GGV Capital IX

GGV Capital IX is a venture capital fund managed by GGV Capital, a global firm founded in 2000 that focuses on investing in local founders across various sectors. The firm specializes in seed-to-growth stage investments, targeting industries such as Consumer/New Retail, Social/Digital & Internet, Enterprise/Cloud, and Frontier Tech. GGV Capital manages a total of $6.2 billion across 13 funds and has a diversified portfolio that includes notable companies like Airbnb, Alibaba, and Peloton. With offices in key locations such as Beijing, San Francisco, and Shanghai, GGV Capital aims to provide expansion capital ranging from $5 to $25 million for initial investments in both the United States and China. The firm's approach is to support innovative entrepreneurs and emerging technologies that can shape the future of their respective industries.

Jixun Foo

Global Managing Partner

Jenny Lee

Managing Partner

Haojun Li

Partner

Joshua Wu

Partner

Eric Xu

Managing Partner

Past deals in Collaborative Consumption

Point One

Series B in 2022
Building the next-gen consumer products!

Swimply

Venture Round in 2021
Swimply is an online marketplace that facilitates the rental of private pools by the hour. It enables pool owners to list their pools for rent, providing them with an opportunity to generate income from their underutilized assets. For those without access to a pool, Swimply offers an affordable way to enjoy private swimming facilities, particularly during the summer months. This platform connects pool owners with potential renters, fostering a community around shared recreational experiences.

JOKR

Series B in 2021
JOKR is a grocery and delivery platform that provides hyper-local product delivery services. The company offers customers delivery of an assortment of grocery and retail items to their doorstep in less than 15 minutes. It aims to democratize retail by bringing together global suppliers' all-time favorite products and local brands to support the small businesses in every neighborhood while minimizing waste. JOKR currently operates hubs in cities including New York, São Paolo, Mexico City, Bogota, Lima, Warsaw, and Vienna. It was headquartered in New York, New York in 2021.

Lanhu

Series C in 2021
Provider of a online product design collaboration platform. The company's product allows users to upload all resources related to the development of a product, enabling product managers, UI designers and development team to collaborate efficiently online.

JOKR

Series A in 2021
JOKR is a grocery and delivery platform that provides hyper-local product delivery services. The company offers customers delivery of an assortment of grocery and retail items to their doorstep in less than 15 minutes. It aims to democratize retail by bringing together global suppliers' all-time favorite products and local brands to support the small businesses in every neighborhood while minimizing waste. JOKR currently operates hubs in cities including New York, São Paolo, Mexico City, Bogota, Lima, Warsaw, and Vienna. It was headquartered in New York, New York in 2021.

Haitunjia

Series C in 2019
Haitunjia is a membership-based shopping platform that allows users to purchase items at cost. The company is based in China.

Wheelwell

Venture Round in 2019
Wheelwell is a visual marketplace for the automotive parts and services market. By leveraging the combined knowledge of enthusiasts, service professionals and brands, our platform aggregates the massive amount of disparate automotive data and turns it into meaningful information consumers can use to easily find the products and services they need. Wheelwell was founded by former Apple employees who are obsessed with cars, technology and big data. The founders have worked together for over a decade and have expertise in software, community and social platform development. Our Advisory Board brings together deep industry knowledge with with some of the most respected business minds in Silicon Valley.

Lime

Series D in 2019
Lime is a company focused on providing sustainable transportation solutions to address the first and last mile mobility challenges in urban areas. It offers an array of smart mobility options, including electric scooters and bikes, designed to be affordable and convenient for users while minimizing their carbon footprint. Lime collaborates with cities to deploy its fleet, which features electric kick-scooters and bikes equipped with GPS and self-activating locks, ensuring reliable access for riders. Through its services, Lime aims to encourage a shift in transportation behavior, promoting a greener future for urban mobility.

Xiaoqule

Series A in 2018
Xiaoqule is a community-focused e-commerce platform based in Hangzhou, China, and operates as a subsidiary of Zhejiang Gejia Network Technology Co., Ltd. The platform connects local businesses with consumers, facilitating the purchase of cost-effective products and services, including seasonal fruits and vegetables, imported snacks, and group ordering options. By shortening transportation times and ensuring the quality of goods, Xiaoqule enhances the shopping experience for local communities. Additionally, Xiaoqule provides logistical support, encompassing transportation, technology, marketing, and customer service, thereby enabling users to interact with their communities while conveniently fulfilling their purchasing needs.

