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Startups

VC firm that backed Snap and Pinduoduo expands to Southeast Asia

Lightspeed to deploy capital to region from its recently raised $4bn

Lightspeed Venture Partners has invested in Grab and is now looking to double down on Southeast Asia's tech scene. (Photo by Ken Kobayashi) 

JAKARTA -- Lightspeed Venture Partners, the prominent U.S. venture capital firm that backed the likes of Snap in the U.S. and Pinduoduo in China, launched its Southeast Asia operations on Thursday in a sign that the region's tech ecosystem is continuing to attract big players even amid the coronavirus pandemic.

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