While startups may be facing a hard time raising money, venture and growth capital firms do not appear to be having the same problem.Ĭhris Metinko contributed to this report. rahultaneja partner at LightspeedIndia conducted an insightfully remarkable session for the AWS AccelerateHer 2023 cohort on 'Navigating the Funding Landscape for Startup Success' AccelerateHer Womenentrepreneurs indianstartups founders womeninbusiness womenfounders. Other firms have followed suit this month, such as San Francisco-based life sciences and health care investor Telegraph Hill Partners announcing the close of a new $525 million investment fund. In late June, CIBC Innovation Banking announced the launch of its $1.5 billion venture fund for startups across software, life sciences and cleantech, and Drive Capital announced two new funds totaling $1 billion. Even as funding to startups have slowed, investment firms have not slowed their pace of closing new funds. Lightspeed’s large fundraising announcement is one of many in the last few weeks. Lightspeed Venture Partners has also had some notable exits over the years, including Snap, Affirm, MuleSoft and GrubHub.Īlong with the new funds, Lightspeed announced the formation of Lightspeed Faction, a new team focused on crypto and blockchain technology. - Lightspeed is thrilled to partner with Nitin Agarwal and Supam Maheshwari as they seek to build a tech-powered, new-age multi-brand.Around a quarter of its portfolio companies have gone public or been acquired, with 33 companies going through an initial public offering. Since Lightspeed was founded more than 20 years ago, the firm’s invested in more than 500 companies in the enterprise, consumer, fintech and health sectors, per the firm. It’s a sharp contrast to 2021, which saw record levels of venture dollars invested globally. Lightspeed’s new fundraise announcement comes during an overall slowdown in venture investing. “And we’ve raised this $7B+ with an eye towards what it means to be building the venture firm of the future.” Fresh news amid overall funding slowdown “The new funds are representative of Lightspeed’s global vision to support exceptional entrepreneurs, in any geography, at any point in their entrepreneurial journey,” the firm said in a Medium post. Some of Lightspeed’s most recent investments include Vegrow, Soba and Zigazoo, according to Crunchbase. Menlo Park-based Lightspeed Venture Partners last raised a fund with its $450 million Lightspeed China Partners V.
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