GGV Capital raises $1.88bn

The Menlo Park, United States-based venture capital firm has held a final close for its latest vehicles.

GGV Capital has corralled a total of $1.88 billion for its new funds, including $1.36 billion for GGV Capital VII and GGV Capital VII Plus, $460 million for GGV Discovery II, and $60 million for GGV Capital VII Entrepreneurs Fund. Capital raised for these four funds will be used to invest in companies at all stages of growth, focusing mobility and new retail sectors.

Following the closing of these funds, the firm currently has $6.2 billion in assets.