GGV Capital Dissolves as Partners Unveil Two Separate Brands

After announcing the split of their U.S. and Asia operations six months ago, veteran investors Jenny Lee and Jixun Foo have rebranded their Singapore-based operation as Granite Asia, while the U.S. team is now called Notable Capital, according to reports.

The decision to rebrand comes amid growing tensions between the U.S. and China, although GGV Capital did not explicitly cite this as the reason for the split. Similarly, Sequoia Capital divided its operations last year, with the U.S. team retaining the Sequoia brand, while the India & Southeast Asia team was rebranded as Peak XV Partners and the China team as HongShan.

Granite Asia, led by Jenny Lee and Jixun Foo, will focus on startups in China, Japan, South Asia, Australia, and Southeast Asia. Jenny Lee is a prominent figure on Forbes’s Midas List, with notable IPOs including Xiaomi and Kingsoft WPS. Jixun Foo’s deals include Xpeng Motors, Didi, and Grab.

Notable Capital, led by investors based in its Menlo Park office, including Hans Tung, Jeff Richards, and Glenn Solomon, plans to continue investing in the U.S., Europe, and Latin America. Tung’s deals include Airbnb, StockX, and Slack, while Richards has backed Coinbase, Tile, and Handshake, and Solomon’s deals include HashiCorp, Opendoor, and Drata.