
Ggv Capital is a venture capital investment firm that focuses on investing in technology and consumer companies. They have invested in companies such as Slack, Airbnb, and DoorDash.
Ggv Capital was founded in 1999 by David Sze, who serves as the firm's managing partner. The firm has offices in San Francisco, New York, and Hong Kong.
Ggv Capital has invested in companies across various industries, including software, e-commerce, and fintech. Their portfolio companies have gone on to achieve significant growth and success.
History and Fund Information
GGV Capital has a rich history, founded in 2000 and based in Menlo Park, California.
The firm has invested in entrepreneurs across various sectors, including social/commerce, frontier tech, and cloud/SaaS. GGV Capital is a venture capital firm that invests in these areas.
GGV Capital has 27 funds in total, as of the latest information available. Here is a list of some of their notable funds:
GGV Capital VII is another notable fund, but the exact amount invested is not publicly disclosed.
History

GGV Capital was founded in 2000 under the name Granite Global Ventures. The company has undergone significant changes over the years.
Jenny Lee established GGV's Shanghai office in 2005, marking a major expansion for the firm. This move helped GGV tap into the growing Asian market.
By 2019, GGV had invested a substantial $6.2 billion and had offices in the US, China, and Singapore. The Singapore office was a significant addition, allowing GGV to further expand its global reach.
In 2022, GGV Capital had around $9 billion in assets under management. This growth was a testament to the firm's successful investments over the years.
In 2022, GGV Capital also made a significant move by raising money for the AAPI community from a group of venture capitalists and founders. This effort highlighted the firm's commitment to diversity and inclusion.
However, in 2023, GGV faced an investigation by the United States House Select Committee on Strategic Competition between the US and the Chinese Communist Party. This investigation was a major development for the firm.

As a result of the investigation, GGV announced that it would be spinning off its China operations in September 2023. This move marked a significant shift for the firm.
In March 2024, GGV split into two firms: Granite Asia, which would focus on Asian investments, and Notable Capital, which would focus on US investments. This split was a major development for the firm and marked a new chapter in its history.
Fund History
GGV Capital has a total of 27 funds, with some of them having impressive amounts of capital. The fund with the highest amount is GGV Capital VIII, which closed with $1,500M.
GGV Capital VIII is not the only large fund; GGV Discovery III also closed with a significant amount of $610M. This shows that the company is actively investing in various funds.
GGV Capital VIII Plus is another notable fund, closing with $366M. This fund, along with GGV Discovery III, demonstrates the company's commitment to investing in different areas.
Here's a breakdown of the funds mentioned:
The exact amounts of GGV Capital VIII Entrepreneurs Fund and GGV Capital VII are not publicly available, as they are marked as "XXM".
About the Fund

GGV Capital was founded in 2000 and is based in Menlo Park, California. The firm has been around for over two decades, providing a wealth of experience in the venture capital industry.
GGV Capital invests in entrepreneurs in the social/commerce, frontier tech, and cloud/SaaS sectors.
Investments and Portfolio
GGV Capital has invested in over 200 active companies across various regions, including the United States, Latin America, Israel, Southeast Asia, China, and India.
These investments have yielded impressive results, with over 56 companies valued at over $1 billion. The company's focus on financing Chinese AI companies has been particularly notable, with GGV being "most active in financing Chinese AI companies" according to the Center for Security and Emerging Technology.
GGV Capital has a diverse portfolio, with investments spanning various sectors and stages of funding. Some notable investments include Relay Therapeutics, which received $63 million in Series B funding, and Wish, which received $500 million in Series F funding.
Here are some of GGV Capital's notable investments:
Investments and Portfolio

GGV Capital has a significant presence in the investment world, with over 200 active companies across various regions. They have invested in companies in the United States, Latin America, Israel, Southeast Asia, China, and India.
GGV Capital has a diverse portfolio, with over 56 companies valued at over $1 billion. This is a testament to their successful investment strategy.
One notable investment is Wish, a company valued at over $500 million. GGV Capital has invested in Wish multiple times, including a Series F round.
GGV Capital has also invested in companies in the AI sector, with a focus on Chinese AI companies. This is according to the Center for Security and Emerging Technology.
Here are some notable investments made by GGV Capital:
GGV Capital has also made investments in companies like Xiaopeng Motors, Prynt, and Trash. They have a total of 532 investments, with their latest investment being in Botai Automation in August 2024.
Sectors Invested In

GGV Capital's investment portfolio is quite diverse, and they've got a keen eye for spotting opportunities in various sectors. Let's take a closer look at where they're putting their money.
Enterprise Applications is one of GGV Capital's top investment sectors, with a whopping 169 investments under their belt. They've also got a significant presence in High Tech, with 125 investments.
Consumer and Retail are other areas where they're actively investing, with 122 and 68 investments respectively. Enterprise Infrastructure is also a notable sector, with 62 investments.
Here's a breakdown of GGV Capital's investments by sector:
Geographic Investment
Investing in different geographic regions can be a smart move for diversifying your portfolio.
Geographic investment involves investing in assets located in various countries or regions, which can help reduce risk.
For instance, investing in emerging markets like China or India can provide higher returns due to their growing economies.
However, it's essential to consider factors like currency fluctuations, local regulations, and market volatility before making such investments.
Some investors may prefer to invest in developed countries like the US or Europe, which tend to have more stable economies.
Investing in real estate in popular tourist destinations like Hawaii or the Caribbean can also be a lucrative option.
Co-Investors

Over the past 23 years, 2735 investors have co-invested in GGV Capital's portfolio companies, including funds and angels. This number is staggering, highlighting the collaborative nature of investing.
GGV Capital has co-invested with 827 other investors, with some notable partners including IDG Capital, who have invested together in 12 companies.
In fact, there are 16 companies where Y Combinator has invested before GGV Capital, and 11 companies where Sequoia Capital has invested before GGV Capital. This shows that even experienced investors can still learn from each other's expertise.
A total of 878 investors have invested in rounds before GGV Capital, demonstrating the complexity and depth of the investment landscape.
Here are some of the top co-investors of GGV Capital:
- IDG Capital (12 companies)
After GGV Capital has invested, 1028 investors have followed suit, with notable partners including Tencent, Tiger Global Management, and Hillhouse.
Investment Activities
GGV Capital has been actively investing in startups across various regions, including the United States, Latin America, Israel, Southeast Asia, China, and India. They have invested in over 200 active companies, with 56 valued at over $1 billion.

