Lead Edge Capital, a technology focused growth stage investment firm, closed Lead Edge Capital V, LP, at $950m.
The fund – whose close brought the firm’s total capital raised since inception to over $3 billion – received support from over 500 existing and new limited partners.
Founded in 2009, Lead Edge Capital invests in growth-stage software, internet, consumer, and tech-enabled service businesses globally.
The firm will target making equity investments of between $20m and $150m per portfolio company from Fund V.
In the past twelve months, the firm has made several new investments, including: Azul Systems, Bumble, Copado, Essential Accessibility, Grafana Labs, Guild Education, Hinge Health, Knock, Talkdesk and Workhuman. Additionally, during this year, multiple LEC portfolio companies will achieve liquidity events, including Asana (Direct Listing on NYSE), Signal Sciences ($775M acquisition by Fastly) and ANT Group (anticipated IPO).
The firm is based in NYC and Santa Barbara, CA.