On July 13, Lightspeed announced that the new fund has raised more than 7 billion US dollars, of which 2.36 billion US dollars of the late-stage “global fund” will continue to be implemented through investment teams in China, the United States, India, Israel, Europe and Southeast Asia to practice Lightspeed Global. The strategy of the development of the development, supporting outstanding startups from all over the world.
From the perspective of Lightspeed, innovation and entrepreneurship are not subject to geographical restrictions, and it is particularly important to have a global entrepreneurial spirit. Therefore, Lightspeed has long insisted on building a global platform. Through sharing and communication, a consistent methodology has been formed to support the world’s most outstanding entrepreneurial teams. Under such a mechanism, investors who are distributed around the world at the speed of light can immediately understand the latest local market trends, accumulate industry knowledge, and contact innovations in different regions, so as to better feed and serve entrepreneurial teams and grow together.
In addition, $1.98 billion of the new fund will support early-stage investments in the U.S., and $2.26 billion will be used for growth-stage investments in the U.S. to support the development of existing portfolio companies. At the same time, Lightspeed India also completed the fundraising of a new fund of US$500 million, and announced the establishment of a new fund, Lightspeed Faction, dedicated to supporting the development of blockchain infrastructure and technology.
It is worth mentioning that the fundraising amount of the new fund has increased by nearly 60% compared with the previous fundraising. Currently, Lightspeed has total assets under management of $18 billion.
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