# Light Street Capital: portfolio, investments and team

> Light Street Capital is a vc firm based in United States. 6 investments on record, 2 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/light-street-capital (Millionrounds; every figure on the page links to its filing or article)

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

# Light Street Capital

Last cheque observed Sep 2026; 6 cheques on record.

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Deploying now New fund $5.9M, Jul 2026 VC firm

Series D Growth Series B Disruptive Technology

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 6 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$150M** Rounds led **3 of 6** Mostly in **United States, 67%**

Pitch Light Street Capital

## Light Street Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series D and Growth: 80% of its rounds
- 03 Led 3 rounds

## What they do

> Investing in disruptive technology businesses globally. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Sectors:** Disruptive Technology
- **Based in:** Palo Alto, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2026** 2 rounds
- **Sept** **[iPronics](https://millionrounds.com/company/ipronics)** Series B · ES · Amadeus Capital Partners **$125M** *Led*
- **Jul** **[Lumin Digital](https://millionrounds.com/company/lumin-digital)** Growth · US · Ventureburn **$115M** *Led*
- **2024** 1 round
- **Dec** **[Ayar Labs](https://millionrounds.com/company/ayar-labs)** Series D · US · Crunchbase News **$155M** *Led*
- **2019** 3 rounds
- **Jul** **[Unity](https://millionrounds.com/company/unity)** US · TechCrunch **$525M** With 3 others
- **May** **[BlackBuck](https://millionrounds.com/company/blackbuck)** Series D · IN · TechCrunch **$150M** With 6 others
- **Apr** **[ezCater](https://millionrounds.com/company/ezcater)** Series D · US · TechCrunch **$150M** With 5 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.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

GW **George William Lynch** Chief Operating Officer of Light Street Capital Management, LLC, General Partner i Filing they signed

GT **Glen Thomas Kacher** Manager of Light Street Capital Management, LLC, General Partner i Filing they signed

JD **James David Lindberg** COO and CFO of Light Street Capital Management, LLC, General Partner i Filing they signed

JK **Jay Kahn** Managing Member of the General Partner i Filing they signed

RM **Robert Michael Wenzell** Chief Financial Officer of Light Street Capital Management, LLC, General Partner i Filing they signed

TJ **Theo Jeremy Robins** Chief Compliance Officer of Light Street Capital Management, LLC, General Partner i Filing they signed

We also hold **10** 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.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.6B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Light Street Capital Management, LLC
- **SEC number:** CRD 155215

Funds on its Form ADV

**19** private funds, **$1.2B** in gross assets · filed Mar 2024

Private equity **11** Hedge **8**

- Light Street Mercury Master Fund, L.P. *Hedge* 3 investors $414M
- Light Street Argon, L.P. *Hedge* 256 investors $177M
- Light Street Beacon II, L.P. *Private equity* 145 investors $157M
- Light Street Xenon, LTD. *Hedge* 102 investors $104M
- Light Street Tungsten Master Fund, L.P. *Hedge* 3 investors $83M
- Light Street SPV5, L.P. *Private equity* 46 investors $43M
- Light Street Beacon I, L.P. *Private equity* 63 investors $43M
- Light Street Tungsten Onshore Fund, L.P. *Hedge* 25 investors $40M
- Light Street SPV6, L.P. *Private equity* 81 investors $40M
- Light Street SPVH, L.P. *Private equity* 33 investors $18M

And 9 more on the filing.

## What they claim to have backed

From their own portfolio page (on their website)

**17** of 23 we have independently watched raise

[Ayarlabs](https://millionrounds.com/company/ayar-labs)[Clari](https://millionrounds.com/company/clari)[Ezcater](https://millionrounds.com/company/ezcater)[Hadrian](https://millionrounds.com/company/hadrian)[Harrys](https://millionrounds.com/company/harry-s)[IPO](https://millionrounds.com/company/lyft)[IPO](https://millionrounds.com/company/uber-advanced-technologies-group)[IPO](https://millionrounds.com/company/slack)[IPO](https://millionrounds.com/company/pinterest)[Illumio](https://millionrounds.com/company/illumio)[Ipronics](https://millionrounds.com/company/ipronics)[Lumindigital](https://millionrounds.com/company/lumin-digital)[Madeiramadeira](https://millionrounds.com/company/madeiramadeira)[Scale](https://millionrounds.com/company/scale)[Smarthr](https://millionrounds.com/company/smarthr)[Solvhealth](https://millionrounds.com/company/solv)[Toss](https://millionrounds.com/company/toss) Acquired IPO IPO IPO IPO Light Street Fund

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$5.9M**

raised in Jul 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series D Growth Series B

Median round joined **$150M** the round, not its cheque

Led 3 of 6 rounds **50%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series D *3*
- Growth *1*
- Series B *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [NVIDIA](https://millionrounds.com/fund/nvidia) 2
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 2
- [Wellington Management](https://millionrounds.com/fund/wellington-management) 2

**Pitching Light Street Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**NVIDIA** Company **2** rounds together](https://millionrounds.com/fund/nvidia)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Wellington Management** VC firm **2** rounds together](https://millionrounds.com/fund/wellington-management)

## Recently backed

The latest companies Light Street Capital put money into.

[**iPronics** $125M · Sept 2026](https://millionrounds.com/company/ipronics)[**Lumin Digital** $115M · Jul 2026](https://millionrounds.com/company/lumin-digital)[**Ayar Labs** $155M · Dec 2024](https://millionrounds.com/company/ayar-labs)[**ezCater** $150M · Apr 2019](https://millionrounds.com/company/ezcater)

## Mentioned on podcasts

Episodes that name Light Street Capital in their description, not their title.

- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 10 Dec 2024 · 51 min Franchise Funds: Becoming (and Remaining) One with Stephen Bluestein Mentions [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners)[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners)[Light Street Capital](https://millionrounds.com/fund/light-street-capital) *+1* Apple PodcastsShow page

## Quick answers about Light Street Capital

### What does Light Street Capital invest in?

Light Street Capital invests most often at Series D and Growth (80% of the rounds on record), in sectors such as Disruptive Technology.

### How active is Light Street Capital?

6 investments on record, 2 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Light Street Capital invested in recently?

Its most recent investments on record: iPronics (Series B, Sept 2026), Lumin Digital (Growth, Jul 2026) and Ayar Labs (Series D, Dec 2024).

### How big are Light Street Capital's cheques?

The median round it joins is $150M.

### Does Light Street Capital lead rounds?

Yes: it led 3 of its 6 investments on record (50%).

### Where does Light Street Capital invest?

Most of the companies it backs are in the United States (67%), Spain (17%) and India (17%).

### Is Light Street Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Light Street Capital invest alongside?

Most often NVIDIA (2 rounds together), Sequoia Capital (2 rounds together) and Wellington Management (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=light-street-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=light-street-capital)
