Wednesday, August 22, 2012

GGV Capital Closes $625M Fund

Menlo Park-based GGV Capital said this week that it has raised $625M in its fourth, venture capital fund. The firm said the fund includes $520M in US funds, and RMB 650M (approx $105M US) in Chinese funds. GGV Capital focuses on bth investments in the US and China. The company said the new fund will continue to make expansion stage investments of $5M to $25 million into companies in the Internet/digital media, cloud/SaaS and mobile sectors in the US and China as well as the consumer sector in China. Some of the firm's prior investments include Alibaba, Pandora Media, Isilon, Buddy Media, Square, Tudou, and SuccessFactors, among many others. More information »