Lightspeed Venture Partners mops up more than $9 billion across six funds

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Global venture capital firm Lightspeed Venture Partners has raised over $9 billion across six multi-stage funds, marking one of the largest venture capital fundraises this year as investor capital continues to flow into artificial intelligence and technology-led businesses.

The fundraising spans early-stage, growth and opportunity vehicles and reflects sustained limited partner interest in multi-stage venture strategies with exposure to AI, enterprise software and consumer technology companies.

"AI is the most transformative technology shift in a generation and Lightspeed has been investing behind this conviction for years, leading early and inflection growth financings for many of the world’s most important AI companies,” said Ravi Mhatre, Founder and Partner at Lightspeed in a media statement on December 16.

The raise includes $980 million for Venture Partners Fund XV-A, $1.2 billion for Fund XV-B, $1.8 billion for Lightspeed Select VI, and $3.3 billion for Opportunity Fund III, Lightspeed said in a media statement on December 16.

The firm also raised $600 million through a co-investment vehicle and secured $1.25 billion in single-asset commitments during the year.

According to the firm, the funds will be deployed across seed, early-stage, growth and later-stage investments globally, spanning sectors such as artificial intelligence, enterprise software, fintech, healthcare and consumer technology.

Lightspeed said it has invested more than $5.5 billion across 165 AI-focused companies since 2012. Its portfolio includes Anthropic, Databricks, Glean, Mistral, Rubrik, Netskope and Navan.

Following the fundraise, Lightspeed said it manages over $40 billion in assets globally.