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Lightspeed Venture Partners Launches New Funds Totaling More Than $7B
The venture capital firm also announced Lightspeed Faction, an independent team focused on early-stage blockchain infrastructure projects.
By Brandy Betz
Updated May 11, 2023, 5:36 p.m. Published Jul 12, 2022, 2:18 p.m.
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Venture capital firm Lightspeed Venture Partners has unveiled three U.S. funds totaling $6.6 billion and a $500 million India early-stage fund, bringing total committed capital across the company to $18 billion.
The firm also announced Lightspeed Faction, an independent team focused on backing early-stage blockchain infrastructure projects.
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“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,” wrote the company in a Medium post.
Founded in 2000, Lightspeed Venture Partners primarily invests in the enterprise and consumer sectors. Past crypto investments included Blockchain.com and FTX. Lightspeed has a global presence with offices in Silicon Valley, Israel, India, China, Southeast Asia and Europe.
Read More: Crypto Exchange Blockchain.com Hits $14B Valuation in Lightspeed-Led Funding Round
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