What stage does GSR Ventures invest at?

GSR Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.

What is GSR Ventures's typical check size?

GSR Ventures typically writes checks of $2.3M – $74M.

Where is GSR Ventures located?

GSR Ventures is headquartered in Beijing, CN.

Does GSR Ventures lead rounds?

Yes, GSR Ventures leads investment rounds.

Who does GSR Ventures co-invest with?

GSR Ventures most often shares deals with Granite Asia, Mayfield Fund, Silver Lake Partners, among 9 tracked co-investors.

GSR Ventures

Venture capital

Beijing · Pre-Seed–Series B · 5 people tracked

Also known as GOLDEN SAND RIVER, LTD. · GSR Ventures (AIV)

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Investment thesis

GSR Ventures focuses on early-stage technology companies across the globe, targeting AI-enabled enterprise software, consumer platforms, and healthcare technology. The firm seeks transformative companies that can reshape their sectors and prioritizes make-or-break decisions over minor details. Its team of founders, enterprise executives, physicians, and engineers brings deep industry expertise plus hands-on experience founding, scaling, and exiting their own companies. GSR positions itself as a long-term, hands-on partner that iterates quickly alongside entrepreneurs and supports them throughout their journey.

Invests inAI & Machine Learning Consumer Digital Health Enterprise Software Healthtech SaaS Beijing China Global Hong Kong Palo Alto Singapore

Source: firm website, verified Aug 25, 2026.

Stage

Pre-Seed–Series B

Check

$2.3M – $74M

Beijing, CA, CN

Leads rounds

Leads

Instruments

Equity

Founded

2004

AUM

$3.7B

VC funds

Tracked investments

Team · 5 people

from curated

Richard Lim· Founder and Managing Director· SF Bay Areain

Founder and Managing Director at Informed Ventures who invests in early-stage AI companies in healthcare and enterprise. Previously an entrepreneur and early investor at GSR Ventures, with executive roles at Lotus Development Corp. and the National University Hospital of Singapore. Holds an MBBS from the National University of Singapore and an MBA from Stanford.

r•••@informedventures.comreveal

Allen Zhu· Managing Director· Beijing, Chinain

Allen Zhu (Zhu Xiaohu) is a managing director at GSR Ventures famed for early bets on Didi and Ele.me, making him one of China's most-watched consumer-internet investors.

Jefferson Chen· Managing Partner· Singaporein

Managing Director at Informed Ventures leading its global fintech investing practice. He is Chairman and co-founder of Advance Intelligence Group, a Singapore-based fintech and AI company, and previously was a portfolio manager at Farallon Capital and worked at Goldman Sachs on Asian tech and financial services IPOs and M&A. He holds an MBA from Stanford University.

Mila Camargo· Managing Partner· New York, New York, United Statesin

Kevin Fong· Advisor· Palo Alto, California, United Statesin

Kevin Fong is a Managing Director at MVP Ventures and a venture capitalist with over 35 years of experience across multiple firms. He previously served as Managing Partner at Mayfield, overseeing $4 billion in assets, and founded Mayfield China (now GSR Ventures) in 2004, which grew to $3.7 billion under management with a portfolio including Didi Chuxing, Qunar, and Xiaohongshu. Across his career, Fong has invested in over 54 early-stage companies, with 9 achieving public exits and 15 acquired, generating more than $1.6 billion in returns to limited partners. He holds degrees in Engineering from UC Berkeley and Stanford University, as well as an MBA from Stanford Graduate School of Business.

What they invest in

from 17 of 21 portfolio companies

AI & Machine Learning ×5Crypto & Web3 ×5Data & Infrastructure ×5Enterprise Software ×5Fintech ×5SaaS ×4Consumer ×3Developer Tools ×3

HQs:United States×8Brazil×1China×1

Investments · 21 tracked

founders shown can be your intro path

By year:2025 · 3 2024 · 1 2023 · 1 2022 · 16 dated

Infinity Poolsinfinitypools.finance✓ verified

Infinity Pools is a decentralized finance protocol for trading with leverage, offering positions with no counterparty risk for liquidity providers and no liquidations as long as interest is paid.

