# GSR Ventures: portfolio, investments and team

> GSR Ventures is a vc firm based in United States. 80 investments on record, latest Mar 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/gsr-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# GSR Ventures

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

Email

Quiet New fund $350M, Jan 2022 VC firm

Pre-seed Seed Series A AI & Machine Learning Advertising (AdTech) Apps

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 80 on record

Since the last cheque **600** days **00** hrs **00** min **00** sec

Median round **$19M** Cheque size, as they say **$100K – $20M** Rounds led **0 of 80** Sole investor **18 rounds** Exits **4 from the portfolio** Mostly in **United States, 46%**

Pitch GSR Ventures

## GSR Ventures highlights

- 01 80 rounds on record
- 02 Mostly Series A and Series B: 73% of its rounds
- 03 Sole investor in 18 rounds, median $8.5M
- 04 4 exits from the portfolio

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2022-01 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $20M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** AI & Machine Learning Advertising (AdTech) Apps
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **80 appearances**

- **2025** 1 round
- **Mar** **[Infinite Uptime](https://millionrounds.com/company/infinite-uptime)** Series C · IN · TechCrunch **$35M** With 4 others
- **2024** 1 round
- **Jun** **[Cookie3](https://millionrounds.com/company/cookie3)** Seed · EE **$3.3M** With 3 others
- **2019** 5 rounds
- **Dec** **[Neuron Mobility](https://millionrounds.com/company/neuron-mobility)** Series A · SG · TechCrunch **$19M** Sole investor
- **Nov** **[Deep 6 AI](https://millionrounds.com/company/deep-6-ai)** Series A · US · Businesswire **$17M** With 1 other
- **Nov** **[OPay](https://millionrounds.com/company/opay)** Series B · NG · FinSMEs **$120M** With 9 others
- **Nov** **[Diamanti](https://millionrounds.com/company/diamanti)** Series C · US · Finance **$35M** With 5 others
- **Sept** **[Skyroam](https://millionrounds.com/company/skyroam)** Series C · US · FinSMEs **$20M** With 5 others
- **2018** 1 round
- **Jul** **[Advance.ai](https://millionrounds.com/company/advance-ai)** Series B · CN · China Money Network **$50M** With 5 others
- **2017** 3 rounds
- **Mar** **[Kinsa](https://millionrounds.com/company/kinsa)** US · FinSMEs **$17M** With 2 others
- **Feb** **[C3Nano](https://millionrounds.com/company/c3nano)** US · FinSMEs **$15M** With 2 others
- **Feb** **[Diamanti](https://millionrounds.com/company/diamanti)** Series B · US · FinSMEs **$18M** With 3 others
- **2016** 1 round
- **Dec** **[Next Entertainment](https://millionrounds.com/company/next-entertainment)** Series A · TW · FinSMEs **$25M** With 3 others
- **2015** 5 rounds
- **Nov** **[Yunnex](https://millionrounds.com/company/yunnex)** Series A **$16M** With 1 other
- **Oct** **[DataVisor](https://millionrounds.com/company/datavisor)** Series A · US **$15M** With 1 other
- **May** **[Directive Games](https://millionrounds.com/company/directive-games)** Series A **$3.5M** Sole investor
- **Feb** **[Boston Power](https://millionrounds.com/company/boston-power)** Debt · US **$20M** Sole investor
- **Jan** **[Xuexibao](https://millionrounds.com/company/xuexibao)** Series B · CN **$20M** With 1 other
- **2014** 3 rounds
- **Dec** **[Seeo](https://millionrounds.com/company/seeo)** Series E · US **$17M** With 2 others
- **Nov** **[C3Nano](https://millionrounds.com/company/c3nano)** Series C · US **$12M** With 2 others
- **Aug** **[Meilapp.com](https://millionrounds.com/company/meilapp-com)** Series B · CN **$20M** With 3 others
- **2013** 6 rounds
- **Dec** **[Skyroam](https://millionrounds.com/company/skyroam)** Series B · US **$5.0M** With 3 others
- **Nov** **[Ele.me](https://millionrounds.com/company/ele-me)** Series C · CN · technode.com **$25M** With 2 others
- **Oct** **[M-DAQ](https://millionrounds.com/company/m-daq)** Series B · SG · finsmes.com **$12M** With 1 other
- **Jul** **[iBoxPay](https://millionrounds.com/company/iboxpay)** Series B · CN · finsmes.com **$10M** With 1 other
- **Jun** **[Mirabilis Medica](https://millionrounds.com/company/mirabilis-medica)** Series A · US · pehub.com **$7.0M** Sole investor
- **Feb** **[Ele.me](https://millionrounds.com/company/ele-me)** Series B · CN · technode.com **Undisclosed** With 1 other
- **2012** 6 rounds
- **Sept** **[Didi Kuaidi](https://millionrounds.com/company/didi-kuaidi)** Series A · CN **$2.0M** Sole investor
- **Jul** **[Protean Electric](https://millionrounds.com/company/protean-electric)** Growth · US · prnewswire.com **$84M** With 2 others
- **Jun** **[iBoxPay](https://millionrounds.com/company/iboxpay)** Series A · CN **$2.2M** Sole investor
- **Feb** **[C3Nano](https://millionrounds.com/company/c3nano)** Series B · US · c3nano.com **$6.7M** With 1 other
- **Jan** **[Funplus](https://millionrounds.com/company/funplus)** Series A · CN **$13M** With 1 other
- **Jan** **[Shanghai Yimu Network Technology Co.](https://millionrounds.com/company/shanghai-yimu-network-technology-co)** Series B · CN **Undisclosed** Sole investor
- **2011** 18 rounds
- **Dec** **[Boston Power](https://millionrounds.com/company/boston-power)** Growth · US · masshightech.com **$30M** With 2 others
- **Dec** **[Shanghai Yimu Network Technology Co.](https://millionrounds.com/company/shanghai-yimu-network-technology-co)** Series A · CN **Undisclosed** Sole investor
- **Dec** **[IZP Technologies](https://millionrounds.com/company/izp-technologies)** Venture · CN **$1.0M** With 1 other
- **Dec** **[Beijing Infinite World](https://millionrounds.com/company/beijing-infinite-world)** Series B **$10M** Sole investor
- **Oct** **[Liquidity Nanotech Corporation](https://millionrounds.com/company/liquidity-nanotech-corporation)** Series A · US **$8.4M** With 2 others
- **Oct** **[VIPstore.com](https://millionrounds.com/company/vipstore-com)** Series C · CN **Undisclosed** With 2 others
- **Sept** **[Boston Power](https://millionrounds.com/company/boston-power)** Growth · US · eon.businesswire.com **$125M** With 2 others
- **Jun** **[SunSun Lighting](https://millionrounds.com/company/sunsun-lighting)** Series A · CN · finsmes.com **$10M** Sole 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 registration **9 named**

