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.