Lightspeed Venture Partners

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Lightspeed Venture Partners
Founded2000
FounderChris Schaepe
Barry Eggers
Ravi Mhatre
Peter Nieh
HeadquartersMenlo Park, California, United States
Total assetsOver $10 billion
Websitewww.lsvp.com

Lightspeed Venture Partners is a global venture capital firm focusing on multi-stage investments in the enterprise technology, consumer, and health sectors.[1] Over the past two decades, the firm has backed more than 400 companies, including Snapchat, Affirm, MuleSoft, and AppDynamics.

The company invests in the U.S. and abroad, with investment professionals and advisors in Silicon Valley, Israel, India, China, Europe, and Southeast Asia.

History[edit]

The firm was founded in October 2000 by Barry Eggers, Ravi Mhatre, Peter Nieh, and Chris Schaepe. All four were formerly a part of the investment firm Weiss, Peck & Greer and left to start Lightspeed following the sale of the investment management business to Robeco.

In 2014, Lightspeed closed Lightspeed X, a $1 billion fund focused on the Enterprise, Consumer and Cleantech markets. As of 2012 the firm had over $3 billion in committed capital.[2]

In March 2016, the company raised two new funds totaling in $1.2 billion.[3]

Snapchat raised $485,000 in its seed round and an undisclosed amount of bridge funding from Lightspeed Ventures in 2012.[4] Beyond the two Snap founders, the two biggest shareholders for the planned early 2017 Snap IPO were Benchmark and Lightspeed Venture Partners, both prior Snap investors and venture-capital firms from Silicon Valley. They held a combined stake of about 20%.[5]

In April 2020, Lightspeed Venture Partners raised $4.2 billion across three funds: $890 million for its latest early-stage venture fund, a $1.83 billion growth fund for later-stage investments, and a $1.5 billion opportunity fund for doubling down on winners in its international portfolio.[6]

In September 2020, Lightspeed Venture Partners launched its Southeast Asia operations with a new regional headquarters in Singapore.[7]

Significant investments[edit]

Lightspeed Scout Program[edit]

The Lightspeed Scout Program brings together exceptional entrepreneurs, future investors, and operators, to advance their skills and track record as early-stage investors. Lightspeed supports Scouts with capital, programming, and community. Scouts work with Lightspeed Partners and their fellow Scouts to invest in aspiring entrepreneurs in their network and build their personal investment strategy. The 2020 Lightspeed Scout Program brought together people from black, Latino, indigenous, and Pacific Islander communities to receive support and capital as they join the venture industry. The firm's aspiration is that the Scout Program’s renewed focus and commitment to representation will inspire the future leaders of venture.

References[edit]

  1. ^ a b "Crunchbase". Retrieved 2013-02-25. CS1 maint: discouraged parameter (link)
  2. ^ "Business Insider: How to Remain King of the World amidst Titanic Disruptions". Retrieved 2013-02-25. CS1 maint: discouraged parameter (link)
  3. ^ Loizos, Connie. "Lightspeed Venture Partners Raises $1.2 Billion". TechCrunch. Retrieved 2016-04-05.
  4. ^ Gallagher, Billy (October 29, 2012). "You Know What's Cool? A Billion Snapchats: App Sees Over 20 Million Photos Shared Per Day, Releases On Android". TechCrunch. Retrieved December 22, 2012. CS1 maint: discouraged parameter (link)
  5. ^ Winkler, Rolfe (February 3, 2017), Snap IPO Will Mint Fortunes for Founders, Two Big Investors, New York City: Wall Street Journal, retrieved January 4, 2017 CS1 maint: discouraged parameter (link)
  6. ^ Konrad, Alex. "VC Firm Lightspeed Raises $4 Billion In Startup Landscape Shaken By COVID-19". Forbes. Retrieved 2020-04-30.
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  8. ^ *"Aqua Security raises $25 mln, brings total to date to $38.5 mln". Reuters. September 19, 2017.
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External links[edit]