Lightspeed Venture Partners, a venture capital firm based in Menlo Park, California, has raised three new U.S. funds and one India-focused fund totaling more than $7 billion for early- and growth-stage funding.
The firm also launched Lightspeed Faction, an independent team dedicated to helping blockchain infrastructure projects grow.
Lightspeed Venture Partners has invested in more than 500 companies since its founding more than 20 years ago, and around a quarter of those companies have gone public or been acquired, according to the firm.
The new funds are representative of Lightspeed’s global vision to support exceptional entrepreneurs, in any geography, at any point in their entrepreneurial journey. — the firm wrote in a blog post.