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GEM

20/F Block A, Marina Bay Center, South of Xinghua Road, Bao'an District, Shenzhen, Guangdong, 518101, China

Overview

Supporter of industrial mining and urban resource recycling.

Founded

2001

Deals · 12mo

2

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

China
Qatar
Switzerland
United States

Sector focus

Recycling
Waste Management

Investment portfolio

5rounds
NAMEDATESIZE
Skydrops
Mar 2026Led
$27 MOther Equity
Neowise
Jan 2026Participated
$29 MSeries B
Relief Therapeutics
Feb 2024Led
$57 MOther Equity
Aquaback Technologies
Jun 2023Led
$110 MOther Equity
Neowise
Mar 2023Participated
$29 MSeries A
Skydrops
Mar 2026Led
$27 MOther Equity
Neowise
Jan 2026Participated
$29 MSeries B
Relief Therapeutics
Feb 2024Led
$57 MOther Equity
Aquaback Technologies
Jun 2023Led
$110 MOther Equity
Neowise
Mar 2023Participated
$29 MSeries A
5
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

GEM: 5 funding rounds are recorded in the selected participation categories.All available history.
GEM: 5 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A01
Series B01
Other Equity30

Monthly Deal Activity

GEM: 5 deals are recorded across 44 months.All available history.
GEM: 5 deals are recorded across 44 months. All available history
MonthDeals
Mar '231
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

GEM: Health & Life Sciences is the largest displayed sector by deal count (3 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.

GEM: Health & Life Sciences is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Health & Life Sciences3
Clean Energy & Sustainability2
Manufacturing1
E-Commerce & Retail1
Consumer & Lifestyle1

Deal Size Distribution

GEM: 5 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.

GEM: 5 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M3
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

GEM: China has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

GEM: China has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
China2
Europe1
United States1
Qatar1
GEM: 4 co-investors are shown, with Delian Capital sharing 1 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.

GEM: 4 co-investors are shown, with Delian Capital sharing 1 recorded deals. All available history
Co-investorShared deals
Delian Capital1
Marathon Venture Partners1
Suzhou Angel Mother Fund1
TF Capital1

Investment Strategy

GEM: Led accounts for 60% and participating for 40% of round participation.All available history.
GEM: Led accounts for 60% and participating for 40% of round participation. All available history
CategoryDeals (count)Share (%)
Led360%
Participating240%
GEM: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
GEM: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3100%
Co-led00%

Team

Xu Kaihua

Chairman, President, and Founder