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    Gopher Asset Management

    Shanghai, ChinaFounded 2010
    www.gopherasset.com/en-usLinkedIn
    FintechEnterprise SoftwareConsumerMedia & EntertainmentGamingE-Commerce & Marketplace

    Gopher Asset Management is a Shanghai-based alternative asset management firm founded in 2010 as a subsidiary of Noah Holdings. The firm specializes in private equity fund-of-funds, secondary investments, and venture capital across the United States and China.

    Their most common stage is series-b (44% of deals). Average disclosed round size is $153.9M (across 9 rounds with reported amounts).

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    Portfolio

    8

    Fund Size

    —

    Top Stage

    Series B

    Last 12 Mo

    0

    Team

    YZ

    Yin Zhe

    Founding Partner, Chairman of Gopher Asset；Co-founder, Executive Director of Noah Wealth Management

    HQ

    Huang Qian

    Managing Partner for Private Equity Investment (Silicon Valley)

    LY

    Liu Yihao

    Managing Partner for Private Equity Investment

    ZK

    Zhang Kejian

    Managing Partner, Private Equity

    ND

    Ning Dongli

    Managing Director of the Multi-strategy Fund Investment Department

    WJ

    Wu Jing

    Managing Director, Digital Portfolio Management

    CT

    Chen Tiansong(Roy)

    Partner for Real Estate Investment (U.S.)

    GF

    Guo Feng

    Partner for Private Equity Investment

    HS

    He Sheng

    CTO

    PJ

    Peng Jing

    CEO of Gopher Asset

    XL

    Xu Lei

    CCO

    YF

    Ye Fang

    COO

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    9 investments
    CompanyRoundAmountDate
    Petal logoPetalSeries D$140MJan 2022
    Upgrade logoUpgradeSeries F$280MNov 2021
    Kodiak logoKodiakSeries B$125MNov 2021
    KKodiak Robotics, Inc.Series B$125MNov 2021
    FLYR logoFLYRSeries C$150MSep 2021
    Kyligence logoKyligenceSeries D$70MApr 2021
    Kr Space logoKr SpaceSeries B$145MJan 2019
    Adagene logoAdageneSeries C$50MMar 2018
    Kr Space logoKr SpaceSeries B$300MJan 2018

    Top Co-Investors

    CRV2 shared
    Battery Ventures2 shared
    SIP Global Partners2 shared
    Harpoon Ventures2 shared
    StepStone Group2 shared
    Muirwoods Ventures2 shared
    Lightspeed Venture Partners2 shared
    Gobi Partners2 shared
    Hoxton Ventures1 shared
    Bridgestone Americas1 shared
    BMW i Ventures1 shared
    Revaia1 shared
    Valar Ventures1 shared
    Gaingels1 shared
    RiverPark Ventures1 shared
    Afore Capital1 shared
    SV Angel1 shared
    Tarsadia Capital1 shared
    DST Global1 shared
    Coatue Management LLC1 shared

    Last updated: 9 September 2026