Venture Capital · Profile from Venture Capital Research Companion

GGV Capital (Granite Global Ventures) — now Notable Capital and Granite Asia

The Menlo Park–Shanghai–Singapore firm, founded in 2000 as Granite Global Ventures, that made "cross-border" venture its brand — early in Alibaba, GrabTaxi, Musical.ly and Xiaohongshu on one side of the Pacific and Zendesk, Square, HashiCorp and Opendoor on the other — and then, under US congressional scrutiny of its China AI holdings, split in March 2024 into Notable Capital (US) and Granite Asia (Asia).

At a glance

Founded: 2000, as Granite Global Ventures, with offices in Silicon Valley (Menlo Park) and Asia (Singapore, then Shanghai from 2005); renamed GGV Capital ~2008 (reported)
Founders: A small group of US- and Asia-based partners; early partners included Thomas Ng, Scott Bonham, Hany Nada and Joel Kellman (reported; the exact founding roster is not consistently documented — verify). Jenny Lee (joined 2005), Glenn Solomon (2005), Jixun Foo (2006), Hans Tung (2013) and Jeff Richards (joining date not confirmed, verify) built the later franchise
Headquarters: Menlo Park, California (GGV); after the split, Notable Capital in San Francisco/Menlo Park and Granite Asia in Singapore, with offices in Shanghai and Beijing
Ownership / structure: Private partnership. Since March 29, 2024, two fully independent successor firms: Notable Capital (US, Israel, and some Latin America/global coverage) and Granite Asia (China, Southeast Asia, wider Asia). Legacy GGV funds are managed by the successors under the separation arrangements (details not disclosed)
Leadership (2026): Notable Capital: managing partners Glenn Solomon, Hans Tung, Jeff Richards, with Oren Yunger, Tiffany Luck and others (verify current roster). Granite Asia: managing partners Jenny Lee and Jixun Foo, with Jessie Jin and others (verify)
AUM / capital raised: ~$9.2bn across 17 funds (reported, 2021) at GGV's peak; first fund $161m (2001); largest family $2.52bn (closed January 2021). Successor-firm fundraising after 2024: not confirmed (verify)
Stage focus: Multi-stage: seed/early ("Discovery" funds), Series A–C core funds, and growth ("Plus" funds); historically sector-agnostic across consumer internet, enterprise/cloud, fintech, mobility and frontier tech
Signature investments: Alibaba (2004 round), Qunar, Tudou, Didi (via early taxi-hailing bets), GrabTaxi (2014 Series B lead), Xiaohongshu, Musical.ly, Megvii, Zendesk, Square, Nimble Storage, Domo, Wish, Opendoor, HashiCorp, Airbnb and Slack (later stage, reported). Failures and disappointments: Wish (post-IPO collapse), Domo (IPO below capital raised), Megvii (sanctioned)

9 deals and moves analysed

Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.

2004
Alibaba
Private Round
2012
Zendesk
Series D
2013
Domo
Growth Round
2014
Grab
Series B
2014
Wish
Series B
2014
Xiaohongshu
Early Venture
2015
Musically
Series B
2015
Opendoor
Series B
2016
HashiCorp
Series B

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