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Investor profile

Gaorong Capital

Venture Capital · Founded 2013 · Dongcheng District, China

Gaorong Capital is a venture capital firm that focuses on early and growth stage investments in TMT, including AI and frontier technologies

182 portfolio companies Venture Capital · $9.9B invested · 234 investments · Investor rank #283 · Last investment 8/2026
Portfolio companies 182 ↑ 65% 5y
Decacorns 4 ↑ 50% 5y
Thoroughbreds 15 ↑ 40% 5y
01 · Biggest holdings

Gaorong Capital’s biggest current holdings.

The most valuable companies Gaorong Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Gaorong Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 Moonshot AI | KimiDecacorn · Enterprise Software · China $35.0B
  2. 2 Genki ForestDecacorn · Food · China 3.5% $15.0B $525M
  3. 3 NuroUnicorn · Robotics · USA 2.5% $6.0B $150M
  4. 4 YITU TechnologyUnicorn · Security · China 2.5% $2.4B $60M
  5. 5 Flash ExpressUnicorn · Transportation · Thailand 4% $2.1B $84M
  6. 6 AgiBot | Zhiyuan RobotUnicorn · Robotics · China $2.1B
  7. 7 Danke ApartmentUnicorn · Real Estate · China $2.0B
  8. 8 OPayUnicorn · Fintech · Nigeria $2.0B
  9. 9 LibLibUnicorn · Media · China $2.0B
  10. 10 Stealth StartupUnicorn · Robotics · China $2.0B
  11. 11 TJ RoboticsUnicorn · Robotics · China $1.4B
  12. 12 NothingUnicorn · Consumer Electronics · UK $1.3B

Estimated value = Gaorong Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Gaorong Capital also appears inside investor groups in Galaxy Space, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Gaorong Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Gaorong Capital’s transaction record.

$24B IPO · 2018
Now $67BFood
$6.0B IPO · 2025
Entered Series B+Now $12BSemiconductors
$8.2B IPO · 2021
Entered Series B+Now $8.2BJobs Recruitment
$6.6B IPO · 2021
Entered SeedNow $448MFood
$6.3B IPO · 2021
Entered Series B+Now $4.1BJobs Recruitment
$4.7B IPO · 2020
Entered Series B+Now $2.9BHome Living
$4.7B IPO · 2021
Entered Series B+Now $270MHealth
$2.4B IPO · 2018
Entered Series ANow $83MGaming
$2.4B IPO · 2025
Entered Series ANow $2.4BFintech
$1.8B acquisition · 2024
Entered SeedHealth
$345M IPO · 2025
Entered Series ANow $1.2BRobotics
Bebebus
$1.1B IPO · 2025
Entered Series ANow $1.1BKids
03 · Portfolio analysis

Where Gaorong Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 182 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. China156
  2. USA17
  3. Singapore6
  4. Australia1
  5. Hong Kong1
  6. Japan1
  7. Nigeria1
  8. Taiwan1
  9. Thailand1
  10. Uganda1
  11. UK1
By sectorCount
  1. Health34
  2. Enterprise Software20
  3. Semiconductors16
  4. Robotics14
  5. Fintech12
  6. Marketing11
  7. Transportation11
  8. Media9
  9. Gaming7
  10. Energy6
  11. Food6
  12. Home Living6
By stage enteredCount
  1. Series A88
  2. Series B+54
  3. Seed40
By growth stageCount
  1. Breakout Stage81
  2. Late Growth65
  3. Early Growth41
04 · Portfolio market map

Inside Gaorong Capital’s portfolio.

The 60 highest-funded portfolio companies, of 182 tracked.

