Wen Yi Chen Zhiyan

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36Kr learned that Lightspeed China announced today that it has completed the raising of a new fund of 920 million US dollars, with the total fund under management reaching 3 billion US dollars. The new dollar fund includes early-stage fund and growth fund, which is the largest fundraising scale since the independent operation of 20 1 1 institution.

The fundraising of Lightspeed China took only three months from the beginning to the end, and it was greatly oversubscribed. Compared with the previous issue, the scale of 6120,000 has been greatly improved. According to 36Kr, in the first half of this year, domestic dollar financing was hot and normal.

A number of head funds and vertical funds have recently completed large-scale over-raising.

While raising funds, Lightspeed also announced the 2.0 brand that will be launched in the future: Lightspeed Photosynthesis. In this regard, Yan Qun, the founding partner of Lightspeed China, said that the superposition of lightspeed and photosynthesis means that the innovation and speed of the fund are unchanged in the growth gene, and the development has evolved to seek high-quality green sustainable investment. "Photosynthesis is an important mechanism of carbon cycle in the ecosystem. We hope that in the future, under the speed of light, China will have "photosynthesis" with entrepreneurs and the society, support innovation, and achieve more enterprises to promote the positive development of society.

However, with the completion of fund raising, it is worth noting that the new Lightspeed Fund has also completed a major personnel adjustment: the former assistant partners Jia Zhu, Gao Jiankai and Wang Guodong were promoted to partners, and new partners Cai Wei and Jian Sun politicians were introduced from outside. In other words, this institution has added five partners in one fell swoop.

Cai Wei and Sun Jian are politicians brought in from outside. The former has 65,438+03 years experience in venture capital and 8 years experience in related industries. Previously, he was in charge of strategic investment in early technology investment and hard technology in Alibaba. Sun Jian politician 1 1 year investment experience in early and growing period, 8 years experience in related industries. Prior to this, he invested in Huaxing New Economic Fund and TMT.

The other three partners-Jia Zhu, Gao Jiankai and Wang Guodong joined Lightspeed China on 20 19, 2020 and 20 16 respectively. The three focus on hard technology and green technology; Medical technology and enterprise services; Enterprise service and industrial internet upgrade.

Guangsu China official website Information

36Kr learned that before Lightspeed China, there were only two founding partners, Mi Qun and Han Yan, and the new partners mainly corresponded to different investment fields. According to the new partner information of Lightspeed China official website, the founding partner Han Yan is still in IC, but his profile has been moved to the last page of the team introduction, showing that he is a partner of LCP III/IV, LCP Selecti and RMBI.

Regarding the new force in the team, Yan Qun said: "Our organizational culture is the partner culture of teamwork. /kloc-the biggest feeling in 0/0 is that to really do a good job in venture capital, especially in the early stage, the overall ability of the whole team is very high, not only to do a good job in all aspects, but also to cross the cycle.