At a time when very few companies have managed to IPO, Lightspeed was an early investor inRubrik,Netskope, andNavan, all of which have recently made their public market debuts.
The firm has also positioned itself as a predominantly AI-focused investor. Lightspeed claims to have backed 165 AI-native companies, including Anthropic, xAI, Databricks, Mistral, Glean, Abridge, and Skild AI.
Armed with its giant new fund, the firm can continue to make massive investments into capital-intensive AI companies. For instance, Lightspeed reportedly wrote a $1 billion check to Anthropic when it co-led the LLM-maker’s$13 billioninvestment in September.
Lightspeed’s new capital is spread across six funds, including a $3.3 billion opportunity fund dedicated to follow-on investments in its fastest-growing portfolio companies.
Other large VC firms that have recently raised enormous capital pools include Founders Fund, which earlier this year amassed$4.6 billionfor a growth fund; General Catalyst’s$8 billioncapital haul andAndreessen Horowitz’s $7.2 billion, both secured in 2024.
Meanwhile, younger and smaller VC firmsare strugglingto attract fresh funds. According to PitchBook data, 2025 is on pace to record the fewest VC fund closings in the past 10 years.
Source: Techcrunch
