Gaorong Capital () is a

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

-based

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm founded in 2014. The firm focuses on investments related to Technology, Media and Telecommunications (TMT).

Background

In January 2014,

IDG Capital Founded in Boston in 1992, IDG Capital is an investment and asset management firm that specializes in venture capital, private equity, and mergers & acquisitions. The firm currently has offices in fifteen cities around the world, including New York ...

employees Zhen Zhang, Xiang Gao and Bin Yue founded Banyan Capital. The three of them focused on TMT investments during their time at IDG Capital. The firm first fund that had an initial target of US$ 150 million was oversubscribed after only two month with over 40 investors attracted and raised a total of US$ 206 million. In 2018, the firm changed its name to Gaorong Capital in order to achieve more consistent brand recognition with Chinese entrepreneurs. The main investors of the firm include entrepreneurs, family offices, fund-of-funds, foundations and other institutional investors such as

Tencent Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the w ...

Alibaba Ali Baba (character), Ali Baba is a character from the folk tale ''Ali Baba and the Forty Thieves''. Ali Baba or Alibaba may also refer to: Films * Ali Baba and the Forty Thieves (1902 film), ''Ali Baba and the Forty Thieves'' (1902 film), a F ...

and

Xiaomi Corporation (; ), commonly known as Xiaomi and registered as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. Behind Samsung, it is the second largest ma ...

. Notable companies that the firm has invested in include Amazfit,

Nuro Nuro is an American robotics company based in Mountain View, California. Founded by Jiajun Zhu and Dave Ferguson, Nuro develops autonomous delivery vehicles and is the first company to receive an autonomous exemption from the National Highway ...

Pinduoduo Pinduoduo Inc. (; Pinyin: Pīn duōduō) is a subsidiary of PDD Holdings. It leverages technology to promote and enable the traditional agriculture industry. It has created a platform that connects farmers with consumers directly. In 2021, 16 ...

and Ucommune

Funds

References

External links

* {{authority control Chinese companies established in 2014 Financial services companies established in 2014 Investment management companies of China Venture capital firms of China