California-based Lightspeed Venture Partners, a global venture capital firm focused on multi-stage investments in the enterprise, consumer, and health sectors, announced on Tuesday that it has raised over $7B (approximately €6.98B) across four funds. Lightspeed now brings its total committed capital under management to over $18B.
The VC firm announced the closing of Lightspeed Venture Partners’ Fund XIV at $1.98B, Lightspeed Venture Partners Select V at $2.26B, and Lightspeed Opportunity Fund II at $2.36B.
Additionally, Lightspeed also announced that Lightspeed India Partners have raised a $500M early-stage fund.
The current investment, which is nearly 60 per cent more than Lightspeed’s last flagship fund, will help the firm in expanding its early-stage vehicles and supporting its large and growing global platform.