Fifth fund will continue the firm’s 14 year history of backing top entrepreneurs across the U.S. and China
Menlo Park, CA and Shanghai, China – May 14, 2014 – GGV Capital, a leading venture capital firm focused on the U.S. and China, today announced that it has raised $620 million for its fifth venture capital fund. GGV Capital V is consistent in size and strategy with the firm’s previous funds, bringing its total capital under management to more than $2.2 billion.
As featured in TechCrunch.
The IPO window is currently wide open. Riding the wave of strong IPO performance over the past few years (the classes of ‘12 and ‘13 IPOs have on average returned 234% and 78%, respectively, according to Deutsche Bank data), a growing number of high growth, venture backed companies are filing for IPOs. In fact, five venture-backed IPOs have been completed already this year, and 13 more are now publicly on file.