DFX Intelligence

Data Factory

RIA / WealthRegistered adviserasset managerSEC registeredRAUM 100m 1b

LIGHTSPEED FACTION

FACTION VENTURES, LLC, CRD 318821

PALO ALTO, CA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:4d8e8367-8d6a-b854-e6af-0b57dbc82a26

Data as of Mar 17, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 12:56 AM UTC and rebuilt at most every 15 minutes.

Relationships: 8
Dated events: 2
On other graphs: 3
Observed: Aug 29, 2022 to Mar 17, 2026
7 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Venture Capitalidentity

Lightspeed Faction

Venture manager · shared crd

Independent Sponsorsidentity

Lightspeed Faction

Capital provider to sponsors · shared crd

Private Equityidentity

Lightspeed Faction

Private equity manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $433MItem 5.F on the latest filing (2026-03-17); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $433M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 8
Advisory employees: 6
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 5
Private funds: 4Schedule D 7.B(1)
SEC number: 801-126648
CRD: 318821
Filings on the tape: 7
First filed: Aug 29, 2022
Latest filed: Mar 17, 2026
Organised: Limited Liability Company, DE

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
LIGHTSPEED FACTION FUND I, LP	Venture Capital Fund	$81.5M	Mar 18, 2024	100	Aug 29, 2022	reported	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
EGGERS, BARRY, FRANCIS	MANAGING MEMBER	C	yes	08/2005	Aug 29, 2022	Mar 18, 2024
FATHIEH, BANAFSHEH	GENERAL PARTNER	Na	yes	04/2022	Aug 29, 2022	Mar 18, 2024
Harrison, Samuel	MANAGING PARTNER AND CCO	D	yes	01/2022	Aug 29, 2022	Mar 18, 2024
LIGHTSPEED VENTURE PARTNERS	Owner	C	yes	02/2022	Aug 29, 2022	Mar 18, 2024
MHATRE, RAVI, BRIAN	MANAGING MEMBER	C	yes	08/2005	Aug 29, 2022	Mar 18, 2024
NIEH, PETER, YAO-PING	MANAGING MEMBER	C	yes	08/2005	Aug 29, 2022	Mar 18, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
LIGHTSPEED MANAGEMENT COMPANY, L.L.C.	n/a	Asset manager	$50B	Y	no	n/a
LIGHTSPEED FACTION FUND I GP, LLC	n/a	n/a	n/a	Y	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Private funds	Fund GAV
2025	Mar 17, 2026	$433M	$433M	8	6	4	n/a
2024	Mar 21, 2025	$466M	$466M	7	6	3	n/a
2023	Mar 18, 2024	$289M	$289M	7	6	1	$81.5M
2022	Mar 20, 2023	$265M	$265M	5	4	1	$265M

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$433M	$466M	-7.1%	$265M	17.7%	8	7	0	0

Relationships

Affiliated with (1)

→ LIGHTSPEED VENTURE PARTNERSRegistered adviserother investment adviser, control
factForm ADV

Advises (1)

→ LIGHTSPEED FACTION FUND I, LPPrivate fundVenture Capital Fund, IA
Aug 29, 2022 to presentfactForm ADV

Controls (6)

← LIGHTSPEED VENTURE PARTNERSOwnerOWNER, ownership code C, domestic entity
Aug 29, 2022 to Mar 18, 2024factForm ADV
← FATHIEH, BANAFSHEHOwnerGENERAL PARTNER, ownership code NA, individual
Aug 29, 2022 to Mar 18, 2024factForm ADV
← EGGERS, BARRY, FRANCISOwnerMANAGING MEMBER, ownership code C, individual
Aug 29, 2022 to Mar 18, 2024factForm ADV
← MHATRE, RAVI, BRIANOwnerMANAGING MEMBER, ownership code C, individual
Aug 29, 2022 to Mar 18, 2024factForm ADV
← NIEH, PETER, YAO-PINGOwnerMANAGING MEMBER, ownership code C, individual
Aug 29, 2022 to Mar 18, 2024factForm ADV
← Harrison, SamuelOwnerMANAGING PARTNER AND CCO, ownership code D, individual
Aug 29, 2022 to Mar 18, 2024factForm ADV

Dated events

Occurred
Mar 21, 2025
Regulatory AUM changed
Lightspeed Faction reported RAUM $465.7M, up 61% from $288.9M (2024-03-18 to 2025-03-21)
Form ADVobserved 3 days ago
$177M
Occurred
Aug 29, 2022
First Form ADV filing
Faction Ventures, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 3 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:4d8e8367-8d6a-b854-e6af-0b57dbc82a26
First observed: Aug 29, 2022
Last observed: Mar 17, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

LIGHTSPEED FACTION

FACTION VENTURES, LLC, CRD 318821

PALO ALTO, CA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:4d8e8367-8d6a-b854-e6af-0b57dbc82a26

Data as of Mar 17, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 12:56 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

LIGHTSPEED FACTION FUND I, LP

Venture Capital Fund

$81.5M

Mar 18, 2024

100

Aug 29, 2022

reported

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

EGGERS, BARRY, FRANCIS

MANAGING MEMBER

yes

08/2005

Aug 29, 2022

Mar 18, 2024

FATHIEH, BANAFSHEH

GENERAL PARTNER

yes

04/2022

Aug 29, 2022

Mar 18, 2024

Harrison, Samuel

MANAGING PARTNER AND CCO

yes

01/2022

Aug 29, 2022

Mar 18, 2024

LIGHTSPEED VENTURE PARTNERS

Owner

yes

02/2022

Aug 29, 2022

Mar 18, 2024

MHATRE, RAVI, BRIAN

MANAGING MEMBER

yes

08/2005

Aug 29, 2022

Mar 18, 2024

NIEH, PETER, YAO-PING

MANAGING MEMBER

yes

08/2005

Aug 29, 2022

Mar 18, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

LIGHTSPEED MANAGEMENT COMPANY, L.L.C.

n/a

Asset manager

$50B

n/a

LIGHTSPEED FACTION FUND I GP, LLC

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 17, 2026

$433M

n/a

2024

Mar 21, 2025

$466M

n/a

2023

Mar 18, 2024

$289M

$81.5M

2022

Mar 20, 2023

$265M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$433M

$466M

-7.1%

$265M

17.7%