Victor Zhu
Associate
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- Full Name
- Victor Zhu
- Title
- Vice President, GGV Capital (listed as "Head of Web3" in one 2024 deal announcement; the source stub's "Associate" appears to predate a promotion)
- Firm
- GGV Capital (China / Shanghai practice; the firm split in March 2024 into Granite Asia in Asia and Notable Capital in the U.S.)
- Firm Type
- Venture capital firm — Victor also invests personally as an angel
- Investment Stage
- Early / seed stage
- Sector Focus
- Web3, crypto/blockchain gaming, consumer internet
- Geographic Focus
- China / Asia and global Web3
- Location
- Shanghai, China
Background
Victor Zhu is an investment professional at GGV Capital, most publicly associated with the firm's Shanghai office (his direct line, 86-21-6161-1720, is a Shanghai number, and his email uses GGV's legacy ggvc.com domain). Aggregator profiles (Crunchbase, Bloomberg) list him as a Vice President at GGV Capital, and he is reported to have studied at Zhejiang University, one of China's top-tier universities and a well-known feeder into the country's technology and venture ecosystem.
Within GGV he has focused on the Web3 and crypto space: in the May 2024 seed round for BAC Games, he was described in the deal coverage as "Head of Web3 at GGV," participating as an individual/angel investor alongside a roster of crypto-native funds and operators. This matches the "angel investor / seed round" framing in the source stub — Victor appears to write personal early-stage checks into Web3 gaming and consumer projects in addition to his GGV role.
It is worth noting the broader context around his firm. On March 29, 2024, GGV Capital formally separated into two independent firms: Granite Asia (the Asia partnership, led by Jenny Lee and Jixun Foo, headquartered in Singapore) and Notable Capital (the U.S. partnership, led by Hans Tung and Glenn Solomon). Because Victor is Shanghai/Asia-based, his GGV activity sits on the side of the business that became Granite Asia, though he continues to be referenced under the GGV Capital name in most deal records.
Investment Thesis & Focus
- Stage: Seed and early-stage rounds — the one publicly documented deal is a $1.5M seed round.
- Sectors: Web3 / crypto, blockchain gaming, and consumer-facing digital products. He is explicitly tied to GGV's Web3 effort.
- Style: Invests both through GGV and as a named individual/angel investor, appearing on cap tables next to crypto-native funds (Hash Global, Gate Labs, Matr1x) and prominent Web3 operators (e.g., partners at Delphi).
- What makes him say yes (inferred from the BAC Games deal): Web3-native consumer/gaming products with a clear distribution wedge — BAC Games launched as "the first Web3 game platform on Blast," pairing a lightweight, mass-market HTML5 game with a crypto-native chain and community.
- *No publicly stated personal thesis or check-size range could be verified; treat sector/stage above as evidence-based, not self-declared.*
Notable Investments
- BAC Games — Web3 gaming platform building on Blast; its first title, "Blast Auto Club (BAC)," is a casual HTML5 club-racing game. Raised a $1.5M seed round on May 10, 2024, with Victor participating as an individual investor (billed as GGV's Head of Web3) alongside Hash Global, Matr1x, Gate Labs, Stratified Capital, W Labs, and Nothing Research.
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