Lightspeed pulls in more than $7bn across four funds

• Lightspeed now manages $18 billion
• Separately, Lightspeed India Partners closed its fourth early stage fund at $500 million
• Firm is also rolling out Lightspeed Faction to focus on blockchain infrastructure

Lightspeed Venture Partners has raised more than $7 billion across four funds. 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.

Lightspeed Venture Partners XIV-A/B LP will focus on early stage companies in enterprise, consumer, health and fintech.

Lightspeed Venture Partners Select V LP will accelerate existing Lightspeed portfolio companies and new investments across the firm’s platform led by the growth team.

The Lightspeed Opportunity Fund II LP bill back breakout companies from across all of the global territories where Lightspeed operates.

Lightspeed India IV will invest in growth-stage companies in the India and South East Asia region.

Since Lightspeed’s founding, the firm has partnered with more than 500 enterprise, consumer, health and fintech founders and their companies. Roughly a fourth of those companies have either been acquired or gone public, with 33 IPOs over the years.

“We love to partner with and even incubate companies around core dislocations in the enterprise landscape and to build relationships with prospective entrepreneurs years before they are ready to start building,” partner Arif Janmohamed said in a statement.

Currently, Lightspeed and its global team manage $18 billion across the Lightspeed platform, with investment professionals and advisors in the US, China, Europe, India, Israel and Southeast Asia.