Lightspeed China Partners completes $560 mln fourth family VC funds

02/22/2019 11:43:00 AM (GMT)

Lightspeed China Partners (LCP), the investment arm of U.S. rival Lightspeed Ventures, has raised $560 million for its fourth family venture capital (VC) funds.

LCP raised $360 million for its Lightspeed China Partners IV and $200 million for Lightspeed China Partners Select I.

The new funds bring LCP’s committed capital under management to $1.5 billion.

LCP said that both funds will focus on investments in China where LCP IV will make investments in early-stage technology companies while LCP Select I will focus on early growth investments.

Lightspeed China Partners

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