VC Firm Raises $1.8 Billion for Startup Investments Including Cryptocurrency

2018-7-12 07:00

Lightspeed Venture Partners, a venture capital (VC) firm and early investor in Snap Inc., has raised $1.8 billion for startup investments including cryptocurrency projects.

As it eyes a business expansion to Southeast Asia, where the digital currency ecosystem thrives like no other region, the VC player is likely to fund a number of promising cryptocurrency products there.

Snapchat Investor Lightspeed Has Billion Dollar Wallet to Invest in Cryptocurrency Projects

The early backer of Snapchat’s creator Snap is having approximately $1.05 billion of the $1.8 billion new funding earmarked for a separate fund to invest in more mature companies, instead of its traditional approach of funding early-stage firms.

The company’s upcoming expansion to Southeast Asia will include investments in cryptocurrency, among other areas such as biotechnology and new TV streaming services, according to partners at Lightspeed, who added they will have to invest repeatedly in companies they already backed as startups stay private for longer.

“That trend has only been increasing over time, and as a result, our funds have been getting bigger over time as well,” said partner Jeremy Liew.

Lightspeed hired a new partner, ex-Insight Venture Partners Brad Twohig, to help lead the firm’s growth investments. Lightspeed has returned $2.7 billion to investors since the start of 2017, which has become an uncommon scenario among the VC industry as venture-backed tech companies increasingly delay their initial public offerings (IPOs).

In the last five years, Lightspeed-backed companies have held 17 IPOs, about half of which have occurred since the start of 2017, including messaging app Snapchat.

“If you point to one moment in time for the firm it was probably the Snap IPO. But really, it’s a decade of hard work and it all came to fruition at the same time.”

Lightspeed Venture Partners are no strangers to blockchain and the cryptocurrency market. Jeremy Liew said last year that demand for Bitcoin et al. will continue to grow as the world continues to move towards instability, in terms of geopolitics and military interventions. Citizens will eventually look for alternatives to official currencies, especially in countries in the Middle East, South America, and Eastern Europe, where political instability and inflation are common.

Lightspeed has recently invested in the ICO of Telegram, which raised more than $1.7 billion in its presale. Due to its massively successful presale, Telegram revealed that it will no longer initiate a public ICO. Lightspeed Ventures made its first token investment ever when it backed Basis in April 2018. Developed by Intangible Labs and backed by other big names such as Andreessen Horowitz, Bain Capital Ventures, and Google Ventures, Basis is a stable coin that will be built on the Ethereum blockchain.

Featured image from Shutterstock.

The post VC Firm Raises $1.8 Billion for Startup Investments Including Cryptocurrency appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.00229382 (-100%)

cryptocurrency investments startup firm billion venture raises

cryptocurrency investments → Результатов: 97


Фото:

Cryptocurrency and Cannabis: Risky Investments with a Twist

While classifying investments based on growth potential and risks, investors tend to cluster cryptocurrency, cannabis, and biotech together. While cryptocurrency has several more dimensions of risk, Rob Wertheimer of Melius Research gave a strong point of difference between cannabis and cryptocurrency in an interview with Yahoo Finance, June 11, 2019.

2019-6-12 17:00


Фото:

Find Out If You’re Addicted To Crypto Investment, Here

A few months ago, a hospital in Scotland broke headlines for being the first medical establishment to recognise cryptocurrency addiction. The gambling addiction unit at Castle Craig Hospital now include addiction to cryptocurrency investment as a part of their treatment programmes after realising that the industry can nurture some potentially damaging addictive behaviour.

2018-7-9 17:30


Фото:

In profile — The Top 10 VC firms investing in blockchain

According to Crypto Fund Research, these are the 10 most important and influential venture capital companies investing in blockchain and cryptocurrency companies — ranked according to four key criteria: value of total blockchain investments, total number of blockchain investments, length of blockchain investment experience, and level of investment activity in the last 12 months

2018-7-8 18:01


Blackwell Global: Trade 15 Different Cryptocurrencies Platform?

