Lightspeed China Partners closes new Opportunity Fund at $1.5b

China-focused venture capital firm Lightspeed China Partners (LCP) has closed a new fund at $1.5 billion to further expand investment scope to cover growth-stage companies in consumer internet, high-tech and corporate service industries.

The new vehicle, dubbed “Lightspeed Opportunity Fund,” will primarily invest in LCP’s existing portfolio firms, while looking at investment opportunities in growth and late-stage enterprises who are leading players in various segments. The fund will write cheques between $50 million and $100 million.

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