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Lightspeed China Partners Raises $920 Million With Focus On Green Tech, Deep Tech And Enterprise Technologies

Nov 30, 2021•over 3 years ago

Amount Raised

$920 Million

Shanghai

Description

Lightspeed China Partners (LCP) announced today the closing of Lightspeed China Partners V with $460M and Lightspeed China Partners Select II with $460M, marking the largest fundraising rounds in LCP history. The new funds, covering both early stage investments from Fund V and emerging growth stage investments from Select II in China, will focus on sectors including green tech, deep tech, enterprise tech, health tech and consumer.

Company Information

Company

Lightspeed China Partners

Location

Shanghai, Shanghai, China

About

Lightspeed China Partners is a leading China-focused venture capital firm serving entrepreneurs as a lead investor in early stage and emerging growth companies. The partnership focuses on green tech, deep tech, enterprise services, health tech and consumer sectors. Through its offices in Shanghai, Beijing and Hong Kong, Lightspeed China Partners manages $3 billion of committed capital across eight USD funds and one RMB fund. www.lightspeedcp.com Lightspeed China Partners supports China’s innovation and is committed to working with entrepreneurs to realize sustainable development. To date, the partnership has helped develop a group of transformational industry leaders. These companies include: Meituan (HK: 3690), Pinduoduo (NASDAQ: PDD), Full Truck Alliance (NYSE:YMM), Zhongji InnoLight (SZ: 300308), QingCloud Technology (SH:688316), FinVolution (NYSE: FINV), Lianluo Interactive (SZ: 002280), Nemo (acquired by Baidu), MediaV (acquired by Qihoo 360), FaceU (acquired by Toutiao), Hesai Technology, XYLink, LAIYE, Hanshow, Southchip, Newrizon, Bluepha and Starfield.

Funding Insights

Based on industry data
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