DFX Intelligence

Venture Capital Intelligence

Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Lightspeed Spv Ob LLC

Lightspeed Spv Ob LLC

MatureClosed to new capitalSPV or co-invest vehicleADV: Venture Capital FundLightspeed Venture PartnersDelaware

Amounts, each with its basis

Vintage: 2020basis: 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: $40.1Mwhat may be sold, not what was raised; file 021-362854, sworn by the adviser or filed under this vehicle
Form D sold: $40.1Mas of the filing of Mar 13, 2020, 17 investors
First sale: Feb 7, 2020
Reported GAV: $62.9Mon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
Owners (ADV): 18
Reported on ADV: Mar 29, 2021 to Sep 14, 2026

Fundraising evidence

Closed to new capital

Form D filed or amended 2020-03-13: the stated $40.1M offering reported fully sold (fr-1)

evidence dated Mar 13, 2020. A 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.

Lifecycle

Mature

vintage 4 to 7 years

age years: 6first sale: 2020-02-07vintage year: $2,020adv gav as of: 2026-09-14vintage basis: form_d_first_saleform d sold usd: $40.1Mform d offering usd: $40.1Mform d latest filed at: 2020-03-13

The fund's own reporting through time

5 Form ADV filings

Filed	Type	Gross asset value	Owners	Adviser-owned	Audit
Mar 29, 2021	Venture Capital Fund	$40.1M	17	13%	yes
Mar 25, 2022	Venture Capital Fund	$40.1M	17	13%	yes
Mar 29, 2023	Venture Capital Fund	$40.0M	17	13%	yes
Mar 29, 2024	Venture Capital Fund	$58.1M	17	13%	yes
Sep 14, 2026		$62.9M	18	13%

Principals and agents

6 principals on Form D, 0 placement agents

Ravi Mhatre Director
Barry Eggers Director
- LS SPV Management, LLC Director
Peter Nieh Director
Jeremy Liew Director
- LS SPV Management, LLC general partner (ADV 7.B.(1).A.3)

Limited partners and their reported performance

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.

Investments attributed to this vehicle

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

2 events

Mar 29, 2021
Lightspeed Spv Ob LLC first reported on Form ADV by Lightspeed Venture Partners (Venture Capital Fund), GAV $40,075,300
Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Mar 13, 2020
Lightspeed SPV OB, LLC filed Form D: $40,125,000 sold of $40,125,000, Venture Capital Fund
Form D filed Fact SEC EDGAR Form D data sets (quarterly)

Evidence

33 observations

Every observation on this vehicle

Adv pdf fund: LIGHTSPEED SPV OB LLC Sep 14, 2026 Fact IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Entity type: Limited Liability Company Fact SEC EDGAR Form D data sets (quarterly)
Entity type: Limited Liability Company Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Venture Capital Fund Fact SEC EDGAR Form D data sets (quarterly)
Form D fund type: Venture Capital Fund Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
Form D industry group: Pooled Investment Fund Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Amendment: false Fact SEC EDGAR Form D data sets (quarterly)
Amendment: false Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Revenue range (Form D): Decline to Disclose Fact SEC EDGAR Form D data sets (quarterly)
Revenue range (Form D): Decline to Disclose Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Fact SEC EDGAR Form D data sets (quarterly)
Incorporated: withinFiveYears Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Fact SEC EDGAR Form D data sets (quarterly)
Jurisdiction: DELAWARE Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $40.1M Fact SEC EDGAR Form D data sets (quarterly)
Amount sold (Form D): $40.1M Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $40.1M Fact SEC EDGAR Form D data sets (quarterly)
Offering amount (Form D): $40.1M Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06b, 3C, 3C.1 Fact SEC EDGAR Form D data sets (quarterly)
Exemptions: 06b, 3C, 3C.1 Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
First sale: 2020-02-07 Fact SEC EDGAR Form D data sets (quarterly)
First sale: 2020-02-07 Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 17 Fact SEC EDGAR Form D data sets (quarterly)
Investors (Form D): 17 Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Fact SEC EDGAR Form D data sets (quarterly)
Minimum investment (Form D): 0 Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Fact SEC EDGAR Form D data sets (quarterly)
Securities offered: pooled Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Office address: 2200 SAND HILL ROAD, MENLO PARK, CA, 94025 Fact SEC EDGAR Form D data sets (quarterly)
Office address: 2200 SAND HILL ROAD, MENLO PARK, CA, 94025 Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2020 Fact SEC EDGAR Form D data sets (quarterly)
Year of incorporation: 2020 Mar 13, 2020 Fact SEC EDGAR Form D data sets (quarterly)