United States · Investor

Lehman Brothers

Last cheque observed Nov 2009. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $3.0M, Oct 2011Hedge fund

Series BSeries DSeries CBig DataInternet

Cheques on record
0%of best year0cheques in 12 months, 58 on record
Since the last cheque6185days00hrs00min00sec
Median round$15MRounds led0 of 58Sole investor4 roundsExits26 from the portfolioMostly inUnited States, 95%
Pitch Lehman Brothers

Lehman Brothers highlights

  1. 01

    58 rounds on record

  2. 02

    Mostly Series B and Series D: 54% of its rounds

  3. 03

    Sole investor in 4 rounds, median $8.4M

  4. 04

    26 exits from the portfolio

What they do

Type
Hedge fund (from a list, unverified)
Cheque size
Not stated
Sectors
Big DataInternet
Based in
New York city, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first58 appearances

  1. 2009

    4 rounds

  2. Nov
    FluidigmVenture · US · venturebeat.com$7.5MWith 7 others
  3. Apr
    AerovanceVenture · US · venturebeat.com$38MWith 7 others
  4. Mar
    AOptix TechnologiesSeries D · US · venturebeat.com$13MWith 5 others
  5. Jan
    UbicomSeries E · US · ubicom.com$7.0MWith 5 others
  6. 2008

    15 rounds

  7. Dec
    ExaGrid SystemsSeries D · US · xconomy.com$12MWith 2 others
  8. Oct
    ZuoraSeries B · US · venturebeat.com$15MWith 3 others
  9. Oct
    MyShapeSeries C · US · venturebeat.com$12MWith 3 others
  10. Aug
    Verified Identity PassSeries C · US · alleyinsider.com$44MWith 3 others
  11. Aug
    CLEARSeries D · US · venturebeat.com$44MWith 6 others
  12. Aug
    Palo Alto NetworksSeries C · US · paloaltonetworks.com$27MWith 3 others
  13. Jul
    VideoIQSeries B · US · videoiq.com$10MWith 2 others
  14. Jun
    Aspen AerogelsSeries D · US · deals.venturebeat.com$37MWith 3 others
  15. Jun
    JaxtrSeries B · US · techcrunch.com$10MSole investor
  16. Jun
    NileGuideSeries B · US · techcrunch.com$8.0MWith 3 others
  17. May
    SearchMeSeries E · US · venturebeat.com$13MWith 7 others
  18. Apr
    StorwizeSeries C · US · byteandswitch.com$19MWith 2 others
  19. Feb
    UbicomSeries D · US · venturebeat.com$18MWith 1 other
  20. Feb
    PEAK SurgicalSeries C · US · venturebeat.com$21MWith 2 others
  21. Feb
    Lucky PaiSeries B · CN · redherring.com$25MSole investor
  22. 2007

    18 rounds

  23. Dec
    KAYAKSeries D · US · techcrunch.com$196MWith 8 others
  24. Nov
    Qunar.comSeries B · CN · thealarmclock.com$10MWith 2 others
  25. Nov
    ExaGrid SystemsSeries C · US · masshightech.com$20MWith 2 others
  26. Oct
    SearchMeSeries D · US$15MWith 2 others
  27. Sept
    XOJETGrowth · US$143MWith 1 other
  28. Sept
    TribotekSeries E · US$3.0MWith 1 other
  29. Sept
    PowerReviewsSeries B · US · techcrunch.com$15MWith 2 others
  30. Aug
    KonteraSeries B · US · venturebeat.com$10MWith 2 others
  31. Jul
    MyShapeSeries B · US · findarticles.comUndisclosedWith 3 others
  32. Jul
    MarkLogicSeries C · US · sequoiacap.com$15MWith 1 other
  33. Jul
    TheMarketsVenture · US · thealarmclock.com$30MWith 4 others
  34. Jul
    Light Sciences OncologySeries B · US · venturebeat.com$30MWith 4 others
  35. Jun
    TumriSeries B · US · thealarmclock.com$10MWith 2 others
  36. May
    AOptix TechnologiesSeries C · US · deals.venturebeat.com$15MWith 3 others
  37. May
    BATSVenture · US$45MWith 4 others
  38. Mar
    AerovanceSeries C · US · deals.venturebeat.com$60MWith 5 others
  39. Jan
    FluidigmSeries E · US · deals.venturebeat.com$17MWith 9 others
  40. Jan
    Meru NetworksSeries D · US · venturebeat.com$28MWith 9 others
  41. 2006