AP **Alex Pan** Executive Officer i Filing they signed

AP **Alexander Pan** Shareholder / Director i Form ADV

AZ **Allen Zhu** Director of the General Partner of the General Partner i Filing they signed

JD **James Ding** DIRECTOR OF THE GENERAL PARTNER OF THE GENERAL PARTNER i Filing they signed

JD **Jian Ding** Shareholder / Director i Form ADV

RL **Richard Lim** MANAGING MEMBER OF THE GENERAL PARTNER OF THE GENERAL PARTNER i Filing they signed

RS **Ryann Shu Fern Yap** Director of the General Partner of the General Partner i Filing they signed

SW **Sonny Wu** Executive Officer i Filing they signed

YZ **Yutong Zhang** Director of the General Partner of the General Partner i Filing 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

**$4.3B** gross assets of its funds Oct 2026

**4+** funds on file numbered funds in its name

**Exempt** reporting adviser venture 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 listed **4 in all**

**[Seeo](https://millionrounds.com/company/seeo)** Bought by Robert Bosch GmBH **Undisclosed** Aug 2015

**[AdChina](https://millionrounds.com/company/adchina)** Bought by [Alibaba](https://millionrounds.com/fund/alibaba) **Undisclosed** Jan 2015

**[VIPstore.com](https://millionrounds.com/company/vipstore-com)** Bought by [Macy's](https://millionrounds.com/fund/macy-s) **$15M** May 2012

**[VIPstore.com](https://millionrounds.com/company/vipstore-com)** Bought by [Macy's](https://millionrounds.com/fund/macy-s) **$15M** Jan 2012

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

New fund on file

**$350M**

raised in Jan 2022

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$19M** the round, not its cheque Alone, median **$8.5M**

Led 0 of 80 rounds **0%**

- **Said size:** $100K – $20M
- **Sole investor:** 18 rounds
- **Last cheque:** Mar 2025
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Series A said *28*
- Series B said *24*
- Series C *13*
- Venture *3*
- Growth said *3*
- Pre-seed said *-*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Mayfield Fund](https://millionrounds.com/fund/mayfield) 12
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 6
- [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) 4
- [Signia Venture Partners](https://millionrounds.com/fund/signia-venture-partners) 4
- [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) 4
- [Ceyuan Ventures](https://millionrounds.com/fund/ceyuan-ventures) 3

**Pitching GSR Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## 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 Fund** VC firm **12** rounds together](https://millionrounds.com/fund/mayfield)[**Sequoia Capital** VC firm **6** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Oak Investment Partners** Private equity **4** rounds together](https://millionrounds.com/fund/oak-investment-partners)[**Signia Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/signia-venture-partners)[**Tenaya Capital** VC firm **4** rounds together](https://millionrounds.com/fund/tenaya-capital)[**Ceyuan Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/ceyuan-ventures)[**IDG Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/idg-ventures)[**Kleiner Perkins Caufield & Byers** VC firm **3** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Norwest Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/norwest)[**eBay** Corporate VC **3** rounds together](https://millionrounds.com/fund/ebay)[**AsiaVest Partners** Investment firm **2** rounds together](https://millionrounds.com/fund/asiavest-partners)[**Benchmark** VC firm **2** rounds together](https://millionrounds.com/fund/benchmark)

## Recently backed

The latest companies GSR Ventures put money into.

[**Cookie3** $3.3M · Jun 2024](https://millionrounds.com/company/cookie3)[**Neuron Mobility** $19M · Dec 2019](https://millionrounds.com/company/neuron-mobility)[**Deep 6 AI** $17M · Nov 2019](https://millionrounds.com/company/deep-6-ai)[**Diamanti** $35M · Nov 2019](https://millionrounds.com/company/diamanti)[**Skyroam** $20M · Sept 2019](https://millionrounds.com/company/skyroam)[**Kinsa** $17M · Mar 2017](https://millionrounds.com/company/kinsa)

## 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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