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Venture Capital
FINANCE | Investment Firms & Funds
gaorongvc.com

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Investments

324

Portfolio Exits

20

Funds

14

Service Providers

1

About Gaorong Capital

Gaorong Capital is a China-based venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies, consumption and retail, fintech, and enterprise services.

Gaorong Capital Headquarter Location

4101, 41th Floor, Radiance Jinhui Qiyang Road, Wangjing, Chaoyang District

Beijing, Beijing,

China

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Expert Collections containing Gaorong Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Gaorong Capital in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

113 items

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Gaorong Capital Web Traffic

Rank
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Page Views per Million (PVPM)
Reach per Million (RPM)
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Gaorong Capital Rank

Research containing Gaorong Capital

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Gaorong Capital in 4 CB Insights research briefs, most recently on Dec 9, 2021.

Latest Gaorong Capital News

Wi-Fi Chip Firm Zunpai Completes Several Hundred Million Yuan in Pre-A Investment Round

May 9, 2022

(Source: Zunpai) , Allin Capital, FutureX Capital, Vision Knight Capital, Haiwang Capital under Shanghai STVC Group, Hangzhou Anysoft Information Technology Co., Ltd., and other industrial investors. Previously, Zunpai completed angel investment of nearly 100 million yuan ($14.86 million) with Gaorong Capital as the lead investor and Jiangbei Jiakang Technology as co-investor in May 2021. Gaorong Capital continued its investment in the most recent round. These funds are reportedly intended mainly for R&D, testing, market expansion and corporate operations. Zunpai was established in March 2021. It is committed to providing high-performance, eco-intelligent scenario chipsets and solutions for families and enterprises. Currently, it is developing Wi-Fi 6 router chips and complete solutions at full speed. The company is headquartered in the eastern Chinese city of Nanjing, and its global R&D center is located in Zhang Jiang High-Tech Park, Shanghai. It also has offices in Shenzhen and Beijing. AP chips within Wi-Fi network hubs are equivalent to the base station of cellular networks, and have extremely high barriers for R&D. Its manufacturers are mainly from the US and Taiwan. Despite this, Zunpai recently obtained the RFIC film that was cast at the end of 2021 and successfully executed it. The company will mass produce chips for Wi-Fi 6 routers by the end of this year or early next year. In the process, the chips adopt the 28nm process. According to data from Gartner, 4.4 billion Wi-Fi chips were shipped worldwide in 2020, and the number is expected to reach 4.9 billion in 2022. In this market segment, according to data collected for the semiconductor industry, the market size of router/gateway Wi-Fi 6 chips in China was about 300 million yuan in 2019 and is expected to soar to 4.5 billion yuan in 2023.

Gaorong Capital Investments

324 Investments

Gaorong Capital has made 324 investments. Their latest investment was in Huayi Quantum as part of their Seed VC on April 4, 2022.

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Gaorong Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/22/2022

Seed VC

Huayi Quantum

$15.5M

Yes

4

4/20/2022

Series C

BAIMAOHUI.NET

Yes

5

4/13/2022

Seed VC

ZENUSTECH

Yes

5

4/9/2022

Series C

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10

3/18/2022

Seed VC

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10

Date

4/22/2022

4/20/2022

4/13/2022

4/9/2022

3/18/2022

Round

Seed VC

Series C

Seed VC

Series C

Seed VC

Company

Huayi Quantum

BAIMAOHUI.NET

ZENUSTECH

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Amount

$15.5M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

5

5

10

10

Gaorong Capital Portfolio Exits

20 Portfolio Exits

Gaorong Capital has 20 portfolio exits. Their latest portfolio exit was FarmGirl on May 18, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/18/2022

Corporate Majority

3

6/29/2021

IPO

$99M

17

6/11/2021

IPO

$99M

13

5/7/2021

IPO

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$99M

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10

11/19/2020

IPO

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10

Date

5/18/2022

6/29/2021

6/11/2021

5/7/2021

11/19/2020

Exit

Corporate Majority

IPO

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

17

13

10

10

Gaorong Capital Fund History

14 Fund Histories

Gaorong Capital has 14 funds, including Gaorong Capital USD Fund V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/26/2020

Gaorong Capital USD Fund V

$1,150M

1

10/9/2020

Gaorong Partners Fund V-A

$150M

1

10/9/2020

Gaorong Partners Fund V

$1,000M

1

12/6/2018

Gaorong Partners Fund IV-A

$99M

10

12/6/2018

Gaorong Partners Fund IV

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$99M

10

Closing Date

10/26/2020

10/9/2020

10/9/2020

12/6/2018

12/6/2018

Fund

Gaorong Capital USD Fund V

Gaorong Partners Fund V-A

Gaorong Partners Fund V

Gaorong Partners Fund IV-A

Gaorong Partners Fund IV

Fund Type

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Status

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Amount

$1,150M

$150M

$1,000M

$99M

$99M

Sources

1

1

1

10

10

Gaorong Capital Service Providers

1 Service Provider

Gaorong Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Gaorong Capital Team

4 Team Members

Gaorong Capital has 4 team members, including current Chief Financial Officer, Anthony Wu.

Name

Work History

Title

Status

Anthony Wu

Chief Financial Officer

Current

Xiang Gao

Founding Partner

Current

Bin Yue

Founding Partner

Current

Zhen Zhang

Founding Partner

Current

Name

Anthony Wu

Xiang Gao

Bin Yue

Zhen Zhang

Work History

Title

Chief Financial Officer

Founding Partner

Founding Partner

Founding Partner

Status

Current

Current

Current

Current

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