Published on July 11th, 2018 | by bitcoin0
Lightspeed venture partners are investing 1.8 billion in new funds
American venture capital firm Lightspeed Venture Partners has raised $1.8 billion, which it plans to invest in startups in various fields, including digital currency, Reuters reported July 10.
Lightspeed told Reuters that $1.05 billion of the new funding will be allocated to invest in more mature companies.
The firm is planning an expansion to Southeast Asia by contributing to companies active in fields from cryptocurrency and biotechnology to the cosmetics industry.
Since startups rely on funding from venture capital rather than public markets, Lightspeed will invest in a company repeatedly over the course of several years in order to keep a significant ownership interest.
According to Reuters, companies supported by Lightspeed have conducted 17 initial public offerings (IPO) during the last five years.