Lightspeed $9B Raise: $4.5B Flagship, AI Focus
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.
Venture capital fund · 3 deals
Every published round Sequoia Capital 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 |
|---|---|---|---|---|---|---|
| XBow | Series C | Mar 2026 | $120m | Participant | finance.yahoo.com | |
| mod.io | Series A | 8 Nov 2021 | $34m | Participant | Our Innovation Fund (2 Dec 2021), Our Innovation Fund (8 Nov 2021), Our Innovation Fund (8 Nov 2021), OIF Ventures portfolio | |
| Harvest B | Seed | 12 Sep 2025 | $5.6m | Participant | Startup Daily, SmartCompany, Breakthrough Victoria, Alberts portfolio, Investible portfolio, Mandalay Venture Partners portfolio |
Companies Sequoia Capital has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Sequoia Capital, as distinct from the investments it has made.
Companies Sequoia Capital has backed that another company then bought. An exit for the holding, not a deal Sequoia Capital did.
| Name | Role | Sources |
|---|---|---|
| Alfred Lin | Co-steward | economictimes.indiatimes.com, mlq.ai |
| Pat Grady | Co-steward | economictimes.indiatimes.com, mlq.ai |
| Roelof Botha | economictimes.indiatimes.com, mlq.ai |
Stories naming Sequoia Capital. 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.
Bloomberg-sourced report says Sequoia's incoming co-leaders have gathered roughly seven billion dollars for a new vehicle backing large, often AI, companies; the piece also covers leadership changes and Wiz's sale to Alphabet.
Sequoia Capital has closed about $7 billion for a fund backing late-stage AI companies in the US and Europe, the first big fundraise since Alfred Lin and Pat Grady took over as co-stewards.
Xbow, a startup using AI for cybersecurity, has closed a $120 million round co-led by DFJ Growth and Northzone at a valuation topping $1 billion, with five other investors participating.
Crunchbase's 2026 forecast lists fifteen late-stage companies it deems probable or very likely IPO candidates, profiling each with past raises, valuations and secondary sales; Australia's Canva makes the list.
Breakthrough Victoria is putting $2 million into protein technology company Harvest B, joining a $5.6 million pre-Series A round with Mandalay VC leading and several other backers.
Klarna went public on the New York Stock Exchange; most of the $1.4 billion offering came from holders selling stock, with Sequoia the biggest seller and only a small slice newly issued.
Crunchbase News profiles 14 venture-backed companies its predictive models flag as likely IPO candidates, from Stripe to Sierra Space, recapping their funding histories, valuations and financial milestones.
Canva launched an employee share sale valuing the design software firm at $42 billion, led by Fidelity with JPMorgan's asset arm joining, ahead of a planned IPO; US rival Figma listed last month.
KrASIA roundup: HongShan closes an RMB 18 billion fund, Partior and Miridih raise Series B rounds, Packworks gets a government grant, four Chinese startups raise, and Nika.eco, Validus and Airs Medical win funding.
WA venture fund Purpose Ventures stages a discounted founders' dinner on preparing for investment, backed by a state industry fund program and featuring WA founders; the event has since sold out.
A monthly Crunchbase roundup of five overlooked venture rounds, including raises by ChopValue, Australia's Cortical Labs, Harvey, Sepura Home and Ebb Carbon, with lead investors and amounts for each deal.
Also Crunchbase News
Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.
Also Startup Daily
Profile of move-to-earn fitness app StepN, founded in Adelaide, covering its Sequoia-backed seed round, a later Binance investment, rapid user growth, token economics, and Axie Infinity's struggles.
Perth healthcare booking platform HealthEngine has completed its Series E round, securing up to $30 million from Inspire Impact's newly launched $350 million impact fund, with board representation and impact targets attached.
Also Startup Daily
A year-end roundup profiling the ten most valuable unicorns of 2021, recalling each company's major funding round, investors and valuation, from ByteDance and SpaceX to Canva and Chime.
OIF Ventures' third monthly portfolio roundup: XM Cyber's roughly billion-dollar sale to Schwarz Group, Assignar's secondary raise, new investments in Inspace, mod.io and Atelier, plus portfolio awards, customers and product launches.