DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Golden Sand River, Ltd
Golden Sand River, Ltd
Multi-stage venture firmGrand Caymangsrventures.comSEC venture capital fund adviserpart of GSR Ventures
One of 4 advisers that share gsrventures.com; the firm is GSR Ventures. GSR Ventures Advisors, LLC, Golden Sand River (digital), Ltd., Gsr. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
both early and growth/opportunity families, reported GAV $2,032M
Importance
39
elevated
Active deployment
0
low
Emerging
0
low
Completeness
56
elevated
Freshness
99
high
Research priority
9
low
Identity and regulatory footprint
- Headquarters
- Grand Cayman, Cayman Islandsadviserinfo.sec.gov
- Office address
- FLOOR 4 WILLOW HOUSE, CRICKET SQUARE, Grand Cayman, KY1-9010adviserinfo.sec.gov
- Business phone
- 345-9145871adviserinfo.sec.gov
- Website
- HTTP://WWW.GSRVENTURES.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 27, 2024
- Private funds reported
- 8 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $2.0Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Trident Trust Company (cayman) Limited As Trustee of the Lim Charitable Trust (Trustee), F; GSR Legacy Ltd (Shareholder), C
- business phone
- 345-9145871adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
Other Technology 50%Other Health Care 50%
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
8 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| GSR Ventures IV, L.P. | Fund | 2011 form d first sale | Harvest | $1.7B Mar 27, 2024 | 59 | $350M of $350M | Jul 8, 2011 |
| GSR Ventures III, L.P. | Fund | unknown | Unknown | $158M Mar 27, 2024 | 58 | unknown | unknown |
| GSR Opportunities IV, L.P. | Opportunity fund | unknown | Unknown | $58.0M Mar 27, 2024 | 30 | unknown | unknown |
| GSR Principals Fund IV, L.P. | Feeder or parallel | unknown | Unknown | $50.3M Mar 27, 2024 | 14 | unknown | unknown |
| GSR Ventures II, L.P. | Fund | unknown | Unknown | $18.5M Mar 27, 2024 | 33 | unknown | unknown |
| GSR Ventures I, L.P. | Fund | unknown | Unknown | $5.0M Mar 27, 2024 | 22 | unknown | unknown |
| GSR Associates II, L.P. | Fund | unknown | Unknown | $1.1M Mar 27, 2024 | 12 | unknown | unknown |
| GSR Principals Fund I, L.P. | Feeder or parallel | unknown | Unknown | $216,689 Mar 27, 2024 | 20 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
4 current, 0 departed
Alexander Pan
PrincipalShareholder / Director · since Aug 1, 2011
Jian Ding
PrincipalShareholder / Director · since Aug 1, 2011
Richard Lim
PrincipalDirector · since Oct 1, 2005
Ryann Shu Fern Yap
PrincipalDirector · since Jan 1, 2011
Investments on record
2 edges, 2 companies, 2 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Alessa Therapeutics, Inc. | board seat | unknown · board | Richard Lim (strongly supported) | unknown | unknown | May 1, 2025 | Inference SEC EDGAR Form D data sets (quarterly) |
| Deep 6 AI Inc. | board seat | unknown · board | Richard Lim (strongly supported) | unknown | unknown | Nov 20, 2024 | Inference SEC EDGAR Form D data sets (quarterly) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
8 relationships from shared deals, counted for the whole firm
Mission Biocapital 1 shared · one timeIaso Ventures Management Firm LLC 1 shared · one timeVariant 1 shared · one timeWintermute Ventures 1 shared · one timeBankless Ventures LLC 1 shared · one timeGalaxy Ventures 1 shared · one time · they led 1FalconX 1 shared · one timeNascent Ventures 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
12 dated events
- Sep 15, 2026Golden Sand River, Ltd: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $2,032M)Classification changedClassificationInferenceno URL
- Mar 20, 2017GSR Opportunities IV, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $64,924,721Fund first reported on Form ADVFundsFactGSR Opportunities IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017GSR Ventures III, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $457,458,313Fund first reported on Form ADVFundsFactGSR Ventures III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017GSR Principals Fund I, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $747,690Fund first reported on Form ADVFundsFactGSR Principals Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017GSR Ventures I, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $23,165,056Fund first reported on Form ADVFundsFactGSR Ventures I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017GSR Ventures II, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $118,599,015Fund first reported on Form ADVFundsFactGSR Ventures II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017GSR Associates II, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $7,256,386Fund first reported on Form ADVFundsFactGSR Associates II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017Golden Sand River, Ltd first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017GSR Ventures IV, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $1,123,985,087Fund first reported on Form ADVFundsFactGSR Ventures IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2017GSR Principals Fund IV, L.P. first reported on Form ADV by Golden Sand River, Ltd (Venture Capital Fund), GAV $33,174,235Fund first reported on Form ADVFundsFactGSR Principals Fund IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2011Ryann Shu Fern Yap joined Schedule A of Golden Sand River, Ltd as Director
- Oct 1, 2005Richard Lim joined Schedule A of Golden Sand River, Ltd as Director
Classification history
- Sep 15, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $2,032M
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $58M across 1 vehicles
Evidence
26 observations from 1 source