"The latest huge capital haul has come to Lightspeed Venture Partners. The 25-year-old venture firm announced Monday that it raised a total of $9 billion in fresh funds, the largest fundraise in firm's history. At a time when very few companies have managed to IPO, Lightspeed was an early investor in Rubrik, Netskope, and Navan, all of which have recently made their public market debuts. The firm has also positioned itself as a predominantly AI-focused investor."
"Lightspeed claims to have backed 165 AI-native companies, including Anthropic, xAI, Databricks, Mistral, Glean, Abridge, and Skild AI. Armed with its giant new fund, the firm can continue to make massive investments into capital-intensive AI companies. For instance, Lightspeed reportedly wrote a $1 billion check to Anthropic when it co-led the LLM-maker's $13 billion investment in September. Lightspeed's new capital is spread across six funds, including a $3.3 billion opportunity fund dedicated to follow-on investments in its fastest-growing portfolio companies."
After weak returns from the 2021 VC surge, limited partners shifted more capital toward established firms with proven track records. Lightspeed Venture Partners raised $9 billion, its largest fundraise, across six funds including a $3.3 billion opportunity fund for follow-ons. The firm has backed 165 AI-native companies such as Anthropic, xAI, Databricks, Mistral, Glean, Abridge, and Skild AI, and reportedly wrote a $1 billion check to Anthropic. Lightspeed's capital enables large, capital-intensive AI investments and continued support for fastest-growing portfolio companies. Other large firms also raised sizable funds while younger VCs face fundraising challenges.
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