Lightbank, a Chicago-based venture capital firm, has closed its second early-stage venture capital fund, Lightbank II, with USD180 million of capital commitments.
The closing brings Lightbank’s total assets under management (AUM) to USD360 million. Lightbank II’s investor base is comprised of institutional investors, family offices, and high net worth individuals.
Lightbank II will be led by Founder and Managing Partner Eric Lefkofsky, who has also founded or co-founded Tempus, Groupon, MediaOcean, Innerworkings, and Echo Global Logistics. In conjunction with the new fund, Matt Sacks will join Lightbank as a Venture Partner. Sacks, who founded Luminary Media after serving as a Principal at New Enterprise Associates (NEA), will continue in his role at Luminary as Founder and Executive Chairman.
Read more at: Private Equity Wire
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