GSR United Capital

GSR United Capital is a private equity and venture capital firm established in 2009, with its headquarters in Beijing, China, and additional offices in Hangzhou and Shenzhen. The firm specializes in investing in early and middle-stage companies, focusing on sectors such as artificial intelligence, robotics, advanced manufacturing, supply chain technology, the industrial internet, smart transportation, and environmental services. GSR United Capital manages several funds, including the GSR United RMB Fund III, which was launched in 2017 and primarily invests in opportunities within China.

Siyu Chen

Financial Partner

Yixin Chen

VP

Zhencan Fan

Investment Partner

Yuxin Feng

Partner

Zeliang Gu

Investment Director

Wang Guocheng

Managing Partner

Siting Han

Risk Partner and Legal Director

Rulian Jiang

Financial Director

Shenghan Jin

Investment Director

Xianfei Leng

Partner

Hongxin Li

VP

Juzhen Li

Investment Manager

Lei Luo

Managing Partner

Jiao Mengjin

Partner

Muyun Wang

Investment Manager

Keran Wang

Investment Director

Pan Xiaofeng

Managing Partner

Bo Xu

Investment Partner

Degang Yin

Managing Partner

Yijie Zhang

Managing Partner

Xun Zhang

Investment Director

Letian Zhang

Investment Director

Li Zhang

Investment Partner

Qi Zhou

Managing Partner

Changhua Zhu

Investment Partner

Past deals in China

NaaS Technology

Series A in 2022
NaaS Technology is a provider of electric vehicle charging services for operators and owners. The company also offers one-stop services to charging pile manufacturers and operators, OEMs, companies with their own delivery fleets, and fleet operators, covering the entire value chain across the EV sector with online, offline, and non-electric services. It had linked 290,000 chargers, with an annual charging capacity of more than 1,200 gigatonnes. NaaS Technology aims to make charging facilities more efficient and to incorporate this into structural changes to China's energy infrastructure, achieving an important step toward carbon neutrality.

Yuyuan Technology

Series A in 2022
Ugion is an augmented and virtual reality R&D company that provides marketing display, amusement interaction, and education services.

Lattice Grand Technology

Angel Round in 2021
The main product of Jinghong New Material is a high thermal conductivity ceramic packaging substrate based on the thin-film circuit manufacturing process. That is, on a ceramic substrate with high thermal conductivity, thin film metallization, image transfer and TCV (Through Ceramic Via) technology are used to form high-density double-sided wiring and vertical interconnection. Finally, stacking technology is used to obtain an integrated 3D metal that is tightly combined with the ceramic substrate. frame.

Zhang Lala

Series B in 2021
Zhang Lala is a restaurant chain and food brand that provides shredded beef ramen.

Recurrent.ai

Venture Round in 2021
Recurrent.ai is a Chinese company that provides AI-enabled corporate services to improve sales efficiency. Through a full set of self-study engine sales dialogue analysis system, it helps companies to transfer sales, customer service and customer dialogue from voice to text, providing full machine quality inspection and sales efficiency optimization. Core functions such as customer portrait records, fully automatic generation of big data dialogue analysis reports, help companies reduce time and labor costs, increase sales conversion rate, and effectively drive decision-making.

Whalehouse Technology

Series B in 2021
Whalehouse Technology is a Shenzhen-based automated warehouse solutions provider. Whalehouse is a good friend of the electricity supplier companies, courier companies and logistics companies, which provides intelligent automated warehouse solutions and free upgrade service. The gene of whale warehouse is electricity supplier and technology, the company is constituted by a young group from Tencent, SF, JD and CAS.

Xgene Pharmaceutical

Series C in 2021
Xgene Pharmaceutical Inc. is a pharmaceutical company founded in 2015 and based in the Cayman Islands. The company specializes in the development of small-molecule drugs aimed at treating chronic pain, infectious diseases, and tumors. Through its research and development efforts, Xgene Pharmaceutical seeks to address significant medical needs in these areas.

Borderless Innovation

Venture Round in 2021
Borderless Innovation is a solution provider for the medical device supply chain with products like SaaS applications & smart AIoT hardware.

