Form D · Venture Capital Fund

Lightspeed Venture Partners XV-B (Ignite), L.P.

Menlo Park, CA · CIK 0002044377

Offering snapshot reported Dec 16, 2025 · SEC filing

Reported sold: $1.19B
Investors reported: 207
Minimum accepted: $0
First sale: Dec 13, 2024

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$998,876,413 → $1,194,948,730

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 16, 2025	Amendment	$1,194,948,730	$196,072,317vs Sep 12, 2025	207	SEC filing
Sep 12, 2025	Amendment	$998,876,413	No comparison	Not reported	SEC filing
Dec 12, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $900K
Finders' fees: $0
Form D file number: 021-531928

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Goldman Sachs & Co. LLC	000000361
50 South Capital Advisors, LLC	000174762

Source: Form D, filed Dec 16, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

LIGHTSPEED VENTURE PARTNERS XV-B (IGNITE), L.P.

Investment adviser: LIGHTSPEED MANAGEMENT COMPANY, L.L.C.

Gross asset value: $1.49B
Beneficial owners: 208
ADV minimum commitment: $0

Reported in Form ADV on May 6, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor KPMG LLP SAN FRANCISCO, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

KPMG LLP
PCAOB 185

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Filing source

Form ADV 2103275 · May 6, 2026 · Schedule D 7.B.(1), fund 805-5155446126

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Arif Janmohamed	Executive
Lightspeed General Partner Xv B (Ignite), L.P.	Promoter
Lightspeed Ultimate General Partner Xv B (Ignite), L.L.C.	Promoter
Ravi Mhatre	Executive
Bejul Somaia	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2200 Sand Hill Road
Menlo Park, CA, 94025