MENLO PARK, Calif.–(BUSINESS WIRE)–Lightspeed Enterprise Companions (“Lightspeed”) in the present day introduced the closing of Lightspeed Enterprise Companions XIV-A/B, L.P. (“Fund XIV”) with $1.98 billion, Lightspeed Enterprise Companions Choose V, L.P. (“Choose Fund V”) with $2.26 billion, and Lightspeed Alternative Fund II, L.P. (“Alternative Fund II”) with $2.36 billion of dedicated capital. Individually, Lightspeed India Companions in the present day introduced the closing of a $500M early stage fund (“LSIP Fund IV”). Additionally, in the present day marks the disclosing of Lightspeed Faction, an unbiased workforce devoted to constructing on Lightspeed’s 9 yr historical past of backing distinctive founders in blockchain infrastructure.
Lightspeed’s world and multi-stage technique helps distinctive entrepreneurs throughout sectors, in any geography, and at any level of their entrepreneurial journey throughout twelve world workplaces and in six international locations. Since Lightspeed’s founding, the agency has partnered with greater than 500 Enterprise, Client, Well being and Fintech founders and their corporations. Roughly a fourth of these corporations have both been acquired or gone public, with 33 IPOs through the years.
In the present day’s funding, roughly 60% greater than Lightspeed’s final flagship fundraise, focuses on increasing the agency’s early stage automobiles and supporting its massive and rising world platform.
Lightspeed Enterprise Companions XIV-A/B, L.P.
Lightspeed Enterprise Companions XIV-A/B, L.P. ($1.98B), is designed to assist founders of their earliest levels of firm improvement within the agency’s long-standing Enterprise, Client, Well being and Fintech practices. Investing on the earliest levels of innovation, from incubation to Seed to Collection B, drives the best way Lightspeed basically works with and helps corporations in any respect levels.
Lightspeed has been often known as a pioneer in early-stage Enterprise investing for the previous 20+ years and in the present day continues to have one of many largest groups in Enterprise, investing on the forefront of infrastructure, cloud, safety, AI, SaaS and the way forward for work. Whereas the agency constructed its early popularity on its Enterprise observe, it’s constructing its legacy on extending that success to its burgeoning Client, Healthcare and Fintech practices. Lightspeed believes that distinctive client corporations will proceed to emerge from more and more numerous geographies and numerous founders. With Europe changing into one of the crucial thrilling startup markets on this planet, the workforce welcomed Paul Murphy in 2021 to assist lead Lightspeed’s European workplace within the UK as a Accomplice. Over 30% of Lightspeed’s client investments are in female-founded corporations and 2021 was its most geographically numerous in its historical past. With over $1.2 billion in distributions, Lightspeed’s Healthcare observe has been targeted on enhancing affected person lives during the last ten years, initially recognizing the worth of well being information with the daybreak of the genomic period by investing in diagnostic and cutting-edge platform applied sciences, shortly adopted by an enlargement into biotherapeutics. In the present day, virtually each enterprise is now a fintech enterprise, which is why Lightspeed has invested over $1.5B in near 100 world Fintech corporations together with $600M particularly in blockchain and rising use instances. Stripe and Yelp veteran Justin Overdorff joined as a Accomplice in 2021 to assist lead Lightspeed’s Fintech observe and plant the Lightspeed flag in New York Metropolis, the place he’s primarily based.
“We consider in investing on the earliest levels of innovation, partnering with generational entrepreneurs who’ve readability of imaginative and prescient, an insatiable need to construct one thing enduring, and the conviction and braveness to compete and win towards all odds,” mentioned Arif Janmohamed, Accomplice, Lightspeed. “We like to companion with and even incubate corporations round core dislocations within the enterprise panorama and to construct relationships with potential entrepreneurs years earlier than they’re prepared to start out constructing.”
“We delight ourselves on being the primary institutional capital behind our founders and having the endurance, persistence and capital to assist construct corporations from one worker to 1000’s, from day one to IPO,” mentioned Nicole Quinn, Accomplice, Lightspeed. “We’ve got our finger on the cultural pulse and go the place the entrepreneur is – we meet the founders and innovators the place they’re making their mark.”
Lightspeed Enterprise Companions Choose V, L.P.
