Gaorong Ventures | Activity | F4

Gaorong Ventures Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Types

Time range

News

Partner Han Rui was named to 36Kr's 2024 list of outstanding investors under 36.

Han Rui named to 36Kr's 36Under36

Gaorong Ventures

gaorongvc.com

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News

Founding partner Zhang Zhen was ranked in Forbes' Global Midas List Top 10 for 2023.

Zhang Zhen ranked Top 10, Forbes Global Midas List

Gaorong Ventures

gaorongvc.com

Added recently

Investment

Executive Director Xin Wang described committing to autonomous-driving company Momenta within two weeks of first contact.

Momenta

Momenta Gaorong Ventures

163.com

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Exit

Portfolio company Momenta listed on the Hong Kong Stock Exchange, branded as the first 'physical AI' stock to go public in Hong Kong.

Momenta

Momenta Gaorong Ventures

t.cj.sina.com.cnJUL 2026

JUL 2026

Investment

Gaorong Ventures co-led the $15M+ Series A round in Waffo, a global payment and monetization platform, alongside Illuminate Financial. Gaorong had previously led Waffo's angel round in 2023.

Waffo

Waffo Gaorong Ventures

gaorongvc.comFEB 4, 2026

FEB 4, 2026

Exit

Mingming Henmang, China's largest snack and beverage retail chain, listed on HKEX (01768.HK). Gaorong co-led its first institutional round in 2021 and continued follow-on investing. IPO raised HK$3.67B, market cap exceeded HK$92B on debut.

Mingming Henmang

Mingming HenmangGaorong Ventures

gaorongvc.comJAN 28, 2026

JAN 28, 2026

Exit

Biren Technology (BirenTech) listed on HKEX (06082.HK) as the "first GPU stock" in Hong Kong. Gaorong participated in its Pre-B round in 2020. IPO raised HK$5.58B, market cap exceeded HK$100B on debut. This was Gaorong's 9th HKEX-listed portfolio company in 12 months.

Biren Technology

Biren Technology Gaorong Ventures

gaorongvc.comJAN 2, 2026

JAN 2, 2026

Milestone

Moonshot AI (Kimi) raised $500M Series C led by IDG with Alibaba, Tencent and existing investors including Gaorong Ventures oversubscribing. Gaorong participated as an existing investor. Funds to accelerate K3 model training.

Moonshot AI

Moonshot AI Gaorong Ventures

gaorongvc.comDEC 31, 2025

DEC 31, 2025

4 exits· JUL 2025 – DEC 2025Show all

Exit

Seyond (Innovusion/图达通), a global lidar solutions provider, listed on HKEX via De-SPAC (02665.HK). Gaorong led its angel round in 2016 and participated in Series A. It was Gaorong's 7th HKEX-listed portfolio company in 2025.

Innovusion

Innovusion Gaorong Ventures

gaorongvc.comDEC 10, 2025

DEC 10, 2025

Exit

Lianghuapai (QuantGroup/量化派), a Chinese online marketplace operator, listed on HKEX (02685.HK). Gaorong co-led its Series A in 2014 and participated in follow-on rounds. It was Gaorong's 6th HKEX IPO in 2025.

Lianghuapai (QuantGroup)

Lianghuapai (QuantGroup)Gaorong Ventures

gaorongvc.comNOV 27, 2025

NOV 27, 2025

Exit

Butong Group (BeBeBus parent), a premium maternal and baby brand, listed on HKEX (06090.HK) as the "first maternal and child consumption tech stock." Gaorong co-led its Series A+ in 2020 and was the largest institutional investor pre-IPO.

Butong Group (BeBeBus)

Butong Group (BeBeBus)Gaorong Ventures

gaorongvc.comSEP 23, 2025

SEP 23, 2025

Exit

Portfolio company Geek+ (极智嘉) listed on the Hong Kong Stock Exchange, one of the largest robotics-sector H-share IPOs to date.

Geek+ (Extreme Intelligence)

Geek+ (Extreme Intelligence)Gaorong Ventures

banyanvc.comJUL 9, 2025

JUL 9, 2025