Posts filtered by tags: Lightspeed[x]


Abstract raises $20 mln

Abstract said March 20 that it raised $30 million in Series C funding led by Lightspeed Venture Partners. Existing investors Scale Venture Partners, Amplify Partners, and Cowboy Ventures participated in the round. Abstract provides a design workflow platform that supports modern product design teams. PRESS RELEASE SAN FRANCISCO, March 20, 2019 /PRNewswire/ — Abstract, the git-enabled design workflow platform that already supports thousands of modern product design teams, has raised $30M in Serie...
Tags: San Francisco, Trends, Lightspeed Venture Partners, Lightspeed, Opentable, SAML, VC Deals, Josh Brewer, Nakul Mandan, Josh Kevin, Lightspeed Venture Partners Existing, Nakul Mandan Partner, Kellen Mannion

Blameless raises $20 mln

Blameless said March 20 that it raised $20 million in funding from Lightspeed Venture Partners and Accel, as well as strategic investors. Blameless is a site reliability engineering company. PRESS RELEASE SAN MATEO, Calif. – March 20, 2019 – Blameless, the SRE (Site Reliability Engineering) company, today announced that it has raised $20 million in seed and Series A funding from top VC firms Lightspeed Venture Partners and Accel, and strategic investors. The company will use the funding to deliv...
Tags: Microsoft, Yahoo, Trends, Lightspeed Venture Partners, Accel, Lightspeed, San Mateo Calif, Mulesoft, VC Deals, SRE, Ravi Mhatre, Vas Natarajan, Ashar Rizqi, COO Lyon Wong, SRE Site Reliability Engineering, Lyon Wong COO

Abstract, a versioning platform that helps designers work like developers, raises $30M

Design and engineering are two sides of the same coin when it comes to building software and hardware, and yet — unlike engineers, who can use services like GitHub, Bitbucket, GitLab or many others to help manage their development process — it’s traditionally been slim pickings for designers when it comes to tools to manage the iterations and collaborations that are a part of their workflow. Now, we are seeing a rising wave of startups responding to that vacuum in the market. In the latest devel...
Tags: TC, Design, Enterprise, Developer, Funding, Tech, Workflow, Collaboration, Smith, TCUK, Lightspeed Venture Partners, Sdk, Invision, Lightspeed, Abstract, Kevin Smith

Firework officially launches a short-form video storytelling app, backed by Lightspeed

Facebook usage declined for the first time in a decade, while video-centric apps like TikTok are being touted as the future of social media. Entering this redefined playing field comes Firework, a fast-growing social video app whose clever trick is something it calls “Reveal videos” – a way for creators to take both horizontal and vertical video in one shot from their mobile device. Video viewers can then twist their phone as the video plays to watch from a new perspective and see more of the sc...
Tags: Facebook, Japan, Hollywood, Linkedin, Tech, Snapchat, Fox, Mountain View, Jeffrey Katzenberg, Lightspeed, Sxsw, Redwood City, Vincent Yang, Meg Whitman, Grenier, Stanford MBA

Lightspeed to Increase IPO Price, Seeking C$240 Million

The IPO could now value Lightspeed at about C$1.4 billion, the people said, though it’s unclear how many shares will be outstanding after the offering. Lightspeed initially said in February that it would seek to raise C$200 million in its IPO with plans to price its shares at C$13 and C$15 apiece. Lightspeed is expected to start trading Friday on the Toronto Stock Exchange under the symbol LSPD, the people said.
Tags: Science, Lightspeed, Toronto Stock Exchange

3 years after launching their first product, these former Cisco execs have sold their startup to Juniper for $405 million (CSCO, JNPR)

Juniper Networks is buying a startup called Mist Systems for $405 million — less than three years after Mist launched its first product. Mist makes what it calls the first artificially intelligent WiFi system for businesses.  Juniper is paying big bucks for Mist, but it gains a lot for the money: Mist was founded by two executives that helped build Cisco into a giant in the WiFi industry. Juniper Networks on Monday announced that it plans to buy Mist Systems for $405 million. Mist makes what ...
Tags: Amazon, Microsoft, US, Trends, Cisco, Juniper, Bob, Mist, Vmware, Juniper Networks, Cisco Systems, Lightspeed, Meraki, Norwest, PitchBook, Sujai Hajela

