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Gaocheng Capital

Suite 1705, 17/F, Tower A, Ping An IFC, 3 Xinyuan South Rd, Chaoyang, Beijing, 100027, China

Overview

Growth-stage private equity investment in tech and enterprise services.

Founded

2018

Deals ยท 12mo

2

Links

WebsiteLinkedIn

Stage focus

Series B
Series C

Geographic focus

China
Hong Kong
United States

Sector focus

Enterprise
Finance
Financial Services
Human Resources
...

Investment portfolio

8rounds
NAMEDATESIZE
Robot Era
Mar 2026Participated
$145 MOther Equity
Neolix
Oct 2025Participated
$600 MSeries D
Zhizhangyi
Oct 2024Led
$28 MSeries B
Jiahe
Jan 2024Led
$14 MSeries B
EventX
Feb 2022Participated
$8 MSeries B
EventX
Oct 2021Led
$10 MSeries B
ClassIn
Dec 2020Participated
$265 MSeries C
51CTO
Feb 2020Led
$20 MSeries C
Robot Era
Mar 2026Participated
$145 MOther Equity
Neolix
Oct 2025Participated
$600 MSeries D
Zhizhangyi
Oct 2024Led
$28 MSeries B
Jiahe
Jan 2024Led
$14 MSeries B
EventX
Feb 2022Participated
$8 MSeries B
EventX
Oct 2021Led
$10 MSeries B
ClassIn
Dec 2020Participated
$265 MSeries C
51CTO
Feb 2020Led
$20 MSeries C
8
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Gaocheng Capital: 8 funding rounds are recorded in the selected participation categories.All available history.
Gaocheng Capital: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B31
Series C+12
Other Equity01

Monthly Deal Activity

Gaocheng Capital: 8 deals are recorded across 81 months.All available history.
Gaocheng Capital: 8 deals are recorded across 81 months. All available history
MonthDeals
Feb '201
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Gaocheng Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (5 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Gaocheng Capital: Networks, Cloud & Communication is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Networks, Cloud & Communication5
Enterprise Software4
Data, Analytics & IT3
Manufacturing2
Media & Entertainment2
Hardware & Robotics1
Education & Workforce1
Cybersecurity & Privacy1
AI & Machine Learning1
Professional Services1
Space & Frontier Tech1
Developer Tools1

Deal Size Distribution

Gaocheng Capital: 8 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Gaocheng Capital: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M3
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M1
$500M-$1B1
$1B+0

Deals By Geography

Gaocheng Capital: China has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Gaocheng Capital: China has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
China5
Hong Kong2
United States1
Gaocheng Capital: 20 co-investors are shown, with CDH Investments sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Gaocheng Capital: 20 co-investors are shown, with CDH Investments sharing 2 recorded deals. All available history
Co-investorShared deals
CDH Investments2
HTC2
Beijing Artificial Intelligence Industry Investment Fund1
CITIC Capital1
Fenghe Capital1
Gaorong Capital1
GL Ventures1
Guangfa Qianhe1
Hillhouse Capital1
Hillhouse Venture1
INCE Capital1
Legend Capital1
Samsung1
SIG1
Singtel1
SMIC1
StoneVenture1
Templewater1
Tencent1
Tsinghua Holdings1

Investment Strategy

Gaocheng Capital: Led accounts for 50% and participating for 50% of round participation.All available history.
Gaocheng Capital: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led450%
Participating450%
Gaocheng Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Gaocheng Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Daisy Cai

Partner

Demos Guo

Executive Director

Ethan Chen

Vice President

Ivy Liu

MD

Jing Hong

Founding Partner