Lightspeed Venture Partners has raised $7.1 billion in four new funds to support “start-ups”. Additionally, the venture firm has formed the Lightspeed Faction team, which focuses on investments in the crypto industry.

1/3 Today, Lightspeed announced several new funds designed to support entrepreneurs anywhere in the world at any point in their journey. https://t.co/CB5jPwf4GE

— Lightspeed (@lightspeedvp) 12 July 2022

Lightspeed Faction will be led by investors Sam Harrison and Banafshe Fatiye. The team will focus on nine years of experience in financing a venture capital firm of blockchain startups.

“Participants [подразделения] We are convinced that blockchain companies will lead a significant shift in the computing paradigm of the innovation economy.” – says message.

One of the $500 million announced Lightspeed India Partners Fund IV funds will focus on “supporting entrepreneurs from India and Southeast Asia”.

The other three Lightspeed Venture Partners XIV-A/VIP, Lightspeed Venture Partners Select V, Lightspeed Opportunity Fund II c AUM $1.98 billion, $2.26 billion, $2.36 billion will focus on projects in the corporate, consumer, healthcare and fintech sectors.

The volume of assets managed by Lightspeed Venture Partners has reached $18 billion. The firm’s portfolio includes more than 500 companies, of which 190 have entered or are going public. M&A-opportunities.

Recall that in November 2021, FTX, Lightspeed and Solana Ventures created a $100 million fund to support blockchain games.

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