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Lightspeed Venture Partners

Lightspeed Venture Partners

Venture Capital

Lightspeed Venture Partners operates as a global multi stage venture capital firm investing in enterprise, consumer, and health sectors.

Portfolio

13

companies

AUM

£10500M

under management


Portfolio companies

CuspAI

CuspAI

CuspAI develops an artificial intelligence platform to accelerate the discovery of new materials.

Enable

Enable

Enable provides a software platform for managing commercial rebate programmes.

Bonnet

Bonnet

Electric vehicle charger aggregator app simplifying public charging access.

Stability AI

Stability AI

Stability AI builds open-source artificial intelligence models for image, language, audio, video and 3D use cases.

Multiverse

Multiverse

Multiverse provides professional apprenticeships and alternative pathways to higher education and tech careers.

V

Virtualtrips

Virtualtrips operates an interactive livestreaming platform for virtual travel and cultural tours.

A

AudioMob

AudioMob develops non-intrusive in-game audio advertising technology for mobile games.

Matillion

Matillion

Matillion offers a data productivity platform designed to prepare cloud data for analytics and artificial intelligence.

Tripledot Studios

Tripledot Studios

Mobile games developer creating data driven titles.

B

Blockchain

Blockchain provides cryptocurrency products and services for consumers and institutions globally.

B

Blockchain.com

Blockchain.com provides a digital asset wallet and institutional cryptocurrency marketplace.

Wintermute

Wintermute

Wintermute provides algorithmic liquidity across digital asset markets.

WhiteHat

WhiteHat

WhiteHat builds an apprenticeship platform connecting non-graduate talent with leading employers.


Team

Nakul Mandan

Nakul Mandan

Partner

Nakul brings venture capital experience from Audacious Ventures and Lightspeed Venture Partners. He also serves as a board member and lead investor at Multiverse and People.ai.

LinkedIn
JL

Jeremy Liew

Partner

Rytis Vitkauskas

Rytis Vitkauskas

Partner

Rytis brings venture capital experience from roles at DIG Ventures and Lightspeed Venture Partners. He also holds advisory and board positions across several technology companies.

LinkedIn
PM

Paul Murphy

Partner

GG

Gaurav Gupta

Partner

AM

Arsham Memarzadeh

Partner


Recent investments

Seed
£23.6M

The seed round was led by Hoxton Ventures with participation from Basis Set Ventures and Lightspeed Venture Partners.

"The Fundamental AI Research (FAIR) team is looking forward to collaborating with CuspAI in their use of AI, including our OpenDAC work, to accelerate the discovery of novel DAC sorbent materials. The world needs fast progress on affordable carbon capture, and we believe that CuspAI’s team is in an excellent position to apply AI-based materials discovery to this pressing problem."
— Yann Le Cun
Series D+
£98.0M

The series D round values the business at $1.1bn and featured backing from Menlo Ventures, Norwest Venture Partners, Insight Partners, and Sierra Ventures.

"By helping the market to understand how to strategically use rebates for growth, and by demonstrating the financial outcomes our customers are achieving, we’re bringing to light what effective rebate management can deliver. Our customers average a 4x return on investment, save more than 40 hours a month, and can immediately return $300,000 or more. With this round of funding, we will drive even more financial outcomes for companies that are feeling the crunch of the supply chain and wanting to invest in their growth and partnerships."
— Andrew Butt, Co-founder and CEO
Series D+
£175M

The financing round was co-led by StepStone Group, Lightspeed Venture Partners, and General Catalyst to scale apprenticeship programmes.

"Mandating degrees, and making admissions officers the gatekeepers for great careers, means leaving out thousands of talented individuals,"
— Euan Blair, CEO and founder
Series A
£10.3M

The Series A round was led by Makers Fund and Lightspeed Venture Partners to support team expansion and technology development.

"We’re thrilled to see investors’ excitement for AudioMob’s vision for long term success and our future. We’re on the precipice of innovating a whole industry with audio and now we’re able to build out our tech and team to ensure we’re disrupting the industry in the right way and ensure we eventually become a future tech industry unicorn."
— Christian Facey, CEO
Seed
£108M

General Atlantic led the Series E financing round to support the company growth.

"Enterprises need to effectively close information gaps by rapidly transforming operational data into analytics-ready datasets that fuel business intelligence, AI, and ML innovation,"
— Matthew Scullion, CEO and Co-founder
Series D+
£72.2M

Lightspeed Venture Partners led the Series D round, which included participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Silicon Valley Bank UK Branch.

"Modern data teams are facing an influx of data from across the enterprise, while under immense pressure to rapidly deliver the actionable insights required to compete in today's digital economy,"
— Matthew Scullion, CEO and Co-founder
Series B
£14.6M

The algorithmic liquidity provider has raised £14.6m in a Series B round led by Lightspeed Venture Partners with participation from Pantera Capital.

"Wintermute has grown almost 25x since Lightspeed led the company’s Series A round just six months ago. That rarely happens! We are excited to continue supporting Wintermute and their ambitious expansion plans going forward,"
— Jeremy Liew, Partner
Series A
£12.8M

The Series A round was led by Index Ventures with participation from Lightspeed Venture Partners and Salesforce Ventures.

"Today, if you want a great career the assumption is you go to university, but spiralling costs of higher education, lack of diversity in leadership positions, and a major global skills gap in digital and tech are all evidence that this model isn’t working,"
— Euan Blair, Co-founder and CEO