Lead Edge Capital announces $1.95 billion for VI fund

NEW YORK & SANTA BARBARA, Calif.–(BUSINESS WIRE)–Peak Capital, a growth-stage, technology-focused investment fund, today announced the closing of Fund VI. The new fund was oversubscribed, with more than $1.95 billion in commitments from Lead Edge’s extensive network of more than 500 sponsors and institutions.

LEC will target equity investments of between $15 million and $200 million per portfolio company from Fund VI and will continue to focus on investing primarily in private companies, with a flexible mandate that also allows for investments in companies open. The addition of Fund VI brings the company’s total capital raised since inception to $5 billion.

An investor in companies such as Toast, Alibaba Group, Delivery Hero, Duo Security, Grafana, Spotify, Benchling and Wise, LEC invests in growth-stage software, internet, consumer and technology services companies globally. LEC has participated in recent notable funding rounds for companies such as Workiz, LaunchDarkly, ID.me, Material Bank, Hinge Health, Copado, SafeSend, Yousign, etc. Since its inception in 2009, the company has had over 50 exits, with recent liquidity events including FIGS (IPO), Asana (Direct Listing), Bumble (IPO), and Signal Sciences (Acq. by Fastly).

“With the help of our dedicated LP base, we’ve taken an innovative and hands-on approach to supporting founders and differentiating ourselves,” said Mitchell Green, Founder and Managing Partner of Lead Edge Capital. “Fund VI will be an extension of this strategy, continuing to drive results for portfolio companies and building a network of global leaders to serve the next generation of software, internet and consumer services companies.”

LEC’s LP Network is made up of more than 500 accomplished executives and entrepreneurs who have built, led and invested in some of the most successful companies in the world. Lead Edge LPs leverage their extensive networks and deep knowledge bases to assist portfolio companies throughout the investment lifecycle. Sponsors come from companies such as Charles Schwab, Capital One, Disney, NetSuite, Colgate-Palmolive, eBay, Microsoft, Xerox, Unilever, Google, Cisco, Saks, Autodesk, Intuit, ESPN and many more.

“Not only is the Lead Edge Capital team well-connected, but they’re also ready and willing to roll up their sleeves and do whatever they can to help their portfolio companies,” said Dug Song, former CEO. from Duo Security. “I had the opportunity to work with the team from 2015 as Founder – moving quickly into 2022, I look forward to working alongside the team as LP and providing their portfolio companies the same level of advice we received at Duo.”

About Lead Edge Capital:

Lead Edge Capital is a growth-stage investment fund with $5 billion in capital raised since inception, and portfolio companies in the internet, software, consumer and technology services industries – including Alibaba Group, Asana, Bazaarvoice, Benchling, Duo Security, Signal Sciences, Spotify, Toast and Wise. Lead Edge Capital offers its entrepreneurs flexible capital and deep domain expertise through its strong network of Limited Partners, a global advisory group of leading executives, entrepreneurs and dealmakers who have built and led some of the most successful companies. most prosperous in the world. Lead Edge Capital leverages its LPs to connect businesses with the customers, partners, talent and advisors needed to accelerate success. Lead Edge Capital was founded in 2009 and has offices in New York and Santa Barbara, California.

Comments are closed.