Lightbank

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Lightbank
Company typeFinancial organization/venture fund
IndustryFinance
venture funding
Founded2010; 15 years ago (2010)
FoundersEric Lefkofsky
Brad Keywell
Headquarters
Chicago, Illinois
,
United States
Key people
  • Eric Lefkofsky
  • Brad Keywell
  • Paul Lee
Websitelightbank.com

Lightbank is a Chicago-based venture capital firm founded in 2010 by Eric Lefkofsky and Brad Keywell.[1][2][3]

History

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The company was founded in 2010[2] by Groupon co-founders Brad Keywell and Eric Lefkofsky.[4] Lefkofsky was a special advisor of Lightbank in 2014 and 2015, then became managing partner in November 2015.[5] Other partners include Eric Ong, Matt Sacks, and Bill Pescatello.

In 2011, Lightbank had raised over $700 million and had a $290 million Fund III. Its investments included Groupon, Tempus AI, Fiverr and Udemy.[6] By 2013, other investments included Sprout Social and Belly.[7] It invested in Boom Technology in 2017,[8] SpotHero in 2014,[9] and BenchPrep and Qwiki by 2021 among others.[10]

References

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  1. ^ Rogers, Bruce (2012-10-24). "How Chicago-Based Lightbank Is Fixing A Broken VC Model". Forbes. Retrieved 2012-12-24.
  2. ^ a b 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. ^ Business Insider "INSIDE GROUPON: The Truth About The World's Most Controversial Company" October 31, 2011
  5. ^ Sky, Blue (30 November 2015). "Lefkofsky lands back at Lightbank after stepping down as Groupon CEO". chicagotribune.com. Retrieved 2016-06-13.
  6. ^ Wolinsky, David (12 October 2011). "Lightbank Gives $3 Million in Financing to Udemy". NBC Chicago. Retrieved 2019-02-28.
  7. ^ Truong, Alice (2013-08-27). "Belly Raises $12.1 Million To Replace Loyalty Cards With Its App". Fast Company. Retrieved 2019-02-28.
  8. ^ "Japan Airlines and Boom Announce Partnership for Supersonic Air Travel". www.prnewswire.com (Press release). Retrieved 2019-02-28.
  9. ^ "Investors park $4.5 million in SpotHero". Crain's Chicago Business. 2014-06-10. Retrieved 2019-02-28.
  10. ^ "Hello Divorce raises $2M so that couples can say 'good-bye' easier". TechCrunch. Retrieved 2021-08-02.
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