- Lightbank, LLC, a Chicago, IL-based venture capital firm, closed its second early-stage venture capital fund, Lightbank II, L.P.. with $180m of capital commitments
- Lightbank II’s investor base is comprised of institutional investors, family offices, and high net worth individuals
- The closing brings Lightbank’s total assets under management (AUM) to $360m
- The new fund will invested across a broad range of sectors, also including internet, software, climate tech, and consumer brands
- Consistent with the firm’s historic strategy, Lightbank II will also invest across geographies and stages
- The majority of capital will be concentrated in Pre-Seed, Seed, and Series A opportunities with select growth-stage investments
