GGV Capital Raises $450M For Follow-On Fund


GGV Capital, a venture capital firm focused on investing in technology and consumer companies in the U.S. and China, has launched a follow-on investment vehicle with a fundraising target of US$450 million, according to a securities filing.

The fund, which was named GGV Capital Select LLC and first disclosed in a February filing, will make follow-on investments in existing portfolio companies. It brings the firm’s total capital under management to over US$2.65 billion.

In May 2014, GGV Capital raised US$620 million for its fifth venture fund.

Founded in 2000, GGV Capital backed some of the most successful companies in the U.S. and China, including Alibaba Group Holdings, Qunar, Youku-Tudou, YY, and 21Vianet.

The firm, based in Menlo Park, California and Shanghai, has six managing partners including Jixun Foo, Jenny Lee, Hany Nada, Jeff Richards, Glenn Solomon, and Hans Tung.

 
China Expert network

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