Gaorong recently completed the second phase of the RMB 560 million fund financing. At this point, the VC2 .0 team, which has only been established for more than a year, has completed the raising of three US dollar funds and two RMB funds. The total amount of funds managed is approximately US$ 700 million and nearly RMB 1 billion, respectively, and is focused on TMT. Early and growth period investment.
The Founders 'Fund lineup is even stronger. Gaorong is committed to being China's Founders' Fund. In addition to the top international national sovereign funds, University funds, family funds, parent funds, and pensions, it also includes many successful entrepreneurs in the Internet industry.. In the second phase of the RMB fund, Gaorong's investors added more Internet industry entrepreneurs, as well as some capital industry leaders and traditional industry heavyweight entrepreneurs. Together they provide valuable industry resources for investment companies. And entrepreneurial experience.
The RMB fund favors the angel round "Gaorong" to make decisions quickly. Unlike the US dollar fund's main investments in round A and round B, Gaorong's RMB fund favors the earlier angel round and pre-A round projects. Because at this stage, entrepreneurs need money to get to the account as soon as possible, and the flexibility of the yuan can meet this point.
Founding partners Zhang Zhen, Gao Xiang, and Yuebin are known as "Gaorong's Three Musketeers." They have rich experience, have their own strengths, and have a tacit understanding of cooperation. They are usually "collectively dispatched" and make investment decisions in the shortest possible time.
Take stock of Gaorong's first-phase RMB fund investment projects, most of which are angel rounds. For example, the recent trip to get a top international VC A round of funding is a platform that uses charter travel to cut in and is committed to providing a comprehensive travel service for domestic and foreign destinations for self-service tourists. At present, the daily volume has exceeded 1,000, and it is making every effort to open up the global market. In the second half of 2014, Gaorong's team and the founders finalized the investment in less than a week.
At the time when the founder had only one idea for an ecommerce venture, Gaorong had invested millions of dollars and continued to support the latest round of investment. At present, Yuanbaopu has successfully provided more than 10,000 micro O2O and e-commerce companies with more than 1 billion yuan in credit.
Another wealthy cat, which also belongs to Internet finance, has grown rapidly by selecting the diversified products of traditional financial institutions. Today, it has more than 2 million users and monthly sales of more than 1 billion. Last year Gaorong identified angel investments within a week after learning of the founder's ideas.
The reason why investment decisions can be made in such a fast time is inseparable from Gaorong's research and judgment on the main development direction of the Internet. Cuitao, the founder of the walking trip, said: "Gaorong is efficient, decision-making is fast, and accurate. The entire team is very friendly and professional. Entrepreneurs do not have pressure to talk. Follow-up can give the company good experience at a large strategic level. "
While favoring early investment, Gaorong's RMB fund will also participate in investing in some excellent TMT companies seeking domestic listings to form a layout in the main direction and influence in the domestic A-share market. For example, Lexin, the world's leading health hardware manufacturer, and Qian Baobao, the leader of the mobile payment industry.Keep an eye on elite entrepreneurs and good grassroots entrepreneurs
Under the wave of Internet entrepreneurship, Gaorong believes that elite entrepreneurship has become a trend. The so-called "elite entrepreneurs" are mainly executives of large Internet companies and experienced continuous entrepreneurs. Because starting a business is not just a good idea, it also requires powerful resources to match and understand the ecosystem and landscape of the industry, which is often the advantage of elite entrepreneurs. Therefore, Gaorong has invested a lot of energy in continuing to pay attention to elite entrepreneurs and has also invested in many excellent start-up companies.
Zhaoguodong, the founder of Netbank Online and a former vice president of Jingdong, received tens of millions of yuan in financial support from Gaorong in the early days of the venture. The unique model he founded, which helped traditional banks transform Internet finance as a starting point, has been sought after by traditional banks. In just a few months, he has signed the head offices of dozens of banks and has become a black horse in the field of Internet finance.
The founding team of the leading home massage service points in the country is 58 directors or higher level executives. It is already the second largest P2P car rental company's fast car rental. The founder was the COO of Rika Car Rental. Chenruigui, the founder of Yuanbao Shop, is the founder of several large-scale e-commerce projects and has successfully invested in a number of billion e-commerce companies. The founder of Poly Cat was COO on Copper Street. And Gaorong is an angel investor in these companies. All of these entrepreneurs have their own rich industry resources and entrepreneurial experience, and Gaorong's resources and strategic vision in the Internet circle can still give more help to the entrepreneurial team. Zhaoguodong, founder of Zhongrong Jin, said: "Gaorong fully trusts entrepreneurs and actively coordinates the resources sharing between the companies she invests in. At the same time, Gaorong has a strong network relationship in the Internet circle, which is very helpful to us in terms of traffic and business cooperation.. "
In addition to elite entrepreneurs, Gaorong also found that many excellent grassroots entrepreneurs have found new ways to find entrepreneurial opportunities and unique practices that large companies have not discovered and become the industry's "invisible champion." Through top-down research, Gaorong has also discovered some of these teams, and these companies will hopefully become subversive forces in the future. Gaorong manages three US dollar funds and two RMB funds, totaling nearly US$ 700 million and RMB 1 billion, and focuses on TMT's start-up and growth investment. Investors include dozens of successful entrepreneurs, such as the founders of companies such as Tencent, Baidu, Alibaba, Xiaomi, Focus, Potato, Sohu, Jingdong, and Wipin, as well as top global institutional investors.The founding partners have accumulated more than 40 years of TMT industry investment experience. They have led investment in a number of outstanding companies, including millet, potatoes, 91 assistants, storm video, mushroom street, thunder snake, blue port, and knife tower legend. A number of companies invested by Gaorongchengli later grew into leaders in their respective industries in a short period of time, including: Aiya Jiwu, Beibei, Avazu, and Huami.