Exclusive: Uber investor Lead Edge Capital raises $150 million for public equity fund
The Star Online - Tech·2021-06-17 08:01
(Reuters) - Lead Edge Capital, which has backed Uber Technologies Inc and Alibaba Group, has raised $150 million through a new fund to invest in publicly listed software and internet companies, the venture said on Wednesday.
In a statement seen by Reuters ahead of its official release, New York City-based Lead Edge said the new fund is expected to hold positions in five to 10 public firms at a time and the initial portfolio will be built over the next two years.
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