Menlo Park-Based GGV Capital Raises New $625 Million Fund

Menlo Park, Calif. -- GGV Capital, a Menlo Park-based venture capital firm focused on the U.S. and China, said on Tuesday it has raised $625 million for its fourth fund. The fund exceeds the size of the firm's previous $610 million fund, raised in 2007, and brings its total capital under management to more than $1.6 billion. Founded in 2000, GGV invests in companies that operate in both the U.S. in China. Portfolio companies include Alibaba Group, AthenaHealth, AAC Technologies, Buddy Media, Endeca, hiSoft, Isilon, Pandora Media, Qunar, Square, SuccessFactors, Tudou, UCWeb, YY and 21ViaNet. The firm said it plans to continue its strategy of making expansion stage investments of $5-25 million in the Internet/digital media, cloud/SaaS and mobile sectors, as well as the consumer sector in China. 
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