# Lehman Brothers Venture Partners: portfolio, investments and team

> Lehman Brothers Venture Partners is a vc firm. 18 investments on record, latest Feb 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/lehman-brothers-venture-partners (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Lehman Brothers Venture Partners

Last cheque observed Feb 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Series C Series D Series E Health Care Web Development

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 18 on record

Since the last cheque **5011** days **00** hrs **00** min **00** sec

Median round **$17M** Rounds led **0 of 18** Exits **7 from the portfolio** Mostly in **United States, 82%**

Pitch Lehman Brothers Venture Partners

## Lehman Brothers Venture Partners highlights

- 01 18 rounds on record
- 02 Mostly Series C and Series D: 47% of its rounds
- 03 7 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Health Care Web Development
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **18 appearances**

- **2013** 1 round
- **Feb** **[New Relic](https://millionrounds.com/company/new-relic)** Growth · US · techcrunch.com **$80M** With 8 others
- **2009** 2 rounds
- **Dec** **[ExaGrid Systems](https://millionrounds.com/company/exagrid-systems)** Series E · US **$16M** With 3 others
- **Dec** **[ExaGrid Systems](https://millionrounds.com/company/exagrid-systems)** Series A · US · masshightech.com **$16M** With 3 others
- **2007** 4 rounds
- **Sept** **[Overture Networks](https://millionrounds.com/company/overture-networks)** Series C · US **$12M** With 1 other
- **Jul** **[Cast Iron Systems](https://millionrounds.com/company/cast-iron-systems)** Series F · US **$17M** With 4 others
- **Jul** **[Cast Iron](https://millionrounds.com/company/cast-iron)** Series F · US **$17M** With 3 others
- **Jul** **[Tira Wireless](https://millionrounds.com/company/tira-wireless)** Series D · CA · wirelessfederation.com **$5.0M** With 3 others
- **2006** 6 rounds
- **Oct** **[Tolerx](https://millionrounds.com/company/tolerx)** Series D · US **$61M** With 11 others
- **Sept** **[LifeSize, a Division of Logitech](https://millionrounds.com/company/lifesize-a-division-of-logitech)** Series D · US · lifesize.com **$25M** With 5 others
- **May** **[Cast Iron Systems](https://millionrounds.com/company/cast-iron-systems)** Series E · US **Undisclosed** With 5 others
- **May** **[Meru Networks](https://millionrounds.com/company/meru-networks)** Series D · US · goliath.ecnext.com **$25M** With 5 others
- **Mar** **[Tira Wireless](https://millionrounds.com/company/tira-wireless)** Series C · CA · goodwinprocter.net **$13M** With 2 others
- **Jan** **[Telenav](https://millionrounds.com/company/telenav)** Series E · US · telenav.com **$30M** With 3 others
- **2005** 2 rounds
- **Jun** **[Elemental Cyber Security](https://millionrounds.com/company/elemental-cyber-security)** Series C · US · eetimes.com **$11M** With 3 others
- **Apr** **[Infoblox](https://millionrounds.com/company/infoblox)** Series E · US · infoblox.com **$30M** With 4 others
- **2003** 1 round
- **Nov** **[Composite Software](https://millionrounds.com/company/composite-software)** Series B · US **$12M** With 4 others
- **2002** 2 rounds
- **Nov** **[Health Language,Inc.](https://millionrounds.com/company/health-language-inc)** Series A **$7.8M** With 4 others
- **Jun** **[Egenera](https://millionrounds.com/company/egenera)** Series C · JP **$44M** With 3 others

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.

## Exits from the portfolio

Companies it backed that were later bought or listed **7 in all**

**[Meru Networks](https://millionrounds.com/company/meru-networks)** Bought by [Fortinet](https://millionrounds.com/fund/fortinet) **$44M** May 2015

**[Composite Software](https://millionrounds.com/company/composite-software)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$180M** Jun 2013

**[Infoblox](https://millionrounds.com/company/infoblox)** Listed **$120M** Apr 2012

**[Telenav](https://millionrounds.com/company/telenav)** Listed **Undisclosed** May 2010

**[Cast Iron Systems](https://millionrounds.com/company/cast-iron-systems)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **$190M** May 2010

**[Meru Networks](https://millionrounds.com/company/meru-networks)** Listed **Undisclosed** Mar 2010

**[LifeSize, a Division of Logitech](https://millionrounds.com/company/lifesize-a-division-of-logitech)** Bought by [Logitech](https://millionrounds.com/fund/logitech) **$405M** Nov 2009

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

## The cheque

Series C Series D Series E

Median round joined **$17M** the round, not its cheque

Led 0 of 18 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Feb 2013
- **Exits:** 7 from the portfolio

Rounds by stage said on their site

- Series C *4*
- Series D *4*
- Series E *4*
- Series F *2*
- Series A *2*
- Growth *1*

Cheques by year Led Joined

2002 2013

Often in the room with

- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 5
- [Norwest Venture Partners](https://millionrounds.com/fund/norwest) 4
- [Brightspark Ventures](https://millionrounds.com/fund/brightspark-ventures) 2
- [Clearstone Venture Partners](https://millionrounds.com/fund/clearstone-venture-partners) 2
- [Evercore Partners](https://millionrounds.com/fund/evercore-partners) 2
- [Flagship Pioneering, LLC](https://millionrounds.com/fund/flagship-pioneering-llc) 2

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## Who they invest alongside

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

[**Sequoia Capital** VC firm **5** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Norwest Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/norwest)[**Brightspark Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/brightspark-ventures)[**Clearstone Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/clearstone-venture-partners)[**Evercore Partners** Investment bank **2** rounds together](https://millionrounds.com/fund/evercore-partners)[**Flagship Pioneering, LLC** VC firm **2** rounds together](https://millionrounds.com/fund/flagship-pioneering-llc)[**Highland Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/highland-capital-partners)[**Invesco Perpetual** Growth equity **2** rounds together](https://millionrounds.com/fund/invesco-perpetual)[**Invesco Private Capital** VC firm **2** rounds together](https://millionrounds.com/fund/invesco-private-capital)[**Sigma Partners** VC firm **2** rounds together](https://millionrounds.com/fund/sigma-partners)

## Quick answers about Lehman Brothers Venture Partners

### What does Lehman Brothers Venture Partners invest in?

Lehman Brothers Venture Partners invests most often at Series C and Series D (47% of the rounds on record), in sectors such as Health Care and Web Development.

### How active is Lehman Brothers Venture Partners?

18 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2013.

### How big are Lehman Brothers Venture Partners's cheques?

The median round it joins is $17M.

### Does Lehman Brothers Venture Partners lead rounds?

Rarely, if at all: none of its 18 investments on record names it as the lead.

### Where does Lehman Brothers Venture Partners invest?

Most of the companies it backs are in the United States (82%), Canada (12%) and Japan (6%).

### Is Lehman Brothers Venture Partners investing now?

No investments in the last 12 months; the latest was in Feb 2013.

### Who does Lehman Brothers Venture Partners invest alongside?

Most often Sequoia Capital (5 rounds together), Norwest Venture Partners (4 rounds together) and Brightspark Ventures (2 rounds together).

### What kind of investor is Lehman Brothers Venture Partners?

Lehman Brothers Venture Partners is a VC firm.

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