GSR Ventures

GSR Ventures is a venture capital firm established in 2004 and based in Palo Alto, California. The firm specializes in early-stage investments, focusing primarily on technology companies that develop AI-enabled healthcare technology, enterprise software, and consumer platforms. GSR Ventures aims to support entrepreneurs with global ambitions who are creating disruptive businesses capable of capturing significant market share in multi-billion dollar industries. The firm manages approximately $3 billion across its various funds and has a history of leading early investment rounds in notable companies such as Qunar, Xiaohongshu, and Didi Chuxing, among others.

Lanjie Chen

Partner

Jack Jia

Advisor

Lan Jiang

Partner

Jin-Choon Lim

Co-founder, Partner and M.D.

Bin Luo

Partner

Jiaojie Ren

Partner

Mianmian Wen

Partner

David Xu

Partner

Shufen Ye

Partner, M.D. and Global CFO

Robert Yung

Co-Founder and Partner

Xiaohu Zhu

MD

Past deals in Singapore

heros

Pre Seed Round in 2022
heros is a technology platform for our sport heros to discover & be discovered by brands. Our mission is to level the p(l)aying field for our sport heros. Sport is a $1.3 trillion industry, with over 100m sports people, 4.5bn sport fans and 8000 sports. Our sport heros are our real life heros yet struggle with funding and earning money. Less than 1% of athletes access sponsorship to meaningfully earn and contribute to their life & career and many live below the poverty line - driven by their passion for their sport and their desire to win. All athletes either need to earn, want to earn or want to maximise their earning. The assets they have to monetise are their community, time and their personal brand as an athlete and as a human. Brands and their fans - potential consumers - are the best way to earn Brands are also always looking for more and better ways to drive awareness, conversion and ROI/ROAS. They are also challenged by GENZs needing to see purpose led brands. Working with athletes enables brands from all verticals to drive over 90% more conversion, experience 150% more engagement from sport heros communities and to also tick the social purpose box by supporting athletes to earn & earn equally. heros enables all sport heros - rising stars, pros, superstars, legends, coaches and sport influencers - to discover brand opportunities and be discovered by brands they love and align to - with a variety of earning models that align to the athlete and the brand. We also provide education and support to get athletes started in their earning journey. As we match our sport heros to brands, maximise their earning potential, we then ensure a digital experience with their earnings placed in their heros wallet where they can earn, save and in future spend. Everyone wins. Are you ready to be heros? Contact us at hi@heros.xyz

Infinity Exchange

Seed Round in 2022
Infinity Exchange is a new platform that provides institutional-grade capital efficiency in decentralized finance.

Meson

Seed Round in 2022
Meson offers minute-fast swaps across all major blockchains with virtually no fees and slippage.

Neuron Mobility

Series B in 2022
Neuron Mobility Pte. Ltd. provides electric scooters and bicycles rental services around Singapore. The company was incorporated in 2016 and is based in Singapore.

Novelship

Series A in 2022
Novelship Pte Ltd is an online marketplace based in Singapore that specializes in the buying and selling of authentic, limited-edition sneakers, streetwear, and collectibles. Founded in 2016, the platform caters primarily to users in the Asia-Pacific region, offering a wide selection from exclusive brands such as Air Jordan, Yeezy, Supreme, and others. Novelship guarantees that every item sold on its platform is 100% authentic, ensuring a trustworthy shopping experience for both buyers and sellers. In addition to sneakers, the platform also features t-shirts and various accessories, making it a comprehensive destination for street fashion enthusiasts.

Atem Network

Seed Round in 2022
Atem Network is a community social platform that connects with decentralized NFT communities, chats, and trade freely with Web3 friends. Creators can launch corresponding NFTs for users to collect and trade for each piece of content. Atem creators can also create their own NFT to connect and manage their communities. In addition, the team is developing a user portrait layer based on on-chain data to serve various Dapp developers, such as group spaces and channel recommendations in Atem.

Cabital

Seed Round in 2021
Cabital provides a secure and user-friendly platform for cryptocurrency trading, focusing on simplifying the investment process in the crypto market. The company aims to eliminate the complexities and distractions often associated with cryptocurrency investments, allowing users to engage with various crypto products with ease. By prioritizing a straightforward and accessible trading environment, Cabital seeks to make cryptocurrency investment more approachable for a broader audience.

