Global venture capital firm GGV Capital raised $1.88 billion across four funds at their respective closes.

GGV's main funds — GGV Capital VII and GGV Capital VII Plus — raised $1.36 billion, while GGV Discovery II, which is focused on seed and early-stage opportunities, raised $460 million. GGV Capital VII Entrepreneurs Fund, which largely comprises company founders as limited partners, raised $60 million.

GGV Capital pursues a multi-stage, sector-focused strategy of investing in global technology companies via a single U.S. and China team.