Press Release

GGV Capital Raises $1.88 Billion

October 19, 2018

San Francisco – October 19, 2018 – Cooley advised GGV Capital (GGV) on the closing of its new funds totaling $1.88 billion. The new funds include GGV Capital VII and VII Plus, GGV Discovery II and GGV Capital VII Entrepreneurs Fund. Cooley partner Jordan Silber led the team advising GGV Capital. 

A multi-stage VC firm that invests in the US and China, GGV has $6.2 billion in capital under management and invests in the consumer/new retail, social/digital & internet, enterprise/cloud and frontier tech sectors. To date, GGV has invested in 51 market leaders across the US and China that have grown to $1+ billion in valuation. It has backed Alibaba, Grab, Hashicorp, Houzz, Keep, Niu, Opendoor, Poshmark, Square, Wish, Xiaohongshu (Little Red Book), YY, Zendesk and more.

GGV has been a Cooley client since its inception in 2000, and Cooley has advised the firm on the closing of all of its USD-denominated funds.

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