Lightspeed Venture Partners closes $800 million fund VIII Lightspeed VIII to emphasize investments in early-stage technology in Israel and the U.S. and multi-stage companies in China and India
Herzliya, Israel (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 deploy significant capital in Israel given the large number of high quality start-ups here," observed Yoni Cheifetz, 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.
About Lightspeed Venture Partners
Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed's investment professionals and advisors are located in Silicon Valley, 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.
MindSet MediaElize Shazar, 02-561-7258 mindset-pr@fahnschoffman.com
Herzliya, Israel (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 deploy significant capital in Israel given the large number of high quality start-ups here," observed Yoni Cheifetz, 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.
About Lightspeed Venture Partners
Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed's investment professionals and advisors are located in Silicon Valley, 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.
MindSet MediaElize Shazar, 02-561-7258 mindset-pr@fahnschoffman.com
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