United States · Investor

GSR Ventures

Last cheque observed Mar 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

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QuietNew fund $350M, Jan 2022VC firm

Pre-seedSeedSeries AAI & Machine LearningAdvertising (AdTech)Apps

Cheques on record
0%of best year0cheques in 12 months, 80 on record
Since the last cheque600days00hrs00min00sec
Median round$19MCheque size, as they say$100K – $20MRounds led0 of 80Sole investor18 roundsExits4 from the portfolioMostly inUnited States, 46%
Pitch GSR Ventures

GSR Ventures highlights

  1. 01

    80 rounds on record

  2. 02

    Mostly Series A and Series B: 73% of its rounds

  3. 03

    Sole investor in 18 rounds, median $8.5M

  4. 04

    4 exits from the portfolio

What they do

Filed 1 private fund offering with the SEC, the most recent in 2022-01From their own website
Type
VC firm (from a list, unverified)
Cheque size
$100K – $20M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
AI & Machine LearningAdvertising (AdTech)Apps
Based in
Menlo Park, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first80 appearances

  1. 2025

    1 round

  2. Mar
    Infinite UptimeSeries C · IN · TechCrunch$35MWith 4 others
  3. 2024

    1 round

  4. Jun
    Cookie3Seed · EE$3.3MWith 3 others
  5. 2019

    5 rounds

  6. Dec
    Neuron MobilitySeries A · SG · TechCrunch$19MSole investor
  7. Nov
    Deep 6 AISeries A · US · Businesswire$17MWith 1 other
  8. Nov
    OPaySeries B · NG · FinSMEs$120MWith 9 others
  9. Nov
    DiamantiSeries C · US · Finance$35MWith 5 others
  10. Sept
    SkyroamSeries C · US · FinSMEs$20MWith 5 others
  11. 2018

    1 round

  12. Jul
    Advance.aiSeries B · CN · China Money Network$50MWith 5 others
  13. 2017

    3 rounds

  14. Mar
    KinsaUS · FinSMEs$17MWith 2 others
  15. Feb
    C3NanoUS · FinSMEs$15MWith 2 others
  16. Feb
    DiamantiSeries B · US · FinSMEs$18MWith 3 others
  17. 2016

    1 round

  18. Dec
    Next EntertainmentSeries A · TW · FinSMEs$25MWith 3 others
  19. 2015

    5 rounds

  20. Nov
    YunnexSeries A$16MWith 1 other
  21. Oct
    DataVisorSeries A · US$15MWith 1 other
  22. May
    Directive GamesSeries A$3.5MSole investor
  23. Feb
    Boston PowerDebt · US$20MSole investor
  24. Jan
    XuexibaoSeries B · CN$20MWith 1 other
  25. 2014

    3 rounds

  26. Dec
    SeeoSeries E · US$17MWith 2 others
  27. Nov
    C3NanoSeries C · US$12MWith 2 others
  28. Aug
    Meilapp.comSeries B · CN$20MWith 3 others
  29. 2013

    6 rounds

  30. Dec
    SkyroamSeries B · US$5.0MWith 3 others
  31. Nov
    Ele.meSeries C · CN · technode.com$25MWith 2 others
  32. Oct
    M-DAQSeries B · SG · finsmes.com$12MWith 1 other
  33. Jul
    iBoxPaySeries B · CN · finsmes.com$10MWith 1 other
  34. Jun
    Mirabilis MedicaSeries A · US · pehub.com$7.0MSole investor
  35. Feb
    Ele.meSeries B · CN · technode.comUndisclosedWith 1 other
  36. 2012

    6 rounds

  37. Sept
    Didi KuaidiSeries A · CN$2.0MSole investor
  38. Jul
    Protean ElectricGrowth · US · prnewswire.com$84MWith 2 others
  39. Jun
    iBoxPaySeries A · CN$2.2MSole investor
  40. Feb
    C3NanoSeries B · US · c3nano.com$6.7MWith 1 other
  41. Jan
    FunplusSeries A · CN$13MWith 1 other
  42. Jan
    Shanghai Yimu Network Technology Co.Series B · CNUndisclosedSole investor
  43. 2011

