Lightspeed Venture Partners has closed its eigth fund with $800 million in capital commitments. Its seventh fund had closed on $475 million in late 2005. The firm is based in Silicon Valley, but also has offices in
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
Lightspeed has a global investment platform. In the
“While we expect the majority of Lightspeed VIII portfolio companies to be headquartered in the U.S., Lightspeed investment professionals have been investing internationally for over 10 years, and we expect to deploy substantial capital in China, India and Israel,“ observed Peter Nieh, managing director.
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.