Lightspeed Venture Partners Launches New Funds Totaling More Than $7B
The venture capital firm also announced Lightspeed Faction, an independent team focused on early-stage blockchain infrastructure projects.
Jul 12, 2022 at 2:18 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RORIUAT6PFBGNNYTCNFJANBOG4.jpg)
Lightspeed will be backing early-stage blockchain infrastructure projects. (Shutterstock)
Venture capital firm Lightspeed Venture Partners has unveiled three U.S. funds totaling $6.6 billion and a $500 million India early-stage fund, bringing total committed capital across the company to $18 billion.
The firm also announced Lightspeed Faction, an independent team focused on backing early-stage blockchain infrastructure projects.
“In times of uncertainty, we are acutely aware of the unexpected challenges for founders and leaders. And if you’re stuck in old models, you can never succeed. We see proof daily that the innovation cycle is alive, and the startup ecosystem is healthy,” wrote the company in a Medium post.
Founded in 2000, Lightspeed Venture Partners primarily invests in the enterprise and consumer sectors. Past crypto investments included Blockchain.com and FTX. Lightspeed has a global presence with offices in Silicon Valley, Israel, India, China, Southeast Asia and Europe.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/6205601f-70f8-400c-8219-e81039da93cc.png)
Brandy covered crypto-related venture capital deals for CoinDesk.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.