Lightspeed Venture Partners, a U.S-based venture capital firm, has announced to chase more growth deals on February 15, 2022. Its scout team will execute the firm’s decision by looking up more opportunities.
The firm generally invests at the early stages for funding start-ups. Seed funding and Series A type investments are the most popular. At the same time, Series D and Series C come to a close second. However, Lightspeed Ventures has changed tactics to acquire more extensive companies. They are actively looking for funding opportunities in the healthcare, ed-care, fintech and Software as a Service (SaaS) sectors. To name a few, Snapchat, MuleSoft and Apna received investments from Lightspeed.
The Way Ahead
The company’s scout team will look for Series D and Series C investment opportunities. These types of investments come after the initial rounds of funding. The scaling of capital base will aid in acquiring exceptional companies. Lightspeed Ventures India shall witness a surge in employees since more people are required to meet the company’s expansion strategy.
Their early-stage funds range from USD30 to USD75 million, whereas the growth stage funds target USD75-USD200 million. In 2021, the company spent around USD300-USD350 million for growth-stage funding.
Valuation
Since 2007, Lightspeed India (LSIP) has invested over USD 1.5 billion. In its maiden-India dedicated fund, 2015, they raised USD 135 million. For Fund II, the company mopped USD 180 million.
From limited partners and sponsors, they acquired further funding of USD 275 million Round III. This was in the year 2020. Byju’s, CredAvenue and ACKO Insurance are some back-growth stage firms. Meanwhile, Udaan, Dukaan and Teachmint received early growth funds.
It gets whopping returns from these companies.
About LightSpeed Venture Partners
Lightspeed Venture Partners is a multi-stage investing firm in various sectors. From Silicon Valley to Europe and China to Israel, their global presence speaks for itself. They boast of a market capitalization of 5.537 billion USD. They have backed up more than 400 companies. The company began its operations in India in 2007. Lightspeed India Partners (LSIP) invest in early and growth-stage technology firms. Over the years, they have covered 67 investments in 44 start-ups. In 2017 and 2018, the firm had only 18 investments. But in the last three years, the number of investments has grown by leaps and bounds. They have covered 49 investments from 2018 to 2021.
The venture-capitalist firm has offices in New Delhi, Bangalore and Mumbai. They target technological firms having a solid base of operations in India. LSIP invest in direct or cross-border Indian companies. They aim to support emerging entrepreneurs to build iconic companies.
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