Wednesday, June 29, 2016

Lightspeed China Partners Raises $260M Fund

Lightspeed China Partners, the Chinese venture capital investor which is linked to Menlo Park-based Lightspeed Ventures, said Tuesday that it has raised $260M in its latest fund, Lightspeed China Partners II, L.P. The company also said it has raised a separate, RMB denominated fund worth 500M RMB. Lightspeed China Partners invests in early stage companies in Internet, mobile, enterprise technology, and other companies in China. The firm has so far invested in more than 60 companies, split between Lightspeed China Partners I and II, along with earlier investments via Lightspeed Venture Partners itself.