Gaorong Capital Fund VII

Gaorong Capital

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Status

ACTIVE

Global HQ

Beijing, China

Countries of investment

China

Investment stages

Seed
Series A
Series B
Growth

Industries

Consumer Products
Consumer Services
Enterprise Software
AI
Robotics
Deep Tech
Health Tech

About
Gaorong Capital is a Beijing-based venture capital firm founded in 2014 by three former IDG Capital partners. The firm focuses on new consumption, new technology, and healthcare sectors, backed by sovereign and pension funds, university endowments, and family offices. Gaorong's portfolio includes major Chinese unicorns such as Meituan, Pinduoduo, and Nuro, with 17 unicorns and 16 IPOs among its portfolio companies.

Min check size: $1M
Max check size: $20M
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Investment Thesis

Gaorong Capital focuses on early and growth-stage investments in TMT, AI, and frontier technologies, positioning itself as China's Founders' Fund with strategic investors including founders and senior managers of Tencent, Baidu, Taobao, Xiaomi, and Meituan.

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Manager's Experience

Founded in 2014 by three former IDG Capital investors. Gao Xiang spent eleven years as an IDG partner. Gaorong manages over $4B across roughly 300 companies, was an early backer of Pinduoduo, and has taken Geek+, Biren and Momenta public.