AI Business
1d ago
Lightspeed Venture Partners aims to raise $600 million for Anthropic and OpenAI investments
Aug 12, 2026
AI Summary
Lightspeed Venture Partners is looking to secure approximately $600 million to enhance its stakes in OpenAI and other assets, including a new investment in Anthropic PBC. This initiative, known internally as Project Mercury, involves funds from two existing Lightspeed funds and a managed account.
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- Lightspeed Venture Partners is seeking around $600 million in a secondary funding process.
- The funding aims to extend ownership in OpenAI and four other assets, alongside a new investment in Anthropic PBC.
- The initiative is referred to as Project Mercury and involves assets from Lightspeed's Select V and Opportunity II funds, as well as a separately managed account.
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