Lead Edge Capital has raised $3.5bn for its seventh flagship fund, targeting investments in software and technology businesses despite ongoing volatility in the sector, according to a report by Bloomberg.
The New York-headquartered firm said the fund will primarily back private companies, continuing its focus on growth-stage investments across enterprise software and data-driven platforms.
Founded in 2011, Lead Edge has invested in a number of large-scale technology businesses, including Alibaba...
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