Global venture capital firm GGV Capital has announced the closing of the largest family of funds in its 20-year history, totaling $2.52 billion.
The committed capital includes $1.464 billion for GGV Capital VIII, L.P., $366 million for GGV Capital VIII Plus, L.P., $610 million for GGV Discovery III, L.P., and $80 million for GGV Capital VIII Entrepreneurs Fund.
The managing partners of the new funds are Jixun Foo, Jenny Lee, Hans Tung, Glenn Solomon, Jeff Richards, and Eric Xu. GGV’s partners have more than 100 years of collective experience working with first-time founders as well as established leaders.
The closing of these funds coincides with one subsequent closing of GGV Capital RMB Fund II, with total committed capital of approximately RMB 3.4 billion ($525 million). This increases the firm’s total capital under management to approximately $9.2 billion across 17 funds.
GGV Capital is a global venture firm that invests in local founders, managing $9.2 billion with investments in the United States, Canada, China, Southeast Asia, India, Latin America, and Israel from offices in Silicon Valley, San Francisco, Singapore, Shanghai, and Beijing.
As a multi-stage, sector-focused firm, GGV Capital invests in seed-to-growth stage companies across three sectors: Social/Internet, Enterprise Tech, and Smart Tech.
Over the past two decades, the firm has backed more than 400 companies around the world, including Affirm, Airbnb, Alibaba, Big Commerce, Boss Zhipin, Grab, HashiCorp, Hello, JD MRO, Keep, Kujiale, Manbang, NIU, Opendoor Technologies, Peloton, Poshmark, Qunar/Ctrip, Slack, Square, StockX, Udaan, Wish, Xpeng, Zendesk, Zuoyebang, and more.
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