Crypto & Web3Fintech

Co-investorsStandard Crypto Wintermute Dragonfly Folius Ventures KRONOS Multicoin Capital +3 more

Niumnium.com in 𝕏✓ verified

Nium operates a payments infrastructure with APIs, licenses, and a global network that lets businesses send and receive money across countries and currencies in real time.

Enterprise SoftwareFintechSaaS

Prajit Nanu(Founder & Chief Executive Officer)in

Co-investorsVertex Growth Vertex Ventures Atinum Investment Co. Ltd.Beacon VC Informed Ventures Advisors, Llc NewView Capital +5 more

Skanskan.ai in 𝕏Feb 2022✓ verified

Skan AI builds a process intelligence and agentic automation platform that uses computer vision to observe how work actually gets done, generating a "Context Graph of Work" for large, highly regulated enterprises.

AI & Machine LearningEnterprise SoftwareSaaSMenlo Park, US

Avinash Misra(Executive Officer, Director)inManish Garg(Director)inRaman Khanna(Director)in

BoardSimon Wu(Director)inJocelyn Goldfein(Director)in

Co-investorsBloomberg Beta Cathay Innovation Citi Ventures Dell Technologies Capital Zetta Venture Partners

Akiaakia.com inFeb 2025

Akia provides an AI agent that automates the hotel and vacation-rental guest lifecycle, handling guest messaging, phone calls, contactless check-in and ID verification, upsells, and post-stay marketing.

AI & Machine LearningSaaSTravel & Hospitality

Co-investorsInformed Ventures Advisors, Llc SLVC Altos Ventures

DataVisordatavisor.com in 𝕏

DataVisor provides an AI-based platform for financial crime prevention, using machine learning, adaptive AI agents, and automation to detect and block fraud and money laundering in real time.

AI & Machine LearningCybersecurityFintechMountain View, US

Fang Yu(Executive Officer, Director, Promoter)inYinglian Xie(Executive Officer, Director, Promoter)in

BoardKevin Fong(Director)Jon Sakoda(Director)inKai Wang(Director)

Co-investorsBrighton Park Capital New Enterprise Associates (NEA)Genesis Venture Capital Sequoia Capital NewView Capital TruStage Ventures +1 more

Diamantidiamanti.com in 𝕏

Diamanti provides a Kubernetes platform with container-native networking and distributed storage for on-premises, hybrid, and multi-cloud deployments, including Kubernetes-native VMs, self-service Postgres, and AI/ML (LLMOps) solutions.

Cloud ComputingData & InfrastructureEnterprise Software

Co-investorsClearSky Neva Sgr.Threshold Ventures TransLink Capital CRV (Charles River Ventures)DFJ +1 more

Didididiglobal.com

Ride-hailing and mobility platform (testimonial from founder Will Cheng).

Haidian, CN

Cheng Wei(Founder & CEO)Jean Liu(Founder)

Co-investors137 Ventures A-Rod Corp Alpha Wave Global Beyond Ventures Coatue Management Granite Asia +11 more

Ever Edenever-eden.com in

Evereden makes clean, non-toxic, dermatologist-tested skincare and self-care products designed for kids and teens.

ConsumerDirect to ConsumerWellness & Fitness

Kimberley Ho(Cofounder)

Co-investorsInformed Ventures Advisors, Llc PLUS Capital Trousdale Ventures

Infiniteinfinite.dev in 𝕏Mar 2025 · $35M

Infinite provides APIs and SDKs for businesses to integrate stablecoin payment capabilities, enabling fast, low-cost global settlement without cryptocurrency complexity.

Crypto & Web3Developer ToolsEnterprise SoftwareFintechSan Francisco, US

Nikhil Srinivasan(Cofounder & CEO)inRaj Lad(Cofounder & CTO)in

Co-investorsY Combinator 468 Capital Balnord Sp. z o.o.European Innovation Council Fund LGVP Matterwave Ventures +3 more

Kintsugi AINov 2024 · $10M

San Francisco, US

Pujun Bhatnagar(Executive Officer, Director, Promoter)JEFFREY GIBSON(Executive Officer, Director)Tonguc Barkin Doganay(Executive Officer, Director)

BoardLISA DOLAN(Director)

Co-investorsDeVC Link Ventures Venture Highway WestWave Capital

Klaviklavi.ai in

Klavi.ai is a financial services platform that leverages open finance data and intelligence to help businesses extend credit with transparency and assess credit risk.

