GSR Ventures
GSR Ventures is a global venture capital firm founded in 2004 managing $3.7B across 12 funds, investing in early-stage AI-enabled enterprise software, consumer platforms, and healthcare technology companies across Beijing, Hong Kong, and Singapore.
- Company typePrivate
- Founded2004
- HeadquartersMenlo Park, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What GSR Ventures does
GSR Ventures is a global venture capital firm founded in 2004 that invests in early-stage technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology. The firm manages $3.7 billion in assets under management across 8 USD funds and 4 RMB funds, operating from offices in Beijing (headquarters), Hong Kong (regional headquarters), and Singapore. The firm's portfolio includes several of Asia's most-valuable technology companies: Didi Chuxing, Ele.me (acquired by Alibaba), Qunar (NASDAQ: QUNR), and Xiaohongshu. Notable named managing directors include Allen Zhu and Richard Lim, who are publicly cited as long-tenured advisors to marquee portfolio founders.
The firm employs an operator-led model: its partners include founders, enterprise executives, physicians, and engineers with direct experience founding, managing, and exiting companies. GSR Ventures deploys capital directly into founding teams and supports them across management meetings, strategy, hiring, and follow-on financing, with a stated focus on "make-or-break" transformative decisions rather than incremental optimization. Revenue mechanics follow standard VC economics, comprising management fees on committed AUM (typically 1.5-2.0%) plus carried interest on successful exits; no per-deal pricing or fund LP composition is publicly disclosed.
Recent investment activity demonstrates an explicit AI-and-emerging-tech pivot. The firm is reportedly targeting a new $350 million fund dedicated to AI and emerging technologies to succeed its 2018 $400 million early-stage technology fund. Active 2025-2026 deployments span AI search (Genspark, $100M at $530M valuation), AI intelligent automation (Jiuke Information Series B2), vertical AI agents for foreign trade (Baixing Intelligence Pre-A lead), AI companion hardware (Haivivi), humanoid/embodied robotics (DaxAI Robot, lead), marine embodied intelligence (Shihang Intelligent, 1B yuan Series A), credit technology (Abound, $1B combined debt+equity), and on-chain investment infrastructure (Midas Software, $50M Series A). In March 2026 the firm signed as an ecosystem partner at the Zhongguancun Forum AI Future Forum alongside Sequoia China, Hillhouse, Matrix Partners, GGV, and Zhenzhi Capital.
GSR Ventures firmographics
Firmographics- Name
- GSR Ventures
- Legal name
- GSR Ventures
- Website
- https://gsrventures.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- GSR Ventures is a global venture capital firm founded in 2004 managing $3.7B across 12 funds, investing in early-stage AI-enabled enterprise software, consumer platforms, and healthcare technology companies across Beijing, Hong Kong, and Singapore.
- Ownership category
- akta.pro rank
GSR Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where GSR Ventures is headquartered
LocationHeadquarters
- HQ city
- Menlo Park
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
GSR Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Distribution channels1 record
Marketing channels3 records
GSR Ventures product offering
Product offeringCore offering
GSR Ventures is a global venture capital firm that raises capital from limited partners into a series of USD and RMB funds and deploys that capital as equity investments in early-stage technology companies. Its investment focus is on AI-enabled enterprise software, consumer platforms, and healthcare technology, with active operational support and participation in portfolio strategy from seed through exit.
Product overview
GSR Ventures is a venture capital firm, not a product company. As an investment firm focused on early-stage technology companies, it does not offer products or services in the traditional sense. The firm deploys capital into AI-enabled enterprise software, consumer platforms, and healthcare technology companies, with a portfolio including Didi Chuxing, Ele.me, Qunar, and Xiaohongshu. The company itself does not develop, sell, or license technology products.
