Lightspeed Venture Partners announced the closings of Lightspeed Venture Partners XIII, L.P. with $890 million, Lightspeed Venture Partners Select IV, L.P. with $1.83 billion, and Lightspeed Opportunity Fund, L.P. with $1.5 billion of limited partner committed capital.
According to the press release, the California-based venture capital firm said, “In these difficult times, as the world fights a pandemic, Lightspeed remains focused on this mission; to serve the world’s most extraordinary people building tomorrow’s companies, today. Not just in good times, but in all times. This pandemic has transformed both the personal and professional lives of employees, founders, and investors and will continue to present challenges in the coming months.”
“It takes courage to start a company, and it requires leadership to see it grow and adapt as market forces test both the resiliency and sustainability of businesses in good days and bad. A scalable capital framework enables Lightspeed to support founders on a global scale when they have the courage, passion and earned insight to take on that risk. Lightspeed’s global and multi-stage strategy supports exceptional entrepreneurs, in any geography, and at any point in their entrepreneurial journey,” it added.
Lightspeed has historically been an early-stage investment firm and was the first outside investor in Snap’s messaging app Snapchat.
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors.
The Lightspeed team has backed hundreds of entrepreneurs and helped build more than 350 companies globally, including Snap, Nest, Nutanix, AppDynamics, MuleSoft, OYO, Guardant, StitchFix, and GrubHub. Lightspeed currently manages $7.9B across the global Lightspeed platform, with investment professionals and advisors in Silicon Valley, Israel, India, and China.
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