Lightspeed Venture Partners, an early stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors, raised $120m for a special purpose vehicle.
According to a filing with the SEC, Lightspeed SPV I-B received commitments from eight LPs.
The document lists Barry Eggers, Jeremy Liew, Ravi Mhatre, Peter Y. Nieh and Christopher Schaepe as people related to the offering.
Over the past two decades, the firm has backed hundreds of entrepreneurs to build more than 300 companies globally, including Snap, The Honest Company, GrubHub, Nest, Nutanix, AppDynamics, and MuleSoft, among many others.
Lightspeed currently manages over $6 billion of committed capital and invests in the U.S. and internationally, with investment professionals and advisors in Silicon Valley, Israel, India and China.