Lightspeed China Partners Closes Two Funds Totaling $920 Million

Shanghai – December 9, 2021 – Cooley advised Lightspeed China Partners on the closing of Lightspeed China Partners V and Lightspeed China Partners Select II at $460 million each, marking the largest fundraising rounds in Lightspeed China Partners’ history. Cooley partners Jordan Silber and Jingyi Xu led the Cooley team advising Lightspeed China Partners on the closings.

The new funds, covering early-stage investments from Fund V and emerging growth-stage investments from Select II in China, will focus on sectors including greentech, deep technology, enterprise technology, healthtech and consumer.

“The funds’ oversubscription is evidence of the strong support garnered from returning and new institutional limited partners across the US, Europe and Asia,” James Mi, founding partner of Lightspeed China Partners, said in a news release. “As our society is facing the significant challenges of climate change and inequality, we believe it is important to focus on startup companies with innovative products and services that can bring positive impact to the world.”

Lightspeed China Partners is a leading China-focused venture capital firm serving entrepreneurs as a lead investor in early-stage and emerging growth companies. Through its offices in Shanghai, Beijing and Hong Kong, Lightspeed China Partners manages $3 billion of committed capital across eight USD funds and one RMB fund.

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