AI & Machine LearningData & InfrastructureFintechSão Paulo, BR

Stone Zheng(Founder)

Co-investors01vc Informed Ventures Advisors, Llc Parallax Ventures Iporanga Ventures

Medablemedable.com in 𝕏

Medable provides a cloud-based platform for clinical research that uses AI and digital tools to accelerate the development of therapies by improving the quality, reach, and efficiency of clinical trials.

AI & Machine LearningCloud ComputingHealthtechMedical DevicesSaaSPalo Alto, US

Michelle Longmire(Founder)Timothy R. Smith(Executive Officer, Director)Perry Robinson(Executive Officer)

BoardYoung A. Sohn(Director)Richard Lim(Director)inAnna Long(Director)

Co-investorsACVC Partners Connectivity Ventures HealthX Ventures Informed Ventures Advisors, Llc Obvious Ventures PROOF +4 more

Novelshipnovelship.com in 𝕏Sep 2023

Novelship operates an online marketplace where consumers buy and sell sneakers and apparel, including trending and pre-retail releases.

ConsumerE-commerceMarketplaces

Co-investorsiGlobe Partners K3 Ventures East Ventures

OmniMLomniml.ai in 𝕏

Data Center Dynamics is a media and information platform serving professionals in the data center industry with editorial coverage, expert insights, research reports, and specialized newsletters.

Data & InfrastructureEnterprise SoftwareMedia & Entertainment

Huizi Mao(Founder)in

Co-investorsMatrix Qualcomm Ventures SpaceVC Foothill Ventures Notable Capital

Orderlyorderly.network in 𝕏

Orderly Network provides omnichain infrastructure for launching perpetuals decentralized exchanges (perp DEXs) on any blockchain, offering a shared orderbook and liquidity accessible via SDK or white-label.

Crypto & Web3Data & InfrastructureDeveloper Tools

Ran Yi(Founder)

Co-investorsD1 Ventures Dragonfly Gate Ventures IOSG Ventures Mentha Partners Metastable +9 more

Particle Networkparticle.network in 𝕏

Particle Network provides developer infrastructure for onchain applications, including Universal Accounts that let users access dApps with assets from any blockchain without bridging, account abstraction for gas sponsorship and removing signature popups, and social logins for one-click onboarding.

Crypto & Web3Data & InfrastructureDeveloper Tools

Pengyu Wang(Founder)in

Co-investorsAlphaLab Capital Arcane Group BitDAO Caladan FOMO Ventures Inception Capital (ex OP Crypto)+5 more

Qunaracquired by A Place for Mom

Travel booking platform that later merged with Ctrip (testimonial from founder CC Zhuang).

Co-investorsMayfield Fund Tenaya Capital

Sonarsonar.app in 𝕏acquired by Aave

ConsumerCrypto & Web3GamingSocialSan Francisco, US

Benjamin South Lee(Co-founder, CEO (Acq. by Avara Labs))inLeo Cho(Cofounder)inRandolph Lee(Founder)in

Co-investorsY Combinator J4 Ventures Nina Capital

Sonarsonarmentalhealth.com inFeb 2025 · $9.5M

Sonar provides 24/7 text-based wellbeing coaching and care navigation for youth, using trained human coaches supported by AI tools to surface context and flag risk.

Digital HealthHealthtechMental Health

Drew Barvir(Founder)inGabriel Moynihan

Co-investors500 Global Informed Ventures Advisors, Llc J4 Ventures Maccabee Ventures Nina Capital The MBA Fund

Venteurventeur.co in

HealthtechInsurTechBerkeley, US

Stacy Edgar(Executive Officer, Director, Promoter)Timothy Edgar(Founder)in

Co-investorsInformed Ventures Advisors, Llc Techstars American Family Ventures CRCM Ventures Houghton Street Ventures Ingeborg Investments +1 more

