Venture Capital
Lightspeed hits the fundraising trail as US VC firms break $100B barrier
October 28, 2021
In a year of superlatives and new records set across the venture capital ecosystem, fundraising by the biggest US VC firms has been a dominant theme.
The formation of mega-funds by the likes of Tiger Global and Andreessen Horowitz in recent days has already propelled the asset class past an unprecedented $100 billion mark for 2021. As of Thursday, the industry total stood at $104.8 billion raised across 576 vehicles in the US, according to PitchBook data.
One of Silicon Valley's stalwart VC firms, Lightspeed, seeks to add mightily to that haul.
Lightspeed, which raised three funds totaling more than $4.2 billion in 2020, is in the market to raise over $5.5 billion across three vehicles covering early- and late-stage deals, The Information reported. If it hits that total, it would represent the firm's largest fundraising campaign.
Featured image by Wenjin Chen/Getty Images
The formation of mega-funds by the likes of Tiger Global and Andreessen Horowitz in recent days has already propelled the asset class past an unprecedented $100 billion mark for 2021. As of Thursday, the industry total stood at $104.8 billion raised across 576 vehicles in the US, according to PitchBook data.
One of Silicon Valley's stalwart VC firms, Lightspeed, seeks to add mightily to that haul.
Lightspeed, which raised three funds totaling more than $4.2 billion in 2020, is in the market to raise over $5.5 billion across three vehicles covering early- and late-stage deals, The Information reported. If it hits that total, it would represent the firm's largest fundraising campaign.
Featured image by Wenjin Chen/Getty Images
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