Fund VI closed at USD1.95 Billion by Lead Edge Capital, a Montecito CA- and NYC-based technology-focused investment fund.
The new fund received commitments from Lead Edge’s expansive network of over 500 limited partners and institutions. The addition of Fund VI brings the firm’s total capital raised since inception to $5 billion.
LEC is a global investment firm that invests in software, internet, consumer and tech-enabled services businesses. Mitchell Green is the Founder and Managing Partners. The firm plans to make equity investments in portfolio companies between $15 million- $200 million from Fund VI. It will keep its primary focus on private companies and have a flexible mandate that allows for public company investments.
Toast, Alibaba Group (Delivery Hero), Duo Security and Grafana are just a few of the companies that the firm has invested in. It has participated in round including LaunchDarkly (ID.me), Material Bank (Hinge Health), Copado, SafeSend and Yousign.
Lead Edge, founded in 2009, has experienced over 50 exits. Recent liquidity events include FIGS, Asana (Direct Listing), Bumble(IPO), Signal Sciences, and Acq. by Fastly