Cointime

Cointime

Download App
iOS & Android
Home / Financing

GGV Capital Splits Into Two Separate Partnerships To Focus on Different Geographic Markets

On September 22, GGV Capital announced that it will be divided into two completely independent partnership enterprises, each with its own unique brand name. The American partnership enterprise, led by managing partners Glenn Solomon, Hans Tung, Jeff Richards, and Oren Yunger, will mainly invest in North America, Latin America, Israel, Europe, and India/US cross-border, with offices in Silicon Valley and New York.

The Asian partnership enterprise, led by managing partners Jenny Lee and Jixun Foo, will mainly invest in China, Southeast Asia, and South Asia, with headquarters in Singapore. In addition, the RMB fund under the brand of Jiyuan Capital will continue to be independently managed by managing partner Eric Xu. The transformation is expected to be completed in the first quarter of 2024.

investment China
Comments

All Comments

Recommended for you

  • Barcelona-based Web3 Video Games Startup GFAL Raises $3.2M in Seed Funding to Expand Team and Accelerate Production Plans

    Barcelona-based startup GFAL has secured $3.2 million in seed funding from investors including Supercell Ltd and Mitch Lasky. The company plans to use the funds to expand its team and accelerate its game production plans, which leverage AI and Web3 technology for immersive gameplay. GFAL's Elemental Raiders mobile game soft-launched in March 2023, with plans to build on this for a 2024 launch. CEO Manel Sort expressed gratitude for the investment and excitement to work with former colleagues from Digital Chocolate.

  • On-chain content distribution agreement Metale Protocol completes additional $2 million in seed round financing

    Metale Protocol, a content distribution protocol on the blockchain, announced the completion of an additional $2 million seed round of financing. Waterdrip Capital led the investment, with participation from Aipollo Investment and Ultiverse. As of now, the total size of its seed round financing has reached $4 million. Metale Protocol was formerly known as Read2N, a Web3 decentralized reading application. The new funds will be allocated to its content creation fund to stimulate more content creation activities and promote the construction of its protocol as a platform for issuing and distributing content assets on the blockchain.

  • DWF Ventures announces investment in blockchain game developer Overworld

    DWF Ventures announced an investment in Overworld, a chain game developer. Overworld recently announced plans to launch another NFT series, and in addition, Overworld will soon launch the main world arena.

  • Cryptool invests $2 million in digital currency trading platform Bittime

    On May 1st, investment firm Cryptool invested $2 million in cryptocurrency trading platform Bittime in Series A funding. Founded in 2017, Cryptool focuses on first and second-level investments in digital currency, with a total investment of $30 million by 2023.

  • Backed raises $9.5 million in funding round led by Gnosis for tokenization of real-world assets

    Backed, a Switzerland-based tokenized asset issuer, has raised $9.5 million in a funding round led by Gnosis. The company aims to speed up its private tokenization offering and onboard asset managers to blockchain rails with the investment. Tokenization of real-world assets is becoming increasingly popular, with the market for RWAs predicted to reach $10 trillion by the end of the decade. Backed has already issued over $50 million worth of tokenized RWAs, including ERC-20 compatible token versions of exchange-traded funds and individual stocks like Coinbase and Tesla.

  • London-based X10 raises $6.5M to expand hybrid crypto exchange operations

    London-based hybrid crypto exchange company X10 has raised $6.5m in funding from investors including Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber fund, as well as executives from Revolut and the founder of Lido, Konstantin Lomashuk. The funds will be used to expand operations and development efforts. X10 offers a hybrid model that combines the centralized exchange experience with the benefits of DeFi, including on-chain trade settlement, validation, and self-custody. The exchange also provides a customizable web interface, advanced market and portfolio analytics, and premier on- and off-ramping options provided through trusted global partners.

  • Crypto accounting firm H&T completes $10 million in financing

    Harris and Trotter Digital Assets (H&T), a crypto accounting firm that provides comprehensive services to approximately 500 native cryptocurrency clients, has completed a $10 million financing round with Orbs leading and Re7 Capital and Kingsway Capital participating.
  • Ana Paula Pereira ·

    Sam Bankman-Fried's perspective on FTX fall

    Sam Bankman-Fried testified in court this week, denying any wrongdoing between FTX and Alameda Research despite admitting “big mistakes."
    Sam Bankman-Fried's perspective on FTX fall

  • Encryption Fund MT Capital Received $10 Million Investment From BM Fund, a Canadian Family Office

    BM Fund, a well-known family office in Canada, announced a $10 million investment in MT Capital. Momentum Capital (MT Capital for short) is a native cryptocurrency fund headquartered in the San Francisco Bay Area. It was initiated by multiple senior investors who entered the cryptocurrency industry early, and the main team members have invested in many well-known projects. Carmen, the founder of BM Fund, said: "MT Capital's partner Eason has achieved significant returns for us in many previous collaborations. His professional investment vision is an important reason why we decided to invest in Momentum Capital during the bear market."

  • Thailand Threatens Court Action Against Facebook Over Crypto Scam Ads

    Thailand is threatening to take legal action against Facebook if it does not address the issue of alleged investment and crypto scam ads on its platform. The Ministry of Digital Economy and Society claims that over 200,000 people have been deceived by Facebook ads promoting crypto scams, fake businesses, and fake government agencies.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company