07/12/2022
Fintech
22 Years at Lightspeed — Building the Venture Capital Firm of the Future
A forward outlook as Lightspeed closes on over $7 Billion of committed capital to serve Founders around the globe
Today, Lightspeed is unveiling three Lightspeed US funds ($6.6B), a Lightspeed India early stage fund ($500M), and debuting Lightspeed Faction, an independent team dedicated to building on Lightspeed’s nine year history of backing exceptional founders in blockchain infrastructure. This brings our total committed capital across the firm to $18B. You can read more about the news here.
The new funds are representative of Lightspeed’s global vision to support exceptional entrepreneurs, in any geography, at any point in their entrepreneurial journey. And we’ve raised this $7B+ with an eye towards what it means to be building the venture firm of the future.
What do we believe the venture firm of the future looks like? Read on to learn more…
In times of uncertainty, we are acutely aware of the unexpected challenges for Founders and leaders. And if you’re stuck in old models, you can never succeed. We see proof daily that the innovation cycle is alive, and the startup ecosystem is healthy.
We’re more committed than ever to putting this new capital to work on our mission to help the world’s most extraordinary people build tomorrow’s companies, today. We’re still here after 22 years because of our Lightspeed team, our community of Founders, and our loyal LPs.
On behalf of the Global Lightspeed Team, we thank you.
About Lightspeed: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. 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. www.lsvp.com
Faction Ventures, LLC (“Faction”) and Lightspeed Management Company, L.L.C. (“Lightspeed”) are separate businesses that operate independently of each other. Faction is a registered investment adviser under the United States Investment Advisers Act of 1940, as amended. Faction advises its own fund(s) and does not advise any Lightspeed clients, and Lightspeed does not advise Faction or any of its clients. Lightspeed and Faction are parties to an agreement pursuant to which Lightspeed holds certain interests in Faction and the fund(s) Faction manages.
