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The London-based venture capital firm has launched a £45 million fund to help startups that may struggle to raise funds in a recession.

The venture firm closed Lightspeed Venture Partners XIV-A/B LP at $1.98 billion; Lightspeed Venture Partners Select V LP at $2.26 billion; and Lightspeed Opportunity Fund II LP at $2.36 billion. Separately, Lightspeed India Partners closed its fourth early stage fund at $500 million.

Firm expects to invest about 60 to 70 percent of its capital in Series A and B rounds, 20 to 25 percent in growth stage deals and the rest in seed stage investments, a source said.

Qiming Venture Partners Fund VIII raised $2.5 billion while the RMB Fund VII raised $700 million in its first close.

As economic troubles continue to roil the world’s biggest economies, VCs are thriving in a European market where $1bn-plus unicorns are making quite a splash.

C2 Venture Capital Partners II will invest in the seed rounds of B2B software and robotics companies.

'Agriculture and food production is way behind other industries in terms of technology adoption, but disruption is now coming in fast,' says Alastair Cooper of ADM Capital.

Stellar Ventures is led by Celeste Ford, who founded aerospace engineering company Stellar Solutions

Fund VII's limited partners include university endowments and foundations.

With local teams in offices on almost every continent, Headline announced that it has raised a total of $954 million across three distinct early-stage funds that will invest in consumer and B2B start-ups in North America, Europe and Brazil.