    4 rounds

  42. Sept
    PEAK SurgicalSeries B · US · deals.venturebeat.com$8.0MWith 1 other
  43. Sept
    Linux NetworxSeries D · US · news.cnet.com$37MWith 3 others
  44. Jul
    KonteraSeries A · US · kontera.com$7.0MWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration9 named

ADAlison DeansManaging Director of Lehman Brothers Management GP LLC, the General PartneriFiling they signed
AAAndrew A. Johnsonof the Investment AdviseriFiling they signed
BCBradley C. Tankof the Corporate Director and the Investment AdviseriFiling they signed
DMDavid MancillaSenior Vice-President of Lehman Brothers Management GP LLC, the General PartneriFiling they signed
ENEddie Norward JrExecutive OfficeriFiling they signed
JVJoseph V. Amatoof Lehman Brothers Mortgage Opportunity Associates Ltd. (the ""Corporate Director"") and Neuberger Berman Fixed Income LLC, formerly known as Lehman Brothers Asset Management LLC (the ""Investment Adviser"")iFiling they signed
MFMark FaulkenbergSenior Vice-President and Authorized Signatory of Lehman Brothers Management GP LLC, the General PartneriFiling they signed
SSSteven S. RogersSenior Vice-President and Authorized Signatory of Lehman Brothers Management GP LLC, the General PartneriFiling they signed
TJTerrence J. Glomskiof the Corporate DirectoriFiling they signed

We also hold 11 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Exits from the portfolio

Companies it backed that were later bought or listed26 in all

Meru NetworksBought by Fortinet$44MMay 2015
Auxilium PharmaceuticalsBought by Endo Health Solutions$2.6BOct 2014
KonteraBought by Amobee$150MJun 2014
PowerReviewsBought by Viewpoints$30MJun 2014
VideoIQBought by Avigilon Corporation$32MDec 2013
KAYAKBought by PricelineUndisclosedNov 2012
KAYAKListedUndisclosedAug 2012
Palo Alto NetworksListedUndisclosedJul 2012
PowerReviewsBought by Bazaarvoice$151MMay 2012
NileGuideBought by Travora NetworksUndisclosedApr 2012
UbicomBought by Qualcomm IncorporatedUndisclosedMar 2012
EndecaBought by Oracle CorporationUndisclosedOct 2011
PEAK SurgicalBought by Medtronic$120MJul 2011
TumriBought by CollectiveUndisclosedJul 2011
Isilon SystemsBought by EMC$2.3BNov 2010
TheMarketsBought by S&P Capital IQUndisclosedSept 2010
Lucky PaiBought by LotteUndisclosedAug 2010
Meru NetworksListedUndisclosedMar 2010
JaxtrBought by Sabse TechnologiesUndisclosedJun 2009

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

Neuberger Berman GroupUndisclosedNov 2003

Who they invest alongside

The investors most often in the same rounds as Lehman Brothers. A count of rooms they were both in, not a relationship either has claimed.

On podcasts

1 episode naming Lehman Brothers in the title, and 4 more that mention it.

Mentioned in

Quick answers about Lehman Brothers

What does Lehman Brothers invest in?

Lehman Brothers invests most often at Series B and Series D (54% of the rounds on record), in sectors such as Big Data and Internet.

How active is Lehman Brothers?

58 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2009.

How big are Lehman Brothers's cheques?

The median round it joins is $15M.

Does Lehman Brothers lead rounds?

Rarely, if at all: none of its 58 investments on record names it as the lead.

Where does Lehman Brothers invest?

Most of the companies it backs are in the United States (95%) and China (5%).

Is Lehman Brothers investing now?

No investments in the last 12 months; the latest was in Nov 2009.

Who does Lehman Brothers invest alongside?

Most often Sequoia Capital (12 rounds together), Accel (4 rounds together) and DAG Ventures (4 rounds together).

What kind of investor is Lehman Brothers?

Lehman Brothers is a hedge fund based in New York city, United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it