Lead Edge Capital, a Montecito, CA- and NYC-based technology-focused progress stage funding fund, closes Fund VI, at USD1.95 billion.
The brand new fund acquired commitments from Lead Edge’s expansive community of over 500 restricted companions and establishments. The addition of Fund VI brings the agency’s whole capital raised since inception to $5 billion.
Led by Mitchell Inexperienced, Founder and Managing Associate, LEC invests in growth-stage software program, web, client, and tech-enabled service companies globally. The agency will goal making fairness investments of between $15 million and $200 million per portfolio firm from Fund VI and proceed its concentrate on investing primarily in personal firms, with a versatile mandate that additionally allows public firm investments.
The agency has invested in firms comparable to Toast, Alibaba Group, Supply Hero, Duo Safety, Grafana, Spotify, Benchling, Clever. It has additionally participated in rounds together with Workiz, LaunchDarkly, ID.me, Materials Financial institution, Hinge Well being, Copado, SafeSend, Yousign, and extra.
Since its founding in 2009, Lead Edge has had over 50 exits, with latest liquidity occasions together with FIGS (IPO), Asana (Direct Itemizing), Bumble (IPO), and Sign Sciences (Acq. by Fastly).