(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 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 (SNAP.N) messaging app Snapchat.
Reporting by Amal S in Bengaluru; Editing by Bernard Orr
Our Standards:The Thomson Reuters Trust Principles.
Source Reuters Tech News
Source link
