GGV’s Plans To Raise $1.1 Billion Reflect Shift Of Venture To East

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GGV teamAdding to the number of Asia-oriented venture firms out with new funds, GGV Capital is reportedly aiming to do a quick raise of up to $1.1 billion by early next year to invest in more of the kinds of China (and U.S.) technology high performers that have beefed up its track record.

The increased activity comes as venture investments in Asia are catching up to the level of the U.S. Investments in China and India, a focus of activity, more than tripled to $16.9 billion, only slightly below the $17.5 billion invested in the U.S., according to London-based consultancy Preqin.

The numbers are skewing higher for Asia as more firms raise mega funds, such as Sequoia Capital’s news to launch a $800 million fund for India. Fund-raising levels for China venture capital have been on a gradual upswing, reaching $7.6 billion in 2014, according to AVCJ research, but still lower than the peak of $14.6 billion in 2011.

GGV’s strategy of raising three funds for startups and emerging companies at various stages of growth reflects an industry trend. Sequoia runs both growth and early stage funds while Morningside Technologies, DCM, Qiming Venture Parnters, Shunwei Capital and Banyan Capital have recently raised top-up funds for portfolio companies at a later stage of growth.

 

 

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