Scantist

Series A in 2021
Scantist Pte. Ltd. is a cybersecurity company based in Singapore, established in 2016 as a spin-off from Nanyang Technological University. The company specializes in managing open-source vulnerabilities and enhancing compliance at the application level. Scantist offers software composition analysis (SCA), which helps organizations create an inventory of open-source dependencies, identifying associated security and legal risks. Additionally, it provides Smart Fuzzer, a tool designed to detect unknown vulnerabilities at both the source-code and binary levels. Leveraging its strong research background, Scantist delivers effective vulnerability management solutions tailored for enterprise clients.

Red Dot Analytics

Seed Round in 2021
Red Dot Analytics is an artificial intelligence technology company for energy savings.

Neuron Mobility

Series A in 2020
Neuron Mobility Pte. Ltd. provides electric scooters and bicycles rental services around Singapore. The company was incorporated in 2016 and is based in Singapore.

Huohua Logic

Series E in 2020
Huohua Siwei is an online education platform for K-12 children that specializes in Mathematics and Science. It offers a one-to-many online interactive live small class and strong interactive game links to develop students' core ability of thinking, concentration, and other core skills. It is focused on the young mathematics thinking training, which is divided into three modules: spatial thinking and graphics, computing power, and logical reasoning. The company was founded in 2017 and is headquartered in Beijing, China.

Neuron Mobility

Series A in 2019
Neuron Mobility Pte. Ltd. provides electric scooters and bicycles rental services around Singapore. The company was incorporated in 2016 and is based in Singapore.

M-DAQ

Venture Round in 2019
M-DAQ Pte Ltd (formerly known as Summit Investment Pte Ltd) was founded by a group of veterans from the FX and Securities Industries with experience averaging 15 years amongst the key members. M-DAQ is an innovative and unique solution, providing a platform to price and trade any exchange-traded products in more than one currency by blending ‘executable’ FX rates into equities and futures products. M-DAQ is the IP owner and holds the key relationships with the National Exchanges and the Global FX Banks. M-DAQ handles the entire consultancy work for each Exchange to be enabled on M-DAQ Solution, and provides the Exchange and the FX Consortium Banks with a license to use the M-DAQ solution. In addition, the partner Exchange will receive a revenue share of the net FX margins. The Exchange partners continues to operate the new cross-currency platform under existing in-country regulatory framework.

Huohua Logic

Series D in 2019
Huohua Siwei is an online education platform for K-12 children that specializes in Mathematics and Science. It offers a one-to-many online interactive live small class and strong interactive game links to develop students' core ability of thinking, concentration, and other core skills. It is focused on the young mathematics thinking training, which is divided into three modules: spatial thinking and graphics, computing power, and logical reasoning. The company was founded in 2017 and is headquartered in Beijing, China.

Huohua Logic

Series C in 2019
Huohua Siwei is an online education platform for K-12 children that specializes in Mathematics and Science. It offers a one-to-many online interactive live small class and strong interactive game links to develop students' core ability of thinking, concentration, and other core skills. It is focused on the young mathematics thinking training, which is divided into three modules: spatial thinking and graphics, computing power, and logical reasoning. The company was founded in 2017 and is headquartered in Beijing, China.

Nium

Series C in 2018
Nium is an advanced payments platform redefining the way consumers and businesses send, spend, and receive funds across borders. Nium’s goal is to make the movement of money seamless through being a universal plug for financial services. The company uses agile, elegant, and modular solutions for complex business problems. Be it an Individual, new-age digital bank, or a traditional industry behemoth, Nium pride itself on creating financial infrastructure for every level of sophistication​.​ Nium has created a payment mesh in Asia, which is being leveraged by individuals and corporates. The company also offers a configurable, multi-featured platform MassPay that helps corporate and SME users to manage and control their high-volume remittances to multiple beneficiaries in multiple currencies via a seamless process, enabling them to reduce cross-border money transfer costs by up to 80%. The company is licensed in the EU, Australia, Canada, Hong Kong, Malaysia, India, and Singapore. It is backed by marquee investors such as Vertex Ventures, Fullerton Financial Holdings, Global Founders Capital, GSR Ventures, and SBI-FMO Ventures. Its services and business model have been recognized on prestigious platforms such as Singapore Fintech Festival and India Fintech Awards in 2017.

Huohua Logic

Series B in 2018
Huohua Siwei is an online education platform for K-12 children that specializes in Mathematics and Science. It offers a one-to-many online interactive live small class and strong interactive game links to develop students' core ability of thinking, concentration, and other core skills. It is focused on the young mathematics thinking training, which is divided into three modules: spatial thinking and graphics, computing power, and logical reasoning. The company was founded in 2017 and is headquartered in Beijing, China.