GGV Capital has a significant presence in the Chinese AI market, according to the Center for Security and Emerging Technology. They have also led funding rounds for companies like GaiaWorks, investing $76 million in 2020.
One notable investment made by GGV Capital was in Next Gen Foods in Singapore, which they had invested in by 2021. They also closed a $620 million fund for startups in the US and China in 2014.
Which Company Stage Does Invest?
GGV Capital is a venture capital firm that invests in various stages of company growth. They have a clear preference for investing in companies that have already received funding.
According to their investment data, GGV Capital generally invests in Series A companies, with a total of 148 investments in this stage. This is significantly higher than their investments in other stages.
Their Series B investments are also substantial, with 114 investments in this stage. This suggests that GGV Capital is interested in companies that have already demonstrated some growth and traction.

Here's a breakdown of GGV Capital's investment stages:
It's worth noting that GGV Capital's investment data shows a clear decline in investments as the company stage increases. This could be an indication that they prefer to invest in companies that are still in their early stages of growth.
Acquired Companies
Acquired companies in GGV Capital's portfolio have been a significant part of their investment activities.
GGV Capital acquired Cacheflow on October 11, 2024, after first investing in the company on November 10, 2021. The company received a seed round of $6 million.
Winky Lux was acquired by GGV Capital on July 30, 2024, and the company had already received a seed round of $2 million on August 4, 2017.
HashiCorp was acquired on April 25, 2024, after GGV Capital first invested in the company on December 10, 2014, with a Series A round of $10 million.
Gem Security was acquired on April 10, 2024, after receiving a Series A round of $23 million on September 27, 2023.
Convex was acquired by GGV Capital on April 2, 2024, after receiving a Series B round of $39 million on October 12, 2021.
Partnerships and Research

Ggv Capital has a strong focus on partnerships and research. They have invested in companies like Hinge Health, which provides digital health and wellness solutions.
Their investment in Hinge Health is a prime example of their commitment to innovative healthcare solutions. Ggv Capital's partnership with Hinge Health has helped the company expand its services and improve patient outcomes.
Ggv Capital also partners with research institutions to stay at the forefront of industry trends. This collaboration enables them to gain valuable insights and stay ahead of the curve.
Their research-driven approach has led to significant returns on investment, making them a sought-after partner for startups and established companies alike.
Portfolio and Exit Information
Ggv Capital's portfolio is diverse, with investments in companies like Airbnb, Spotify, and Coupang, among others.
Ggv Capital's investments have resulted in significant returns, with Airbnb's IPO valuing the company at over $100 billion.
Ggv Capital has a strong track record of successful exits, with the firm having exited over 200 investments since its inception.
The firm's investment strategy focuses on backing visionary entrepreneurs and helping them build category-leading companies.
Ggv Capital's portfolio companies have created hundreds of thousands of jobs worldwide, contributing to economic growth and development.
Service Providers and Marketing
Ggv Capital's approach to service providers is centered around building strong relationships with their partners. They believe in fostering a collaborative environment where both parties can grow together.
One key aspect of this approach is their focus on marketing support. Ggv Capital provides extensive marketing resources to their portfolio companies, helping them scale their businesses and reach new audiences.
This investment in marketing has proven to be a valuable asset for their portfolio companies, enabling them to increase brand awareness and drive revenue growth.
4 Service Providers
GGV Capital has 4 service provider relationships, which can be beneficial for startups looking for guidance.
Cooley is one of the service providers listed, and it's a law firm that provides general counsel services.
The partnership data by VentureSource shows that Cooley is associated with at least one round of funding.
The service providers listed for GGV Capital include Cooley, but the details for the other two providers are unavailable due to subscription requirements.
A list of service providers for GGV Capital is provided below:
Content Marketing & Outreach

Content Marketing & Outreach is key to establishing yourself as a thought leader in your industry. The Next Billion website is a great example of this, serving as a valuable resource for a tech-focused audience.
Creating engaging content is essential, and it can take many forms. The Next Billion team created 'Ask Me Anything' sessions with Managing Partners, videos featuring portfolio companies, and well-researched articles on culture, trends, and other industry insights.
Channel activation is also crucial, and it's not just about having a presence on social media. GGV created a new regional LinkedIn page that curated content from the Next Billion, including podcasts and choice reads, relevant news, and valuable insights.
A solid content marketing strategy can help you reach a wider audience and build your reputation as an expert in your field.
Frequently Asked Questions
What is the new name for GGV Capital?
The new name for GGV Capital is Granite Asia. This name change allows the venture capital firm to focus on its investment platform in Asia.
What is the Chinese name for GGV Capital?
The Chinese name for GGV Capital is Jiyuan Capital. It is used for yuan-denominated funds managed independently under this brand.
How big is GGV fund?
GGV Capital manages a significant fund of $9.2 billion, making it a major player in the global venture capital landscape.
What happened to GGV?
GGV Capital split into two separate firms as of March 29, 2024, marking a significant change in its structure
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