GIC Private Limited
GIC
GIC Private Limited is the sovereign wealth fund of Singapore, active in Chinese venture capital as a limited partner and direct investor. Per a 2016 ranking, it was among the backers of Source Code Capital alongside Sequoia and Temasek . It has also led or participated in several growth-stage deals in the region: it led the Series C in R&D management tool ONES in 2021, a round that totaled nearly $100 million across three closings in six months , and led Indian fintech CRED's $140 million Series F at a $6.4 billion valuation in 2022 . More recently, in April 2026, GIC was named as a cornerstone investor in Lightelligence's Hong Kong IPO, joining Alibaba, BlackRock, and Fidelity International in a $209.9 million cornerstone tranche that covered over two-thirds of the offering . Elsewhere's corpus does not contain a dedicated profile of GIC's overall strategy, scale, or history; the above reflects its deal activity as captured in partner-fund reporting.
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Coverage
5Y News | Congratulations to Lightelligence on its Hong Kong Stock Exchange listing today!
The world's first publicly listed AI silicon photonics chip company is born.
ZhenFund Backs Global AI Silicon Photonics Chip Leader in Seed Round, *Lightelligence* Rings the Bell at Hong Kong Stock Exchange
Using light-based technology to infuse new power into the AI era.
5Y News | Indian Fintech CRED Closes Series F at $6.4 Billion Valuation
Focused on innovation in financial technology.
October is full of hope and fervor | 5Y News Monthly
The major events from last month.
Source Code Capital portfolio company "ONES" announces $50 million Series C round, with existing investor Source Code Capital continuing to increase its stake
Dedicated to building R&D management systems tailored to the needs of Chinese tech companies.
5Y News | R&D Management Tool ONES Closes Series C Funding, Raising Nearly $100 Million Across Three Rounds in Six Months
A R&D management system that meets the needs of Chinese tech companies.
Source Code Capital Named to 2015 China Best Foreign Venture Capital Firms Top 50
From April 11 to 13, 2016, ChinaVenture hosted the "2016 China Investment Annual Conference" in Shanghai, where Source Code Capital was named to the "2015 Top 50 Best Foreign VC Firms in China."
