GGV Capital

GGV Capital is a global venture capital firm that invests in seed-to-growth stage investments across Consumer/New Retail, Social/Internet, Enterprise/Cloud and Smart Tech sectors.[2]

GGV Capital
TypePrivate
IndustryVenture Capital
PredecessorGranite Global Ventures
Founded2000 (2000)
HeadquartersMenlo Park, California, United States
Key people
  • Jixun Foo (Managing Partner)
  • Hans Tung (Managing Partner)
  • Jenny Lee (Managing Partner)
  • Glenn Solomon (Managing Partner)
ProductsInvestments
AUMUS$9.2 billion[1]
Websitewww.ggvc.com

The firm was established in 2000 in Singapore and Silicon Valley, and manages $9.2 billion in capital across 17 funds.[1][2]

Background

Formerly known as Granite Global Ventures, GGV Capital was founded in 2000.[3] The firm is led by six managing partners - Jixun Foo, Jenny Lee, Hans Tung, Glenn Solomon, Eric Xu and Jeff Richards. The investment team consists of over a dozen investment professionals around the world.[4]

Investments

Since its founding, GGV has invested in more than 200 active companies across the United States, Latin America, Israel, Southeast Asia, China and India, with over 56 of which are valued at over $1 billion.[5] According to the Center for Security and Emerging Technology, GGV is "most active in financing Chinese AI companies."[6][7]

GGV is focused on partnering with founders and companies that use technology to create transformative social and economic opportunities in emerging markets.[8]

In December 2020, GGV co-led the 30 million series B funding round for Boston technology company, Fairmarkit. The round was also co-led by Insight Partners, and had continued support from 1984 VC, New Stack, and NewFund.[9]

In January 2021, the firm closed on $2.52 billion over 4 funds, including $1.5 billion for its eight flagship fund, $366 million for an opportunity fund, $80 million for a founder network fund, and $160 million for a discovery fund.[1]

References
  1. "GGV Capital just announced $2.52 billion across new funds for 'entrepreneurs around the world'". TechCrunch. Jan 28, 2021.
  2. Katie Roof (October 16, 2018). "GGV Raises $1.88 Billion for New Funds". The Wall Street Journal.
  3. "SPEAKER LINEUP". Wild Digital. November 26, 2019.
  4. "GGV Capital". PitchBook Data. January 13, 2020.
  5. Rebecca Fannin (October 20, 2018). "What Makes GGV Capital Tick: It's Not Just $1.9 Billion In New Funds". Forbes.
  6. Ratnam, Gopal (2023-02-07). "Little-noticed US funding for China tech sector now draws scrutiny". Roll Call. Retrieved 2023-02-08.
  7. Weinstein, Emily; Luong, Ngor (2023). "U.S. Outbound Investment into Chinese AI Companies". Center for Security and Emerging Technology. doi:10.51593/20210067. S2CID 256932971. Retrieved 2023-02-08.
  8. "The Next Billion". GGV Capital. January 14, 2019.
  9. "Fairmarkit raises $30M Series B to Expand AI-Powered Procurement Platform for the Fortune 500 and Beyond". www.businesswire.com. 2020-12-10. Retrieved 2021-06-24.


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