Five Tips for Ensuring Your Pop up Shop Is a Success

The internet has made it easier than ever for us to decide exactly how we want to do business. It’s so easy, as a matter of fact, that you can sell all of your products and services online without the need for a permanent brick and mortar store! However, that doesn’t mean there aren’t benefits to letting customers handle your products and see your services in action. Traditional shops are making a comeback as people don’t just want stuff—they want an experience. A pop up shop is a great way to i...
Tags: Apple, Sales, Tips, Lightspeed

8 Keys to Building a Vertical SaaS Business

Mr. Vaibhav Agrawal from Lightspeed India Partners shares his thoughts on building SaaS business. Written by Vaibhav Agrawal and Dev Khare At Lightspeed, we are fortunate to partner with Innovaccer, a leading player in healthcare software, and look forward to working closely as it marches towards a grand vision. The company has just completed a Series B financing of $35 million capital in its Series B from M12, Westbridge, and Lightspeed. The additional investment was led by M12 (formerly...
Tags: General, Obama, US, Trends, Investment, Healthcare, SaaS, Venture Capital, Silicon Valley, Ecosystem, Growth, Microsoft Ventures, Lightspeed, St Peter, MacLean, JP Morgan Healthcare Conference

Inovia collects $600 mln for funds

Canadian venture firm Inovia Capital has raised $200 million for its fourth early-stage fund. Also, the firm has raised $400 million for a new growth-stage fund. Inovia invests in tech companies. PRESS RELEASE MONTREAL, Feb. 19, 2019 — Today Inovia Capital, Canada’s premier venture firm, announced that it has accelerated its leadership position by raising a fourth early-stage fund of US $200 million, as well as a new US $400 million growth-stage fund. The firm is further expanding activities in ...
Tags: London, Disney, US, Trends, Canada, Funds, Silicon Valley, Montreal, iNovia Capital, Lightspeed, Chris Arsenault, Alphabet Google, Patrick Pichette, Inovia, Intel Google Airbnb, Inovia Capital Inovia Capital

28 Point of Sale Systems for Small Business

Choosing the right point of sale (POS) system is vital for small businesses. With the right point of sale system, small businesses can manage and control business expenses with greater proficiency, have a better understanding of what products sell best and then refine their stock accordingly, track product results and performance and engage customers and prospective customers with loyalty rewards. With a wealth of point of sale systems and software available, how does your small business choose...
Tags: Mobile, US, Sales, Intel, United States, Booker, Shopify, POS, Lightspeed, Montreal Canada, QuickBooks, Square Square, Dax Dasilva, Small Business Trends, Small Business Operations, Booker Booker

Lightspeed raises $120 mln SPV

Lightspeed Venture Partners has raised a $120 million special purpose vehicle, according to a filing with the SEC. Lightspeed SPV I-B received commitments from eight LPs. The filing is available here.  
Tags: Trends, SEC, Funds, Lightspeed Venture Partners, Lightspeed

Gifting The Gamer

With the holidays behind us, we’re in a new year and (to make an assumption you’re absolutely just like me) looking ahead to sunnier days and summer holidays. Holidays like Valentine’s Day make the winter weather a little more endurable. Of course, beyond that I’ve also got three kid’s birthdays to plan for in the year ahead. My teenager is the hardest person to buy for, or perhaps I can flip that and say he’s the easiest if one likes to simply hand over cash when at a loss on figuring out what ...
Tags: Amazon, Logitech, Frugality, Lightspeed, Valentine, Giveaways and Reviews, Logitech G Pro Wireless Gaming Mouse, PRO Wireless

