Lightspeed’s global and multi-stage strategy team announced their funds including Lightspeed US funds ($6.6B), a Lightspeed India early stage fund ($500M) and a debuting Lightspeed Faction, an independent team devoted to glorifying on Lightspeeds nine year history of supporting extraordinary founders in blockchain infrastructure.
As evolution is the need of the hour, Lightspeed aims at having a healthy startup ecosystem and also push boundaries on new innovations. Lightspeeds wishes on building a new venture firm in future with the $7 billion funding they have raised.
“The new funds are representative of Lightspeed’s global vision to support exceptional entrepreneurs, in any geography, at any point in their entrepreneurial journey,” said the Medium.
It seems investment firms like Lightspeed are not affected by the economic slowdown as their large fundraising announcement brought in roughly $18 billion of Lightspeed’s total committed capital under management.
Lightspeed focuses on the $500M commitment to India and South Asia region. Over the past 5 years the company’s presence has expanded to over 28 professionals across Bengaluru, Delhi,Mumbai and Singapore, representing one of the largest advisory teams in that region.
They have partnered with various industry leaders such as Byjus, Indian Energy Exchange, Oyo, Grab, Acko to name a few as we see expansion of network and opportunity in this region,led by world class founders to reshape the economy in India and South East asia.
Also read: Blockchain.com Reaches $14B Valuation in Funding Round Led by LightSpeed
