Venture capital fund · 1 deal
Every published round Lightspeed Venture Partners took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Nexthop AI | Series B | Mar 2026 | $500m | Lead | invezz.com |
Companies Lightspeed Venture Partners has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Nexthop AI | Mar 2026, Series B | 1 | 1 |
Fund closes reported for Lightspeed Venture Partners, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| Opportunity Fund III | 16 Dec 2025 | $3.3b | - | Final | valueaddvc.com, thetechportal.com |
| Venture Partners Fund XV-A | 16 Dec 2025 | $980m | - | Final | valueaddvc.com, thetechportal.com |
Companies Lightspeed Venture Partners has backed that another company then bought. An exit for the holding, not a deal Lightspeed Venture Partners did.
| Name | Role | Sources |
|---|---|---|
| Ravi Mhatre | Founder and Partner | thetechportal.com, asiatechdaily.com |
| Bejul Somaia | Partner and Leader | thetechportal.com, asiatechdaily.com |
Stories naming Lightspeed Venture Partners. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Analysis of Lightspeed Venture Partners' 2026 close of three funds totalling nine billion dollars, its backer base, AI allocation, portfolio outcomes and comparisons with other big venture firms.
Nexthop AI, which builds networking gear for AI data centres, has banked $500 million in a Lightspeed-led round valuing it at $4.2 billion, and showed off three new switches.
Lightspeed has closed over nine billion dollars across six new funds, its largest fundraising ever, spanning early to late stage, with the opportunity fund mainly for follow-ons into its portfolio companies.
Also valueaddvc.com
Lightspeed has closed over $9 billion across six vehicles, its largest-ever fundraise; the story ties the trend to LPs backing bigger firms and AI bets, and recalls IPOs by Rubrik, Netskope and Navan.
Also thetechportal.com
Travel giant Oyo's purchase of local rental manager MadeComfy tops $50 million; founders remain as co-CEOs, and the piece recalls earlier raises and rival sector deals.
Also Startup Daily·bwdisrupt.com·vrinsider.com·community.verified.realestate
Australian job-simulation edtech Forage has been bought by US education company EAB on undisclosed terms; the story also recalls its accelerator days and earlier venture raises.