After splitting their U.S. and Asia operations six months ago, the veteran investors at GGV Capital have rebranded their Singapore-based operation as Granite Asia and their U.S. team as Notable Capital, as reported by Forbes and Twitter.
Last fall, GGV Capital announced the split amidst growing tensions between the U.S. and China, prompting similar moves from other firms like Sequoia Capital. The decision to abandon the GGV Capital brand was made to reflect the separate operations of the newly formed teams.
Granite Asia, led by Jenny Lee and Jixun Foo, will focus on startups in China, Japan, South Asia, Australia, and Southeast Asia. Lee, a Forbes Midas List fixture, has overseen multiple successful IPOs, while Foo is credited with deals in notable companies like Xpeng Motors, Didi, and Grab.
Notable Capital, under the leadership of veteran investors based in Menlo Park, intends to continue investing in the U.S., Europe, and Latin America. The team includes Hans Tung, Jeff Richards, and Glenn Solomon, backing prominent companies like Airbnb, Coinbase, and HashiCorp.
Eric Xu, from GGV Capital’s Shanghai office, will oversee the firm’s yuan-denominated funds, while Oren Yunger, a managing director at Notable Capital, transitioned from GGV Capital last fall.
GGV Capital had raised $2.5 billion for its funds 2.5 years ago, with Granite Asia now managing a collective $5 billion and Notable Capital holding roughly $4.2 billion. The split was designed to support the independent growth and focus of each new brand.
Pictured above, left to right: Jeff Richards, Eric Xu, Glenn Solomon, Jenny Lee, Jixun Foo, and Hans Tung
