Lightspeed China Partners Closes $260M Second Fund
June 24, 2014
Lightspeed China Partners has completed the first and final closing of Lightspeed China Partners II with total committed capital of $260 million, exceeding the firm's target of $220 million. The fund plans to invest exclusively in China-based businesses with a focus on early stage companies in the Internet, mobile, technology-enabled services and enterprise solution sectors. It will invest in approximately 30 companies with initial investments ranging from $500,000 to $7 million in seed and Series A rounds. Lightspeed China Partners' inaugural fund closed with $168 million of committed capital in 2013.