. Xiaohongshu
Online community-based shopping and recommendation platform. The product catalog includes beauty, travel, food, sports, digital, baby care, fashion. and more. It allows users to browse items, share on social media, read reviews, influencers can post, share travel blogs & lifestyle stories via short videos and photos, and more.
Key facts about Xiaohongshu
5. Qunar
Qunar is an online platform for travelers to discover & book holiday packages. Travelers can book the services by providing dates, destinations & more via the platform by making an online payment.
Key facts about Qunar
- Founded Year: 2005
- Location: Beijing (China)
- Stage: Acquired
- Total Funding till date: $388M
- Employee Count: 2,981 as on Jul 31, 2026
- Investors: Silver Lake, Tenaya Capital and 7 Others
- Latest Funding Round: Post IPO, Oct 2015, $*****
- Highlight: Acquired
GSR Ventures' Year-on-Year Investment Trends
GSR Ventures has invested in 171 companies over the last 21 years, with an average of 11 new investments annually in the last 10 years. In 2025, it made 12 investments, while as of Jul 2026, it has made 1 investment in this year. Its most recent first time investment was in Robopoet and most recent follow-on round was in KUN.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 9 | 3 | 12 |
2024 | 9 | 1 | 10 |
2023 | 10 | 4 | 14 |
2022 | 37 | 5 | 42 |
2021 | 16 | 2 | 18 |
2020 | 9 | 5 | 14 |
2019 | 7 | 8 | 15 |
2018 | 8 | 7 | 15 |
2017 | 5 | 3 | 8 |
GSR Ventures' Investments by Stage
GSR Ventures has made 52 investments in Series A stage with an average round size of $25.5M, 45 investments in Seed stage with an average round size of $7.65M and 27 investments in Series B stage with an average round size of $31.4M.Stage of entry | No. of Investments |
|---|---|
Series A | 52 |
Seed | 45 |
Series B | 27 |
Series C | 6 |
Series D | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
GSR Ventures' Investments by Sector
GSR Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Blockchain Technology and Consumer. Notably, it has invested in 150 Tech companies, 104 Enterprise (B2B) companies, 88 Software companies and at least 63 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 56 |
FinTech | 43 |
High Tech | 42 |
Blockchain Technology | 34 |
Consumer | 34 |
Others | 187 |
Note: We have considered here, only first round of investments
GSR Ventures' Investments by Geography
GSR Ventures has made most investments in United States (48), followed by China where it has made 43 investments.Country | No. of Investments |
|---|---|
United States | 48 |
China | 43 |
Singapore | 11 |
United Kingdom | 6 |
Canada | 3 |
Others | 21 |
Note: We have considered here, only first round of investments
GSR Ventures' recent investments
GSR Ventures has made 1 investments in 2026 so far - Robopoet.Here are the most recent investments by GSR Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 13, 2026 | China | Seed | 4192 | ||
Dec 10, 2025 | - | Seed | 6178 | [+1] | |
Nov 20, 2025 | China | Series A | 3010 | ||
Nov 11, 2025 | Cayman Islands | Series A | 9495 | [+4] | |
Aug 21, 2025 | China | Series D | 5387 | [+3] |
Unicorns in GSR Ventures' Portfolio
GSR Ventures has 11 unicorns in its portfolio - Nimble, Flexiv Robotics, AiBee and others. The most recent unicorn in their portfolio is Nimble. It became a unicorn in 2024, 3 years after GSR Ventures first invested in it.Here is a list of unicorns in GSR Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
50 | Provider of robotic third-party logistics services for various product categories | 2017 | San Francisco | Series C | taeyavb | ||
69 | Manufacturer of adaptive robots and robotic solutions for industrial automation | 2016 | Santa Clara | Series C | uqybsud | ||
50 | Provider of voice recognition, language understanding, and data analysis services | 2014 | Haidian | Series B | tpctgfq | ||
70 | Online platform for the staking solution | 2018 | Toronto | Series C | sblbwhh | ||
70 | Provider of a cloud based clinical trail management tool for researchers | 2012 | Palo Alto | Series D | zudgjpn |
