Lightspeed China raises $920m

Lightspeed China Partners closed two funds with a total of $920 million -- the largest fundraise in the Shanghai firm’s history.

Lightspeed China Partners V and Lightspeed China Partners Select II closed with $460 million each. Both funds cover key growth technology areas including green tech, deep tech, enterprise tech, health tech and consumer sectors.

Fund V is focused on early stage investments, while Select II will focus on emerging growth stage investments in China.

The $3 billion venture capital firm has also hired two new partners – Wie Cai, who was responsible for . . .

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