GoldenSand Capital

GSR Capital is an investment company founded in 2004 by Sonny Wu and Richard Lim, focused on achieving sector leadership and global expansion through unique investment strategies. The firm aims to foster innovation and develop emerging industries by engaging in strategic global mergers and acquisitions, as well as localizing investments in China. Over the past decade, GSR Capital has invested in transformative companies such as Lattice Power, Didi Chuxing, Xindayang EV, and Silevo Solar, reflecting its commitment to advancing new industries. The company has also pursued notable acquisitions, including Philips Lumildes LED, to further its mission. GSR Capital operates offices in Beijing, Hong Kong, and the United States.

Sonny Wu

Founder and Chairman

27 past transactions

Anlihua Automobile

Seed Round in 2023
Anlihua Automobile is a new energy vehicle technology company that focuses on R&D , procurement, manufacturing, marketing, and sales of auto parts, product design, etc., of new energy vehicles.

Xishu Technology

Seed Round in 2022
Xishu Technology is an IT operation and maintenance service provider.

T.E.A.M DAO

Series A in 2022
T.E.A.M DAO is a decentralized gaming guild focused on the emerging Web3 economy, catering to both aspiring players and asset managers. The company operates a fantasy non-fungible token league platform that allows users to participate in GameFi activities. It provides an esports platform built on blockchain technology, enabling gamers to play, buy, and sell teams within various games and metaverses. By facilitating these interactions, T.E.A.M DAO creates opportunities for users to generate income through diverse gaming experiences.

Trensor

Series B in 2021
Trensor Co. Ltd. is a specialized manufacturer of pressure sensors, established in 2008 and headquartered in Wuxi, China, with additional offices in Lake Forest, California; Las Vegas, Nevada; and Detroit, Michigan. The company focuses on developing advanced sensor technology, incorporating MEMS, thick and thin film components, and proprietary ASIC chips tailored predominantly for the automotive sector. Trensor's product offerings extend to various industries, including heating, ventilation, air conditioning, refrigeration, industrial applications, off-road vehicles, transportation, marine, and rail. By employing exclusive manufacturing techniques and performance-critical components, Trensor ensures high-quality solutions. The company is equipped with a global infrastructure that supports logistical needs, engineering, customer support, and sales services across North America, Europe, and Asia, catering to a diverse clientele.

GaN Systems

Venture Round in 2021
GaN Systems Inc. is a semiconductor company specializing in the development and manufacture of gallium nitride power switching transistors. Founded in 2008 and headquartered in Ottawa, Canada, the company also has offices in Japan, China, and Germany. It offers a variety of products, including 650 V and 100 V E-HEMT transistors and wireless power amplifiers, which are utilized in various applications such as consumer electronics, industrial systems, renewable energy solutions, and transportation. GaN Systems aims to address significant challenges in power systems by providing high-efficiency and compact power solutions, ultimately enabling improvements in energy efficiency and cost-effectiveness for its clients across different sectors. The company serves a diverse market, including consumer brands and enterprise equipment manufacturers in Asia and beyond.

Clounix

Seed Round in 2021
Clounix is a software startup specializing in high-performance network chips and solutions. The company focuses on developing application-specific integrated circuits (ASICs) designed for cloud networking, which enhance high-speed packet switching capabilities. By emphasizing low latency and ultra-high-speed principles, Clounix supports super-internet companies, medium and large enterprises, and network operators in building next-generation networks and data centers. Their efforts include creating both the underlying hardware and customized software that align with cloud-native environments, thereby facilitating the advancement of cutting-edge networking technology.

VisIC Technologies

Series F in 2021
VisIC Technologies Ltd., founded in 2010 and based in Ness Ziona, Israel, specializes in the development of gallium nitride (GaN) semiconductors designed for high voltage power conversion applications. The company focuses on providing innovative solutions for motor drives, uninterruptible power supplies (UPS), green energy systems, and various power supply needs. Its GaN transistors and switches offer significant advantages over traditional wide band-gap semiconductors, particularly in terms of performance across a wide range of switching frequencies, from several hertz to hundreds of gigahertz. These advancements enable clients to achieve high breakdown voltages and high current densities, positioning VisIC Technologies as a key player in the evolving power conversion market.

