KUALA LUMPUR, Sept 18 -- Multi-stage venture capital firm, Lightspeed Venture Partners (Lightspeed) has launched its Southeast Asia operations.
Headquartered in Singapore, Lightspeed will partner and support the region’s bold entrepreneurs building disruptive companies and deploy capital for its Southeast Asian investments from its global funds, where it has previously announced having raised US$4 billion, this year. (US$1 = RM4.122)
The firm has already invested in the region across regional super-app Grab; social commerce platform Chilibeli; B2B marketplace app Ula; and enterprise artificial intelligence software provider NextBillion.ai, among others.
“Southeast Asia is undoubtedly, one of the fastest-growing innovation ecosystems and we look forward to building deep, long-lasting relationships with founders and the broader tech community,” said Lightspeed Venture Partners, Founder and Managing Director, Ravi Mhatre.
Lightspeed will steer its Southeast Asian activities from its Singapore regional office. Its Southeast Asia team includes talent from around the region with a robust mix of operating and investing experience in regional unicorns and multinational firms.
According to a statement, the Southeast Asia team comprises Partner, Akshay Bhushan; Partner, Bejul Somaia; Vice-President, Pinn Lawjindakul; and, Senior Investment Associate, Marsha Sugana.
Over the last 20 years, Lightspeed has helped entrepreneurs in diverse industries scale into multi-billion-dollar companies including Snap (US), Nutanix (US), Pinduoduo (China), Manbang group (China), Grab (Asia), OYO Rooms (India), Udaan (India) and Byju’s (India).
-- BERNAMA
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