    18 rounds

  44. Dec
    Boston PowerGrowth · US · masshightech.com$30MWith 2 others
  45. Dec
    Shanghai Yimu Network Technology Co.Series A · CNUndisclosedSole investor
  46. Dec
    IZP TechnologiesVenture · CN$1.0MWith 1 other
  47. Dec
    Beijing Infinite WorldSeries B$10MSole investor
  48. Oct
    Liquidity Nanotech CorporationSeries A · US$8.4MWith 2 others
  49. Oct
    VIPstore.comSeries C · CNUndisclosedWith 2 others
  50. Sept
    Boston PowerGrowth · US · eon.businesswire.com$125MWith 2 others
  51. Jun
    SunSun LightingSeries A · CN · finsmes.com$10MSole investor

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 registration9 named

APAlex PanExecutive OfficeriFiling they signed
APAlexander PanShareholder / DirectoriForm ADV
AZAllen ZhuDirector of the General Partner of the General PartneriFiling they signed
JDJames DingDIRECTOR OF THE GENERAL PARTNER OF THE GENERAL PARTNERiFiling they signed
JDJian DingShareholder / DirectoriForm ADV
RLRichard LimMANAGING MEMBER OF THE GENERAL PARTNER OF THE GENERAL PARTNERiFiling they signed
RSRyann Shu Fern YapDirector of the General Partner of the General PartneriFiling they signed
SWSonny WuExecutive OfficeriFiling they signed
YZYutong ZhangDirector of the General Partner of the General PartneriFiling they signed

We also hold 25 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

$4.3Bgross assets of its fundsOct 2026
4+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
Legal name
Golden SAND River, LTD.
SEC number
CRD 288029

Exits from the portfolio

Companies it backed that were later bought or listed4 in all

SeeoBought by Robert Bosch GmBHUndisclosedAug 2015
AdChinaBought by AlibabaUndisclosedJan 2015
VIPstore.comBought by Macy's$15MMay 2012
VIPstore.comBought by Macy's$15MJan 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

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

Mayfield FundVC firm12rounds togetherSequoia CapitalVC firm6rounds togetherOak Investment PartnersPrivate equity4rounds togetherSignia Venture PartnersVC firm4rounds togetherTenaya CapitalVC firm4rounds togetherCeyuan VenturesVC firm3rounds togetherIDG VenturesVC firm3rounds togetherKleiner Perkins Caufield & ByersVC firm3rounds togetherNorwest Venture PartnersVC firm3rounds togethereBayCorporate VC3rounds togetherAsiaVest PartnersInvestment firm2rounds togetherBenchmarkVC firm2rounds together

Recently backed

The latest companies GSR Ventures put money into.

Cookie3$3.3M · Jun 2024Neuron Mobility$19M · Dec 2019Deep 6 AI$17M · Nov 2019Diamanti$35M · Nov 2019Skyroam$20M · Sept 2019Kinsa$17M · Mar 2017

Quick answers about GSR Ventures

What does GSR Ventures invest in?

GSR Ventures invests most often at Series A and Series B (73% of the rounds on record), in sectors such as AI & Machine Learning, Advertising (AdTech) and Apps.

How active is GSR Ventures?

80 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2025.

What has GSR Ventures invested in recently?

Its most recent investments on record: Infinite Uptime (Series C, Mar 2025), Cookie3 (Seed, Jun 2024) and Neuron Mobility (Series A, Dec 2019).

How big are GSR Ventures's cheques?

The median round it joins is $19M. It says it writes cheques of $100K to $20M.

Does GSR Ventures lead rounds?

Rarely, if at all: none of its 80 investments on record names it as the lead.

Where does GSR Ventures invest?

Most of the companies it backs are in the United States (46%), China (38%) and Singapore (5%).

Is GSR Ventures investing now?

No investments in the last 12 months; the latest was in Mar 2025.

Who does GSR Ventures invest alongside?

Most often Mayfield Fund (12 rounds together), Sequoia Capital (6 rounds together) and Oak Investment Partners (4 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