Lightspeed China Partners, the China-focused affiliate of Silicon Valley-based Lightspeed Venture Partners, has Established a $360 million Goal Because of its Fourth Largest flagship venture fund, according to a Record Registered Together with the U.S. Securities and Exchange Commission Now.
If the goal is attained, the finance will likely be Lightspeed China’s biggest nonetheless, per PitchBook. Lightspeed China’s past two capital each closed on $260 million. The VC increased $168 million for its introduction fund in 2013.
Lightspeed China is directed by David Mi (envisioned ). Mi, an investor in several billion-dollar Chinese firms, was formerly the manager of corporate development in Google, where he helped direct the search giant’s investment in Baidu. He combined Lightspeed in 2008 and recognized the company’s China existence in 2011. Yan Han, a long-time Lightspeed investor and also a founding partner of this firm’s Chinese division, is also recorded on the submitting.
Lightspeed China has supported e-commerce stage Pingduoduo and loan supplier Rong360, a set of Chinese”unicorns” that completed U.S. initial public offerings because of 2017. Usually, the company makes early-stage investments from the world wide web, mobile and business spaces.
Before this season, Lightspeed Venture Partners registered to increase a listing $1.8 billion in fresh funding commitments. This month, it tacked five new partners on its own consumer and enterprise investment groups, such as Slack’s former leader of expansion and Twitter’s former vice president of international business growth.
Lightspeed did not immediately respond to a request for comment.