China · Investor

Gaorong Capital

Last cheque observed Oct 2026; 183 cheques on record.

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Deploying nowVC firm

Pre-seedSeedSeries AGenaiAigcHardtech

Deploying now
93%of best year26cheques in 12 months, 183 on record
Since the last cheque1days00hrs00min00sec
Median round$30MCheque size, as they say$3.0M – $30MRounds led1 of 183Sole investor36 roundsMostly inUnited States, 33%
Pitch Gaorong Capital

Gaorong Capital highlights

  1. 01

    26 cheques in the last 12 months

  2. 02

    Mostly Series A and Venture: 57% of its rounds

  3. 03

    Sole investor in 36 rounds, median $7.5M

What they do

Type
VC firm (from a list, unverified)
Cheque size
$3.0M – $30M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
GenaiAigcHardtech
Based in
Wangjing, China
Cold pitches
Not stated

The record

Every round we can evidence, newest first183 appearances

  1. 2026

    20 rounds

  2. Oct
    Archon RoboticsSeed · CN · Google News searchUndisclosedWith 6 others
  3. Sept
    Anew LabsCN · TechStartups$290MWith 8 others
  4. Sept
    Moonwalk BiosciencesSeries B · US$70MWith 4 others
  5. Sept
    Cornerstone RoboticsVenture · HK$700MWith 3 others
  6. Aug
    XPeng's robotics unitCN · TechNode$900MWith 3 others
  7. Aug
    Xpeng RoboticsCN · TechStartups$900MWith 5 others
  8. Aug
    ALLYRNA PharmaceuticalsSeed · HK$100MWith 1 other
  9. Jul
    MiniMaxSG$1.2BWith 3 others
  10. Jun
    AxoftSeries A · US · Ventureburn$55MWith 6 others
  11. Jun
    Shuimu BioSciencesVenture · USUndisclosedWith 1 other
  12. May
    NuroVenture · USUndisclosedWith 3 others
  13. May
    NothingVenture · GBUndisclosedWith 4 others
  14. Mar
    KargoBotSeries B$100MWith 1 other
  15. Mar
    FlexivVenture · USUndisclosedWith 2 others
  16. Mar
    Zhijian PowerVentureUndisclosedWith 4 others
  17. Mar
    HT AeroVenture$200MWith 4 others
  18. Mar
    ImmunofocoVenture$29MSole investor
  19. Feb
    CascadeVenture · US$72MWith 1 other
  20. Feb
    NeolixVentureUndisclosedWith 3 others
  21. Jan
    ZenitarSeries C$86MWith 2 others
  22. 2025

    23 rounds

  23. Dec
    MiniMaxVenture · SGUndisclosedWith 4 others
  24. Dec
    NothingCrowdfunding · GB$8.0MWith 3 others
  25. Dec
    Allink BiotherapeuticsSeries A$47MWith 2 others
  26. Nov
    Cornerstone RoboticsVenture · HK$200MWith 4 others
  27. Nov
    Kind PharmaceuticalSeries C$56MWith 1 other
  28. Nov
    WIZ.AIVenture · SGUndisclosedWith 2 others
  29. Oct
    Shexu TechnologyVentureUndisclosedWith 2 others
  30. Oct
    LibLib AISeries B$130MWith 4 others
  31. Sept
    Adaps PhotonicsSeries C$14MWith 1 other
  32. Sept
    M.AI Unbound, IncSeed · US$25MWith 3 others
  33. Sept
    CytoNicheVentureUndisclosedWith 3 others
  34. Aug
    Nova FusionPre-seed$69MWith 1 other
  35. Aug
    MiAOSeries B · SG$14MWith 1 other
  36. Aug
    ALLYRNA PharmaceuticalsSeed · HK$10MSole investor
  37. Jul
    Huayi QuantumVentureUndisclosedWith 3 others
  38. Jul
    GongbilinSeries A$14MWith 1 other
  39. Jun
    BOSS Zhipin$280MWith 4 others
  40. Jun
    Biren TechnologyVenture$209MWith 4 others
  41. May
    AkroStarVentureUndisclosedWith 4 others
  42. Apr
    eCloudTechVentureUndisclosedWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration2 named

XGXiang GaoDirector of Banyan Capital Partners Ltd.iForm ADV
ZZZhen ZhangDirector of Banyan Capital Partners Ltd.iForm ADV

We also hold 16 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$7.7Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Banyan Capital Partners LTD.
SEC number
CRD 170221

Who they invest alongside

The investors most often in the same rounds as Gaorong Capital. A count of rooms they were both in, not a relationship either has claimed.

HSGVC firm27rounds togetherIDG CapitalPrivate equity23rounds together5Y CapitalVC firm17rounds togetherTengxun TouziVC firm17rounds togetherHill House CapitalFamily office14rounds togetherZhenFundVC firm13rounds togetherShunwei CapitalVC firm10rounds togetherSource Code CapitalVC firm10rounds togetherLegend CapitalVC firm8rounds togetherQiming Venture PartnersVC firm8rounds togetherMatrix Partners ChinaVC firm7rounds togetherCDH InvestmentsPrivate equity6rounds together

Recently backed

The latest companies Gaorong Capital put money into.

Moonwalk Biosciences$70M · Sept 2026Cornerstone Robotics$700M · Sept 2026Axoft$55M · Jun 2026Shuimu BioSciencesJun 2026NuroMay 2026NothingMay 2026

Quick answers about Gaorong Capital

What does Gaorong Capital invest in?

Gaorong Capital invests most often at Series A and Venture (57% of the rounds on record), in sectors such as Genai, Aigc and Hardtech.

How active is Gaorong Capital?

183 investments on record, 26 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

What has Gaorong Capital invested in recently?

Its most recent investments on record: Archon Robotics (Seed, Oct 2026), Anew Labs (Undisclosed round, Sept 2026) and Moonwalk Biosciences (Series B, Sept 2026).

How big are Gaorong Capital's cheques?

The median round it joins is $30M. It says it writes cheques of $3.0M to $30M.

Does Gaorong Capital lead rounds?

Sometimes: it led 1 of its 183 investments on record (1%).

Where does Gaorong Capital invest?

Most of the companies it backs are in the United States (33%), China (19%) and Hong Kong SAR China (19%).

Is Gaorong Capital investing now?

Yes: it is actively investing, with 26 investments in the last 12 months.

Who does Gaorong Capital invest alongside?

Most often HSG (27 rounds together), IDG Capital (23 rounds together) and 5Y Capital (17 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it