Venture-backed Lightspeed files for IPO in Canada

Lightspeed POS, a Montréal-based point-of-sale solution for retailers, restaurants and e-commerce businesses, has filed a preliminary prospectus with Canadian regulators for an initial public offering. The company has not yet determined the number and price of subordinate voting shares to be sold on the Toronto Stock Exchange. BMO Capital Markets, National Bank Financial and J.P. Morgan Securities Canada are the IPO’s lead underwriters and joint bookrunners. Founded in 2005 by CEO Dax Dasilva, L...
Tags: Ipo, Trends, IPOs, Canada, United States, Montreal, Lightspeed, Lightspeed Pos, Company, United States Europe, SEDAR, Consumer/Retail, Lightspeed POS Inc, CEO Dax Dasilva Lightspeed, Morgan Securities Canada, IQ iNovia Capital and Silicon Valley Bank

Chinese e-commerce challenger Pinduoduo is raising over $1 billion more

The price of competing with e-commerce giants Alibaba and is immense. That’s evidenced by challenger Pinduoduo, commonly known as PDD, which is raising more than $1 billion in fresh capital just six months after it went public. The company announced plans to sell 37 million shares in a move that will raise over $1 billion, going potentially as high as $1.25 billion if underwriters exercise their full share purchase option. The secondary event will also see a number of existing backe...
Tags: Fundings & Exits, Ecommerce, Asia, China, Funding, Disney, Tech, E-commerce, Companies, Alibaba,, Tencent, Alibaba Group, Costco, Sequoia, Online Marketplaces

How students are founding, funding and joining startups

Shawn Xu Contributor Share on Twitter Shawn Xu is a managing partner at The Dorm Room Fund. There has never been a better time to start, join, or fund a startup as a student.  Young founders who want to start companies while still in school have an increasing number of resources to tap into that exist just for them. Students that want to learn how to build companies can apply to an increasing number of fast-track programs th...
Tags: Energy, Startups, TC, Facebook, Column, Mark Zuckerberg, Y Combinator, Business, Pinterest, Microsoft, Drew Houston, Entrepreneurship, Finance, Stanford, Ipo, Boston

Deal Alert: Score a Logitech G602 Wireless Gaming Mouse for Just $25

Take a look at your mouse. Is it old? Is it crusty? Does it go unresponsive every few minutes? Why don’t you replace that dumpy old mouse with something clean and responsive, like the Logitech G603? Right now, Amazon is selling the popular Logitech G603 wireless mouse for just $25. We’ve covered the G603 before—it’s our favorite wireless gaming mouse. It’s a comfortable, responsive mouse that can get you through an arduous gaming session or a tough work week. This premium mouse retails at $60, ...
Tags: Amazon, Crafts, Logitech, Lightspeed

Unusual Ventures appoints ex-Wealthfront president as partner

Unusual Ventures has named Andy Johns as a partner. Johns is the former president at Wealthfront. PRESS RELEASE Unusual Ventures just announced the appointment of Andy Johns, former President at Wealthfront, as Partner focused on building the firm’s consumer portfolio. Andy is the first investing partner to join the firm alongside Unusual’s founders, John Vrionis (former Partner at Lightspeed) and Jyoti Bansal (founder of AppDynamics). During his time at Facebook, Twitter, and Quora, Andy earned...
Tags: Trends, People, Wealthfront, Jyoti Bansal, Lightspeed, Unusual, Andy, Facebook Twitter, Johns, Andy Rachleff, John Vrionis, Andy Johns, Unusual Ventures, Wealthfront PRESS RELEASE Unusual Ventures, Quora Andy

A $72 billion Canadian investor is poised to start making venture-capital bets in Silicon Valley

The $72 billion Canadian pension fund OMERS is expanding into Silicon Valley to make venture investments in US startups. OMERS Ventures hired Michael Yang as a managing partner from Comcast Ventures to lead the effort. He's planning to staff up and open offices in San Francisco and Palo Alto. US venture-capital funding has been climbing, with almost $100 billion invested last year, an 18-year high. Yang is planning to invest in industries such as healthcare, transportation, and media. A huge ...
Tags: US, San Francisco, Trends, Palo Alto, Canada, Silicon Valley, Lightspeed, Comcast Ventures, Bay Area, Ontario, Yang, Felix Paul Studios, Lerer Hippeau, OMERS Ventures, Michael Yang, Uber Lyft China

