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Lightspeed China Partners raises $920m

The US venture capital firm has raised capital for two China-focused funds.

Fund names: Lightspeed China Partners V and Lightspeed China Partners Select II
Total amount raised: $920 million
Stage of fundraising: Final close

Lightspeed Venture Partners has raised $920 million across two China-focused funds, according to a press release. Lightspeed China Partners V has held the final close at $460 million and Lightspeed China Partners Select II has also closed at $460 million, thereby surpassing their initial targets. Fund V will make early-stage investments while Select II will make emerging growth stage investments. Both vehicles will focus on sectors such as green tech, enterprise tech, deep tech, health tech and consumer goods.