Announcement

GGV Capital Asia Rebrands as Granite Asia, fortifying its mission to fuel purposeful growth of the region.

Mar 30 2024

3-min read

Originally founded in 2000 as Granite Global Ventures (GGV), the rebrand reflects its expanded plan to become Asia’s leading multi-asset investment platform.

● Jenny Lee and Jixun Foo, investment veterans with a combined portfolio of $5 billion (USD) and GGV’s long-time Singaporean managing partners, continue to lead the firm.

● The firm is headquartered in Singapore and invests in the APAC region including Southeast Asia, Japan, China, India, and Australia.

● Granite Global Ventures (GGV)’s founding partner Thomas Ng, along with two luminaries who championed GGV’s establishment – Dr Teh Kok Peng, former GIC president for Special Investments, and Mr Teo Ming Kian, former Chairman of Singapore’s National Science and Technology Board, form the advisory council to guide the firm’s expanding vision.

GGV Capital, a leading global venture firm, rebrands its Asian operations as Granite Asia, reflecting the plan to become the region’s leading multi-asset investment platform.

The name honours Granite Global Ventures, GGV Capital’s original name when founded in 2000. The firm remains dedicated to managing its existing portfolio in Southeast Asia, China and India with plans to expand into other asset classes and markets in APAC, reflecting the evolving needs of investors.

Jenny Lee and Jixun Foo, long-time investment veterans with a combined portfolio of US $5 billion, lead the rebranded firm following a solid track record of two decades of growth at GGV.

Granite Global Ventures (GGV)’s founding partner Thomas Ng, along with two luminaries who championed its establishment in Singapore in 2000 – Dr Teh Kok Peng, former GIC president for Special Investments, and Mr Teo Ming Kian, former Chairman of Singapore’s National Science and Technology Board, are joining the firm as advisors.

The major macroeconomic and structural shifts in recent years have necessitated greater adaptability in financial solutions and industry knowledge. With Jenny and Jixun’s 24-year track record of operations and expanding capabilities, Granite Asia is ready to contribute to the growth of private investments in the region.

Dr Teh Kok Peng

Chairman of Granite Asia’s Advisory Council and former GIC President for Special Investments

Collaboration among like-minded investors is crucial in the development and strengthening of an innovation ecosystem. Sharing insights and perspectives helps in the identification of opportunities and mitigation of risks, enabling the emergence and growth of innovative enterprises. I’m excited to participate in Granite Asia’s renewed commitment and contribution to the ecosystem in Asia - a continuing journey to support the next phase of growth for the region through technopreneurship.

Teo Ming Kian

Founding Advisor of Granite Asia and chairman of Singapore Technologies Engineering and Vertex Ventures Holdings

Mr Teo supported the founding of GGV under the Technopreneurship Investment Fund as part of the initiative to kickstart developing a knowledge-based, innovation-driven economy in Singapore.

Granite Asia is a homecoming for Jixun and Jenny after elevating GGV in the world’s two largest markets. I take immense pride in their unwavering tenacity and am even more exhilarated about what the future holds.

Thomas Ng

Founding Advisor of Granite Asia and Founding Partner of GGV Capital

“Granite formed the bedrock of Granite Global Ventures (GGV). We’re thrilled to build upon our firm’s strong foundation for future success,” remarked Jixun Foo, senior managing partner of Granite Asia.

“The landscape for investing has never been more complex or exciting. Born and bred in Asia, we are committed to creating win-win-wins for our investors, businesses we invest in, and the region at large”, added Jenny Lee, senior managing partner of Granite Asia.