Lightspeed Venture partners closes $800 million fund viii Lightspeed VIII to emphasize investments in multi-stage companies in China and India and early-stage rechnology investments in Israel and the U.S.
Shanghai, China - (BUSINESS WIRE) - Lightspeed Venture Partners, a leading global venture capital firm, announced today the closing of Lightspeed Venture Partners VIII, L.P. capitalized with $800 million of limited partner commitments, above the firm's target of $675 million. This closing brings Lightspeed's base of committed capital to over $2 billion.
"We are pleased by the strong response from our limited partners," said Barry Eggers, managing director. "The new fund will leverage our investment platform to support the creation of industry-leading companies in the U.S. and in other regions where innovation and economic growth are creating compelling market opportunities."
Lightspeed has a global investment platform. In the U.S. and Israel, Lightspeed will continue to focus on seed and early-stage companies primarily in information technology and cleantech markets. Information technology areas of interest include Internet, software, enterprise infrastructure, communications, mobile technologies and semiconductors.
Cleantech areas of focus include energy generation, efficiency and storage. In China and India, Lightspeed is pursuing a balanced investment program encompassing early-stage technology companies as well as growth-stage companies in a range of product and service businesses.
"Lightspeed investment professionals have been investing internationally for over 10 years, and we expect to continue to deploy significant capital in China given the large number of high quality start-ups and growth companies here," observed Ron Cao, a managing director at Lightspeed.
The firm has an active seed program and a strong track record of working with both repeat entrepreneurs and first time CEOs to create successful companies in a variety of industry sectors.
Lightspeed has been active in China since 2004, and opened its representative office in Shanghai in 2006. The firm has a growing portfolio of companies which includes 99Bill, AMEC, Gmedia, Kaiyuan Machinery, Lucky Pai, MSP/Drilex, SureAuto and Teralane. Lightspeed's investment professionals are actively seeking new investment opportunities in both early and expansion stage companies across a variety of both technology and traditional business sectors.
About Lightspeed Venture Partners
Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed is headquartered in the Silicon Valley and maintains affiliated offices in China, India, and Israel.
Over the past two decades, the Lightspeed team has backed more than 150 companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Calista, Ciena, DoubleClick, eHealth Insurance, Galileo Technology, Growth Networks, Informatica, Kiva Software, LightLogic, Maker Communications, Metasolv, Phone.com, Quantum Effect Devices,
Riverbed, Sirocco, Virsa Systems and Waveset.
For more information, visit the Lightspeed website: www.lightspeedvp.com.
Fortune China Public Relations
Gracie Luo, (8610) 6310 0088 ext. 817
gracie.luo@fortunechina.com.cn
Shanghai, China - (BUSINESS WIRE) - Lightspeed Venture Partners, a leading global venture capital firm, announced today the closing of Lightspeed Venture Partners VIII, L.P. capitalized with $800 million of limited partner commitments, above the firm's target of $675 million. This closing brings Lightspeed's base of committed capital to over $2 billion.
"We are pleased by the strong response from our limited partners," said Barry Eggers, managing director. "The new fund will leverage our investment platform to support the creation of industry-leading companies in the U.S. and in other regions where innovation and economic growth are creating compelling market opportunities."
Lightspeed has a global investment platform. In the U.S. and Israel, Lightspeed will continue to focus on seed and early-stage companies primarily in information technology and cleantech markets. Information technology areas of interest include Internet, software, enterprise infrastructure, communications, mobile technologies and semiconductors.
Cleantech areas of focus include energy generation, efficiency and storage. In China and India, Lightspeed is pursuing a balanced investment program encompassing early-stage technology companies as well as growth-stage companies in a range of product and service businesses.
"Lightspeed investment professionals have been investing internationally for over 10 years, and we expect to continue to deploy significant capital in China given the large number of high quality start-ups and growth companies here," observed Ron Cao, a managing director at Lightspeed.
The firm has an active seed program and a strong track record of working with both repeat entrepreneurs and first time CEOs to create successful companies in a variety of industry sectors.
Lightspeed has been active in China since 2004, and opened its representative office in Shanghai in 2006. The firm has a growing portfolio of companies which includes 99Bill, AMEC, Gmedia, Kaiyuan Machinery, Lucky Pai, MSP/Drilex, SureAuto and Teralane. Lightspeed's investment professionals are actively seeking new investment opportunities in both early and expansion stage companies across a variety of both technology and traditional business sectors.
About Lightspeed Venture Partners
Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed is headquartered in the Silicon Valley and maintains affiliated offices in China, India, and Israel.
Over the past two decades, the Lightspeed team has backed more than 150 companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Calista, Ciena, DoubleClick, eHealth Insurance, Galileo Technology, Growth Networks, Informatica, Kiva Software, LightLogic, Maker Communications, Metasolv, Phone.com, Quantum Effect Devices,
Riverbed, Sirocco, Virsa Systems and Waveset.
For more information, visit the Lightspeed website: www.lightspeedvp.com.
Fortune China Public Relations
Gracie Luo, (8610) 6310 0088 ext. 817
gracie.luo@fortunechina.com.cn
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