Lightspeed Venture Partners

Lightspeed Venture Partners is a US-based venture capital firm

Summary

Lightspeed Venture Partners is a US-based venture capital firm focusing on early-stage investments in enterprise technology and consumer spaces. The organisation has supported more than 300 companies, including Snapchat (Snap Inc.), DoubleClick, AppDynamics, Pliant Technology, XtremeIO, Phone.com, Solazyme (SZYM).

The company invests around the world: Silicon Valley, Israel, India with Lightspeed India Partners, and China with Lightspeed China Partners.

Mission and investments

LSVP are committed to impact investing. They put their money where their mouth is. “Over the past 5 years, they’ve invested over $125 million in companies founded by female entrepreneurs. Almost 30% of all of our consumer-facing investments in that time have a female founder. While that is a lot more than the industry average of 7%, it is lower than the 50% that would be optimal in a perfect world”.

In 2018, Lightspeed Venture Partners raised $1.8 billion to finance startups, from cryptocurrency to cosmetics, aspiring to build on experience investing in lucrative companies such, as Snap Inc.

Lightspeed used to be exclusively an early-stage investment firm but $1.05 billion of the latest funding will be to invest in more mature companies.

Lightspeed recently invested in the plus-size clothing industry, going against the grain. As written in a media Glamour article: “As you fund-raise as a plus-size person or for a plus company, the knowledge and the understanding of the problems that the shopper faces can’t be personally felt unless you’ve felt them, or you have the ability to think outside of yourself.” The latter was found by startups in Lightspeed Venture Partners, which led Part & Parcel’s (which is a plus-size clothing startup) $4 million seed round.

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