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Lightspeed raises over $4 billion to support entrepreneurs amid coronavirus threat

Published 2020-04-14, 11:02 a/m
SNAP
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(Reuters) - Lightspeed Venture Partners said on Tuesday it raised more than $4 billion for three new funds to support early and growth stage entrepreneurs even as the coronavirus outbreak threatens the global economy.

The California-based venture capital firm's announcement https://bwnews.pr/3emAJvm coincides with companies across the globe preparing to brace for an imminent economic downturn caused by the pandemic.

Lightspeed has historically been an early-stage investment firm and was the first outside investor in Snap's (N:SNAP) messaging app Snapchat.

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