Lightspeed seeks to raise $1.8 bln

Lightspeed Venture Partners, which last year saw exits in the unicorn companies AppDynamics, Mulesoft and Snap, is seeking to raise $1.8 billion for Lightspeed Venture Partners Select III, according to a regulatory filing. In 2016, the firm raised more than a combined $1.2 billion for two funds, including $715 million for its 11th early-stage fund and $500 million for Lightspeed Venture Partners Select II. The Select Fund invests in follow-on rounds, primarily in existing Lightspeed portfolio companies.

27 March 2018•1 min read
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