Wednesday, April 13, 2016

GGV Capital Closes $1.2B In New Investment Funds

Menlo Park- and Shanghai-based GGV Capital has raised $1.2 billion in three new funds, the company said this morning, including $900M for GGV Capital VI and VI Plus, $250M for GGV Discovery I, and $50M for GGV Capital VI Entrepreneurs Fund. The firm said the new funds brings its total managed to $3.8 billion, spread across eight funds. The new early stage, GGV Discovery I fund specifically goes towards early stage investments in China, and the GGV Capital VI Entrepreneur Fund is mostly company founders among its LPs.