$10.5 billion under management
Lightspeed Venture Partners is a venture capital firm that was founded in 2000 by Barry Eggers, Ravi Mhatre, Peter Nieh, and Chris Schaepe. Before starting the firm, all of them had worked for the investment firm Weiss, Peck & Greer. The headquarter of the company is located in Menlo, California. However, they have representatives in Israel, India, China, European countries, and Southeast Asia.
As of now, Lightspeed Venture Partners has invested in more than 400 companies. Snapchat, Affirm, MuleSoft, and AppDynamics are just several examples. In 2012 during the seed round, Snapchat raised $485 000. For Enterprise, Consumer, and Cleantech markets Lightspeed Venture Partners had a $1 billion fund in 2014. In 2 years, the company’s two new funds in total were $1.2 billion.
In 2020, the firm already raised three funds aimed at different purposes – for early-stage companies, later-stage, and for winners in international portfolios. In the same year, the company opened new Southeast Asia regional headquarters in Singapore.
Lightspeed Venture Partners has invested in many firms that later are acquired by giant companies. For example, DoubleClick was acquired by Google after IPO, Growth Network – by Cisco, Kosmix – by Walmart, TimesTen – by Oracle. In total, the number of investments is close to 1 000.
Moreover, Lightspeed Venture Partners holds Lightspeed Scout Program. The gathering of exceptional entrepreneurs, future investors, to develop their skills. Additionally, the firm provides participants with capital, programming, and community. The main aim of the event is to inspire of future leaders.