GGV Capital

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American venture capital firm

title: "GGV Capital" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-established-in-2000", "venture-capital-firms-of-the-united-states", "defunct-financial-services-companies-of-the-united-states", "privately-held-companies-based-in-menlo-park,-california"] description: "American venture capital firm" topic_path: "geography/united-states" source: "https://en.wikipedia.org/wiki/GGV_Capital" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary American venture capital firm ::

::data[format=table title="Infobox company"]

FieldValue
nameGGV Capital
logo[[File:GGV Capital.png
typePrivate
industryVenture Capital
predecessorGranite Global Ventures
foundation
defunct
fateSplit into Granite Asia and Notable Capital
locationMenlo Park, California, United States
productsInvestments
homepage
::

| name = GGV Capital | logo = [[File:GGV Capital.png|250px|GGV Capital]] | type = Private | industry = Venture Capital | predecessor = Granite Global Ventures | foundation = | defunct = | fate = Split into Granite Asia and Notable Capital | location = Menlo Park, California, United States | products = Investments | assets = | homepage =

GGV Capital (Granite Global Ventures) was an American venture capital firm founded in 2000 and based in Menlo Park, California. Known for investing across the United States and Asia, the firm had become one of the most active American investors in the Chinese artificial intelligence industry. In September 2023, amid heightened scrutiny of U.S. investment in Chinese technology, the firm said it would separate its U.S. and Asia businesses. On March 29, 2024, it ceased using the GGV brand and split into two successor firms: Notable Capital (U.S.-focused) and Granite Asia (Asia-focused).

History

GGV Capital was founded in 2000 as Granite Global Ventures.

In 2005, investor Jenny Lee established GGV's Shanghai office.

GGV opened a Southeast Asia office in Singapore in 2019. In 2022, the firm had approximately $9 billion in assets under management.

In July 2023, the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party announced a review of several venture investors’ China exposure, including GGV. In September 2023, GGV announced that it would spin off its China operations. On March 29, 2024, GGV split into two firms and adopted new brands: Granite Asia for the Asia business and Notable Capital for the U.S. business.

Investments

Since its founding, GGV has invested in more than 200 active companies across the United States, Latin America, Israel, Southeast Asia, China and India, with over 56 of which are valued at over $1 billion. According to the Center for Security and Emerging Technology, GGV is "most active in financing Chinese AI companies."

Following US sanctions on the Chinese AI firm Megvii, GGV announced in March 2024 that the firm was “actively seeking exit” from its investment.

References

References

  1. (June 22, 2023). "America's plan to vet investments into China". [[The Economist]].
  2. Taylor, Sophie. (March 26, 2008). "GGV raises total capital managed above $1 bln". Reuters.
  3. Mac, Ryan. (March 25, 2015). "Cracking The Boys Club: Jenny Lee On What It Means To Be The Top Woman In Venture Capital".
  4. "GGV Capital opens first Southeast Asia office in Singapore".
  5. (2022). "Why GGV Capital's Hans Tung is OK with 2023 being 'the year of down rounds".
  6. (2023-07-19). "U.S. Venture Firms' Deals in China Tech Investigated by Congress Panel". [[The Wall Street Journal]].
  7. Primack, Dan. (September 22, 2023). "Venture capital firm GGV is splitting off its Chinese business". [[Axios (website).
  8. Loizos, Connie. (2024-04-01). "GGV Capital is no more, as partners announce two separate brands".
  9. Rebecca Fannin. (October 20, 2018). "What Makes GGV Capital Tick: It's Not Just $1.9 Billion In New Funds". [[Forbes]].
  10. Ratnam, Gopal. (2023-02-07). "Little-noticed US funding for China tech sector now draws scrutiny".
  11. (2023). "U.S. Outbound Investment into Chinese AI Companies".
  12. Griffith, Erin. (2024-02-21). "Silicon Valley Venture Capitalists Are Breaking Up With China". [[The New York Times]].

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financial-services-companies-established-in-2000venture-capital-firms-of-the-united-statesdefunct-financial-services-companies-of-the-united-statesprivately-held-companies-based-in-menlo-park,-california