Aikucun

Series B in 2018
Aikucun is a sales distribution company that provides fast and controllable inventory sales channels. As the micro-business purchasing channels have a certain privacy, completely independent of the traditional sales channels, and will not affect the brand's existing sales system. The brand owner can easily complete the inventory sales simply by sharing the inventory. Founded in 2017 by Shanghai Zhongdan Information Technology Co., Ltd., Aikucun is a crowdsourcing distribution platform.

OfferUp

Series D in 2018
OfferUp provides an online and mobile C2C marketplace app for people to buy and sell electronics, furniture, and cars. It enables users to post items for sale to friends, followers, people nearby, people of similar interests, moms groups, and craigslist using phones or tablets, browse local items with new postings daily; and message buyers and sellers. Arean Van Veelen and Nick Huzar founded it in 2011, with its headquarters in Bellevue in Washington.

Peloton

Series F in 2018
Peloton is transforming the fitness landscape by integrating high-quality design with advanced technology to offer live and on-demand fitness classes led by top instructors. Founded in 2012 and headquartered in New York, the company operates an interactive fitness platform that includes two main segments: Connected Fitness Products and Subscription services. Revenue from Connected Fitness Products comes from the sale of its bikes and treadmills, along with accessories, delivery, installation, and extended warranties. The Subscription segment, which generates the majority of the company's revenue, includes monthly fees for connected fitness and digital subscriptions. Peloton's unique approach combines hardware, software, and engaging content, creating a socially connected workout experience that appeals to a wide audience. The company sells its products online and through an expanding network of showrooms, primarily serving customers in North America and select international markets.

Xiangwushuo

Series B in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

Zuiyou

Series C in 2018
Zuiyou is a social networking mobile application for sharing and discovering content such as recommendations, topics and videos.

Xiangwushuo

Series A in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

Xiaohongshu

Series D in 2018
Xiaohongshu is a young lifestyle sharing platform to share positive energy and good life through the sharing of text, pictures and video. Xiaohongshu offers an overseas shopping tip app. Xiaohongshu started its business by helping overseas travelers to draft a shopping list before they hit the roads. But with the aggregation of more UGC contents, the service is transforming into a community for those who are passionate about fashion and shopping and want to know more about these fields even though they do not have overseas traveling plans on their schedules.

Haitunjia

Seed Round in 2018
Haitunjia is a membership-based shopping platform that allows users to purchase items at cost. The company is based in China.

Xinshang

Series C in 2018
Xinshang is a Chinese e-commerce platform that serves as a customer-to-customer marketplace for secondhand luxury goods, including bags, shoes, watches, clothing, and jewelry. The platform allows users to sell their used luxury items or purchase secondhand or new luxury products at more affordable prices. Xinshang has experienced significant growth, with its monthly transaction value reportedly increasing by 30% each month. The company claims to hold over 50% of the secondhand luxury goods transaction market in China, positioning it as a key player in this emerging sector.

Xiangwushuo

Seed Round in 2018
Xiangwushuo operates an online platform that enables users to buy and sell unused items, facilitating the effective use of idle consumer goods. Based in Beijing, China, the platform also allows business owners to promote and sell their products online. Users can give away their products by providing information to the platform, while others can acquire these items by paying delivery fees and using reward points known as Little Red Flower. This system not only encourages transactions but also incentivizes user engagement through activities like inviting friends to join. Xiangwushuo thus promotes a circular economy by connecting individuals and businesses in the exchange of goods.

Poshmark

Series E in 2017
Poshmark, Inc. is a social marketplace based in Redwood City, California, that facilitates the buying and selling of lifestyle products, including apparel, footwear, home items, beauty products, and accessories. Founded in 2011, the platform allows users to connect over a shared interest in fashion, making shopping an engaging experience. Poshmark caters to a diverse audience, featuring over 25 million items from more than 5,000 brands, and boasts a community of over two million Seller Stylists who assist shoppers in finding their ideal styles. The marketplace promotes sustainability by encouraging users to resell personal items, thus supporting environmentally conscious consumer choices. As of late 2020, Poshmark had approximately 31.7 million active users, with a significant number engaged in buying and selling activities.