IPOs and Publicly Listed companies in GSR Ventures' Portfolio
5 of GSR Ventures' portfolio companies have become public. MiningLamp got listed on the Hong Kong Exchanges (HKG), in Nov 2025 at marketcap of $2.62B and Horizon got listed on the Hong Kong Exchanges (HKG) at marketcap of $104M.Here are GSR Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 03, 2025 | - | - | 7728 | |
Oct 24, 2024 | Sep 2015 | Seed | 8417 | |
Jun 30, 2021 | Sep 2012 | Series A | 2200 | |
Jun 07, 2013 | - | - | 1693 | |
Apr 27, 2012 | - | - | 8773 |
Acquired companies in GSR Ventures' Portfolio
19 companies from GSR Ventures' portfolio have been acquired. The most recent acquisition was Neuron in Jul 2026 by Lime for $*****.Here are GSR Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 06, 2026 | Dec 09, 2019 | Series A | 9786 | |
Mar 09, 2026 | Jul 10, 2012 | Series B | 3613 | |
Mar 11, 2025 | Sep 17, 2019 | Series B | 7265 | |
Nov 01, 2024 | - | - | 7518 | |
Oct 31, 2024 | Mar 05, 2020 | Series B | 4977 |
Team profile of GSR Ventures
GSR Ventures has a team of 47 members including 26 Partners, 1 Venture Partner and 3 Principals located in China, United States and 4 more locations. GSR Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in GSR Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Shanghai | - | ||
Partner | Singapore | - | ||
Partner | Chaoyang | - | ||
Partner | San Francisco | - | ||
Partner | Beijing | - | ||
Partner | Beijing | - | ||
Partner | - | - | ||
Partner | San Francisco | - | ||
Partner | Palo Alto | - | - | |
Partner | China | - | ||
Partner | San Francisco | - |
Co-investors of GSR Ventures
Over the past 21 years, 1195 investors have co-invested in GSR Ventures's portfolio companies. This includes funds and angels.
- Invested before GSR Ventures: GSR Ventures, Zhen Fund and 276 others have invested in rounds before GSR Ventures. There are 7 companies where GSR Ventures has invested before GSR Ventures and 4 companies where Zhen Fund has invested before GSR Ventures.
- Top Co-investors of GSR Ventures: 518 investors entered a company along with GSR Ventures. These include investors like IDG Capital (5 companies).
- Invested after GSR Ventures: A total of 399 investors have invested in GSR Ventures's portfolio after their investments. Top Investors include Granite Asia (6 companies), Tencent (5 companies) and Ant Group (5 companies).
Recent News related to GSR Ventures
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Bundle Raises $5.5M in Pre-Seed Funding to Launch Global Web3 Rewards PlatformentARABI•Jul 30, 2026•Bundle, Further, Ethereal Ventures, Nascent and 4 others
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Tuya Smart Invests in Robopoet to Accelerate Physical AI CommercializationPR Newswire•Jul 21, 2026•Tuya, Robopoet, GSR Ventures, Sequoia Capital
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Rusun Robot Completes Pre-A Round Financing of 100 Million YuanEastmoney•Jul 03, 2026•com.cn, Robopoet, CCV Capital, Guohua and 3 others
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3F, built on Morpho, raises $4 million to offer leveraged exposure to tokenized assetsThe Block•Apr 24, 2026•SIG, Morpho, Fidelity Investments, Gate Ventures and 3 others
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Akia Raises $6M Series A to Scale Customer Experience AutomationContentGrip•Apr 17, 2026•Akia, GSR Ventures
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Enhanced Secures $1M in Pre-Seed Funding for Onchain Asset YieldThe Daily Hodl•Apr 09, 2026•Selini Capital, Flowdesk, GSR, Maximum Frequency Ventures and 3 others
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Eightco Holdings raises $270M in Sept 2025 placementBitcoin Ethereum News•Mar 14, 2026•Eightco, BitMine, World Fund, GSR Ventures and 5 others
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Galaxy Digital Leads $7M Investment in Tenbin for Improved Tokenized Gold and FX MarketsCoinDesk•Jan 27, 2026•Galaxy, Tenbin Labs, Grand Sierra Resort, Wintermute and 7 others
