Lightspeed Venture Partners raises $1.2 bln

Lightspeed Venture Partners, an early-stage investor based in Silicon Valley, raised a total of $1.2 billion for two venture funds, according to SEC filings. The firm’s eleventh flagship fund collected $715 million, and its second Select fund raised $500 million to invest in later-stage companies. Lightspeed typically targets investments in the enterprise and consumer sectors.

The firm took in $635 million for Lightspeed X and $430 million for Lightspeed Select, according to the firm’s website. Lightspeed also invests out of an India-focused fund an a China-focused fund.