two of them were imported from outside.

Wen Yan, Chen Zhiyan

Editor | Liu Jing

36Kr learned that Lightspeed China announced today that it has completed the fundraising of a new fund of 92 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 since the independent operation of the institution in 211.

Lightspeed China's fundraising took only three months from the start to the end, and it was greatly oversubscribed. Compared with the scale of 612 million in the previous period, it has been greatly improved. According to 36Kr's understanding, the fundraising of domestic dollar funds in the first half of this year was hot and normal.

Many head funds and vertical funds have completed large-scale over-fundraising in recent days.

At the same time of fundraising, Lightspeed announced the 2. 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 light speed and photosynthesis means that the innovation and speed of the fund engraved in the growth gene remain unchanged, while the development has evolved to seek high-quality green and sustainable investment. "Photosynthesis is an important mechanism of carbon cycle in the ecosystem. We hope that in the future, China at the speed of light will have "photosynthesis" with entrepreneurs and this society, and support innovation and achieve more enterprises that promote the positive development of society.

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

Cai Wei and Sun Jian politician were introduced from outside. The former has 13 years of venture capital experience and 8 years of relevant industry experience. Previously, he was in charge of the Group's early technology investment and strategic investment in hard technology and other fields in Alibaba. Sun Jian politician has 11 years' investment experience in early and growing period and 8 years' experience in related industries. Before that, he jointly led consumption and TMT investment in Huaxing New Economic Fund.

The other three partners-Zhu Jia, Gao Jiankai and Wang Guodong joined Lightspeed China in 219, 22 and 216 respectively. The three focus on hard technology and green technology; Medical technology and enterprise services; Enterprise service and industrial Internet upgrade.

Lightspeed 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 information of new partners on Lightspeed China official website, Han Yan, the founding partner, is still in IC, but his profile has been moved to the last page of the team introduction, showing him as a partner of LCP III/IV, LCP Selecti and RMBI.

As for the new force in the team, Yan Qun said, "Our organizational culture is a partner culture of teamwork. The biggest feeling in the past 1 years is that to really do a good job in venture capital, especially in the early stage, the comprehensive ability of the whole team is very high, not only to do well in all aspects of fundraising and management, but also to cross the cycle.