Differentiator
Problem solved
Functional benefit
Products and services
- USD Early-Stage Technology Fund Program (8 USD funds)
- RMB-Denominated Technology Fund Program (4 RMB funds)
- AI and Emerging Technologies Fund (2026 vintage)
Quantifiable outcome
- Multiple successful exits including Didi Chuxing (valued at billions), Ele.me (acquired by Alibaba), Qunar (NASDAQ listed), Xiaohongshu (valued at $20B+)
Companies that use GSR Ventures
Customer profileSegments4 records
Ideal customer profiles2 records
GSR Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
GSR Ventures partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Zhongguancun Forum Ecosystem PartnersminorGSR Ventures signed as ecosystem partner for the International Innovation Service Agricultural Area at the AI Future Forum during the Zhongguancun Forum Annual Conference. Other signatories included Sequoia China, Hillhouse Capital, Matrix Partners, GGV Capital, and Zhenzhi Capital.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
GSR Ventures competitors and assessment
Company assessmentDirect peers
- HongShan (formerly Sequoia Capital China): HongShan is the leading China-focused early-to-growth technology venture firm, with comparable AUM scale and a similar focus on consumer internet, enterprise software, and healthcare. Co-signed together at Zhongguancun Forum 2026 ecosystem partner set.
- Hillhouse Capital: Hillhouse is a major Asia-focused investment firm with early-stage venture, growth, and public market capabilities. Like GSR, Hillhouse invests across consumer, healthcare, and enterprise technology, and is co-listed as a Zhongguancun AI Future Forum ecosystem partner.
- Matrix Partners China: Matrix Partners China is an early-stage technology venture firm investing in enterprise software, consumer, and healthcare across China. Direct comparable on stage, sector, and geography, and co-signatory at the Zhongguancun Forum.
- GGV Capital: GGV Capital is a global venture firm with deep China and US technology investing experience, focusing on enterprise software, consumer, and frontier tech. Closely comparable on stage, sector focus, and cross-border investing model; co-signatory at Zhongguancun Forum.
- ZhenFund: ZhenFund is a prominent China-based seed and early-stage technology venture firm with comparable focus on AI, enterprise software, and consumer startups. Closely comparable on stage and sector specialization.
- IDG Capital: IDG Capital is a long-established China and global technology venture firm with comparable stage and sector exposure (enterprise, consumer, healthcare). Comparable on fund structure, vintage depth, and global reach.
- Shunwei Capital: Shunwei Capital is a China-focused early-stage venture firm associated with Xiaomi, investing in AI, enterprise, and consumer technology. Comparable on stage, sector, and Chinese AI/consumer thesis.
- DCM Ventures: DCM is a global early-stage venture firm with strong US-China-Japan presence investing in enterprise, consumer, and fintech. Closely comparable on stage, cross-border dual-continent model, and consumer/enterprise vertical focus.
- Sinovation Ventures: Sinovation Ventures is a China-US early-stage technology venture firm investing in AI, enterprise, and consumer. Directly comparable on AI emphasis, dual-region model, and early-stage orientation.
- 5Y Capital (formerly Morningside Venture Capital): 5Y Capital is a leading China-focused early-to-growth venture firm with comparable AUM and stage focus across enterprise software, consumer, and healthcare technology. Directly comparable on stage, vintage, and sector orientation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
GSR Ventures social profiles
Digital presenceGSR Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
GSR Ventures leadership team
Management profileNumber of profiles
Profiles6 records
GSR Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GSR Ventures M&A and investment
M&A and investmentM&A
Investments503 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GSR Ventures
What does GSR Ventures do?
GSR Ventures is a global venture capital firm that raises capital from limited partners into a series of USD and RMB funds and deploys that capital as equity investments in early-stage technology companies. Its investment focus is on AI-enabled enterprise software, consumer platforms, and healthcare technology, with active operational support and participation in portfolio strategy from seed through exit.
Is GSR Ventures a public or private company?
GSR Ventures is a private company. It is classified as management employee owned and is currently operating.
When was GSR Ventures founded?
GSR Ventures was founded in 2004. It employs 51 to 100 people.
Where is GSR Ventures based?
GSR Ventures is headquartered in Menlo Park, United States, in the North America region.
Who are GSR Ventures's main competitors?
Direct peers on record are HongShan (formerly Sequoia Capital China), Hillhouse Capital, Matrix Partners China, GGV Capital, ZhenFund, IDG Capital, Shunwei Capital, DCM Ventures, Sinovation Ventures and 5Y Capital (formerly Morningside Venture Capital).
Does GSR Ventures have an API?
No public API is recorded for GSR Ventures.
What industry is GSR Ventures in?
GSR Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 523940 and its SIC code is 6282.