What Is Blackwell Global? Blackwell Global is a cryptocurrency exchange that is based in the United Kingdom and owned by Blackwell Global Investments Limited. The company can be used for trading 15 different types of cryptocurrencies and as an educational portal that can have all the information that you need to learn how to trade better. […]

2018-7-8 11:44


Survey Shows 40% of Canadians Have Sold Their Cryptocurrency

A recent study investigating the investments habits of Canadians found that 40% of Ontario’s resident investors have sold their cryptocurrency holdings. 40% of Ontario Investors Have Sold their Crypto Holdings The study put out by the Ontario Securities Commission (OSC) was conducted to measure the habits of those invested in cryptocurrency as well the level.

2018-7-3 15:30


Фото:

Indian Exchange Says Women More Bullish on Cryptocurrency Than Men

Women in India are making larger individual investments in cryptocurrencies compared to men, according to one local exchange. However, men are leading the charge when it comes to sheer numbers. Women are Bigger Spenders Women have turned out to be the bigger spenders in India when it comes to cryptocurrency investments, according to a recent survey conducted by BuyUcoin – a local cryptocurrency exchange.

2018-6-29 07:00


KaratGold Coin (KBC) Gets Enlisted on HitBTC Following One the Biggest ICO’s ever in History

KaratGold Coin (KBC), a game changing cryptocurrency representing cryptonized gold that can be transferred cost efficiently, securely and in real-time across borders, is now listed in HitBTC. A venture from KaratBars International, KaratGold Coin has recently completed a highly successful ICO that secured investments worth over one hundred million USD.

2018-6-26 08:27


KaratGold Coin (KBC) Gets Enlisted on HitBTC Following One the Biggest ICO’s ever in History

KaratGold Coin (KBC), a game changing cryptocurrency representing cryptonized gold that can be transferred cost efficiently, securely and in real-time across borders, is now listed in HitBTC. A venture from KaratBars International, KaratGold Coin has recently completed a highly successful ICO that secured investments worth over one hundred million USD.    June 25, 2018 KaratBars International […]

2018-6-26 05:14


Investment App Robinhood, Which Recently Opened Up Crypto Investing to Users, in Talks With US Officials to Obtain Banking License

According to sources obtained by Bloomberg. com, personal investment app start-up Robinhood (which allows crypto investments also) has begun discussions around obtaining a banking license from the US Office of the Comptroller of the Currency (OCC), which would allow the Menlo Park company to expand its offering to customers significantly.

2018-6-23 14:23


Billionaire Ethereum Creator Bullish on Chinese Blockchain Projects Qtum and VeChain

Ethereum co-founder is looking to China for his next big investments, likes Qtum and Vechain and still believes strongly in Bitcoin. Shopping for Bargains Anthony Di Iorio who currently runs Decentral an “Innovation Hub” in Toronto which focuses on blockchain projects and is the creator of the Jaxx cryptocurrency wallet made his money as an.

2018-6-22 08:55


Фото:

The Rich are Getting Richer, But Still Don’t Get Cryptocurrency

The Capgemini World Wealth Report 2018 has revealed the rich are getting richer — and want better advice from their wealth managers on cryptocurrency investments.   According to the report published June 19, 2018, high net worth individuals (HNWIs), with at least $1 million to invest outside of their main property investments, aren’t getting enough information about cryptocurrency investing from their wealth managers.

2018-6-20 11:00


PR: GIN Hits Three Milestones in One Week – Cryptopia Listing, PIVX Addition and Investor Dashboard Debut

The still young GINcoin cryptocurrency continues its ascension in the crypto market. With its rapid development, the project is ticking three important boxes last week: getting listed on Cryptopia, adding PIVX to the turnkey masternode deployment platform, and launching an all-in-one Investor Dashboard, where masternode owners can keep a close eye on all of their masternode investments.

2018-6-19 20:30