![]() ![]() The talent team were also struggling to store information from investment partners, who often referred them names and contact details of high caliber C-suite executives they met at conferences and networking dinners. Unfortunately, they didn’t have a structured way to store the information and pull meaningful reports for portfolio companies moving forward. With 50 or more searches being conducted concurrently, Lightspeed is often on the receiving end of a substantial amount of candidate intel. ![]() Instead, “people heavily relied on their own networks and outsourced straight search,” says Marian Pond, Vice President, Executive Talent. Challengeĭespite investing in over 300 companies across a variety of sectors and geographic locations, Lightspeed Venture Partners was lacking a single, centralized talent management platform. Currently, the firm manages over $4 billion of committed capital, with investments in the U.S. Recent investment exits include the Snap IPO (currently the largest tech IPO for 2017), the Nutanix IPO (the largest tech IPO for 2017), the AppDynamics acquisition by Cisco (the largest private company enterprise acquisition in the last two decades), the MuleSoft IPO, and the upcoming Stitch Fix IPO. Over the past two decades, the Lightspeed team has backed and helped build more than 300 companies globally, many of which have become market leaders. The firm’s two new funds were “oversubscribed”, which is “evidence of the strong support garnered from returning and new institutional limited partners across the U.S., Europe and Asia,” said James Mi, who helped Google build its China offshoot before founding Lightspeed China.Lightspeed Venture Partners (LSVP) is an early-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. It also brought in two new partners - Wei Cai, who was previously responsible for Alibaba’s investment in deep tech, and Daniel Sun, who jointly led investments in the consumer and TMT (technology, media, and telecom) sectors at the China Renaissance New Economy Fund. Jia Zhu, Francis Kao and Jason Wang were promoted to partners. We’ve written some of its growth-stage portfolio companies, including aforementioned Hesai Laiye, which aspires to be China’s Uipath and Starfield, one of the meat replacement startups that have emerged in China recently.Īlongside its landmark raise, Lightspeed China also added five new partners. In the past five years, the firm saw a number of notable IPOs, including e-commerce giants Pinduoduo and Meituan, freight matching platform Full Truck Alliance, and electric vehicle upstart Xpeng. Lightspeed China has since built up a local investment team like its counterparts IDG and Sequoia. Lightspeed Venture Partners, rooted in Silicon Valley, started in 1999 and has gradually extended its footprint to Israel, India, Europe, Southeast Asia and China, where it began investing in 2006. The idea is for the Select fund to invest in top-performing companies backed by the early-stage fund, such as Hesai, a major lidar maker in China, though Select also looks for new investments. ![]() The Select fund, which completed its first close in January 2019, has an initial check size of $20-30 million, TechCrunch learned, while the early-stage fund’s initial check size is about $5-15 million. Both will be seeking investments in green tech, deep tech, enterprise tech, health tech and consumer tech, the firm said. The capital went towards two funds: Lightspeed China Partners V with $460 million for early-stage startups and Lightspeed China Partners Select II with $460 million for growth-stage opportunities. The new injection came under three years after its last raise in early 2019. Lightspeed China Partners, the China-focused vehicle of Lightspeed Venture Partners, said Tuesday it has closed the largest fundraising rounds in its history. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |