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Venture Capital

Lightspeed Venture Partners

Lightspeed Venture Partners backs early-stage and high-growth companies, typically pre-profit, from Menlo Park, California, USA. It states a focus on software & internet, healthcare & life sciences and environmental & safety.

Capital raised$8.3bnacross 12 SEC-filed vehicles
Most recent fund2024filing since 2014
HeadquartersMenlo Park, California, USA
Largest single fund$2.1bn

Stated investment criteria

What Lightspeed Venture Partners says it buys

Read from Lightspeed Venture Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page981

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Lightspeed Venture Partners to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Lightspeed Venture Partners has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed12
Total capital raised$8.3bn
Largest single vehicle$2.1bn
Filing history2014 to 2024
Smallest accepted commitmentNone stated
Filed fromCALIFORNIA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Lightspeed Venture Partners is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$50bn
Employees132
Private funds advised51 · $50bn gross
SEC adviser numberCRD 160187

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.