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Exclusive: Lightspeed Venture Partners Raises $1.2 Billion

Lightspeed Venture Partners has raised over $1.2 billion to invest in consumer and enterprise tech startups, Fortune has learned.

This includes $715 million for the Silicon Valley-based firm’s eleventh flagship fund focused on early-stage opportunities, and $500 million for its second “Select” fund for later-stage companies. Many of its best-known portfolio companies―including “unicorns” Snapchat, Nutanix and The Honest Company―are based in the U.S., but Lightspeed also has active investment practices in China, India and Israel.

In early 2014, Lightspeed raised $650 million for its tenth flagship fund and $350 million for its first “Select” pool. There doesn’t seem to be much difference in terms of investment strategy this time around, but there have been some personnel changes. Most notable are new partners Aaron Batalion (ex-Living Social), Sudip Chakrabarti (ex-Andreessen Horowitz), Ajay Sudan (ex-Palantir) and Alex Taussig (ex-Highland Capital Partners).

A spokesman for Lightspeed Venture Partners declined comment.