Lightspeed China Partners

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Apr 1, 2022	Laiye	$70.0M Series C	—	Menlo Ventures
Feb 1, 2022	Ro	$150.0M Venture Round	—	Accel, Adverb Ventures, AME Cloud Ventures, Chloe Sladden, Basis Set Ventures, BITKRAFT Ventures, Bono, BoxGroup, Caffeinated Capital, Crosscut Ventures, Curie.Bio, Dig Ventures, Electric Capital, Emergence Capital, ENIAC Ventures, FirstMark Capital, Eric Rosenblum, Footwork, FTX Ventures, Gaingels, General Catalyst, Great Oaks Venture Capital, GSR Ventures, Hardware Club, Heretic Ventures, Highbury Group, Insight Partners, Kindred Ventures, Kleiner Perkins, Lightspeed Venture Partners, Madrona Ventures, Mayfield, Mischief Venture Capital, Moxxie Ventures, mParticle, NEO, Hilarie Koplow-McAdams, Next Play Ventures, Operator Partners, Origin Ventures, Outlander Labs, Portal Ventures, QueensBridge Venture Partners, Quiet Capital, RSE Ventures, SciFi VC, Sequoia Capital, Seven Seven Six, SignalFire, Sound Ventures, South Park Commons, Starting Line, Stellar Capital, Summit Partners, TCG (The Chernin Group), The Finger Group, Y Combinator, Aaron Levie, Asher Leids, Ben Davenport, Bill Tai, Charlie Songhurst, Drew Houston, Eric Ries, Frederic Kerrest, Jon Gelsey, Julia Hartz, Scott Belsky, Spencer Slaine, Tony Hawk, Varsha Rao, Wyc Grousbeck
Jan 1, 2022	MKSEMI	$13.0M Series A	—	Gaorong Capital
Nov 1, 2021	Reprise	$62.0M Series B	—	2xN, 645 Ventures, Addition, Afore Capital, Altair Capital Management, Alt Capital, Alumni Ventures, Andreessen Horowitz, Angel investor, Arkitekt Ventures, August Capital, Bain Capital Ventures, Banana Capital, Bessemer Venture Partners, Boldstart Ventures, Boost VC, BoxGroup, Broadway Angels, Buckley Ventures, C2 Investment, Cedar Capital Group, Costanoa Ventures, Countdown Capital, CRV, Curie.Bio, Fifth Down Capital, Firework Ventures, First Round Capital, Founder Collective, Founders Fund, Freestyle Capital, Glasswing Ventures, Gradient Ventures, Granite Asia, GSR Ventures, Hyde Park Venture Partners, ICONIQ Capital, JetBlue Technology Ventures, Jude Gomila Rolling Fund, Kleiner Perkins, LGF, Lightspeed Venture Partners, Lobby Capital, Lux Capital, Madrona Ventures, Maverick Capital, Mayfield, Metanoia, Mischief Venture Capital, Not Boring Capital, Operator Partners, Paradigm, Penny Jar Capital, Qualcomm Ventures, Revolution, Saga, Scalar Capital, Scout Ventures, Section 32, Seven Seven Six, SNR, SV Angel, Thirty Five Ventures, Threshold Ventures, Todd and Rahul's Angel Fund, Trinity Ventures, Ulu Ventures, Vibe Capital, Y Combinator, Alice Zhang, Allison Pickens (Allison Pickens Ventures), Ashley Larson, Colin Carrier, Dylan Field, Edvard Engesæth, Elliott Cohen, Eric Wu, Harry Hurst, Howie Liu, Immad Akhund, John Collison, Jon Gelsey, Kelvin Beachum Jr., Mark Ghermezian, Max Mullen, Oliver Cameron, Pau Gasol, Sam Altman, Scott Belsky, Trevor Noah
Nov 1, 2021	Printify	$50.0M Series A	—	1984 Ventures, 75 & Sunny, 7percent Ventures, Accel, Acequia Capital, AlleyCorp, Alpine Ventures, Alt Capital, Andreessen Horowitz, Atomico, Bain Capital Ventures, Bling Capital, bloom venture partners, Bora&Sons, BoxGroup, Camber Creek, CapitalG, Catapult Capital, Change Ventures, Citi Ventures, Concrete Ventures, Contrarian Ventures, Contrary Capital, CRV, Dreamers VC, FJ Labs, Flashpoint VC, Foundation Capital, Founders Fund, Gaingels, Great Oaks Venture Capital, GSR Ventures, Haatch, Hitachi Ventures, Intel Capital, Khosla Ventures, Kima Ventures, L Catterton