Lightspeed China Partners, an investor of Chinese food giant Meituan and e-commerce platform Pinduoduo, has held the final close of two new funds at $920 million to make early-stage and emerging growth-stage investments in China.
As its largest fundraising size to date, Lightspeed China reached the final close of Lightspeed China Partners V, a flagship fund that focuses on early-stage investments, and Lightspeed China Partners Select II, which mainly invests in growth-stage companies.
