- Granite Asia, formerly GGV Capital’s Asia unit, has rebranded and expanded its focus.
- The firm now operates as a multi-asset platform.
- Partners Jenny Lee and Foo Jixun aim to navigate the complex Asia-Pacific region.
Granite Asia, formerly the Asia unit of GGV Capital, has undergone a strategic rebranding led by senior managing partners Jenny Lee and Foo Jixun.
The decision to rebrand was a deliberate one, reflecting the partners’ desire to maintain a connection the work they had put in as founding team members of GGV Capital.
Investing in themes for a changing world
As of March 30, 2024, Granite Asia has taken a different path from GGV Capital, focusing on the Asia-Pacific region and expanding its asset classes beyond venture capital.
The firm now operates as a multi-asset platform, providing both equity financing and credit products to support founders and their ideas throughout their entrepreneurial journey.
Granite Asia will invest in themes such as consumer growth and transformation, enterprise workflow and supply chain, food systems and sustainability, health innovation and wellness, and energy transition and automation.
The firm aims to invest in a new infrastructure for a world adapting to shifting geopolitics, leveraging its partners’ expertise in navigating the complex Asia-Pacific region.
Building on lessons learned to maintain relationships
Lee and Foo, who have helped build 48 unicorns during their time at GGV Capital, will draw on their experience and the input of their advisors to make plans longer time horizons.
The partners are focused on managing Granite Asia’s current portfolio companies, helping founders navigate today’s challenging macro environment, and maintaining open communication their global investors, who remain limited partners following the rebranding.
To read the original article: https://www.techinasia.com/rebranding-granite-asias-veteran-partners-dig-long-haul
