MENLO PARK — Lightspeed Venture Partners announced the closing of three new funds: Lightspeed Venture Partners XIV-A/B, L.P. (“Fund XIV”) with $1.98 billion, Lightspeed Venture Partners Select V, L.P. (“Select Fund V”) with $2.26 billion, and Lightspeed Opportunity Fund II, L.P. (“Opportunity Fund II”) with $2.36 billion of committed capital. Separately, Lightspeed India Partners announced the closing of a $500M early stage fund (“LSIP Fund IV”).
Also, the firm has unveiled Lightspeed Faction, an independent team dedicated to building on Lightspeed’s nine year history of backing exceptional founders in blockchain infrastructure.
Lightspeed’s global and multi-stage strategy supports exceptional 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.
The new funding, approximately 60% more than Lightspeed’s last flagship fundraise, focuses on expanding the firm’s early stage vehicles and supporting its large and growing global platform.
“We believe in investing at the earliest stages of innovation, partnering with generational entrepreneurs who have clarity of vision, an insatiable desire to build something enduring, and the conviction and courage to compete and win against all odds,” said Arif Janmohamed, Partner, Lightspeed. “We love to partner with and even incubate companies around core dislocations in the enterprise landscape and to build relationships with prospective entrepreneurs years before they are ready to start building.”
“We pride ourselves on being the first institutional capital behind our founders and having the patience, persistence and capital to help build companies from one employee to thousands, from day one to IPO,” said Nicole Quinn, Partner, Lightspeed. “We have our finger on the cultural pulse and go where the entrepreneur is – we meet the founders and innovators where they are making their mark.”
Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Carta, Cato Networks, Epic Games, Faire, Forty Seven, FTX, Guardant Health, Mulesoft, Netskope, Nutanix, Rubrik, Sharechat, Snap, TripActions, Udaan, Ultima Genomics and more. Lightspeed and its global team currently manage $18B across the Lightspeed platform, with investment professionals and advisors in the U.S., China, Europe, India, Israel, and Southeast Asia.
