Menlo Park, CA-based venture capital firm Lightspeed Venture Partners closed four funds, totaling over $7 billion.
The funds are:
- Lightspeed Venture Partners XIV-A/B, L.P. (“Fund XIV”) with $1.98 billion. Lightspeed Venture Partners XIV-A/B, L.P. ($1.98B), is designed to support founders in their earliest stages of company development in the firm’s long-standing Enterprise, Consumer, Health and Fintech practices. Investing at the earliest stages of innovation, from incubation to Seed to Series B, drives the way Lightspeed fundamentally works with and supports companies at all stages.
- Lightspeed Venture Partners Select V, L.P. (“Select Fund V”) with $2.26 billion. Lightspeed Venture Partners Select V, L.P. ($2.26B), accelerates existing Lightspeed portfolio companies and new investments across our global platform led by the Lightspeed Growth Team.
- Lightspeed Opportunity Fund II, L.P. (“Opportunity Fund II”) with $2.36 billion of committed capital, a platform to back breakout companies from across all of the global territories where Lightspeed operates.
Separately, Lightspeed India Partners closed a $500M early stage fund (“LSIP Fund IV”). Alongside India IV, which is a dedicated early-stage fund vehicle, Lightspeed invests in growth-stage companies in the India and South East Asia region from its Select and Opportunity fund vehicles. Over the past 5 years, the firm’s presence has expanded to 28 professionals across four locations (Bengaluru, Delhi, Mumbai and Singapore), representing one of the largest venture advisory teams in the region. Lightspeed has been a partner to a number of category leaders in India including Indian Energy Exchange, Oyo, Byju’s, Grab, Acko, Razorpay, Udaan, Sharechat and Innovaccer.
The firm also launched Lightspeed Faction, an independent team dedicated to building on Lightspeed’s nine year history of backing founders in blockchain infrastructure. Faction is an experienced group of blockchain veterans that collaborates with the Lightspeed global platform to meet exceptional founders wherever they reside. The senior Faction team is run by Sam Harrison and Banafsheh Fathieh and anchored by a growing team of crypto native investors.
Lightspeed’s global and multi-stage strategy supports entrepreneurs across sectors, in any geography, and at any point in their entrepreneurial journey across twelve global offices and in six countries. Since Lightspeed’s founding, the firm has partnered with more than 500 Enterprise, Consumer, Health and Fintech founders and their companies. Roughly a fourth of those companies have either been acquired or gone public, with 33 IPOs over the years.
FinSMEs
13/07/2022