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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......................

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