ggv capital

  • Musical.ly raising $100 million at $500 million valuation for social music videos

    Musical.ly raising $100 million at $500 million valuation for social music videos

    Musical.ly, the app that makes it easy to create music videos, is in the process of raising about $100 million in funding, at around a $500 million post-money valuation, TechCrunch has learned. The details are still being finalized, but the plan is for GGV Capital and Qiming Venture Partners to co-lead the round, with participation from Greylock Partners and DCM. Headquartered in… Read More

  • Poshmark raises $25 million for its fashion resale marketplace

    Poshmark raises $25 million for its fashion resale marketplace

    Poshmark, the site for buying and selling women’s fashion, has announced that it has raised $25 million in a round led by GGV Capital. Hans Tung, managing partner at GGV Capital is joining the company’s board of directors. Attracting 1.5 million sellers since its launch, Poshmark has found a niche in the clothing resale business, with an app that makes cleaning out your closet… Read More

  • GGV Capital just raised $1.2 billion; here’s where it plans to invest it

    GGV Capital just raised $1.2 billion; here’s where it plans to invest it

    Back in February, we told you GGV Capital was raising a more than a billion dollars from its investors. This morning, the 16-year-old, cross-border venture firm is making it official. The final tally, says GGV, is $1.2 billion, including a $675 million main fund; a $225 million “Plus” fund to back its most promising companies as they mature; a $250 million… Read More

  • Slack is work chat’s runaway train, raises $200M at $3.8B

    Slack is work chat’s runaway train, raises $200M at $3.8B

    The Slack rocketship won’t slow down. The business messaging startup has raised $200 million at a $3.8 billion post-money valuation, the company confirms to TechCrunch. The round was led by Thrive Capital, with participation by GGV, Comcast Ventures and Slack’s existing investors, including Accel, Index Ventures and Social Capital. This brings the total funding for the… Read More

  • GGV Capital Is Raising A Giant New Fund

    GGV Capital Is Raising A Giant New Fund

    GGV Capital, a 15-year-old, cross-border venture fund that invests in both U.S. and China-based companies, is raising two giant new funds, shows two new SEC filings that list a target of $880 million and $250 million, respectively. Both forms state that the first sale has yet to occur. The figures represent an enormous increase in the amount of money that GGV is managing; a fast close… Read More

  • Employees Deplane From Flightcar As It Undergoes Major “Restructuring”

    Employees Deplane From Flightcar As It Undergoes Major “Restructuring”

    Imagine a young startup where two of three founders are pushed out the door. Imagine that this same startup parts ways with its COO, its SVP of Finance, its VP of Guest Experience, its VP of Engineering, its VP of Marketing and roughly half its other full-time employees, all within a period of months. Not last, imagine that the remaining cofounder, who is 20, has never before held a… Read More

  • Aspiration, A “Merrill Lynch With A Conscience,” Gains Traction

    Aspiration, A “Merrill Lynch With A Conscience,” Gains Traction

    As consumers, we can probably agree that bank profits are, well, gross. In the second quarter of this year alone, U.S. lenders wrung a record $43 billion from their customers. It’s the kind of stat that a small but growing two-year-old, L.A.-based investment company called Aspiration is increasingly using to gain new customers. In the words of cofounder and CEO Andrei Cherny… Read More

  • An Early Investor Offers Some Lessons From Alibaba’s Evolution

    An Early Investor Offers Some Lessons From Alibaba’s Evolution

    A co-founder of GGV Capital, one of Alibaba’s earliest investors, reflects on the lessons other companies can take from how the e-commerce giant grew in China and how Yahoo’s investment in the company can still be a model for Western companies looking to enter the Chinese market. Read More

  • Early Alibaba Backer GGV Raises $620M For Fifth Fund

    Early Alibaba Backer GGV Raises $620M For Fifth Fund

    GGV , the backers of US and Chinese tech companies like Alibaba, Pandora, Qunar, Zendesk and Tudou, has raised $620 million for its fifth venture capital fund. GGV Capital V is just $5 million shy of the firm’s last fund, raised in 2012, and brings the firms total capital under management to more than $2.2 billion. Read More