Multi-stage VC, Menlo Park
Lightspeed Venture Partners
Venture capital firm · Menlo Park · Founded 2000
Quick read
Lightspeed Venture Partners, a multi-stage VC firm, was founded in 2000 and is headquartered in Menlo Park, California. In December 2025, it closed more than $9 billion across six new funds — the largest raise in its 25-year history — bringing total AUM above $40 billion. The firm has deployed over $5.5 billion into 165+ AI-native startups and runs a federated global platform across the US, Europe, India, Israel, and Southeast Asia.
Key facts
- Founded
- 2000
- Founders
- Barry Eggers, Peter Nieh, Ravi Mhatre
- Employees
- 42
- Sectors
- generalist, enterprise, consumer, ai, fintech, healthcare
- Website
- lsvp.com
Investment thesis
Lightspeed backs category-defining companies from seed through growth across enterprise, consumer, health, and fintech, with concentrated conviction in AI as the most significant technology shift in a generation. The firm has deployed over $5.5 billion into 165+ AI-native startups and targets early and inflection-stage rounds where it can lead or co-lead.
Recent activity
- May 2026investmentLightspeed backed Judgment Labs in a combined Seed and Series A round totalling $32M. tracxn.com
- Feb 2026pressCo-founder Ravi Mhatre told Bloomberg TV that 2026 is AI's demo-to-deployment year, predicting mass AI adoption will force companies to rethink how work gets done. news.bloomberglaw.com
- Dec 2025fundraiseLightspeed closed over $9 billion across six funds — Fund XV-A ($980M), Fund XV-B ($1.2B), Select VI ($1.8B), Opportunity Fund III ($3.3B), a $600M co-investment fund, and $1.25B in single-asset commitments — pushing total AUM past $40 billion, the firm's largest-ever raise. businesswire.com
- 2025leadershipSam Eisler departed as a full Partner to launch his own early-stage venture firm, retaining a Venture Partner role at Lightspeed and keeping existing board seats. linkedin.com
- 2025investmentLightspeed led Anthropic's $3.5 billion Series E, making it the largest investor in that round. The firm first backed Anthropic when it had fewer than 100 employees and no public product. lsvp.com
- 2025leadershipJustin Overdorff, Partner leading fintech, announced new partner hires in New York City and Lightspeed's first local NYC office near Union Square. linkedin.com
- 2025investmentThinking Machines Lab, backed by Lightspeed, raised a $2 billion seed round — noted by Ravi Mhatre as a record. linkedin.com
Notable investments
- AnthropicSeries E2025lsvp.com
- Judgment LabsSeed / Series AMay 2026tracxn.com
- xAIUndisclosed2024mlq.ai
- Thinking Machines LabSeed2025linkedin.com
- GoodfireUndisclosed2024lsvp.com
- Neko HealthUndisclosed2024mlq.ai
- GleanUndisclosed2024mlq.ai
- DatabricksUndisclosed2024mlq.ai
- BetterUpUndisclosed2023lsvp.com
- DescopeUndisclosed2023lsvp.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Ravi Mhatre · Co-Founder & Partner
- Barry Eggers · Co-Founder & Partner
- Peter Nieh · Co-Founder & Partner
- Rob Horton · COO
- Ryan Connor · CFO
- Justin Overdorff · Partner (Fintech)
- Michael Mignano · Partner
- John W. Thompson · Partner
- Aaron Frank · Partner
- Jeremy Liew · Partner
- Bejul Somaia · Partner
- Arif Janmohamed · Partner
- Nicole Quinn · Partner
- Alex Taussig · Partner
- Mercedes Bent · Partner
- Michael Romano · Chief Business Officer
Sources
- Lightspeed Closes Over $9B in New Funds Aimed at Backing Category Definers Worldwide
- Lightspeed Venture Partners closes over $9 billion in new funds to double down on AI investing
- Stories - Lightspeed Venture Partners
- Lightspeed's Mhatre Sees 2026 as AI's Demo-to-Deployment Year
- Lightspeed Venture Partners - Wikipedia
- Lightspeed Venture Partners - 2026 Investor Profile - Tracxn
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Frequently asked
What is Lightspeed Venture Partners?+
Lightspeed Venture Partners, a multi-stage VC firm, was founded in 2000 and is headquartered in Menlo Park, California. In December 2025, it closed more than $9 billion across six new funds — the largest raise in its 25-year history — bringing total AUM above $40 billion.
Where is Lightspeed Venture Partners headquartered?+
Lightspeed Venture Partners is headquartered in Menlo Park, United States.
When was Lightspeed Venture Partners founded?+
Lightspeed Venture Partners was founded in 2000 by Barry Eggers, Peter Nieh, Ravi Mhatre.
What sectors does Lightspeed Venture Partners invest in?+
Lightspeed Venture Partners focuses on generalist, enterprise, consumer, ai, fintech, healthcare. They primarily invest in these sectors.
How do I prepare for a meeting with Lightspeed Venture Partners?+
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