Lime

Series B in 2017
Lime is a company focused on providing sustainable transportation solutions to address the first and last mile mobility challenges in urban areas. It offers an array of smart mobility options, including electric scooters and bikes, designed to be affordable and convenient for users while minimizing their carbon footprint. Lime collaborates with cities to deploy its fleet, which features electric kick-scooters and bikes equipped with GPS and self-activating locks, ensuring reliable access for riders. Through its services, Lime aims to encourage a shift in transportation behavior, promoting a greener future for urban mobility.

Peloton

Series E in 2017
Peloton is transforming the fitness landscape by integrating high-quality design with advanced technology to offer live and on-demand fitness classes led by top instructors. Founded in 2012 and headquartered in New York, the company operates an interactive fitness platform that includes two main segments: Connected Fitness Products and Subscription services. Revenue from Connected Fitness Products comes from the sale of its bikes and treadmills, along with accessories, delivery, installation, and extended warranties. The Subscription segment, which generates the majority of the company's revenue, includes monthly fees for connected fitness and digital subscriptions. Peloton's unique approach combines hardware, software, and engaging content, creating a socially connected workout experience that appeals to a wide audience. The company sells its products online and through an expanding network of showrooms, primarily serving customers in North America and select international markets.

Zuiyou

Series B in 2016
Zuiyou is a social networking mobile application for sharing and discovering content such as recommendations, topics and videos.

Wheelwell

Seed Round in 2016
Wheelwell is a visual marketplace for the automotive parts and services market. By leveraging the combined knowledge of enthusiasts, service professionals and brands, our platform aggregates the massive amount of disparate automotive data and turns it into meaningful information consumers can use to easily find the products and services they need. Wheelwell was founded by former Apple employees who are obsessed with cars, technology and big data. The founders have worked together for over a decade and have expertise in software, community and social platform development. Our Advisory Board brings together deep industry knowledge with with some of the most respected business minds in Silicon Valley.

OfferUp

Series C in 2016
OfferUp provides an online and mobile C2C marketplace app for people to buy and sell electronics, furniture, and cars. It enables users to post items for sale to friends, followers, people nearby, people of similar interests, moms groups, and craigslist using phones or tablets, browse local items with new postings daily; and message buyers and sellers. Arean Van Veelen and Nick Huzar founded it in 2011, with its headquarters in Bellevue in Washington.

Poshmark

Series D in 2016
Poshmark, Inc. is a social marketplace based in Redwood City, California, that facilitates the buying and selling of lifestyle products, including apparel, footwear, home items, beauty products, and accessories. Founded in 2011, the platform allows users to connect over a shared interest in fashion, making shopping an engaging experience. Poshmark caters to a diverse audience, featuring over 25 million items from more than 5,000 brands, and boasts a community of over two million Seller Stylists who assist shoppers in finding their ideal styles. The marketplace promotes sustainability by encouraging users to resell personal items, thus supporting environmentally conscious consumer choices. As of late 2020, Poshmark had approximately 31.7 million active users, with a significant number engaged in buying and selling activities.

Boxed

Series C in 2016
Founded in 2013, Boxed has taken the best elements of the wholesale shopping experience and folded it into one innovative, cutting edge mobile app that allows consumers direct-to-their-door access to all of their favorite warehouse club products, without membership fees. Boxed brings convenience and savings to on-the-go consumers who don’t have the time, means or patience to shop at a brick and mortar big box club. The elegantly designed iPhone and Android app offers bulk-sized goods at pint-sized prices, and is completely free to download and use. Boxed does all the heavy lifting, delivering a rich array of wholesale items directly to doorsteps across the continental United States in two days or less. The brand’s innovative discovery-based design recreates the fun of the treasure hunt experience with a curated selection of everyday essentials that consumers love including household staples, health and beauty supplies, office pantry and grocery items, and a wide variety of organic and green products.

FlightCar

Series B in 2015
FlightCar, Inc. is an online platform that connects car owners with travelers seeking rental vehicles, primarily at airports. Founded in 2012 and headquartered in San Francisco, California, FlightCar enables individuals who park their cars at airports to rent them out to other approved travelers, thus maximizing the utility of parked vehicles. The service is available in various cities across the United States, including major locations such as Los Angeles, Boston, and Washington D.C. By facilitating this peer-to-peer car rental model, FlightCar offers travelers an economical alternative to traditional car rental services while providing car owners with an opportunity to earn income from their vehicles.