Paypal

Venture Round in 2021
Paypal is committed to providing Chinese companies with world-class procurement expenditure management SaaS solutions. Expenditure actively responds to the trend and requirements of the country’s supply-side structural reforms, adhering to the concept of “Saving as a Service™”, through deep professional insights and leading cloud computing, mobile Internet, big data, etc. Technological means to enhance the user system experience of enterprises, change the traditional business interaction mode, make the process more transparent, more controllable expenditures, smoother communication, more significant savings, and become an indispensable tool to help enterprises transform their procurement strategies, reduce costs and increase efficiency

YouWorld

Series A in 2021
YouWorld connects global brands, retailers and on-trip service providers with Chinese outbound travelers. The company works with cross-border platforms such as WeChat and AliPay, as well as a network of travel and lifestyle apps, to deliver curated brand content. Its lead product, the YouWorld Service Platform (YWSP), is a content management and data tracking system that harnesses the reach of YouWorld’s omnichannel partners to drive foot traffic to brick-and-mortar retail and tourism businesses. The company was founded in 2016 and has offices in Pasadena, California and Shenzhen, China.

HPY Sorting

Series B in 2021
HPY Sorting manufactures environmentally friendly, cost-cutting, efficient intelligent ore sorting machines. HPY Sorting focuses on applications of machine vision technology to improve and provide innovation in ore sorting.

Xinyue

Series A in 2021
Xinyue Ltd. is an online audio and video production platform based in Shanghai, China, founded in 2017. The platform offers a range of tools designed to enhance the video production process, including features for reviewing, automatic sorting, project collaboration, sharing, and video comparison. It supports multi-platform previewing and facilitates convenient review comments and video storage. Additionally, Xinyue provides an online mobile application that allows users to synchronize video data captured by cameras with a cloud server in real-time. This integration of digital cloud technology streamlines video management, enabling producers to efficiently manage, collaborate on, and share their video projects.

Puncture Robotic

Seed Round in 2021
Puncture Robotic develops venipuncture robots that help in conducting blood collection without human intervention.

Fiture

Series A in 2020
Fiture, a fitness technology company, is redefining the home fitness scenarios through intelligent hardware and AI-empowered fitness content.

LinkTime Cloud

Series A in 2020
LinkTime Cloud focuses on core technology development in the fields of big data, cloud computing and mobile application development, and rapidly establishes a big data analysis platform for enterprises and developers to help improve data analysis efficiency and reduce operation and maintenance costs. The main product is LinkTime big data platform

StarSee

Series A in 2020
Nanjing StarSee Intelligent Technology Co., Ltd. specializes in providing intelligent technology services for military and political police applications. Founded in 2018 and based in Nanjing, China, the company leverages artificial intelligence and big data technologies to develop military intelligence products. StarSee's offerings include data collection and analysis tools that extract valuable insights from complex and unstructured data, thereby enhancing military decision-making and operational efficiency. The company focuses on empowering the military and police sectors by creating a comprehensive military intelligence application product system designed to support various operational needs.

ZiYun Cloud

Series A in 2019
Founded in mid-2016, Jinyun IOT is composed of executives and technical experts from IBM, HP, BOSCH, COVISINT. The product line is mainly for discrete digital brain manufacturing solutions, firefighting internet of things, medical IoT applications. The entire life cycle of consulting, delivery, operation and maintenance, and the flexible delivery of public clouds, private clouds, and hybrid clouds.

Samon Technology

Series B in 2019
Samon Technology is a manufacturer of electronic product manufacturing equipment. The company's products include technical laminating machine, single station assembly line, large size laminating machine, OLED reinforcing machine, vertical LCM double station glue machine, CCD. Automatic swinging machine, anti-fingerprint oil spraying machine, fuel cell bipolar plate coating machine, etc.

SellerGrowth

Series B in 2019
sellergrowth.com provides an online platform targeting sellers' market. The company is based in Shenzhen, China.

Gpyh.com

Series B in 2019
Gpyh.com operates as a B2B e-commerce platform specializing in the sale of fasteners and industrial parts. The platform offers a range of products, including bolts, nuts, plastic screws, and various tools, catering to the needs of businesses seeking efficient procurement solutions. Gpyh.com enhances the purchasing experience by providing daily specials, standard inquiries, and convenient payment options, including online banking. Customers have the flexibility to choose between home delivery and in-person pickup of their orders, promoting accessibility and cost-effectiveness in their procurement processes.

Tage Zhixing

Series A in 2019
Beijing Tage Zhixing Technology Co., Ltd. is a high-tech enterprise focusing on mining vehicle unmanned driving technology research, product development, and overall engineering solution design and implementation of unmanned mines. Tage Zhixing has launched a car-ground-cloud collaborative smart mine unmanned transportation system, which realizes cloud intelligent dispatching management, 4G.

Newlinks Technology

Series B in 2019
Newlinks Technology is a car refueling service provider, mainly providing one-button cardless refueling service. The application recommends a gas station for the user and offers membership subscription, discounts, and more. In addition, it also provides car maintenance, 4S services, tire services, auto insurance, car care, and other services. Newlinks Technology was founded on 2016.