Yecuishan

Series A in 2021
Yecuishan is a new-style tea brand, which focuses on fashionable and healthy juice fresh drinks

GlobalSTOx

Venture Round in 2021
GlobalSTOx Ltd. is a company based in Chaiwan, Hong Kong, specializing in the development and operation of a regulated security tokens exchange. Founded in 2018, GlobalSTOx provides investors with tools and trade management solutions, facilitating the buying and selling of digital assets through its trading platform, APX.HK. The company integrates Internet of Things (IoT) and artificial intelligence (AI) technologies to enhance user experience and streamline trade activities, positioning itself as a key player in the digital asset marketplace.

tZERO

Venture Round in 2020
tZERO is a financial technology company that specializes in blockchain solutions for the trading of digital securities. The firm aims to transform the market for both private and digital securities by integrating blockchain technology into traditional trading practices. tZERO provides institutional-grade solutions for issuers interested in digitizing their capital tables and facilitates trading on a regulated alternative trading system. By leveraging innovative technology, tZERO seeks to enhance market efficiency and accessibility for companies, entrepreneurs, and both retail and institutional investors.

Xiaobang Bang CRM

Series A in 2019
Hangzhou Xiaobang Network Technology Co., Ltd. specializes in developing customer relationship management (CRM) software solutions tailored for small, medium, and micro enterprises. Founded in 2015 and based in Hangzhou, China, the company offers a range of services including order management, sales management, sales automation, data analysis, invoicing management, and production management. Additionally, Xiaobang Bang CRM utilizes cloud computing and big data technologies to enhance its mobile SaaS offerings, aiming to streamline sales collaboration and improve overall business efficiency for its clients.

Deeproute

Seed Round in 2019
DeepRoute.ai focuses on creating autonomous driving solutions that enhance safety and reliability in transportation. The company offers products like Driver 3.0, which enables point-to-point navigation without high-definition maps, and has accumulated over 15 million kilometers of road testing with zero accidents.

tZERO

Venture Round in 2019
tZERO is a financial technology company that specializes in blockchain solutions for the trading of digital securities. The firm aims to transform the market for both private and digital securities by integrating blockchain technology into traditional trading practices. tZERO provides institutional-grade solutions for issuers interested in digitizing their capital tables and facilitates trading on a regulated alternative trading system. By leveraging innovative technology, tZERO seeks to enhance market efficiency and accessibility for companies, entrepreneurs, and both retail and institutional investors.

Zhidou

Funding Round in 2019
Ninghai Zhidou Electric Vehicles Company Limited, founded in 2015, specializes in designing and manufacturing electric vehicles, primarily focusing on urban micro-traveling solutions. As a joint venture involving Geely Holding Group, XDY Machinery and Electronics Group, and GSR Ventures, Zhidou boasts a registered capital of RMB 1.1 billion and employs over 2,600 people. The company has been recognized for its innovative approach, winning the second prize of the National Technology Invention Award in 2016. Zhidou's core products are pure electric vehicles tailored for urban environments, and the company has established a comprehensive ecosystem encompassing research and development, production, sales, and operation of electric vehicles. With a significant presence in both domestic and international markets, Zhidou has sold over 72,000 vehicles by 2017, capturing a notable share of the new energy vehicle sector. The company aims to address urban transport challenges through its Micro-Traveling concept and collaborates with various industry partners to create an integrated platform that enhances the efficiency and sustainability of urban transportation systems.

Neural Propulsion Systems

Series A in 2019
Neural Propulsion Systems is an artificial intelligence company founded in 2017 and headquartered in Pleasanton, California. The company specializes in developing advanced autonomous sensor technology aimed at reducing transportation accidents. Its flagship product is a multi-modal sensor system designed to enhance reliability by utilizing simultaneous and multi-band detection capabilities. This system integrates sensor data processing through a network of custom signal processing chips, catering to the needs of autonomous vehicle manufacturers, as well as industries reliant on radar and camera technologies. Neural Propulsion Systems focuses on improving safety and efficiency in transportation through innovative sensor solutions.

SilkChain

Angel Round in 2018
SilkChain is the most international professional blockchain rating agencies.

tZERO

Initial Coin Offering in 2018
tZERO is a financial technology company that specializes in blockchain solutions for the trading of digital securities. The firm aims to transform the market for both private and digital securities by integrating blockchain technology into traditional trading practices. tZERO provides institutional-grade solutions for issuers interested in digitizing their capital tables and facilitates trading on a regulated alternative trading system. By leveraging innovative technology, tZERO seeks to enhance market efficiency and accessibility for companies, entrepreneurs, and both retail and institutional investors.