As corporations start to inflect and scale, they want a companion who can develop with them and assist their scaling ambitions to be a class defining firm. Lightspeed Enterprise Companions Choose V, L.P. ($2.26B), accelerates current Lightspeed portfolio corporations and new investments throughout our world platform led by the Lightspeed Progress Workforce. Choose V cements Lightspeed’s capacity to again distinctive founders and outperforming corporations and will increase Lightspeed’s publicity to corporations as they scale and enter the expansion part. Up to now six years, Lightspeed has invested $2.2 Billion in early progress corporations. And previously two years alone, Lightspeed celebrated the IPOs and acquisitions of Affirm, Mix, Intelligent, Seize, Hillevax, The Sincere Firm, Outbrain, Pensando, TeneoBio, and TeneoTwo, and generated greater than $2.7 billion in liquidity for his or her restricted companions.
“Lightspeed’s mission stays the identical in the present day because it was at our founding 20+ years in the past–to spend money on founders and innovators constructing enduring corporations internationally,” mentioned Will Kohler, Accomplice, Lightspeed. “We consider in investing in corporations at scale, and like the businesses we spend money on, now we have to proceed to innovate and evolve as a agency with a view to be the very best companions we might be, and higher serve our founders and the businesses they’ve created as they develop. These particular corporations are staying non-public longer and no matter the place on this planet the journey begins, the founders’ ambitions are more and more world in nature to satisfy rising demand.”
“We consider innovation is a continuum and requires a full stack platform to assist distinctive founders at any stage, in any sector and in any geography all through their journey…particularly in markets like these,” mentioned Michael Romano, Chief Enterprise Officer, Lightspeed. “We’ve witnessed enterprise capital radically remodel society and economies, and be itself reworked by world occasions – the crash of 2000, the worldwide monetary disaster of 2009, and in the present day’s unstable market. It’s why we deliberately architected a reinvestment workforce three years in the past to organize for a market correction.”
Lightspeed Alternative Fund II, L.P., & International Workforce of Funding Professionals and Advisors
Lightspeed has lengthy held that innovation and entrepreneurship transcend continents. 2021 introduced a continued proliferation of worldwide entrepreneurial expertise. From Europe to Latin America, Southeast Asia and numerous international locations in between, Lightspeed sourced and accomplished extra world offers in 2021 than at another time within the agency’s twenty-year historical past throughout their funds. Lightspeed’s world footprint and unified strategy throughout world groups has been important to supporting essentially the most distinctive Founders.
The Lightspeed Alternative Fund II, L.P. ($2.36B), is a platform to again breakout corporations from throughout the entire world territories the place Lightspeed operates. It’s extra evident than ever that entrepreneurship is world, and for over a decade, Lightspeed has labored with among the most skilled companions in China, India, Israel, Europe and Southeast Asia.
The closing of Lightspeed India IV at its $500M hard-cap displays the agency’s deepening dedication to the India and South East Asia area, since our first India funding in 2007. Alongside India IV, which is a devoted early-stage fund automobile, Lightspeed invests in growth-stage corporations within the India and South East Asia area from its Choose and Alternative fund automobiles. Over the previous 5 years, the agency’s presence has expanded to twenty-eight professionals throughout 4 places (Bengaluru, Delhi, Mumbai and Singapore), representing one of many largest enterprise advisory groups within the area.
Lightspeed has been a companion to quite a lot of class leaders in India together with Indian Vitality Change, Oyo, Byju’s, Seize, Acko, Razorpay, Udaan, Sharechat and Innovaccer and we proceed to witness the broadening and deepening of the chance within the area, led by world-class founders and an ever-expanding scope for know-how to reshape the economic system in India and Southeast Asia.
Since closing US $920 million of recent funds in November 2021, Lightspeed China Companions has been actively investing in sectors together with inexperienced tech, deep tech, SaaS and client tech. Lightspeed China Companions has made new investments in practically 20 start-ups, from ePropulsion, the world’s second-largest maker of electrical boat propulsion techniques, to Agilines, a number one cloud native manufacturing design and collaboration platform. Lightspeed China Companions additionally celebrated two IPOs on the NYSE and Shanghai’s STAR Market in 2021–Full Truck Alliance (NYSE:YMM) and QingCloud Expertise (SH:688316) respectively–and two portfolio corporations have filed to go public this yr.
