How many investments has Gaocheng Capital made?

Gaocheng Capital has 13 tracked investments, 1 of which have exited.

What stage does Gaocheng Capital invest at?

Gaocheng Capital invests at the Growth stage.

What sectors does Gaocheng Capital focus on?

Gaocheng Capital focuses on AI & Machine Learning, Enterprise Software, Fintech, IoT, Robotics, SaaS.

Where is Gaocheng Capital located?

Gaocheng Capital is headquartered in Singapore, SG.

Who does Gaocheng Capital co-invest with?

Gaocheng Capital most often shares deals with August Capital, DCM Ventures, Felicis Ventures, among 27 tracked co-investors.

Gaocheng Capital

Growth equity

Singapore · Growth · 9 people tracked

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Investment thesis

Gaocheng Capital positions itself as an active, constructive growth-stage investor that engages closely with portfolio company management, bringing industry knowledge, insights and resources to help companies reach their potential. The firm acts as a long-term capital partner to sophisticated global institutional investors, offering local Asian expertise to complement their asset allocation. Beyond managing funds, it shares market insights and portfolio development experience, provides co-investment opportunities and forms strategic alliances. Its focus spans enterprise software, fintech and software-defined hardware, aiming to empower innovators and create long-term sustainable value while becoming a leading enterprise investment firm globally.

Invests inAI & Machine Learning Enterprise Software Fintech IoT Robotics SaaS Asia-Pacific China Singapore

Source: firm website, verified Oct 13, 2026.

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Stage

Growth

Singapore, SG

Instruments

Equity

Private fund assets

$1.1B

Tracked investments

Unicorns

IPOs

Team · 9 people

from the firm's website & curated

Jing Hong· Founding Partner and Chief Executive Officer· Beijing, Chinain

Founder and CEO of Gaocheng Capital, previously Partner and Head of Private Equity at Hillhouse Capital and a Managing Director at General Atlantic, with earlier roles at Warburg Pincus and McKinsey. She has two decades of growth-stage private equity experience and was named to Forbes' Midas List in 2021, 2022, and 2023.

Hong· Founding Partner and Chief Executive Officer

Founder and CEO of Gaocheng; previously Partner and Head of Private Equity at Hillhouse Capital, and Managing Director at General Atlantic leading its global emerging markets consumer sector and Beijing office. She has two decades of growth-stage PE experience, led investments in Alibaba, Meituan, Didi and others, holds an MBA from Harvard and degrees from Tsinghua, and was named to Forbes' Midas List 2021-2023.

Demos Guo· Managing Director· Shanghai, Chinain

Managing Director at Gaocheng Capital who previously worked as a growth investor at General Atlantic and in J.P. Morgan's investment banking division in Hong Kong. He has led or participated in investments including Bytedance, 58.com, and Yealink.

Guo· Managing Director

Managing Director at Gaocheng, formerly a growth investor at General Atlantic and previously with J.P. Morgan's investment banking division in Hong Kong. He has led or participated in investments including ByteDance, 58.com, Jushuitan and Yealink, and holds degrees from Peking University, Hong Kong University and Renmin University.

Matt Xu· Managing Director· Shanghai, Chinain

Managing Director at Gaocheng Capital focusing on growth-stage investments in enterprise software, fintech, and software-defined hardware. He previously worked in management consulting at A.T. Kearney and Kurt Salmon and as a software engineer at NS Solutions and Intel.

Xu· Managing Director

Managing Director focused on growth-stage investments in enterprise software, fintech and software-defined hardware. Formerly an associate at A.T. Kearney and Kurt Salmon, and earlier a software engineer at NS Solutions and Intel. He has led investments including PingPong, Momenta and Tuya Smart, and holds bachelor's and master's degrees in Electronic Engineering from Shanghai Jiao Tong University.

Gloria Liu· Chief Operating Officer

COO and Risk & Control Committee member overseeing legal, compliance, investor relations, and fund operations. She joined Gaocheng in 2021 after serving as its external counsel and was previously a private equity partner at DLA Piper.

Ivy Liu· Chief Financial Officer

CFO responsible for fund finance, due diligence, portfolio development, and exits since joining in 2019. She previously held senior roles at Meituan-Dianping's strategic investment team and Hillhouse Capital, with earlier experience at Innovation Works and PwC.

Liu· Chief Operating Officer

COO and member of the Risk & Control Committee, responsible for legal and compliance, investor relations and fund operations. She joined in 2021 after previously serving as the team's external counsel and as a partner at DLA Piper specializing in private equity. She holds a Juris Doctor from UC Berkeley and has been a California-admitted attorney since 2002.

What they invest in

from 3 of 13 portfolio companies

Enterprise Software ×3SaaS ×2AI & Machine Learning ×1Cybersecurity ×1Developer Tools ×1Fintech ×1Marketing Tech ×1Travel & Hospitality ×1

HQs:United States×1

Investments · 13 tracked

founders shown can be your intro path

GitLabgitlab.com in 𝕏NASDAQ: GTLB

GitLab is an intelligent orchestration platform for DevSecOps that enables teams and AI agents to collaborate on the full software development lifecycle, from planning through deployment, with integrated security and compliance capabilities.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareSan Francisco, US

Sid Sijbrandij(CEO)inDmytro Zaporozhets(CTO)inDmitriy Zaporozhets(Founder)inPaul Machle(Executive Officer)inSytse Sijbrandij(Founder)

Board Bruce Armstrong(Director)in

Co-investorsAlkeon Innovation August Capital Base Partners Bling Capital Category Ventures Coatue Management +36 more

Beisenbeisen.com

HKSE-listed leader in AI-powered HCM solutions

Ji Weiguo(Founder)Wang Zhaohui(Founder)

Co-investorsSoftBank Vision Fund Genesis Venture Capital Goldman Sachs HongShan Capital Group Matrix Partners China Primavera Venture Management Limited +3 more

DerbySoftderbysoft.com in

DerbySoft provides technology that connects travel partners, including hotels and global hospitality brands, to streamline commerce and operations.

Enterprise SoftwareMarketing TechSaaSTravel & Hospitality

Feng Ou(Founder)in

Co-investorsDCM Ventures Moment Ventures, Llc DCM Keytone Ventures

Raiselpraiselp.com in 𝕏

RAISE provides an integrated technology ecosystem for managing alternative investment fund operations across multiple stakeholders including fund managers, investors, and service providers.

Enterprise SoftwareFintechSaaS

Henry Lin(CEO and CTO)in

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ABC Digital Medical CloudBairongChanjetDiDi FintechEACONEEOeVAT MasterFinenterFlux

Exits · 1

1 IPOs

GitLabNASDAQ: GTLB

Frequently asked questions

How many investments has Gaocheng Capital made?: Gaocheng Capital has 13 tracked investments, 1 of which have exited.
What stage does Gaocheng Capital invest at?: Gaocheng Capital invests at the Growth stage.
What sectors does Gaocheng Capital focus on?: Gaocheng Capital focuses on AI & Machine Learning, Enterprise Software, Fintech, IoT, Robotics, SaaS.
Where is Gaocheng Capital located?: Gaocheng Capital is headquartered in Singapore, SG.
Who does Gaocheng Capital co-invest with?: Gaocheng Capital most often shares deals with August Capital, DCM Ventures, Felicis Ventures, among 27 tracked co-investors.

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