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Venture Capital
lightspeedcp.com

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Investments

241

Portfolio Exits

20

Funds

9

About Lightspeed China Partners

Lightspeed China Partners (LCP) is a venture capital firm focusing on early-stage investments in Internet, mobile, services and enterprise solution companies in China. In addition, LCP offers international value-added capabilities through its relationship with Lightspeed Venture Partners (LSVP).

Lightspeed China Partners Headquarter Location

22/F, Suite 2207 Platinum Building 233 Tai Cang Road, Huang Pu District

Shanghai, Shanghai, 200020,

China

+86 (21) 5386-6500

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Expert Collections containing Lightspeed China Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Lightspeed China Partners in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

113 items

N

New Retail Formats

11 items

Companies offering automated checkout solutions for retailers or operating cashless, cashier-free retail stores.

Research containing Lightspeed China Partners

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Lightspeed China Partners in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Lightspeed China Partners News

Smart Automation Firm Laiye Secures $160M in Round-C Financing to Accelerate Global Rollout

Apr 19, 2022

(Source: Laiye) Intelligent automation company Laiye announced Tuesday its completion of round-C financing totaling $160 million , following the latest tranche of $70 million led by HOPU Magnolia. Other investors include VMS Group and Youshan Capital, with existing investors such as Lightspeed China Partners and US-based Lightspeed Venture Partners also participating in this round. The funds will reportedly be used mainly to expand its global market, conduct in-depth research of intelligent automation platforms, and strengthen the construction of global developer ecology and partner ecology. Founded in 2015, the company first made intelligent assistant products and services with self-operated modes, also launching a robot named “Xiaolai.” At the beginning of 2017, it launched the “Wulai” dialogue robot platform for enterprise customers, which is applied in retail, business travel, education, finance and other industries. In the past three years, Laiye’s revenue has maintained high-speed growth of 120%, and has served more than 200 top-500 enterprises, more than 200 governmental departments and thousands of small and medium-sized enterprises, covering power, banking, insurance, communication, retail and other industries. At the same time, Laiye has set up an overseas team of more than 100 people, distributed across 15 countries in Southeast Asia, Europe and the Americas. It recently acquired Mindsay, a French dialogue AI startup, to establish a brand-new European R&D center in Paris. Laiye is also committed to copying the successful experience of over 600,000 partner communities in China to all parts of the world, so that more enterprises can enjoy the benefits brought by the intelligent automation platform. Wang Guanchun, Chairman and CEO of Laiye said: “Laiye has made great strides in expanding its success in China to the Asia Pacific, the Americas and EMEA. We decided to take the European market as the base to make key breakthroughs for large enterprises. It is estimated that in 2025, more than half of Laiye’s revenue will come from overseas markets.” The latest developments and technical updates regarding Laiye’s intelligent automation platform will be disclosed in detail at the “LAIYE LEAD” product launch conference on April 26.

Lightspeed China Partners Investments

241 Investments

Lightspeed China Partners has made 241 investments. Their latest investment was in Laiye as part of their Series C - III on April 4, 2022.

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Lightspeed China Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/19/2022

Series C - III

Laiye

$70M

No

7

4/7/2022

Seed VC - II

Yunsilicon

Yes

5

4/6/2022

Series A - II

METiS Therapeutics

$64M

No

3

2/18/2022

Seed VC

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$99M

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10

2/9/2022

Series B - II

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10

Date

4/19/2022

4/7/2022

4/6/2022

2/18/2022

2/9/2022

Round

Series C - III

Seed VC - II

Series A - II

Seed VC

Series B - II

Company

Laiye

Yunsilicon

METiS Therapeutics

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Amount

$70M

$64M

$99M

New?

No

Yes

No

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Co-Investors

Sources

7

5

3

10

10

Lightspeed China Partners Portfolio Exits

20 Portfolio Exits

Lightspeed China Partners has 20 portfolio exits. Their latest portfolio exit was Manbang Group on June 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/22/2021

IPO

$99M

3

3/16/2021

IPO

$99M

2

8/27/2020

IPO

$99M

4

7/9/2020

Acquired

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10

11/1/2019

IPO

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$99M

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10

Date

6/22/2021

3/16/2021

8/27/2020

7/9/2020

11/1/2019

Exit

IPO

IPO

IPO

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

2

4

10

10

Lightspeed China Partners Fund History

9 Fund Histories

Lightspeed China Partners has 9 funds, including 美元新基金 (New USD Fund).

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/30/2021

美元新基金 (New USD Fund)

$920M

3

11/30/2021

Lightspeed China Partners Select II

$99M

10

11/30/2021

Lightspeed China Partners V

$99M

10

12/17/2019

Lightspeed China Partners Select I

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$99M

10

1/3/2019

Lightspeed China Partners IV

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$99M

10

Closing Date

11/30/2021

11/30/2021

11/30/2021

12/17/2019

1/3/2019

Fund

美元新基金 (New USD Fund)

Lightspeed China Partners Select II

Lightspeed China Partners V

Lightspeed China Partners Select I

Lightspeed China Partners IV

Fund Type

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Status

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Amount

$920M

$99M

$99M

$99M

$99M

Sources

3

10

10

10

10

Lightspeed China Partners Team

3 Team Members

Lightspeed China Partners has 3 team members, including current Founder, Managing Director, Ron Cao.

Name

Work History

Title

Status

Ron Cao

Founder, Managing Director

Current

Herry Han

Founder

Current

James Mi

Managing Director

Current

Name

Ron Cao

Herry Han

James Mi

Work History

Title

Founder, Managing Director

Founder

Managing Director

Status

Current

Current

Current

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