Growth, Madrona Ventures, Magma Partners, Market One Capital, Mayfield, Mischief Venture Capital, Moxxie Ventures, N49P Ventures, NextView Ventures, Nexus Venture Partners, Otherwise Fund, Outrun Ventures, Pareto Holdings, Punch Capital, Redpoint Ventures, Sarona Ventures, Scribble Ventures, Second Century Ventures, Sequoia Capital, Softbank Group, SoftBank Investment Advisers, SRB Ventures, Streamlined Ventures, SV Angel, Tapas Capital, Techstars, Third Point Ventures, Thirty Five Ventures, Trajectory Ventures, Tribe Capital, TrueSight Ventures, Two Small Fish Ventures, UpHonest Capital, Vibe Capital, Walden Catalyst Ventures, XFactor Ventures, Y Combinator, Adrian Aoun, Ameet Ranadive, Bob Young, Bradley Horowitz, Charlie Cheever, Chris Murphy, Dharmesh Shah, Eric Wu, Evan Moore, Evan Williams, Fabio Cannavale, Gokul Rajaram, Guy Podjarny, Haroon Mokhtarzada, Ilya Kondrashov, Immad Akhund, Jacqueline Reses, Jeff Bezos, Jeffrey Wilke, Jeff Seibert, Johnny Boufarhat, Jon Gelsey, Joshua Schachter, Juha Paananen, Kevin Lin, Kevin Weil, Konstantin von Unger, Liu Jiang, Louis Beryl, Manik Gupta, Mantas Mikuckas, Markus Villig, Martin Henk, Martin Villig, Maximilian Tayenthal, Ott Kaukver, Paul Graham, Pete Koomen, Peter Kazanjy, Ragnar Sass, Richard Branson, rich simoni, Rohini Pandhi, Rolf Schrömgens, Sam Altman, Scott Belsky, Steve Chen, Thomas Dohmke, Thomas Plantenga, Tobias Lutke, Triin Hertmann, Varsha Rao, Wayne Chang
Sep 1, 2021	MingMed	$50.0M Series A	—	Gaorong Capital
Aug 1, 2021	Yellow.ai	$78.0M Series C	—	Accel, Dell Technologies Capital, Kleiner Perkins, Lightspeed India Partners, Lightspeed Venture Partners, Menlo Ventures, Sapphire Ventures, Social Capital, Prashant Malik
Jun 1, 2021	Hesai Technology	$300.0M Series D	—	BoxGroup, GSR Ventures, Madrona Ventures, Mayfield, Meituan, Mischief Venture Capital, Qiming Venture Partners, Jon Gelsey, Scott Belsky
May 1, 2021	Madrona Venture Labs	$8.0M Venture Round	—	75 & Sunny, BoxGroup, Foundation Capital, GSR Ventures, Hambro Perks, Madrona Ventures, Mayfield, Mischief Venture Capital, Kurt Bilafer, Mark Pincus, Scott Belsky
May 1, 2021	TwinStrand Biosciences	$50.0M Series B	—	BoxGroup, GSR Ventures, Madrona Ventures, Mayfield, Mischief Venture Capital, Section 32, Third Rock Ventures, Jon Gelsey, Scott Belsky
Apr 1, 2021	Laiye	$50.0M Series C	—	Menlo Ventures
Mar 1, 2021	Celential.ai	$10.0M Series A	—	BoxGroup, Foothill Ventures (formerly Tsingyuan Ventures), GSR Ventures, Madrona Ventures, Mayfield, Mischief Venture Capital, The House Fund, TSVC Capital, Uncork Capital, Webb Investment Network, Jon Gelsey, Scott Belsky
Mar 1, 2021	MingMed	$60.0M Series A	—	Gaorong Capital
Jul 1, 2020	Ro	$200.0M Series C	—	Accel, Basis Set Ventures, BITKRAFT Ventures, Bono, BoxGroup, Crosscut Ventures, Curie.Bio, Dig Ventures, Emergence Capital, ENIAC Ventures, FirstMark Capital, Eric Rosenblum, FTX Ventures, Gaingels, Great Oaks Venture Capital, GSR Ventures, Insight Partners, Kleiner Perkins, Lightspeed Venture Partners, Madrona Ventures, Mayfield, Mischief Venture Capital, Moxxie Ventures, mParticle, NEO, Hilarie Koplow-McAdams, Next Play Ventures, Operator Partners, Origin Ventures, Outlander Labs, Portal Ventures, QueensBridge Venture Partners, RSE Ventures, Sequoia Capital, Seven Seven Six, SignalFire, Sound Ventures, Starting Line, Stellar Capital, Summit Partners, TCG (The Chernin Group), The Finger Group, Y Combinator, Asher Leids, Charlie Songhurst, Eric Ries, Frederic Kerrest, Jon Gelsey, Scott Belsky, Spencer Slaine, Tony Hawk, Varsha Rao, Wyc Grousbeck
