DFX Intelligence
Lightspeed Co-Investment Fund I, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingEvergreen or indefinite offeringADV: Venture Capital FundCo-investment vehicle
A co-investment vehicle for specific deals, not a commingled fund.
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 additional principals
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- $601Msold at the filing
Latest Form D filed on 16 Dec 2025: $601M sold, 65 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2025basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- indefinitewhat may be sold, not what was raised; file 021-543085, sworn by the adviser or filed under this vehicle
- Form D sold
- $601Mas of the filing of Dec 16, 2025, 65 investors
- First sale
- Apr 11, 2025
- Reported GAV
- $985Mon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 65
- Reported on ADV
- Sep 14, 2026 to Sep 14, 2026
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Evergreen or indefinite offering
Form D filed or amended 2025-12-16: offering indefinite, sold $601.3M (fr-1)
evidence dated Dec 16, 2025.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Apr 11, 2025vintage year: 2025adv gav as of: Sep 14, 2026vintage basis: Form d first saleform d sold: $601Mform d offering: n/aform d latest filed at: Dec 16, 2025
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| May 6, 2026 | Venture Capital Fund | $985M | 65 | 0% | |||
| Sep 14, 2026 | $985M | 65 | 0% |
Principals and agents
6 principals on Form D, 0 placement agents
- Ravi Mhatre Executive Officer
- Arif Janmohamed Executive Officer
- - Lightspeed Mangement Company, L.L.C. Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorKPMG · SAN FRANCISCO, California, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · SAN FRANCISCO, California, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
- May 6, 2026Lightspeed Co-Investment Fund I, L.P. first reported on Form ADV by Lightspeed Venture Partners (Venture Capital Fund), GAV $984,593,254Fund first reported on Form ADV Inference Form ADV
- Dec 16, 2025Lightspeed Co-Investment Fund I, L.P. filed Form D/A: $601,269,350 sold (indefinite offering), Venture Capital FundForm D filed Fact Form D
- Apr 7, 2025Lightspeed Co-Investment Fund I, L.P. filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
32 observations
Every observation on this vehicle
- Adv pdf fund: 984,593,254 Sep 14, 2026 Fact Form ADV
- Entity type: Limited Partnership Dec 16, 2025 Fact Form D
- Entity type: Limited Partnership Apr 7, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Dec 16, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Apr 7, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 16, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 7, 2025 Fact Form D
- Amendment: true Dec 16, 2025 Fact Form D
- Amendment: false Apr 7, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 16, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 7, 2025 Fact Form D
- Incorporated: withinFiveYears Dec 16, 2025 Fact Form D
- Incorporated: withinFiveYears Apr 7, 2025 Fact Form D
- Jurisdiction: Delaware Dec 16, 2025 Fact Form D
- Jurisdiction: Delaware Apr 7, 2025 Fact Form D
- Amount sold (Form D): $601M Dec 16, 2025 Fact Form D
- Amount sold (Form D): $0 Apr 7, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Dec 16, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Apr 7, 2025 Fact Form D
- First sale: 2025-04-11 Dec 16, 2025 Fact Form D
- Indefinite offering: true Dec 16, 2025 Fact Form D
- Indefinite offering: true Apr 7, 2025 Fact Form D
- Investors (Form D): 65 Dec 16, 2025 Fact Form D
- Investors (Form D): 0 Apr 7, 2025 Fact Form D
- Minimum investment (Form D): 0 Dec 16, 2025 Fact Form D
- Minimum investment (Form D): 0 Apr 7, 2025 Fact Form D
- Securities offered: Equity, pooled Dec 16, 2025 Fact Form D
- Securities offered: Equity, pooled Apr 7, 2025 Fact Form D
- Office address: Dec 16, 2025 Fact Form D
- Office address: Apr 7, 2025 Fact Form D
- Year of incorporation: 2025 Dec 16, 2025 Fact Form D
- Year of incorporation: 2025 Apr 7, 2025 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Lightspeed Co-Investment Fund I, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
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Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2026-05-06source on record
- Form D filed2025-12-16source on record
- Form D filed2025-04-07source 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.