# Who Invests With Gaorong Capital: 40 Co-Investors (2026) > The 40 investors that have backed two or more of the same startups as Gaorong Capital, by kind: vc firms, private equity and asset managers and corporate... Source: https://millionrounds.com/portfolio-maps/gaorong-capital-co-investors (Millionrounds; every figure on the page links to its filing or article) ## VC firms 32 - [HSG](https://millionrounds.com/fund/hsg) - [5Y Capital](https://millionrounds.com/fund/5y-capital) - [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) - [ZhenFund](https://millionrounds.com/fund/zhenfund) - [Shunwei Capital](https://millionrounds.com/fund/shunwei-capital) - [Source Code Capital](https://millionrounds.com/fund/source-code-capital) - [Legend Capital](https://millionrounds.com/fund/legend-capital) - [Xiaomi](https://millionrounds.com/fund/xiaomi) - [Qiming Venture Partners](https://millionrounds.com/fund/qiming-venture-partners) - [*VP* Vision Plus Capital](https://millionrounds.com/fund/vision-plus-capital-2) - [GGV Capital](https://millionrounds.com/fund/ggv-capital) - [GSR](https://millionrounds.com/fund/gsr) - [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) - [BAI Capital](https://millionrounds.com/fund/bai-capital-2) - [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) - [GF Xinde Investment Management](https://millionrounds.com/fund/gf-xinde-investment-management) - [K2VC](https://millionrounds.com/fund/k2vc) - [Northern Light Venture Capital](https://millionrounds.com/fund/nlvc) - [Redpoint](https://millionrounds.com/fund/redpoint) - [China Merchants Capital](https://millionrounds.com/fund/china-merchants-capital) - [Sinovation Ventures](https://millionrounds.com/fund/sinovation-ventures) - [SoftBank](https://millionrounds.com/fund/softbank-2) - [Sky9 Capital](https://millionrounds.com/fund/sky9-capital) - [*MP* Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) +8 more ## Private equity and asset managers 5 - [IDG Capital](https://millionrounds.com/fund/idg-capital) - [CDH Investments](https://millionrounds.com/fund/cdh-investments) - [Boyu Capital](https://millionrounds.com/fund/boyu-capital) - [EQT](https://millionrounds.com/fund/eqt) - [Pavilion Capital](https://millionrounds.com/fund/pavilion-capital) ## Corporate investors 3 - [Ant Group](https://millionrounds.com/fund/ant-group) - [Google Ventures](https://millionrounds.com/fund/gv) - [Alibaba Group](https://millionrounds.com/fund/alibaba-group) ## Segment by segment ### VC firms 32 investors - [**HSG**](https://millionrounds.com/fund/hsg) VC firm Hong Kong SAR China 13 backed - [**5Y Capital**](https://millionrounds.com/fund/5y-capital) VC firm China 9 backed - [**Tengxun Touzi**](https://millionrounds.com/fund/tengxun-touzi) VC firm China 9 backed - [**ZhenFund**](https://millionrounds.com/fund/zhenfund) VC firm China 7 backed - [**Shunwei Capital**](https://millionrounds.com/fund/shunwei-capital) VC firm China 5 backed - [**Source Code Capital**](https://millionrounds.com/fund/source-code-capital) VC firm China 5 backed - [**Legend Capital**](https://millionrounds.com/fund/legend-capital) VC firm China 4 backed - [**Xiaomi**](https://millionrounds.com/fund/xiaomi) Investment firm China 4 backed ### Private equity and asset managers 5 investors - [**IDG Capital**](https://millionrounds.com/fund/idg-capital) Private equity China 11 backed - [**CDH Investments**](https://millionrounds.com/fund/cdh-investments) Private equity Hong Kong SAR China 4 backed - [**Boyu Capital**](https://millionrounds.com/fund/boyu-capital) Private equity Hong Kong SAR China 3 backed - [**EQT**](https://millionrounds.com/fund/eqt) Private equity Sweden 2 backed - [**Pavilion Capital**](https://millionrounds.com/fund/pavilion-capital) Private equity United States 2 backed ### Corporate investors 3 investors - [**Ant Group**](https://millionrounds.com/fund/ant-group) Corporate investor China 2 backed - [**Google Ventures**](https://millionrounds.com/fund/gv) Corporate investor United States 2 backed - [**Alibaba Group**](https://millionrounds.com/fund/alibaba-group) Corporate investor China 2 backed **How this map is made.** Every investor here has backed two or more of the same startups as Gaorong Capital, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Gaorong Capital. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Portfolio map **Gaorong Capital portfolio map** 65 startups · $9.6B](https://millionrounds.com/portfolio-maps/gaorong-capital-portfolio-map)[Sector portfolio **Gaorong Capital's AI portfolio** 22 startups · $6.4B](https://millionrounds.com/portfolio-maps/gaorong-capital-ai-portfolio)[Co-investors **Who invests with Tengxun Touzi** 242 co-investors](https://millionrounds.com/portfolio-maps/tengxun-touzi-co-investors)[Co-investors **Who invests with LD Capital** 92 co-investors](https://millionrounds.com/portfolio-maps/xie-co-investors)[Co-investors **Who invests with ZhenFund** 71 co-investors](https://millionrounds.com/portfolio-maps/zhenfund-co-investors)[Co-investors **Who invests with Cathay Innovation** 64 co-investors](https://millionrounds.com/portfolio-maps/cathay-innovation-co-investors) ## Raising from investors like Gaorong Capital? 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