Moonshot AI | Kimi
Enterprise Software · Decacorn
$35B
PDD Holdings
Food · Decacorn
$67B
Nuro
Robotics · Unicorn
$6.0B
Dingdong Maicai
Food
$448M
ARIDGE
Transportation · Unicorn
$2.5B
ESWIN Computing
Semiconductors · Unicorn
$1.6B
Danke Apartment
Real Estate · Unicorn
$2.0B
Earendil Labs
Health · Unicorn
$3.0B
Biren Technology
Semiconductors · Decacorn
$12B
Flash Express
Transportation · Unicorn
$2.1B
Nothing
Consumer Electronics · Unicorn
$1.3B
Geek+
Robotics · Unicorn
$1.2B
Advance.ai
Security · Unicorn
$2.0B
Shuidi
Health
$270M
OPay
Fintech · Unicorn
$2.0B
Huya
Gaming
$83M
LibLib
Media · Unicorn
$2.0B
Cornerstone Robotics
Health
$800M
Dotc United
Marketing · Unicorn
$1.1B
YITU Technology
Security · Unicorn
$2.4B
DotC United Group
Telecom
$701M
Flexiv
Robotics
$400M
Aiwujiwu
Real Estate
Sironax
Health
$800M
Tongxin Software Technology
Enterprise Software · Unicorn
$1.1B
Carl Power Technology
Transportation
$400M
Roborock
Home Living · Unicorn
$2.9B
ProfoundBio
Health · Unicorn
$1.8B
Perfect Diary
Wellness Beauty
$617M
Pulnovo Medical
Health
$400M
Dian Xiaomi
Enterprise Software
$440M
China Storage Guoneng (Beijing) Technolog
Energy
$688M
Beibei
Kids · Unicorn
$1.0B
Genki Forest
Food · Decacorn
$15B
Sichuan Wofei Changkong Technology Development
Transportation · Unicorn
$1.6B
Boss Zhipin
Jobs Recruitment · Unicorn
$4.1B
Kanzhun
Jobs Recruitment · Unicorn
$8.2B
Chengdu Qi Carbon Technology
Health
$688M
Kaikeba.com
Education
$371M
XTransfer
Fintech · Unicorn
$1.0B
XVERSE
Media
$480M
Tongxin Medical Technology
Health
$400M
X-EPIC
Security
$110M
Moqi Intelligent Technology
Robotics · Unicorn
$1.0B
Linctex
Fashion
$400M
Shanghai Bloks Technology
Gaming
$215M
AkroStar
Semiconductors
$694M
TJ Robotics
Robotics · Unicorn
$1.4B
Weijing Energy Storage
Energy
$330M
Hygea Medical Technology
Health
$385M
HashKey
Fintech · Unicorn
$2.4B
MingMed
Health
$200M
XYZ Robotics
Robotics
$160M
Bivision
Health
$220M
Jiangsu Chip Changzheng Microelectronics Group
Travel
$688M
Shanghai Allink Biotherapeutics
Health
$188M
AIpark
Transportation
$168M
AgiBot | Zhiyuan Robot
Robotics · Unicorn
$2.1B
Saint Bella
Health
$175M
WIZ.AI
Marketing
$150M
05 · Portfolio founders

Where Gaorong Capital’s portfolio founders come from.

110 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. China75
  2. United States11
  3. Singapore6
  4. Australia5
  5. Anguilla4
  6. United Kingdom4
  7. Nigeria2
  8. Hong Kong1
  9. Ireland1
  10. Thailand1
UniversityCount
  1. Tsinghua University8
  2. Zhejiang University4
  3. Harvard University3
  4. Peking University3
  5. Carnegie Mellon University2
  6. Fudan University2
  7. Huazhong University of Science and Technology2
  8. Wharton School of the University of Pennsylvania2
  9. Albert Einstein College of Medicine1
  10. Arizona State University1
Previous companyCount
  1. Microsoft4
  2. Alphabet | Google3
  3. OnePlus3
  4. Alibaba2
  5. Amazon2
  6. Baidu2
  7. Climate Pledge Fund2
  8. Intel Corporation2
  9. Intel NAND Memory Unit2
  10. Meituan2