Tue, Oct 27, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Technology Investor Lead Edge Capital raises $950m for the fifth fund from a whopping 500 investors

Thursday, October 15, 2020

Laxman Pai, Opalesque Asia:

Lead Edge Capital, a technology-focused venture firm raised a $950 million fund - Lead Edge Capital (LEC) V - for growth-stage technology investing, adding to the already soaring fundraising total for the sector.

Fund V was oversubscribed and closed at its hard cap, with $950 million of commitments from over 500 existing and new limited partners.

Limited Partners come from companies including Charles Schwab, Capital One, Disney, NetSuite, eBay, Microsoft, Xerox, Unilever, Cisco, Saks, Autodesk, Intuit, ESPN, and many more. Over the past year, the Lead Edge team and its LPs have facilitated more than 500 introductions to portfolio companies.

LEC V is more than 80% larger than its predecessor fund, which closed in 2018 at $520 million. The addition of Fund V brings the Firm's total capital raised since inception to over $3 billion.

Lead Edge Capital was founded in 2009 and invests in growth-stage software, internet, consumer, and tech-enabled service businesses globally. LEC will target making equity investments of between $20 million and $150 million per portfolio company from Fund V.

"Today's news comes on the heels of an active year for LEC - in the past twelve months, the Firm has made several new investments, including Azul Systems, Bumble, Copado, Essential Accessibility, Grafana Labs, Guild Education, Hinge Health, Knock, Talkdesk and Workhuman," said a press release from the software-focused growth stage investme......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Coronavirus triggers borrowing spree by private equity managers, Venture capital investments reach new high in Brazil, Private-equity giants are racing to sell assets before year-end[more]

    Coronavirus triggers borrowing spree by private equity managers From FT: Private equity managers are turning to specialist borrowing facilities to ensure their highly leveraged strategies can survive the coronavirus pandemic, but there are growing concerns that the use of these complex f

  2. What's behind Viking's strong gains[more]

    From Institutional Investor: Viking Global Investors had strong performance in its three main funds in the third quarter, bringing gains for the year into the mid-to-upper teens. The Tiger Cub hedge fund firm, co-founded by O. Andreas Halvorsen, is far outperforming the broad-market averages a

  3. PE/VC: A record number of private equity funds are in the market - but closing them won't be easy, PE firms must be prepared to face challenges across each fund vintage, Wall Street is helping private equity recycle its old assets[more]

    A record number of private equity funds are in the market - but closing them won't be easy From Institutional Investor: Although there are a record number of private equity funds in the market, they are raising money at a slower pace, delaying fund closes, according to new data from Pre

  4. SPACs: Hedge funds scoop up SPAC shares, Hedge funds surface in wave of Biopharma SPAC deals, SPAC to the future: How blank-check acquirers could reshape emerging companies' roles in public markets[more]

    Hedge funds scoop up SPAC shares From Institutional Investor: Hedge funds aren't just launching their own special purpose acquisition companies -they're also scooping up shares of these blank-check companies. Basso and Difesa have cashed in on the boom in blank-check companies. Firm

  5. Opalesque Exclusive: A.W. Jones emerging manager fund of funds passes three year milestone, up +12.61% through August[more]

    Bailey McCann, Opalesque New York for New Managers: An emerging manager fund of funds from A.W. Jones has just passed its three-year milestone and is outperforming so far this year. The fund was up 3.29% in August a