GGV Capital, a venture capital firm focused on the US and China, has raised $625m for its fourth venture capital fund.
GGV’s Fund IV, which is comprised of US$520m and RMB 650m (approximately US$105m), exceeds the size of the firm’s $610m Fund III, which was raised in 2007.
The vehicle will make expansion stage investments of $5 ā 25m 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.
Founded in 2000, GGV Capital, through its single, global team investing across the US and China, has backed companies in those two markets including Alibaba Group, AthenaHealth, AAC Technologies, Buddy Media, Endeca, hiSoft, Isilon, Pandora Media, Qunar, Square, SuccessFactors, Tudou, UCWeb, YY and 21ViaNet.
General Partners are Jixun Foo, Jenny Lee, Hany Nada, Thomas Ng, Jeff Richards, Glenn Solomon and Fumin Zhuo. Additional partners include Jessie Jin and Bruce Yu.
FinSMEs
21/08/2012