Benzinga | Jan 28, 2021 08:43AM EST

Famed Tech-Focused Venture Capital Fund Raises $2.5 Billion

* International venture capital firm GGV Capital has raised $2.52 billion across four funds, its largest deal to date.

* GCV raised $1.464 billion, $366 million, $610 million, and $80 million from GGV Capital VIII, GGV Capital VIII Plus, GGV Discovery III, and GGV Capital VIII Entrepreneurs Fund, respectively.

* These funds mark the continuance of GGV's multi-stage, sector-focused investment strategy in leading technology companies by a single international investment team.

* In the last 15 months, many high-profile companies from the GCV portfolio have gone public, including Affirm Holdings Inc (NASDAQ:AFRM), Agora Inc (NASDAQ:API), Airbnb Inc (NASDAQ:ABNB), BigCommerce Holdings, Inc (NASDAQ:BIGC), DraftKings Inc (NASDAQ:DKNG), eHang Holdings Ltd (NASDAQ:EH), Poshmark Inc (NASDAQ:POSH), Opendoor Technologies Inc (NASDAQ:OPEN), ContextLogic Inc (NASDAQ:WISH), and Xpeng Inc (NYSE:XPEV).

* Jixun Foo, Jenny Lee, Hans Tung, Glenn Solomon, Jeff Richards, and Eric Xu are the managing partners of the new funds.

* The closing of these funds overlaps with GGV Capital RMB Fund II's closing, with total committed capital of $525 million.

* The overlap has raised the firm's total capital under management to $9.2 billion across 17 funds.