Lightspeed Venture Partners has raised a big new fund with $950 million in it.

Other venture firms with an eye on early-stage startups have been bringing on new money recently, as well. Take True Ventures and Accel Partners. Andreessen Horowitz has reportedly been raising a new fund. And Founders Fund just capped off a new $1 billion fund.

Lightspeed has most recently been making deals with its $675 million Lightspeed IX fund, which was aimed at “early- and expansion-stage investments in the consumer, enterprise technology, and cleantech markets,” according to Lightspeed’s website.

Lightspeed portfolio companies include IPO candidate and application-performance management player AppDynamics, Hadoop distribution vendor MapR, and business-intelligence startup ThoughtSpot. GrubHub and Snapchat are also Lightspeed companies.

Barry Eggers, a partner at Lightspeed, has been particularly interested in the Internet of things. And partner Tim Danford, who came aboard last year, has shown interest in how the bring-your-own-device (BYOD) trend will play out inside companies.

A Lightspeed spokesperson did not immediately respond to a request for comment.

Lightspeed, based in Menlo Park, Calif., has offices in Beijing, Shanghai, New Delhi, and Herzliya Pituach, Israel. The firm was founded in 2000.


Get more stories like this on TwitterFacebook

Lightspeed Venture Partners is a leading global venture capital firm that manages over $2 billion of capital commitments. We closed Lightspeed VIII, an $800 million fund, in early 2008. Over... All Lightspeed Venture Partners news »

Track Lightspeed Venture Partners's Landscape to stay on top of the industry. Access the entire ecosystem, track innovation & deals. Learn more.