GGV Discovery III, L.P.

GGV Capital and Granite Asia) · adviser of record: GGV Capital LLC · 2020 vintage

GGV Discovery III, L.P. is a 2020 venture fund managed by GGV Capital and Granite Asia), with $2.5bn raised (Form D, amount sold). It reported $497mm in gross assets at year-end 2024, 0.20x its size, against a peak of $497mm in 2023.

Latest value held

$497mm year-end 2024

Peak

$497mm year-end 2023

Fund size

$2.5bn Form D, amount sold

Held vs. size

0.20x peak 0.20x

Value held by year-end

Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker

What public pensions report

Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.

Other funds from GGV Capital and Granite Asia)

• GGV Discovery IV-Asia, L.P. 2023
• GGV Discovery IV Sail-Asia, L.P. 2023
• GGV Discovery IV Kohl-Asia, L.P. 2023
• GGV Capital VIII L.P. 2020
• GGV Capital VIII Plus L.P. 2020
• GGV Capital VII L.P. 2018
• GGV Discovery II, L.P. 2018
• GGV Capital VII Plus L.P. 2018
• GGV Capital VI L.P. 2016
• GGV Capital VI Plus L.P. 2016
• GGV Discovery I, L.P. 2016
• GGV Capital Select L.P. 2015

All GGV Capital and Granite Asia) funds

About these numbers

Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-1194037239. Data updated October 13, 2026.