Lightspeed raises $7 billion for VC funding

Lightspeed Venture Partners announced a fund raise of more than $7 billion that includes a $500 million early-stage fund for the startups in the India and South East Asia markets.
VC funding for tech
The early-stage investor said that the closing of $500 million Lightspeed India IV fund reflects its commitment to the India and South East Asia region.

Lightspeed made investment in Indian Energy Exchange, Oyo, BYJU’s, Grab, Acko, Razorpay, Udaan, Sharechat and Innovaccer, among others.

The global $7 billion fund-raise brings its total capital under management to over $18 billion.

The latest funding is approximately 60 percent more than Lightspeed’s last flagship fundraise, which focuses on expanding the venture capital firm’s early-stage vehicles and supporting its large and growing global platform.

Lightspeed has invested over $1.5 billion in close to 100 global fintech companies including $600 million specifically in Blockchain and emerging use cases.

In the past six years, Lightspeed has invested $2.2 billion in early growth companies.

In the past two years alone, Lightspeed celebrated the IPOs and acquisitions of Affirm, Blend, Clever, Grab, Hillevax, The Honest Company, Outbrain, Pensando, TeneoBio, and TeneoTwo, and generated more than $2.7 billion in liquidity for their limited partners.