Shenwu Technology

Private Equity Round in 2018
Shenwu Technology is a leading enterprise in China's energy conservation and environmental protection sector, established in 1996. The company focuses on the research, development, and promotion of industrial energy-saving and emission-reduction technologies, as well as comprehensive resource utilization. With a workforce of nearly 4,000 employees across 11 subsidiaries, Shenwu operates five major platforms, including R&D, technology transformation, equipment manufacturing, investment management, and asset operation. Its advanced R&D facilities include a prominent Energy Conservation & Atmospheric Haze Control Technology Lab, contributing to over 4,000 patents and numerous technological achievements. Shenwu’s innovative solutions have been successfully implemented in various high energy-consuming industries such as coal chemicals, petrochemicals, and steel production, leading to significant energy savings and reductions in carbon emissions. Each year, the company contributes to the conservation of over 31 million tons of standard coal equivalent and reduces CO2 emissions by more than 72 million tons. Renowned for its technological advancements, Shenwu has received multiple national awards for its contributions to clean technology and environmental sustainability.

Ronbay Technology

Venture Round in 2018
Ningbo Ronbay New Energy Technology Co., Ltd. specializes in the research, development, production, and sales of lithium battery cathode materials. Headquartered in Yuyao, China, the company supplies stable performance products and preparation technology to support energy-density products for leading power battery manufacturers both domestically and internationally. Through its focus on innovation and quality, Ronbay Technology plays a significant role in the evolving landscape of energy storage solutions.

Iconiq Motors

Series A in 2017
ICONIQ Motors is a vehicle manufacturing company that specializes in the development of all-electric vehicles designed for passengers, featuring supercar aesthetics. Founded in early 2016 by entrepreneur Alan Wu, the company operates from offices in Tianjin, Shanghai, and Beijing. ICONIQ Motors collaborates with notable engineering and technology partners, including Magna Steyr and Microsoft Corporation, to enhance its vehicle offerings. The company's focus is on creating innovative, passenger-centric mobility solutions that integrate advanced design, lifestyle personalization, IoT connectivity, and autonomous driving technology.

Fisker

Series A in 2017
Fisker, Inc. is an American company headquartered in Manhattan Beach, California, that designs and manufactures electric vehicles and mobility solutions. The company focuses on creating eco-friendly vehicles that evoke emotional connections, aligning with its mission to promote a sustainable future for all. Fisker aims to position itself as an e-mobility service provider, emphasizing the development of innovative electric vehicles that are both environmentally friendly and desirable to consumers. Historically, Fisker Automotive gained recognition for the Fisker Karma, which was among the first luxury plug-in hybrid electric vehicles, but production was halted due to financial challenges. Today, Fisker, Inc. continues to pursue advancements in electric mobility, striving to revolutionize the automotive industry with its commitment to sustainability and design.

F=ma

Series A in 2016
F=ma focus is on graph data technology and providing graph data storage and analysis platforms for customers. They enable customers to analyze large graphs of data with precision. They solve the problems through large-scale graph data storage and analysis.

365AirPalm

Series A in 2016
365AirPalm is a mobile customer relationship software company. 365AirPalm is an enterprise level sales business platform based on software as a service to help companies in the consumer goods industry with product function modules such as sales automation, invoicing, dealer management, and promotion management.

Niu Technologies

Series A in 2015
Niu Technologies is a Beijing-based company that specializes in the design, manufacture, and sale of smart electric scooters, motorcycles, bicycles, and kick-scooters, with a focus on enhancing urban mobility. Established in 2014, Niu offers a diverse portfolio that includes various series of electric scooters, such as the NQi, MQi, and UQi, alongside urban commuter motorcycles and performance bicycles. In addition to vehicles, Niu provides a range of accessories, including safety gear and lifestyle products, as well as performance upgrades for its scooters. The company supports its products with the NIU app, which facilitates services such as repair requests, maintenance, and theft reporting. Niu distributes its products through a network of city partners, franchised stores, and online platforms, operating in approximately 180 cities in China and extending its reach to 38 countries worldwide.

365AirPalm

Series A in 2014
365AirPalm is a mobile customer relationship software company. 365AirPalm is an enterprise level sales business platform based on software as a service to help companies in the consumer goods industry with product function modules such as sales automation, invoicing, dealer management, and promotion management.

NEVS SHARE

Seed Round in 2014
NEVS SHARE is a Stockholm-based company that specializes in developing an application enabling car owners to rent their vehicles. The company focuses on providing innovative transportation solutions and electric vehicles, aiming to enhance quality of life and create more opportunities for users. As of December 2020, NEVS SHARE operates as a subsidiary of Ezeride AB, contributing to the evolving landscape of shared mobility services.

Linloong

Angel Round in 2010
Linloong is a software developer that offers system support services. They engaged in research and development, sales of securities, futures analysis software, financial information services, and securities investment consulting services. They serve markets.
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