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Laxman Pai, Opalesque Asia: The New York-based venture capital Left Lane Capital collected $1.4 billion for a new fund to back young internet- and consumer technology companies.
The growth investor wrapped up its second fund, Left Lane Capital Partners II LP, with more than double the $630 million it raised for its debut vehicle in 2020.
"Left Lane's oversubscribed funds demonstrate a strong conviction in their thesis - that the future of the global consumer and worker economy will be defined by the continued and accelerating penetration of digital-first platforms. Left Lane is led by four Managing Partners: Harley Miller, Dan Ahrens, Jason Fiedler, and Vinny Pujji, representing one of the youngest teams to raise a fund of this magnitude," said a press release from the global venture capital firm.
"From your morning cup of coffee to your virtual 1-on-1 tutoring, to long-term financial wealth management - every dollar of spend, whether in the household or the workplace, is being addressed by digital-first solutions," said Harley Miller, CEO and Managing Partner of Left Lane.
Harley added: "To unlock this opportunity, our investment strategy is uniquely rooted in a data-centric approach, proprietary sourcing capabilities, and an unyielding commitment to a true partnership with entrepreneurs. We're not just investors, but also builders, leveraging the market expertise of our team to accelerate businesses with more precision than generalist firms. It is a p...................... To view our full article Click here
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