Lightbank
TypeFinancial organization/venture fund
Industryfinance
venture fund
Founded2010
FounderEric Lefkofsky
Brad Keywell
Headquarters
Chicago
,
United States
Key people
Websitelightbank.com

Lightbank is a financial organization that specializes in making venture capital investments including seed investments, Series A round and late-stage investments in companies across the United States. The company was founded in 2020, and is headquartered in Chicago, Illinois, United States. [1][2][3][4][5][2]

Investments

Lightbank has invested in a number of companies,[6] including the website Groupon. Lightbank's Eric Lefkofsky was an original co-founder, along with Andrew Mason of Groupon.[7]

Other Lightbank investments include Sprout Social, Snapsheet, Belly,[8] Boom Technology,[9] Fiverr, Fooda, SpotHero,[10] Tempus, Udemy,[11] test preparation service BenchPrep, Qwiki, HighGround,[6] and Hello Divorce.[12]

Partners

Lefkofsky was a co-founder of Lightbank, though he became 'Special Advisor' in 2014-2015 during his tenure as CEO of Groupon. He then returned to Lightbank as managing partner in November 2015 after stepping down as CEO of Groupon.[13]

Other partners include Eric Ong, Matt Sacks, and Bill Pescatello.

See also

  • Venture builders

References

  1. ↑ Rogers, Bruce (2012-10-24). "How Chicago-Based Lightbank Is Fixing A Broken VC Model". Forbes. Retrieved 2012-12-24.
  2. 1 2 Rao, Leena (2012-12-23). "Lightbank Aims To Change The VC Game As It Expands Its Investments Beyond Chicago". TechCrunch. Retrieved 2012-12-24.
  3. ↑ Baverman, Laura (2012-12-20). "Lightbank and Kleiner Perkins create Windy City vs. Silicon Valley design fight". Bizjournals. Retrieved 2012-12-24.
  4. ↑ Marek, Lynne (2012-06-11). "Lightbank shines on more startups". Crain's Chicago Business. Retrieved 2012-12-24.
  5. ↑ Ricketts, Camille (2010-03-15). "Groupon founders launch $100M 'Lightbank' fund to seed Chicago startups". VentureBeat. Retrieved 2012-12-24.
  6. 1 2 "Portfolio". Lightbank. Retrieved 2012-12-25.
  7. ↑ Business Insider "INSIDE GROUPON: The Truth About The World's Most Controversial Company" October 31, 2011
  8. ↑ Truong, Alice (2013-08-27). "Belly Raises $12.1 Million To Replace Loyalty Cards With Its App". Fast Company. Retrieved 2019-02-28.
  9. ↑ Inc, Boom Technology. "Japan Airlines and Boom Announce Partnership for Supersonic Air Travel". www.prnewswire.com (Press release). Retrieved 2019-02-28. {{cite press release}}: |last= has generic name (help)
  10. ↑ "Investors park $4.5 million in SpotHero". Crain's Chicago Business. 2014-06-10. Retrieved 2019-02-28.
  11. ↑ Wolinsky, David (12 October 2011). "Lightbank Gives $3 Million in Financing to Udemy". NBC Chicago. Retrieved 2019-02-28.
  12. ↑ "Hello Divorce raises $2M so that couples can say 'good-bye' easier". TechCrunch. Retrieved 2021-08-02.
  13. ↑ Sky, Blue (30 November 2015). "Lefkofsky lands back at Lightbank after stepping down as Groupon CEO". chicagotribune.com. Retrieved 2016-06-13.


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