Apr 1, 2020	Yellow.ai	$20.0M Series B	—	Lightspeed India Partners, Menlo Ventures, Prashant Malik
Mar 1, 2020	HashiCorp	$180.0M Series E	—	Accel, Andreessen Horowitz, BoxGroup, Craft Ventures, Dell Technologies Capital, Energy Impact Partners, Flybridge Capital Partners, Founder Collective, Goldcrest Capital, GSR Ventures, Lux Capital, Madrona Ventures, Mango Capital, Mayfield, Mischief Venture Capital, Glenn Solomon, Notable Capital, Redpoint Ventures, Sequoia Capital, SNR, Telstra Ventures, Jeff Seibert, Jon Gelsey, Scott Belsky, Wayne Chang
Feb 1, 2020	Laiye	$42.0M Series C	—	Menlo Ventures
Jan 1, 2020	Hesai Technology	$140.0M Series C	—	BoxGroup, GSR Ventures, Madrona Ventures, Mayfield, Mischief Venture Capital, Jon Gelsey, Scott Belsky
Jun 1, 2019	Laiye	$35.0M Series B	—	Menlo Ventures
Oct 1, 2018	HashiCorp	$100.0M Series D	—	Accel, Andreessen Horowitz, BoxGroup, Craft Ventures, Dell Technologies Capital, Energy Impact Partners, Flybridge Capital Partners, Founder Collective, Goldcrest Capital, GSR Ventures, Lux Capital, Madrona Ventures, Mango Capital, Mayfield, Mischief Venture Capital, Glenn Solomon, Notable Capital, Redpoint Ventures, Sequoia Capital, SNR, Telstra Ventures, Jeff Seibert, Jon Gelsey, Scott Belsky, Wayne Chang
Sep 1, 2018	Ro	$88.0M Series A	—	Altair Capital Management, Asylum Ventures, Basis Set Ventures, BITKRAFT Ventures, Bono, BoxGroup, Crosscut Ventures, Curie.Bio, DCM, Dig Ventures, Emergence Capital, FirstMark Capital, Eric Rosenblum, Footwork, FTX Ventures, Gaingels, GSR Ventures, Human Augmentation Syndicate, Insight Partners, Madrona Ventures, Mayfield, Mischief Venture Capital, mParticle, NEO, Hilarie Koplow-McAdams, Hans Tung, Operator Partners, Outlander Labs, Pioneer Fund, Portal Ventures, QueensBridge Venture Partners, Rainfall Ventures, RSE Ventures, Saban Capital Group, Seven Seven Six, SignalFire, Sinai Ventures, Sound Ventures, Stellar Capital, Summit Partners, The Finger Group, Torch Capital, Tribe Capital, Trinity Ventures, Tusk Venture Partners, Vine Ventures LP, Y Combinator, Asher Leids, Charlie Songhurst, Eric Ries, Frederic Kerrest, Jon Gelsey, Martin Schrimpff, Scott Belsky, Spencer Slaine, Varsha Rao, Wyc Grousbeck
Jun 1, 2018	Plus	$100.0M Series A	—	CapitalG, FirstMark Capital, Founder Collective, F-Prime Capital Partners, GSR Ventures, IA Ventures, Mayfield, Third Point Ventures
Nov 1, 2017	Ro	$3.0M Seed	—	10100, Ambridge Capital, Asylum Ventures, Audrey Capital, Blockchain Founders Fund, BoxGroup, Casa Verde Capital, Comal Ventures, First Round Capital, GSR Ventures, Jazz Venture Partners, Madrona Ventures, Mayfield, Mischief Venture Capital, Montauk Ventures, NEO, Pareto Holdings, Plum Alley Investments, Seven Seven Six, True Ventures, Tusk Venture Partners, Wealthing VC Club, Y Combinator, Anne Wojcicki, George Morrison, Jonathan Shipman, Jon Gelsey, Mathieu Guerville, Scott Belsky, Troy Carter
Oct 1, 2017	HashiCorp	$40.0M Series C	—	Accel, Andreessen Horowitz, BoxGroup, Craft Ventures, Dell Technologies Capital, Energy Impact Partners, Flybridge Capital Partners, Founder Collective, Goldcrest Capital, GSR Ventures, Lux Capital, Madrona Ventures, Mango Capital, Mayfield, Mischief Venture Capital, Glenn Solomon, Notable Capital, Redpoint Ventures, Sequoia Capital, SNR, Telstra Ventures, Jeff Seibert, Jon Gelsey, Scott Belsky, Wayne Chang
Sep 1, 2017	Lagou	$120.0M Series D	—	Meituan, Qiming Venture Partners, ZhenFund

