Lightbank
Institutional venture firm, based in Chicago, Illinois, reporting $698M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
37 additional co-investors and affiliates, 15 additional investments, funds and LPs, 4 events, 4 verified contacts (2 general firm email, 2 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 6 companiesnew in 12 months
6 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 15 Sep 2026 ($5M round).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 1 departurepeople, 12 months
A team member departed (seen on or before 16 Sep 2026, the day it happened is not on record).
A partner leaving or arriving changes who decides, and who a founder or LP should call.
InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam → - 2 dealswith Lakehouse Ventures
Invests most often alongside Lakehouse Ventures (2 shared deals).
pair last observed on record 19 Aug 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors → - 3 of 5enter at Series B+
Enters mostly at Series B or later: 3 of 5 first entries on record.
rounds to 16 Sep 2026 · Tells a founder whether their round is one this firm writes.
People to know
View all people- partnerWhy: Partner: part of the investment decisionNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
84 connected entities7 observed rounds1 repeat counterparty2 dated rounds shown here, 2025 to 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Lightbank: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Lightbank
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
13 companies on record, 6 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Kairon Health | portfolio listing | unknown | unknown | unknown | unknown | Sep 29, 2026 | Fact Company website |
| Xenops | portfolio listing | unknown | unknown | unknown | unknown | Sep 25, 2026 | Fact Company website |
| Highalpha | portfolio listing | unknown | unknown | unknown | unknown | Sep 21, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- chicago
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
3 current, 1 departed
Decision makers
- Eric Ong · partnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Led 1 round on record
Who else at this firm · 1 person, grouped by function
- Lauren von Reyn · Interested in working with us or one of our portfolio companies?Why this person:Work email on file (firm website), confirmed 2026-09-17, confidence 95%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member · 1 deal attributed
- partner · led 1 round on record
- Interested in working with us or one of our portfolio companies?
1 departed (kept with end dates)
- Nick Whang · Interested in working with us or one of our portfolio companies? · ? to Sep 16, 2026 Inference
Contacts
2 general firm email, 2 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
8 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| LB III, L.P. | Fund | 2023 adv first reported | Active deployment | $289M Mar 31, 2026 | 65 | $289M of $289M | May 24, 2024 |
| Lightbank Investments, LLC | Fund | 2015 adv first reported | Harvest | $189M Mar 22, 2019 | 2 | unknown | unknown |
| Lightbank Investments 1b, LLC | Fund | 2015 adv first reported | Harvest | $8.3M Mar 31, 2026 | 3 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
60 co-investors
Co-investors
- 2026-08-192 shared deals · recurring · they led 1 · this firm led 2
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Evidence and history
9 dated events, 74 observations from 3 sources
Timeline
- seen on or beforeSep 16, 2026Nick Whang (Interested in working with us or one of our portfolio companies?) no longer on the team page of Lightbank
- Mar 31, 2026LB Access I, L.P. first reported on Form ADV by Lightbank (Venture Capital Fund), GAV $140,599,686
- Mar 16, 2015Lightbank Investments 1b, LLC first reported on Form ADV by Lightbank (Venture Capital Fund), GAV $6,500,000
- Mar 16, 2015Lightbank Investments, LLC first reported on Form ADV by Lightbank (Venture Capital Fund), GAV $109,000,000
- Mar 27, 2012Lightbank first filed Form ADV (ERA, venture capital fund adviser exemption)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 8 private fundsShowHide
- Headquarters
- Chicago, ILadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- lightbank.com
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 8 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $839Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $887M across 8 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $415M across 6 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 22, 2024 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 22, 2019 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 22, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 22, 2019 | Fact | Form ADV |
| First Form ADV filing | 2022-08-12 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2022-08-12 | Mar 22, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-27 | Mar 22, 2019 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-22 | Mar 22, 2024 | Fact | Form ADV |
| Latest Form ADV filing | 2019-03-22 | Mar 22, 2019 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2022-08-12 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 22, 2024 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 22, 2019 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Mar 22, 2024 | Fact | Form ADV | |
| Business phone | Mar 22, 2019 | Fact | Form ADV | |
| Headquarters | Chicago, IL | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Chicago, IL | Mar 22, 2024 | Fact | Form ADV |
| Headquarters | Chicago, IL | Mar 22, 2019 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Mar 22, 2024 | Fact | Form ADV | |
| Office address | Mar 22, 2019 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 22, 2024 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 22, 2019 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 8 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 8 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 7 | Mar 22, 2024 | Fact | Form ADV |
| Private funds reported | 6 | Mar 22, 2019 | Fact | Form ADV |
| Private fund gross assets (reported) | $839M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $839M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $755M | Mar 22, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $415M | Mar 22, 2019 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 23, 2026 | Fact | Form ADV |
| Stated geography | chicago “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | chicago “geography words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 8 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 8 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Mar 22, 2024 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 22, 2019 | Fact | Form ADV |
| Website | Mar 31, 2026 | Fact | Form ADV | |
| Website | Mar 22, 2024 | Fact | Form ADV | |
| Website | Mar 22, 2019 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $887M across 8 vehicles
- importance
- gav: 0.56 · funds: 0.67 · people: 0.08 · investments: 0.41 · co investors: 0.72
- active deployment
- investments 12m: 0.75 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-16
- emerging manager
- fund count: 8 · reported gav: $698M · first adv filing: 2012-03-27 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2012-03-27source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.