Early stage investment fund, Lightspeed Venture Partners, has raised two new funds. According to the SEC filings, the first was seen around $715 million while the later was found to be $500 million. The $500 million fund will be used for later stages startups.
Ravi Mhatre (Partner and Founder at LSVP)
This is a 16 year old venture firm based in the Silicon Valley. Its last investment came in two years before when it raised $350 million and $650 million subsequently. This clearly indicates the trend of ventures investing in early stage startups and returning the profits to their institutional investors as soon as possible.
Lightspeed’s first investment was in video messaging app Snapchat, which is valued over $16 billion on this date. Company’s portfolio includes both B2B and B2C companies. In other bets, the venture has invested in ‘The Honest Company’, which is reportedly working with Goldman Sachs for an IPO this year.
Lightspeed partners have backed over 250 entrepreneurs that have pioneered and led new markets including, AppDynamics, DataStax, Fusion-io, Giphy, Grubhub, The Honest Company, MuleSoft, Nest, Nicira, Nimble Storage, Nutanix, Riverbed, Snapchat, SolarEdge, Stitch Fix, Tintri and XtremIO.
The release quoted, “Lightspeed currently manages over $4 billion of committed capital and is headquartered in Menlo Park, CA with investment Partners in Israel.”