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 Web3 economy, catering to both aspiring players and asset managers. The organization develops a fantasy non-fungible token league platform that allows users to engage in GameFi activities. Through its esports platform, T.E.A.M DAO enables gamers to participate in blockchain-based metaverses, where they can play, buy, and sell virtual teams. This structure provides opportunities for users to generate income across various games and metaverses, fostering a new ecosystem within the gaming industry.

Trensor

Series B in 2021
Trensor Co. Ltd. is a manufacturer and supplier of pressure sensors, specializing in advanced technologies such as MEMS, thick and thin film sensitive components, and ASIC chips. Founded in 2008 and headquartered in Wuxi, China, with additional offices in the United States, the company serves a wide range of industries, including automotive, heating, ventilation, air conditioning, refrigeration, industrial applications, off-road vehicles, over-the-road trucks and buses, marine, and rail. Trensor produces patented ASIC chips and employs exclusive manufacturing techniques and proprietary technologies to deliver high-performance pressure and pressure/temperature combination sensors. The company has established a robust infrastructure to support clients globally, offering logistical solutions and comprehensive engineering, customer support, and sales services across North America, Europe, and Asia.

GaN Systems

Venture Round in 2021
GaN Systems Inc. is a semiconductor company based in Ottawa, Canada, specializing in the development and manufacturing of gallium nitride power switching transistors. The company offers a variety of products, including 650 V and 100 V E-HEMT transistors and wireless power amplifiers, which are utilized in diverse applications such as consumer electronics, industrial systems, renewable energy sources, and transportation power conversion. GaN Systems aims to address significant challenges in power system efficiency and size limitations, enabling industries to reduce costs and enhance energy efficiency. The company serves a global market, including manufacturers in Japan, Taiwan, and China, with additional offices in Japan, China, and Germany. Established in 2008, GaN Systems continues to innovate in the clean technology power conversion sector.

Clounix

Seed Round in 2021
Clounix is a software startup specializing in high-performance network chips and solutions, particularly focusing on application-specific integrated circuits (ASICs) designed for cloud networking. The company is dedicated to enhancing cloud networking technology through the development of ASICs that facilitate high-speed packet switching. Clounix supports super-internet companies, medium and large enterprises, and network operators in building next-generation networks and data centers. By creating advanced hardware and tailored software that align with cloud-native ecosystems, Clounix plays a crucial role in the evolution of modern networking infrastructure, catering to the needs of global Internet manufacturers and businesses seeking to improve their network capabilities.

VisIC Technologies

Series F in 2021
VisIC Technologies Ltd. is an Israeli company focused on developing semiconductor solutions for power conversion applications. Founded in 2010 and based in Ness Ziona, VisIC specializes in gallium nitride (GaN) transistors, which serve as high voltage power switches. These transistors offer significant performance advantages over traditional wide band-gap semiconductors, particularly in various power applications across a broad range of switching frequencies, from several hertz to hundreds of gigahertz. The company’s products are utilized in diverse sectors including motor drives, uninterruptible power supplies (UPS), green energy systems, and power supplies, enabling clients to achieve high breakdown voltages and high current densities.

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 Hong Kong-based company that specializes in building and operating a regulated security tokens exchange. Founded in 2018, it offers a trading platform known as APX.HK, which facilitates the buying and selling of digital assets. GlobalSTOx provides tools and trade management solutions designed to assist investors in managing their trading activities effectively. The company leverages Internet of Things (IoT) and artificial intelligence (AI) technologies to enhance user experience and streamline trade management processes.

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, founded in 2017 and based in Pleasanton, California, is an artificial intelligence company specializing in the development of autonomous sensors aimed at enhancing transportation safety. The firm has created a multi-modal sensor system that effectively detects and processes data to improve reliability in various applications. This system employs a network of custom signal processing chips to facilitate simultaneous multi-band data analysis, which is crucial for autonomous vehicle manufacturers, as well as for radar and camera technologies. Through its innovative approach, Neural Propulsion Systems seeks to significantly reduce transportation accidents and improve the overall safety of autonomous systems.

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, operating both in China and internationally. Based in Yuyao, China, the company offers stable performance products and preparation technologies that support energy-density requirements for leading power battery manufacturers worldwide.

Iconiq Motors

Series A in 2017
ICONIQ Motors is a vehicle manufacturing company that specializes in developing all-electric passenger vehicles with a focus on supercar aesthetics. Founded in early 2016 by Chinese entrepreneur Alan Wu, the company is headquartered in Tianjin, with additional offices in Shanghai and Beijing. ICONIQ Motors collaborates with prominent engineering and technology partners, including Magna Steyr and Microsoft Corporation, to enhance its innovative offerings. The company's mission is to deliver a premium mobility solution that integrates advanced design, lifestyle personalization, IoT connectivity, and autonomous driving technology, catering to the growing demand for sustainable and technologically advanced transportation options.

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 manufacturer and seller of smart electric scooters and motorcycles based in China. The company offers a diverse range of products, including the NQi, MQi, UQi, F series electric scooters, and the RQi and TQi series urban commuter motorcycles. Additionally, Niu produces professional bicycles under the NIU Aero series and a variety of accessories such as safety gear, storage solutions, and performance upgrades. Through its NIU app, the company provides services like online repair requests, service station locators, and insurance options. Niu sells its products through a network of city partners, franchised stores, and online platforms, reaching approximately 180 cities in China and several international markets. Founded in 2014 and headquartered in Shanghai, Niu Technologies aims to innovate urban mobility and enhance the lifestyle of city dwellers.

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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