{"id":64329,"date":"2022-07-13T12:44:55","date_gmt":"2022-07-13T09:44:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64329"},"modified":"2025-09-06T13:51:28","modified_gmt":"2025-09-06T10:51:28","slug":"lightspeed-forms-blockchain-focused-division","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/lightspeed-forms-blockchain-focused-division\/","title":{"rendered":"Lightspeed forms blockchain-focused division"},"content":{"rendered":"<p>Lightspeed Venture Partners raised $7.1 billion across four new funds to back early-stage entrepreneurs. The venture capital firm has also formed Lightspeed Faction, a team focused on investing in the crypto industry.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/3 Today, Lightspeed announced several new funds designed to support entrepreneurs, in any geography in the world, at any point in their journey. <a href=\"https:\/\/t.co\/CB5jPwf4GE\">https:\/\/t.co\/CB5jPwf4GE<\/a><\/p>\n<p>\u2014 Lightspeed (@lightspeedvp) <a href=\"https:\/\/twitter.com\/lightspeedvp\/status\/1546837148384600064?ref_src=twsrc%5Etfw\">July 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Lightspeed Faction will be led by investors Sam Harrison and Banafshe Fatie. The team will draw on nine years of experience backing blockchain startup ventures.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>The division members are convinced that blockchain companies will lead a significant shift in the paradigm of computing for the innovative economy<\/em>, the statement said.<\/p>\n<\/blockquote>\n<p>One of the announced funds, Fund IV, sized at $500 million, will focus on supporting entrepreneurs in India and Southeast Asia.<\/p>\n<p>Three other XIV-A\/VIP, LSelect V, Opportunity Fund II with <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of $1.98 billion, $2.26 billion, $2.36 billion will focus their efforts on projects in the corporate and consumer sectors, as well as in healthcare and fintech.<\/p>\n<p>Assets under management at Lightspeed Venture Partners reached $18 billion. The firm\u2019s portfolio numbers more than 500 companies, 190 of which have gone public or entered <span data-descr=\"mergers and acquisitions\" class=\"old_tooltip\">M&#038;A<\/span> deals.<\/p>\n<p>Back in November 2021, FTX, Lightspeed and Solana Ventures established a $100 million fund to support blockchain games.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lightspeed Venture Partners raised $7.1 billion across four new funds to back early-stage entrepreneurs. The venture capital firm has also formed Lightspeed Faction, a team focused on investing in the crypto industry.<\/p>\n","protected":false},"author":1,"featured_media":64330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1133],"class_list":["post-64329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64329"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64329\/revisions"}],"predecessor-version":[{"id":64331,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64329\/revisions\/64331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64330"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}