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Lightspeed China Partners.

James Mi

Partner

Leadership Team

Key people at Lightspeed China Partners.

James Mi

Partner

Deep Dive

Lightspeed China Partners (LCP) is a leading China-focused venture capital firm specializing in early-stage and emerging growth investments. Its mission centers on partnering with entrepreneurs to foster sustainable development and innovation, primarily investing in sectors such as green technology, deep technology, enterprise services, health technology, and consumer markets. LCP leverages its strong relationship with the global Lightspeed Venture Partners network to provide international value-added capabilities, supporting startups with capital and strategic resources to accelerate growth and impact the Chinese startup ecosystem positively[1][2][3].

Founded in 2011 and based in Shanghai, Lightspeed China Partners was established as the Chinese counterpart to Lightspeed Venture Partners, a global multi-stage venture capital firm. The founding partners brought deep industry expertise and a vision to focus on early-stage investments in Internet, mobile, services, and enterprise solutions within China. Over time, LCP has evolved to emphasize sectors aligned with emerging global trends such as sustainability and deep tech, while maintaining a strong commitment to nurturing startups through active partnership and operational support[2][3][4].

Core Differentiators

Unique Investment Model: LCP focuses on early-stage and emerging growth companies, often leading rounds with significant investments (minimum around $1 million), emphasizing deep involvement rather than passive funding[2][6].
Network Strength: It benefits from a close partnership with Lightspeed Venture Partners, providing startups access to a global network, cross-border expertise, and international markets[2][5].
Track Record: With over 270 investments and multiple successful exits, LCP has demonstrated a strong ability to identify and scale promising ventures in China’s dynamic tech landscape[2].
Operating Support: The firm offers hands-on operational assistance, leveraging industry insights and ecosystem connections to help portfolio companies grow sustainably[1][3].

Role in the Broader Tech Landscape

Lightspeed China Partners rides the wave of China’s rapid digital transformation and the global push towards sustainable and deep technologies. The timing is critical as China accelerates innovation in green tech, semiconductor manufacturing, AI, and enterprise digitalization. Market forces such as government support for tech innovation, growing consumer demand, and increasing global integration favor LCP’s investment focus. By backing early-stage companies in these sectors, LCP influences the broader ecosystem by enabling the rise of new technology leaders and fostering cross-border collaboration between China and international markets[1][2][3].

Quick Take & Future Outlook

Looking ahead, Lightspeed China Partners is poised to deepen its focus on sectors like green technology and health tech, aligning with global sustainability trends and China’s strategic priorities. The firm’s influence is likely to expand as it continues to leverage its global network and operational expertise to support startups scaling domestically and internationally. Emerging technologies such as AI, semiconductors, and enterprise digital solutions will shape its investment trajectory, positioning LCP as a key player in bridging innovation between China and the world. This sustained commitment to early-stage innovation underscores LCP’s role as a catalyst for the next generation of transformative companies in China’s tech ecosystem[1][2][3][5].

Sources

Core Differentiators

Unique Investment Model: LCP focuses on early-stage and emerging growth companies, often leading rounds with significant investments (minimum around $1 million), emphasizing deep involvement rather than passive funding[2][6].
Network Strength: It benefits from a close partnership with Lightspeed Venture Partners, providing startups access to a global network, cross-border expertise, and international markets[2][5].
Track Record: With over 270 investments and multiple successful exits, LCP has demonstrated a strong ability to identify and scale promising ventures in China’s dynamic tech landscape[2].
Operating Support: The firm offers hands-on operational assistance, leveraging industry insights and ecosystem connections to help portfolio companies grow sustainably[1][3].