Redpoint Ventures is raising another $400M to invest in Chinese companies

Redpoint Ventures is doubling down on China. The firm, headquartered in Menlo Park, has filed documents with the U.S. Securities and Exchange Commission to raise $400 million across two new China-focused funds. The firm has set a $300 million target for its second flagship China fund, a significant increase from the $180 million it garnered for its debut China fund in 2016. Redpoint is also raising a $100 million opportunity fund that will also focus on the Chinese tech startup market. Redpoi...
Tags: China, Boston, San Francisco, Tech, Silicon Valley, Redpoint, Lightspeed Venture Partners, Redpoint Ventures, Lightspeed, Bluerun Ventures, Resolute Ventures, Menlo Park, U S Securities and Exchange Commission, Wu, Hong Kong Stock Exchange, Tony Wu

A $72 billion Canadian investor is poised to start making venture capital bets in Silicon Valley

The C$95 billion Canadian pension fund OMERS is expanding into Silicon Valley to make venture investments in US startups. OMERS Ventures hired Michael Yang as a managing partner from Comcast Ventures to lead the effort. He's planning to staff up and open offices in San Francisco and Palo Alto. US venture capital funding has been climbing, with almost $100 billion invested last year, an 18-year high. Yang is planning to invest in industries like healthcare, transportation, and media. A huge Ca...
Tags: US, San Francisco, Trends, Canada, Silicon Valley, Lightspeed, Comcast Ventures, Bay Area, Ontario, Yang, Felix Paul Studios, Lerer Hippeau, OMERS Ventures, Michael Yang, Uber Lyft China, Palo Alto US

Computer vision startup AnyVision pulls in new funding from Lightspeed

While there have been a few massive surveillance startups in China that have raised funds on the back of computer vision advances, there’s seemed to be less fervor outside of that market. Tel Aviv-based AnyVision is aiming to leverage its computer vision chops in tracking people and objects to create some pretty clear utility for the enterprise world. After announcing a $27 million Series A in mid-2018, the computer vision startup is bringing Lightspeed Venture Partners into the raise, closing o...
Tags: Startups, China, Tel Aviv, Tech, Artificial Intelligence, Ai, Computer Vision, Lightspeed Venture Partners, Lightspeed, Anyvision, Recent Funding, Raviraj Jain, TechCrunch Right

Lightspeed China Partners IV raises $360 mln

Lightspeed China Partners said Jan. 2 it raised $560 million of committed capital. This includes $360 million for Lightspeed China Partners IV and $200 million for Lightspeed China Partners Select I. LCP IV will invest in early stage technology companies in China while LCP Select I will focus on growth investments in China. PRESS RELEASE SHANGHAI–(BUSINESS WIRE)–Lightspeed China Partners (LCP) announced that it has completed the final closing of fund family IV with total committed capital of $56...
Tags: China, Israel, Trends, Shanghai, Funds, Jt, Lightspeed Venture Partners, Lightspeed, LCP, PDD, Lightspeed China Partners, Lightspeed China, PPDF, Lightspeed China Partners IV, Lightspeed China Partners Select, Lightspeed China Partners LCP

Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs including two of China’s up-and-coming startups that are challenging the country’s internet establishment — they are Meituan, the super app firm that speciali...
Tags: Fundings & Exits, Asia, Twitter, Social Networks, Finance, China, India, Funding, Tech, E-commerce, United States, Alibaba, Silicon Valley, Airbnb, Alibaba Group, Lightspeed Venture Partners

Epic Games, the creator of Fortnite, banked a $3 billion profit in 2018

Epic Games had as good a year in 2018 as any company in tech. Fortnite became the world’s most popular game, growing the company’s valuation to $15 billion but it has helped the company pile up cash, too. Epic grossed a $3 billion profit for this year fuelled by the continued success of Fortnite, a source with knowledge of the business told TechCrunch. Epic did not respond to a request for comment. Fortnite, which is free to play but makes money selling digital items, has popularized the b...
Tags: Apple, Google, Android, Google Play Store, Gaming, Apps, China, Los Angeles, Tech, Smartphone, Software, Beijing, Epic, Computing, Tencent, Nintendo

