Lightbank

Last updated
Lightbank
Company typeFinancial organization/venture fund
Industry finance
venture fund
Founded2010;15 years ago (2010)
Founder Eric Lefkofsky
Brad Keywell
Headquarters
Chicago, Illinois
,
United States
Key people
Website lightbank.com

Lightbank is a financial organization that specializes in making venture capital investments including seed investments, Series A round and late-stage investments in companies across the United States. The company was founded in 2010, and is headquartered in Chicago, Illinois, United States. [1] [2] [3] [4] [5]

Contents

Investments

Lightbank has raised over $700M and with a $290M Fund III. Lightbank's Eric Lefkofsky and Brad Keywell were original co-founders of Groupon. [6]

Lightbank investments include Groupon, Tempus AI, Fiverr, Udemy [7] , Sprout Social, Snapsheet, Belly [8] , Boom Technology [9] , SpotHero [10] , BenchPrep, Qwiki, Fooda, HighGround, and Hello Divorce. [11]

Partners

Lefkofsky was a co-founder of Lightbank, though he became 'Special Advisor' in 2014–2015 during his tenure as CEO of Groupon. He then returned to Lightbank as managing partner in November 2015 after stepping down as CEO of Groupon. [12]

Other partners include Eric Ong, Matt Sacks, and Bill Pescatello.

See also

References

  1. ↑ Rogers, Bruce (2012-10-24). "How Chicago-Based Lightbank Is Fixing A Broken VC Model". Forbes . Retrieved 2012-12-24.
  2. ↑ Baverman, Laura (2012-12-20). "Lightbank and Kleiner Perkins create Windy City vs. Silicon Valley design fight". Bizjournals . Retrieved 2012-12-24.
  3. ↑ Marek, Lynne (2012-06-11). "Lightbank shines on more startups". Crain's Chicago Business . Retrieved 2012-12-24.
  4. ↑ Ricketts, Camille (2010-03-15). "Groupon founders launch $100M 'Lightbank' fund to seed Chicago startups". VentureBeat . Retrieved 2012-12-24.
  5. ↑ Rao, Leena (2012-12-23). "Lightbank Aims To Change The VC Game As It Expands Its Investments Beyond Chicago". TechCrunch. Retrieved 2012-12-24.
  6. ↑ Business Insider "INSIDE GROUPON: The Truth About The World's Most Controversial Company" October 31, 2011
  7. ↑ Wolinsky, David (12 October 2011). "Lightbank Gives $3 Million in Financing to Udemy". NBC Chicago. Retrieved 2019-02-28.
  8. ↑ Truong, Alice (2013-08-27). "Belly Raises $12.1 Million To Replace Loyalty Cards With Its App". Fast Company. Retrieved 2019-02-28.
  9. ↑ Inc, Boom Technology. "Japan Airlines and Boom Announce Partnership for Supersonic Air Travel". www.prnewswire.com (Press release). Retrieved 2019-02-28.{{cite press release}}: |last= has generic name (help)
  10. ↑ "Investors park $4.5 million in SpotHero". Crain's Chicago Business. 2014-06-10. Retrieved 2019-02-28.
  11. ↑ "Hello Divorce raises $2M so that couples can say 'good-bye' easier". TechCrunch. Retrieved 2021-08-02.
  12. ↑ Sky, Blue (30 November 2015). "Lefkofsky lands back at Lightbank after stepping down as Groupon CEO". chicagotribune.com. Retrieved 2016-06-13.


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