Lightspeed Venture Partners has successfully closed more than $9 billion of new hard capital commitments across six funds, including flagship funds such as Lightspeed Venture Partners Fund XV-A ($980M), Fund XV-B ($1.2B), Select VI ($1.8B), and Opportunity Fund III ($3.3B), as well as the Lightspeed Co-Investment Fund I ($600M) and single-investor funds of $1.25 billion, with its strongest and most strategic fund raise in Lightspeed’s history to invest in the next generation of category-defining technology companies globally. This fund raise not only speaks to the customized fund structure at Lightspeed but reflects how deeply vested the shop has always been in technology and AI investing since venturing into the AI space in 2012 and investing in 165 AI-native companies with more than $5.5B of capital, primarily at early stages such as Seed through B rounds.
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Their portfolio companies have enjoyed tremendous success on the public markets with companies like Rubrik, Netskope, and Navan, where Lightspeed was the single largest institutional shareholder at each of their IPOs, indicative of Lightspeed’s ability to work with innovators from inception all the way through to meaningful scale. “AI is the biggest technological change-over in a generation, and Lightspeed has a nine-year head start on the investment thesis, leading growth financings for many of the world’s most impactful companies in the industry,” stated Ravi “R Two” Mhatre, Founder and Partner at Lightspeed, touting the ability of AI to unlock brand new markets and effect fundamental changes across industries in the years to come. “This is the strongest and most strategic fund raise in Lightspeed’s history,” added Bejul Somaia, Partner and Leader at Lightspeed, remarking on the team’s “first principles” approach and strategic alignment to invest in the intelligence economy and work with innovators to build tomorrow’s transformative technologies as a global investment strategy with institutional-level limited partners prepared to bet on scaling innovation globally.