Lightspeed Raises Record $9B In Fresh Capital

Lightspeed Raises Record $9B In Fresh Capital

Lightspeed Raises $9B in Record-Breaking Fundraise Lightspeed raises $9B in fresh capital, marking the largest fundraise in the venture firm’s 25-year history and signaling renewed confidence in elite VC managers. The announcement answers a question many investors have been asking: where is institutional capital flowing after the venture downturn? The answer appears clear—toward firms with deep AI exposure, strong exit track records, and the ability to write massive checks. As IPO markets remain selective and exits scarce, limited partners are concentrating capital rather than spreading it broadly. Lightspeed’s new funds arrive at a moment when venture capital is being reshaped by artificial intelligence and capital intensity. The raise also highlights how the venture industry is quietly consolidating power among a small group of top-tier firms. For founders and LPs alike, this fundraise offers insight into where the next decade of tech investment may be headed. Credit: Eduard Muzhevsky…