– Lightspeed Venture Partners announced the closing of more than $9 billion in committed capital across six highly selective investment vehicles
– The vehicles include Fund XV-A ($980m), Fund XV-B ($1.2bn), Lightspeed Select VI ($1.8bn), Opportunity Fund III ($3.3bn), and Co-Investment Fund I ($600m)
– The firm also closed $1.25 billion in single-investor vehicles in 2025
– The fundraise strengthens Lightspeed’s global technology investment platform with a focus on investment excellence, proactive portfolio management, and founder support
– Lightspeed has been investing in AI since 2012, well ahead of much of the industry
– To date, the firm has backed 165 AI-native companies and invested more than $5.5 billion in AI
– Most AI investments have been made at the Seed, Series A, and Series B stages
– Despite a challenging IPO environment, portfolio companies Rubrik, Netskope, and Navan completed three of the most significant tech IPOs of 2024 and 2025
– Lightspeed was the largest institutional investor in these companies at the time of their IPOs
– The firm has a long history of backing market pioneers across enterprise, consumer, health, fintech, frontier technology, and AI
– The new fund structure is opportunity-driven and designed to support both breakthrough innovation and continued growth
– Lightspeed has previously supported companies such as Anthropic, xAI, Databricks, Mistral, Glean, Abridge, SSI, and Skild AI
– Ravi Mhatre highlighted AI as the most transformative technology shift in a generation and a core long-term conviction for Lightspeed. He emphasized that AI is creating entirely new markets and will drive major shifts across industries by 2026
– Bejul Somaia described this as Lightspeed’s strongest and most strategic fundraise to date. He noted the firm’s focus on first-principles thinking and coordinated strategy in investing in the intelligence economy
– The funds are backed by a global, institutional base of limited partners, reinforcing Lightspeed’s position as a global investment firm
