Lead Edge Capital Raises $150M Fund

Santa Barbara- and New York-based Lead Edge Capital, a private equity investor which focuses on growth stage investments in technology companies, said on Wednesday that it has raised $150M in a new fund. According to the company, the new fund will be used for public equity investments. Lead Edge Capital said the new fund brings the company's total capital under management to over $3 billion. Lead Edge Capital said the new fund came from both new and existing limited partners. The company's prior investments include ID.me, Material Bank, Hinge Health, Copado, Benchling, SafeSend, and Yousign. The company said its most recent liquidity events include FIGS (IPO), Asana (IPO), Bumble (IPO), and Signal Sciences (Acq. by Fastly).