Huohua Logic

Series B in 2018
Huohua Siwei is an online education platform for K-12 children that specializes in Mathematics and Science. It offers a one-to-many online interactive live small class and strong interactive game links to develop students' core ability of thinking, concentration, and other core skills. It is focused on the young mathematics thinking training, which is divided into three modules: spatial thinking and graphics, computing power, and logical reasoning. The company was founded in 2017 and is headquartered in Beijing, China.

Nium

Series B in 2017
Nium is an advanced payments platform redefining the way consumers and businesses send, spend, and receive funds across borders. Nium’s goal is to make the movement of money seamless through being a universal plug for financial services. The company uses agile, elegant, and modular solutions for complex business problems. Be it an Individual, new-age digital bank, or a traditional industry behemoth, Nium pride itself on creating financial infrastructure for every level of sophistication​.​ Nium has created a payment mesh in Asia, which is being leveraged by individuals and corporates. The company also offers a configurable, multi-featured platform MassPay that helps corporate and SME users to manage and control their high-volume remittances to multiple beneficiaries in multiple currencies via a seamless process, enabling them to reduce cross-border money transfer costs by up to 80%. The company is licensed in the EU, Australia, Canada, Hong Kong, Malaysia, India, and Singapore. It is backed by marquee investors such as Vertex Ventures, Fullerton Financial Holdings, Global Founders Capital, GSR Ventures, and SBI-FMO Ventures. Its services and business model have been recognized on prestigious platforms such as Singapore Fintech Festival and India Fintech Awards in 2017.

ofo

Series C in 2016
Ofo is a “station-free” bike-sharing platform operated via an online mobile application. It is committed to providing the best short distance transportation solution, solving the “last mile” transportation problem by turning the last mile into a green, low-emission trip. To date, ofo has connected more than 10 million bikes to over 200 million users in more than 20 countries: Australia, Austria, China, Czech Republic, France, Germany, Hungary, India, Israel, Italy, Japan, Kazakhstan, Malaysia, Portugal, Russia, Singapore, Spain, Thailand, the Netherlands, the UK, and the US. The platform generates more than 32 million daily transactions and has provided global users in 250+ cities with over 6 billion efficient, convenient, green rides. The ofo platform is easy to use. After downloading the ofo mobile phone app (iOS/Android), users may scan the QR code or enter the plate number displayed on each bike to receive a passcode and unlock it. Its bike-sharing system requires no docking stations, providing significant flexibility for users to find and return bikes anywhere, anytime. Once they reach their destination, the user may park the bike anywhere that is legitimate, convenient, and easy for the next user to access. But ofo does more than help commuters and travelers access bikes for getting around their cities. As a partner of the UN Development Programme, they are focused on achieving Global Sustainability Goals and promoting green and healthy living, and they have also launched a partnership with Rihanna's Clara Lionel Foundation to provide bikes and scholarships for schoolgirls in Malawi.

ofo

Series B in 2016
Ofo is a “station-free” bike-sharing platform operated via an online mobile application. It is committed to providing the best short distance transportation solution, solving the “last mile” transportation problem by turning the last mile into a green, low-emission trip. To date, ofo has connected more than 10 million bikes to over 200 million users in more than 20 countries: Australia, Austria, China, Czech Republic, France, Germany, Hungary, India, Israel, Italy, Japan, Kazakhstan, Malaysia, Portugal, Russia, Singapore, Spain, Thailand, the Netherlands, the UK, and the US. The platform generates more than 32 million daily transactions and has provided global users in 250+ cities with over 6 billion efficient, convenient, green rides. The ofo platform is easy to use. After downloading the ofo mobile phone app (iOS/Android), users may scan the QR code or enter the plate number displayed on each bike to receive a passcode and unlock it. Its bike-sharing system requires no docking stations, providing significant flexibility for users to find and return bikes anywhere, anytime. Once they reach their destination, the user may park the bike anywhere that is legitimate, convenient, and easy for the next user to access. But ofo does more than help commuters and travelers access bikes for getting around their cities. As a partner of the UN Development Programme, they are focused on achieving Global Sustainability Goals and promoting green and healthy living, and they have also launched a partnership with Rihanna's Clara Lionel Foundation to provide bikes and scholarships for schoolgirls in Malawi.

