Lead Edge Capital, a Montecito, CA- and NYC-based technology-focused growth stage investment fund, closes Fund VI, at USD1.95 billion.
The new fund received commitments from Lead Edge’s expansive network of over 500 limited partners and institutions. The addition of Fund VI brings the firm’s total capital raised since inception to $5 billion.
Led by Mitchell Green, Founder and Managing Partner, LEC invests in growth-stage software, internet, consumer, and tech-enabled service businesses globally. The firm will target making equity investments of between $15 million and $200 million per portfolio company from Fund VI and continue its focus on investing primarily in private companies, with a flexible mandate that also enables public company investments.
The firm has invested in companies such as Toast, Alibaba Group, Delivery Hero, Duo Security, Grafana, Spotify, Benchling, Wise. It has also participated in rounds including Workiz, LaunchDarkly, ID.me, Material Bank, Hinge Health, Copado, SafeSend, Yousign, and more.
Since its founding in 2009, Lead Edge has had over 50 exits, with recent liquidity events including FIGS (IPO), Asana (Direct Listing), Bumble (IPO), and Signal Sciences (Acq. by Fastly).