Lead Edge Capital Raises $1.95 Billion for Growth-Equity Bets
- Founding partner sees valuations becoming ‘more realistic’
- Green says ‘fortunes are made’ amid economic downturns
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Lead Edge Capital raised $1.95 billion for its largest fund to date, to make bets on software, internet, consumer, and tech-enabled service companies.
The firm, which has offices in New York and Santa Barbara, California, favors companies that have recurring revenue and those that are profitable on an Ebitda basis, founding partner Mitchell Green said in an interview. The new vehicle, Lead Edge Capital VI, will be deployed over three years.