Xiaohongshu (小红书)xiaohongshu.com

Co-investorsGranite Asia HongShan Capital Group Qiming Venture Partners ZhenFund

Exits · 2

IPOs and acquisitions across the tracked portfolio

Qunaracq. by A Place for MomSonaracq. by Aave

Portfolio news

latest coverage across their companies

Nium targets stablecoins, growth | Payments Dive

Nium · paymentsdive.com · Jul 23, 2026

Wonder tops $9B valuation, raises $650M | Restaurant Dive

Infinite · restaurantdive.com · Jul 16, 2026

Akia secures $6M to expand hospitality CX automation

Akia · contentgrip.com · Apr 17, 2026

Medable Raises $304M Series D to | SignalBase

Medable · trysignalbase.com · Mar 25, 2026

Sell or Invest in DataVisor Stock Pre-IPO

DataVisor · nasdaqprivatemarket.com · Oct 21, 2025

Teens And Tweens Are Obsessed With Evereden's Skincare Brand For Babies—Now It Brings In $100 Million A Year

Ever Eden · forbes.com · Jun 22, 2025

Venteur Secures $20M Series A Funding to Expand Personalized Health Benefits Platform

Venteur · hlth.com · Apr 3, 2025

Frequently asked questions

What stage does GSR Ventures invest at?: GSR Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.
What is GSR Ventures's typical check size?: GSR Ventures typically writes checks of $2.3M – $74M.
What sectors does GSR Ventures focus on?: GSR Ventures focuses on AI & Machine Learning, Consumer, Digital Health, Enterprise Software, Healthtech, SaaS.
Where is GSR Ventures located?: GSR Ventures is headquartered in Beijing, CN.
Does GSR Ventures lead rounds?: Yes, GSR Ventures leads investment rounds.
Who does GSR Ventures co-invest with?: GSR Ventures most often shares deals with Granite Asia, Mayfield Fund, Silver Lake Partners, among 9 tracked co-investors.

Media · Podcasts & interviews

featuring the team

An interview with Pacific Leadership Fellow James Ding, Managing director, GSR Ventures

James Ding · vimeo.com

Co-investors · 38

Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

Both backed · 1

DataVisor

$4.4M – $214M

Sapphire Ventures

Sapphire Ventures partners with expansion-stage enterprise software companies aiming to become category leaders.

Both backed · 1

Medable

$5M – $20M

Streamlined Ventures

Streamlined Ventures is an early-stage venture firm that partners with founders and invests at the seed stage to help build large-scale companies.

Both backed · 1

Medable

$100K – $1M

Mayfield Fund

Mayfield is a venture capital firm that invests in early-stage consumer and marketplace companies, backing founders from inception through IPO.

Both backed · 1

Qunar

$500K – $12M

Dell Technologies Capital

Dell Technologies Capital (DTC) is the venture investment arm of Dell Technologies, investing in early-stage enterprise technology companies across the U.S., Israel, and Europe.

Both backed · 1

Skan

$500K – $50M

Tenaya Capital

Tenaya Capital is a venture capital firm that partners with entrepreneurs building enduring companies, focusing on growth-stage investments.

Both backed · 1

Qunar

$5M – $10M

Foothill Ventures

Foothill Ventures is a technology-focused venture fund based in Los Altos, California, run by a team with founder and operator backgrounds. It makes early-stage investments in frontier technology, particularly infrastructure and AI applications.

Both backed · 1

OmniML

$100K – $10M

GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

$250K – $50M

Founders Fund

Founders Fund is a venture capital firm that backs technology companies building transformative products.

$500K – $5M

Accel

Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.

$1.6M – $70M

Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M

Kleiner Perkins

Kleiner Perkins is a venture capital firm that backs founders across technology and life sciences, from early stage through growth.

$500K – $15M

▶26 more co-investors

FirstMark Capital Oak HC/FT AltaIR Capital Wing TSVC Spider Capital Anorak Ventures Kohlberg Kravis Roberts xfactor ventures VitalStage Ventures UP Partners Third Kind Venture Capital What If Ventures Origin Ventures Square Peg Capital DVC Richmond Global Ventures Kohala Ventures Arboretum Ventures Surface Ventures IDG Capital Kaiser Permanente Ventures Headwater Ventures Lightspeed China Partners Gaorong Ventures EVP

Firms observed investing alongside GSR Ventures, from public investor directories. Shared companies are the overlap with GSR Ventures's recorded portfolio.

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