ofo

Series A in 2016
Ofo is a “station-free” bike-sharing platform operated via an online mobile application. It is committed to providing the best short distance transportation solution, solving the “last mile” transportation problem by turning the last mile into a green, low-emission trip. To date, ofo has connected more than 10 million bikes to over 200 million users in more than 20 countries: Australia, Austria, China, Czech Republic, France, Germany, Hungary, India, Israel, Italy, Japan, Kazakhstan, Malaysia, Portugal, Russia, Singapore, Spain, Thailand, the Netherlands, the UK, and the US. The platform generates more than 32 million daily transactions and has provided global users in 250+ cities with over 6 billion efficient, convenient, green rides. The ofo platform is easy to use. After downloading the ofo mobile phone app (iOS/Android), users may scan the QR code or enter the plate number displayed on each bike to receive a passcode and unlock it. Its bike-sharing system requires no docking stations, providing significant flexibility for users to find and return bikes anywhere, anytime. Once they reach their destination, the user may park the bike anywhere that is legitimate, convenient, and easy for the next user to access. But ofo does more than help commuters and travelers access bikes for getting around their cities. As a partner of the UN Development Programme, they are focused on achieving Global Sustainability Goals and promoting green and healthy living, and they have also launched a partnership with Rihanna's Clara Lionel Foundation to provide bikes and scholarships for schoolgirls in Malawi.

M-DAQ

Series B in 2013
M-DAQ Pte Ltd (formerly known as Summit Investment Pte Ltd) was founded by a group of veterans from the FX and Securities Industries with experience averaging 15 years amongst the key members. M-DAQ is an innovative and unique solution, providing a platform to price and trade any exchange-traded products in more than one currency by blending ‘executable’ FX rates into equities and futures products. M-DAQ is the IP owner and holds the key relationships with the National Exchanges and the Global FX Banks. M-DAQ handles the entire consultancy work for each Exchange to be enabled on M-DAQ Solution, and provides the Exchange and the FX Consortium Banks with a license to use the M-DAQ solution. In addition, the partner Exchange will receive a revenue share of the net FX margins. The Exchange partners continues to operate the new cross-currency platform under existing in-country regulatory framework.

Lashou.com

Series C in 2011
Lashou is a location-based, social commerce platform for web-based and mobile users in China. Lashou enables its users to carry out online-to-offline commerce transactions and provides merchants with marketing solutions. It currently provides services in 500 Chinese cities, including Beijing, Shanghai, Hong Kong, and Taipei. The company aims to expand in Southeast Asian countries such as Malaysia, Thailand, and Singapore in the second half of this year. Founded in March 2010, Lashou has quickly grown into China's biggest group-purchasing website with an estimated market value of $1.1 billion. The company has raised $55 million from Tenaya Capital, Norwest Venture, the Rebate Network, and GSR Partners. As of January 20, 2011, its registered users totaled 3 million and monthly visits exceeded 30 million.

Lashou.com

Series B in 2010
Lashou is a location-based, social commerce platform for web-based and mobile users in China. Lashou enables its users to carry out online-to-offline commerce transactions and provides merchants with marketing solutions. It currently provides services in 500 Chinese cities, including Beijing, Shanghai, Hong Kong, and Taipei. The company aims to expand in Southeast Asian countries such as Malaysia, Thailand, and Singapore in the second half of this year. Founded in March 2010, Lashou has quickly grown into China's biggest group-purchasing website with an estimated market value of $1.1 billion. The company has raised $55 million from Tenaya Capital, Norwest Venture, the Rebate Network, and GSR Partners. As of January 20, 2011, its registered users totaled 3 million and monthly visits exceeded 30 million.

Lashou.com

Series A in 2010
Lashou is a location-based, social commerce platform for web-based and mobile users in China. Lashou enables its users to carry out online-to-offline commerce transactions and provides merchants with marketing solutions. It currently provides services in 500 Chinese cities, including Beijing, Shanghai, Hong Kong, and Taipei. The company aims to expand in Southeast Asian countries such as Malaysia, Thailand, and Singapore in the second half of this year. Founded in March 2010, Lashou has quickly grown into China's biggest group-purchasing website with an estimated market value of $1.1 billion. The company has raised $55 million from Tenaya Capital, Norwest Venture, the Rebate Network, and GSR Partners. As of January 20, 2011, its registered users totaled 3 million and monthly visits exceeded 30 million.