New Economy Forum
GGV Capital Raises $1.9 Billion to Back U.S., China Startups
- Largest amount the venture capital firm has raised in 18 years
- Fund has investments at all stages of a startup’s growth
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GGV Capital, a venture capital firm that was an early backer of Chinese e-commerce giant Alibaba Group Holding Ltd., has raised $1.88 billion in funding for technology startups in the U.S., China and emerging markets.
The amount, which is the largest GGV has raised to date, will be distributed across GGV’s funds that focus on companies at different stages, including $460 million for early-stage startups and $1.36 billion for later-stage companies.