Lead Edge Capital Announces $3.5 Billion for Fund VII

Lead Edge Capital, a leading growth equity firm investing in software, internet, and technology-enabled businesses, today announced the closing of Fund VII with $3.5 billion in commitments. The fund was oversubscribed and is the firm’s largest fund to date, bringing Lead Edge's total capital raised since inception to $9 billion.

Lead Edge will target making private equity investments between $50 million to $400 million per portfolio company, targeting software, internet, and technology-enabled businesses. The firm seeks to make both minority and majority investments across sectors in growth-stage companies with strong revenue growth, high gross margins, and recurring revenue that meets the firm's ‘Lead Edge 8’ investment criteria.