Notable Capital

About

Notable Capital is a U.S.-focused venture capital firm that emerged on March 29, 2024, when GGV Capital split into two successor entities: Notable Capital (U.S.) and Granite Asia (Asia) ¹². The firm is headquartered in San Francisco with offices in New York ³.

GGV Capital was originally founded in 2000 as Granite Global Ventures in Silicon Valley and Singapore, with an initial focus on cross-border venture investments bridging the United States and Asia ⁴⁵. The split was driven by growing geopolitical tensions between the U.S. and China, though the firm never explicitly cited this as the reason ¹.

Notable Capital retained approximately $4.2 billion in assets under management from GGV Capital’s total of approximately $9.2 billion at the time of the split ¹⁶. Granite Asia, led by Jenny Lee and Jixun Foo from Singapore, manages approximately $5 billion ¹. On its website, Notable Capital states it has “$5 billion assets under management” and has “partnered with ambitious founders for over two decades” ³.

The firm’s investment team includes Managing Partners Hans Tung, Jeff Richards, and Glenn Solomon, along with Partners Oren Yunger, Dan Cahana, and Eliya Elon, among others ⁷. The investment team has collaborated for an average of fifteen years ³. Jeff Richards explained the reasoning behind the new name: “We named the firm after the founders that we back, the ideas they pursue, and the causes that we work for” ³.

Under the GGV banner, the firm backed more than 400 companies over two decades ⁶. In January 2021, GGV Capital raised $2.52 billion across new funds for “entrepreneurs around the world” ⁶. As Notable Capital, the firm continues to invest in the U.S., Israel, Europe, and Latin America ¹.

Stated Thesis

Notable Capital describes itself as a multi-stage venture firm that backs “founders from the earliest stages of their idea to exit” ³. The firm focuses on enterprise/cloud infrastructure and consumer applications ⁸.

Hans Tung has articulated a philosophy centered on globalization and consumer-facing mobile internet companies, believing in the intersection of AI and fintech ⁸. He has compared the current AI landscape to the early internet days ⁸. Tung has been named to the Forbes Midas list for nine consecutive years ⁸.

Glenn Solomon focuses on enterprise/cloud and infrastructure investments and joined GGV Capital in 2006 ⁹. Jeff Richards concentrates on investments across North America, Latin America, Europe, and Israel, as well as cross-border U.S.-India deals ⁹.

The firm invests across seed through growth stages, with initial investments historically ranging from $5 million to $25 million per deal ⁵.

Inferred Thesis

Based on Notable Capital’s (and its predecessor GGV Capital’s) portfolio, the firm’s actual investment behavior reveals a multi-stage investor with significant consumer and enterprise breadth.

Stage distribution: The firm invests across all stages, with approximately 40% of activity in pre-seed and seed, 30% in Series A, and 30% in Series B and later ¹⁰. This is genuinely multi-stage, unlike many firms that claim multi-stage but cluster at one end.

Sector patterns: Based on the portfolio companies identified, the firm has significant exposure to consumer marketplaces (Airbnb, StockX, Poshmark, DraftKings), enterprise/developer tools (Slack, Zendesk, HashiCorp, Vercel), fintech (Affirm, Coinbase, Stori), and cybersecurity (Orca Security, Drata) ³⁶.

Geographic patterns: While GGV Capital historically invested across the U.S. and Asia, Notable Capital focuses exclusively on the U.S., Israel, Europe, and Latin America ¹. The firm has had notable success with cross-border companies that expand globally.

IPO and exit track record: The firm has seen 45 unicorns, 39 IPOs, and 94 acquisitions across the GGV/Notable platform ¹⁰. Recent exits include HashiCorp (acquired by IBM, February 2025) ¹⁰. This is a strong exit track record indicating the firm can pick companies that reach scale.

Co-investor patterns: Given the firm’s multi-stage approach, Notable Capital frequently co-invests with top-tier firms at different stages — from seed specialists through growth investors.

Notable bets: Investments in Anthropic and ByteDance (via GGV) represent two of the most valuable private AI companies globally, demonstrating early recognition of the AI wave ⁸.

Portfolio

This table represents a subset of over 400 companies backed under the GGV/Notable Capital platform ⁶. Stages and years are approximate based on available sources.

In Their Own Words

“We named the firm after the founders that we back, the ideas they pursue, and the causes that we work for.” — Jeff Richards, Managing Partner, on the Notable Capital rebrand, 2024 ³.

Hans Tung has stated that he believes in the power of globalization, especially for consumer-facing mobile internet companies, making it a cornerstone of his investment thesis ⁸.

Glenn Solomon has articulated a perspective that investing in enterprise/cloud and infrastructure represents a “trillions ahead” opportunity in the software industry ⁹.

What Founders Say

Torq co-founder and CEO Ofer Smadari has shared the story of how Notable Capital backed his founding team as they went from a previous exit to building an ambitious cybersecurity platform ³.

No additional independently sourced founder testimonials were found during this research pass. The firm’s website features founder stories but full testimonial quotes were not accessible.

Sources