Lightbank is a financial organization that specializes in making venture capital investments in “disruptive” technology companies in the United States including seed investments, Series A round and late-stage investments.
It combines investment with guidance and direct involvement with the companies it invests in. Unlike most such companies, it does not concentrate on Silicon Valley, but has a presence across the United States. It was founded by Brad Keywell and Eric Lefkofsky. It is headquartered in Chicago and it has made investments in companies in Chicago, New York City, Omaha and the Bay Area, in a number of companies, including the deal-of-the-day website Groupon. Other Lightbank investments include Sprout Social, Belly, Fiverr, SpotHero, Tempus, Udemy, Qwiki, and HighGround.
Paul Lee, an early general partner at Lightbank, left the venture fund in November 2014 to start Roniin, a venture capital firm which has a mentor model where veteran entrepreneurs mentor fresh ones and Roniin provides capital to increase chances of startup success. He subsequently re-branded Roniin to Builders Studios and launched BuildersVC.
Victor Pascucci III was announced as managing partner of Lightbank in February 2017. This move allowed Lefkofsky and Keywell to step back and focus on their growing start-up companies. Pascucci was most recently a partner at Munich Re, a German reinsurance company.