What you need to know in advertising today

Dear reader: In the new year, Advertising Insider will turn into a weekly newsletter that'll take the product up a notch, with original coverage, analysis, stats, and links to the most important stories you should be reading from around the web. Today is the last day this daily newsletter will publish. Thanks for reading and Happy Holidays. Last month, Mic, a news site for millennials that had once raised $60 million and was valued on paper at more than $100 million, laid off its staff  after r...
Tags: Google, Facebook, Trends, Bloomberg, Ap, Comcast, Bangladesh, Silicon Valley, Vox Media, Publishers, Lightspeed, Lerer Hippeau, Speaking of Facebook, Cheddar Facebook

Lightspeed to raise $560 mln for two Chinese funds

Lightspeed Venture Partners has set out to raise $360 million for a fourth Chinese venture-capital fund and $200 million for a Chinese select fund, according to a pair of filings with the SEC. The firm did not report a first close on the funds. The filings are available here and here.  
Tags: Trends, SEC, Funds, Lightspeed Venture Partners, Lightspeed

Seismic nabs $100 mln Series E

San Diego-based Seismic, a provider of sales and marketing solutions, has raised $100 million in Series E funding. Lightspeed Venture Partners and funds and accounts advised by T. Rowe Price Associates led the round with participation from return backers General Atlantic, JMI Equity and Jackson Square Ventures. In addition to the funding, John W. Thompson, a venture partner at Lightspeed and chairman at Microsoft, will join Seismic’s board of directors. Source: Press Release
Tags: Microsoft, Trends, San Diego, Lightspeed Venture Partners, Lightspeed, VC Deals, Jackson Square Ventures, T Rowe Price Associates, John W Thompson, General Atlantic JMI Equity

Lightspeed is raising its largest China fund yet

Lightspeed China Partners, the China-focused affiliate of Silicon Valley-based Lightspeed Venture Partners, has set a $360 million target for its fourth flagship venture fund, according to a document filed with the U.S. Securities and Exchange Commission today. If the target is reached, the fund will be Lightspeed China’s largest yet, per PitchBook. Lightspeed China’s previous two funds each closed on $260 million. The VC raised $168 million for its debut fund in 2013. Lightspeed China is ...
Tags: Google, Startups, Asia, Twitter, China, Tech, Venture Capital, Silicon Valley, Baidu, Lightspeed Venture Partners, Lightspeed, U.S. Securities and Exchange Commission, Pinduoduo China, Lightspeed China, Lightspeed China Partners the China, David Mi

Venture-backed Lightspeed buys loyalty solution ReUp

Lightspeed, a Montréal-based cloud point-of-sale system for retailers and restaurants, has acquired ReUp, a Toronto-based customer loyalty solution. No financial terms were disclosed. ReUp has been rebranded as Lightspeed Loyalty, an app that provides a range of tools to merchants for targeting and communicating with new and existing customers. Founded in 2005 by CEO Dax Dasilva, Lightspeed raised $166 million last year in a Series D financing led by Caisse de dépôt et placement du Québec. PRESS...
Tags: Facebook, Australia, Toronto, Trends, M&a, Montreal, Lightspeed, Rochester New York, Matthew McDermott, ReUp, Lightspeed Loyalty, CEO Dax Dasilva Lightspeed, Vittorio Menswear, Romain Beiso Co, Chez Mere Grand in Montreal Quebec, Canada USA Europe

Distinguished VCs back wholesale marketplace Faire with $100M at a $535M valuation

A slew of venture capitalists known for high-profile exits — Kirsten Green of Forerunner Ventures, Keith Rabois of Khosla Ventures, Alfred Lin of Sequoia Capital and Alex Taussig of Lightspeed Venture Partners — have invested in Faire (formerly known as Indigo Fair), a 2-year-old wholesale marketplace for artisanal products. A quick glance at Faire suggests it’s a combination of Pinterest and Etsy, complete with trendy, pastel stationery, soap, baby products and more, all made by independe...
Tags: Startups, Y Combinator, Nordstrom, Pinterest, Etsy, Funding, San Francisco, Tech, Walmart, Walgreens, Venture Capital, Peter Thiel, Square, Sequoia Capital, Baby Products, Lightspeed Venture Partners