As the way forward for enterprise continues to be an more and more world one, Lightspeed is positioned to spend money on, and serve, distinctive founders at any stage and in any geography by actively leveraging our world footprint of traders and community of relationships. In step with this technique, we’re excited to welcome Bejul Somaia to Lightspeed’s management workforce, the place he’ll contribute to the agency’s technique and world operations along with his current roles advising on investments in India, Southeast Asia and Europe. Bejul joined Lightspeed in 2008 and brings deep expertise backing entrepreneurs and serving to to construct Lightspeed in India and Southeast Asia, the place he’ll proceed advising on investments and supporting the areas’ finest and brightest Founders.
“Within the early 2000s, Lightspeed began constructing a world footprint given our conviction that the way forward for know-how and entrepreneurship could be world. In the present day, Lightspeed has 70 traders situated throughout twelve cities globally,” mentioned Bejul Somaia, Accomplice, Lightspeed. “By deliberately developing cross-border deal groups, we’re capable of provide founders native market information and relationships, along with deep sector area information. In doing so, we’re all uncovered to, and are studying from, the innovation that’s taking place internationally with a view to higher serve our founders.”
Lightspeed Faction (“Faction”)
We’re proud to announce the fruits of 9 years of investing behind among the largest blockchain corporations with the debut of Faction, a brand new, unbiased crypto native workforce to drive transformation within the blockchain ecosystem. Faction (https://www.faction.vc/) is an skilled group of blockchain veterans that collaborates with the Lightspeed world platform to satisfy distinctive founders wherever they reside. The senior Faction workforce is run by Sam Harrison and Banafsheh Fathieh and anchored by a rising workforce of crypto native traders.
Faction believes the innovation economic system is on the precipice of a major computing paradigm shift with blockchain corporations main rising use instances that may redefine each underlying IT infrastructure and the industries they serve. From Fintech, to Client, Enterprise and even Healthcare, the workforce is seeing the way during which blockchain corporations might basically change how companies are organized, how distributed computing techniques are organized, and the way complete economies and platforms function. Blockchain is altering how community individuals are incentivized, how startups inside this ecosystem are funded and the way communities can coalesce their shared energy to create change.
“Blockchains have enabled new use instances that we consider will supplant notable legacy techniques. Faction’s joint-venture with Lightspeed pairs a crypto-native workforce with the company-scaling expertise of the Lightspeed platform.” – Sam Harrison, Managing Accomplice, and Banafsheh Fathieh, Common Accomplice, Lightspeed Faction.
“Lightspeed has been selectively investing in crypto since March 2013, and we consider that cryptocurrency can have a constructive affect on a inhabitants of people who find themselves underbanked or unbanked not solely within the U.S. however globally,” mentioned Ravi Mhatre, Accomplice, Lightspeed. “We consider the trade remains to be early within the transition from web2 to web3, and the collaboration between Lightspeed and Faction is a testomony to our shared perception within the ways in which cryptocurrency might assist to develop an internet that higher serves underserved folks all over the world.”
Taken collectively, this capital framework will place Lightspeed and its companions to proceed to serve founding groups, applied sciences and traits which are accelerating the innovation economic system. Lightspeed stays extra dedicated than ever to the mission of serving the world’s most extraordinary folks constructing tomorrow’s corporations, in the present day.
Lightspeed Enterprise Companions is a multi-stage enterprise capital agency targeted on accelerating disruptive improvements and traits within the Enterprise, Client, Well being, and Fintech sectors. Over the previous twenty years, the Lightspeed workforce has backed a whole lot of entrepreneurs and helped construct greater than 500 corporations globally together with Affirm, Carta, Cato Networks, Epic Video games, Faire, Forty Seven, FTX, Guardant Well being, Mulesoft, Netskope, Nutanix, Rubrik, Sharechat, Snap, TripActions, Udaan, Ultima Genomics and extra. Lightspeed and its world workforce at present handle $18B throughout the Lightspeed platform, with funding professionals and advisors within the U.S., China, Europe, India, Israel, and Southeast Asia. www.lsvp.com