Xiaohongshu

Series B in 2015
Xiaohongshu is a young lifestyle sharing platform to share positive energy and good life through the sharing of text, pictures and video. Xiaohongshu offers an overseas shopping tip app. Xiaohongshu started its business by helping overseas travelers to draft a shopping list before they hit the roads. But with the aggregation of more UGC contents, the service is transforming into a community for those who are passionate about fashion and shopping and want to know more about these fields even though they do not have overseas traveling plans on their schedules.

Boxed

Series B in 2015
Founded in 2013, Boxed has taken the best elements of the wholesale shopping experience and folded it into one innovative, cutting edge mobile app that allows consumers direct-to-their-door access to all of their favorite warehouse club products, without membership fees. Boxed brings convenience and savings to on-the-go consumers who don’t have the time, means or patience to shop at a brick and mortar big box club. The elegantly designed iPhone and Android app offers bulk-sized goods at pint-sized prices, and is completely free to download and use. Boxed does all the heavy lifting, delivering a rich array of wholesale items directly to doorsteps across the continental United States in two days or less. The brand’s innovative discovery-based design recreates the fun of the treasure hunt experience with a curated selection of everyday essentials that consumers love including household staples, health and beauty supplies, office pantry and grocery items, and a wide variety of organic and green products.

Didi

Series D in 2014
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation. Bo Zhang and Wei Cheng established the company in 2012 in Beijing, Beijing.

Chuchujie

Series B in 2014
Founded in 2011, Chuchujie started as a shopping guide platform that provided information on deals - priced at RMB9.90 or below

FlightCar

Series A in 2014
FlightCar, Inc. is an online platform that connects car owners with travelers seeking rental vehicles, primarily at airports. Founded in 2012 and headquartered in San Francisco, California, FlightCar enables individuals who park their cars at airports to rent them out to other approved travelers, thus maximizing the utility of parked vehicles. The service is available in various cities across the United States, including major locations such as Los Angeles, Boston, and Washington D.C. By facilitating this peer-to-peer car rental model, FlightCar offers travelers an economical alternative to traditional car rental services while providing car owners with an opportunity to earn income from their vehicles.

TotSpot

Seed Round in 2014
Totspot is a mobile marketplace specializing in the resale of children's fashion, providing a platform for parents to buy and sell clothing with ease. Founded in January 2008 and based in Mountain View, California, Totspot enables users to personalize their shopping experience by filtering options based on size, brand preference, and seller affinity, resulting in average savings of 70% off retail prices. The platform facilitates simple selling, allowing parents to post items in under 60 seconds, with all transactions managed within the app. Totspot's intuitive interface promotes safe and efficient peer-to-peer transactions, fostering a community where families can inspire and learn from one another while engaging in sustainable shopping practices.

SoundCloud

Series D in 2014
SoundCloud is a social sound platform that enables users to create, upload, and share audio content, including music. Launched in 2008 by Alexander Ljung and Eric Wahlforss, it serves as a hub for a diverse community of creators and listeners. The platform allows sound creators to instantly record and distribute their works while providing them with detailed statistics and feedback from the community. SoundCloud connects artists with their fans globally, facilitating the promotion and sharing of music through blogs, websites, and social networks. This open platform not only helps artists distribute their work but also enhances the music discovery experience for users.

Citrus Lane

Series A in 2012
Citrus Lane is an online and mobile platform that connects parents, particularly mothers, with trusted brands and advice. The company offers a monthly subscription box filled with toys and product samples, allowing parents to discover new products for their children. Additionally, Citrus Lane features a comprehensive e-commerce platform where subscribers can purchase a curated selection of high-quality products. The platform fosters a highly engaged community, where members can review, vote on, and share advice about various products based on their experiences. This combination of subscription services, e-commerce offerings, and community engagement makes Citrus Lane a valuable resource for new and expecting parents seeking reliable products for their children.

SoundCloud

Series C in 2012
SoundCloud is a social sound platform where anyone can create and share sounds. It allows people to discover and enjoy the largest selection of music from the world’s most diverse creator community. This is made possible by an open platform that directly connects creators and their fans across the globe. Sound creators can use the platform to instantly record, upload, and share sounds across the internet, as well as receive detailed stats and feedback from the SoundCloud community. SoundCloud was launched in 2008 by Alexander Ljung and Eric Wahlforss.
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