Xyb2b

Series B in 2018
Xyb2b provides online shopping platform. Its platform provides maternal and child supplies, beauty care, healthcare, digital life, clothing and shoes in a wide range, enabling customers to purchase products at a lesser cost and vendors create reliability and speed on import and export business.

Gooosun

Series A in 2018
Gooosun is a Shenzhen-based company established in 2015, specializing in the manufacturing of electronic control and power systems for new energy vehicles. The company produces a range of products, including main motor drive controllers, air compressors, oil pumps, auxiliary motor drive controllers for air conditioning and on-board charging, integrated motor and power controllers, car chargers, and vehicle DC-DC converters. Gooosun serves various segments within the automotive industry, including commercial vehicles, logistics vehicles, passenger cars, and mini cars.

Rokae

Series B in 2018
Luo Shi robot is a research and development, production, and application of industrial robot suppliers is committed to providing the industry with high-performance industrial robots and intelligent manufacturing solutions.

Liushanmen

Series A in 2018
Liushanmen is a logistics technology company specializes in Internet take-out food with good quality. It keeps take-out as the focus while takes offline shops as supplement. Other products will be united made by Central Kitchen then sending to users. LiuShanMen has planned to establish the fist batch of Experience Center in UIBE, Chao Yang University Town and Z-Innoway so as to cover White Collar Market in these areas.

Yiwise

Series A in 2018
Yiwise Technology Limited designs and develops an artificial intelligence based question and answer system. The company was founded in 2017 and is based in Hangzhou, China.

GCCAlliance

Series A in 2018
GCCAlliance Inc. is a Beijing-based company that specializes in designing and manufacturing distributed power system products, including alternating current (AC) systems, high voltage direct current (HVDC) systems, and energy management systems. The company also produces data center infrastructure management systems and 3D visual operating management systems. It serves a variety of sectors, offering solutions tailored for large, medium, and small data centers, as well as an all-in-one cloud cube solution. Its clientele includes telecom operators, the financial industry, educational institutions, government entities, and various enterprises. Founded in 2012, GCCAlliance has operational offices in Beijing and Nanjing, China, and Taipei, Taiwan.

XINGYUN GROUP

Series A in 2018
XINGYUN GROUP is a comprehensive services platform for global commodities in China, devoting to providing global channel operation, distribution, and supply chain services to brands, retailers, and international trade practitioners.

Qianxiang Bank

Series A in 2018
Qianxiang Bank is a Fintech company.

Fairsense

Series A in 2018
Provider of atmospheric management technology and solutions. The company provides information and data on air quality through the company's air quality sensors that utilize internet of things technology and also provides big data analysis on data collected from these sensors, providing scientists and environmental agencies with data analysis on air quality.

Yiwise

Angel Round in 2017
Yiwise Technology Limited designs and develops an artificial intelligence based question and answer system. The company was founded in 2017 and is based in Hangzhou, China.
Tianjin YangTian Technology Co. develops and manufactures industrial robotic arms. The company's products are used for industrial applications, such as handling, assembling, polishing, coating, monitoring, and screwing. The company manufactures the Bright series robot used for packaging, clothing manufacturing, and auto glaze spraying on home appliances. The company was founded in 2015 and is headquartered in Tianjin, China.

FreeTech

Seed Round in 2016
Freetech Intelligent Systems Co., Ltd. develops advanced driver assistance systems (ADAS), driving solutions, and other products. It offers ADAS products, such as front view cameras, forward collision warning/automatic emergency braking systems, adaptive cruise control products, lane departure warning products, lane keeping assist products, traffic jam assist products, and road sign products. The company also provides image sensing and scene recognition, 3D scene reconstruction, deep compression, and advanced driver solutions; and engineering services, including sensor installation and detection, onsite technical support, vehicle testing validation, aftersales support, and engineering consulting services. It serves auto industries in China and internationally. Freetech Intelligent Systems Co., Ltd. was founded in 2016 and is based in Hangzhou, China.

Fairsense

Series A in 2016
Provider of atmospheric management technology and solutions. The company provides information and data on air quality through the company's air quality sensors that utilize internet of things technology and also provides big data analysis on data collected from these sensors, providing scientists and environmental agencies with data analysis on air quality.

HappyCast

Series A in 2016
HappyCast develops multi-screen interactive software. Its product can connect smart phone with TV set or projector to display mobile games, live video streaming, video calls and other mobile contents on larger screen.

GreenWheel EV

Angel Round in 2015
Shenzhen Greenwheel Electric Vehicle Group Co.,Ltd manufactures electrical vehicles. Its products include safety, control, interior, multimedia, lights, air conditioner, and other features. The company was founded in 2000 and is based in Shenzhen, China.