GSR Ventures is a global early-stage venture capital firm founded in 2004, managing over $3.7 billion in assets. The firm backs technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology, with offices in Beijing, Hong Kong, and Singapore. In Africa, GSR Ventures invested $220 million across three funding rounds from July 2019 to March 2022. The firm focused on Series A and Series B stages, targeting fintech and crypto & Web3 sectors in Nigeria and South Africa. Key investments include Opay in Nigeria, with $50 million Series A in July 2019 and $120 million Series B in November 2019, and VALR in South Africa, with $50 million Series B in March 2022. GSR Ventures co-invested alongside firms such as Source Code Capital, HongShan, IDG Capital, Coinbase Ventures, and Pantera Capital.