A venture capital firm headquartered in New York, Left Lane Capital, has announced the closing of its second fund. The Left Lane Capital Partners II LP (Fund II) is worth $1.4 billion in commitments, exceeding its initial target of $1 billion.
Left Lane’s Fund II represents over double the amount raised for Fund I, wherein it raised $630 million in commitments. Back then also, it exceeded its original target of $500 million.
The oversubscribed funds demonstrate a strong conviction showing that the future of the global consumer and worker economy will be defined by the continued and accelerating penetration of digital-first platforms.
In two years, Left Lane has raised over $2 billion of committed capital to invest in high-growth, high-retention internet and consumer technology businesses around the world.
Left Lane plans to continue to invest in this network, further build out in-house capabilities around key functions, and prioritise the growth and evolution of the companies in which they invest.
Harley Miller, CEO and Managing Partner of Left Lane said, “To unlock this opportunity, our investment strategy is uniquely rooted in a data-centric approach, proprietary sourcing capabilities, and an unyielding commitment to true partnership with entrepreneurs. We’re not just investors, but also builders, leveraging the market expertise of our team to accelerate businesses with more precision than generalist firms. It is a privilege to support entrepreneurs, and we never take it for granted.”
“Left Lane is flipping the VC model on its head. Not only are they our go-to sparring partners for all strategic decisions small and large, they’ve also championed our company within the market. Many of the CEOs they supported in the past have invested in their fund, which was a strong signal for us, demonstrating how respected they are within the global founder community,” said CEO of Unicorn EdTech company GoStudent, Felix Ohswald.
“Left Lane’s differentiation is first and foremost our people. We are building the best possible place for consumer and internet investors to create their own brands and be trusted partners to the next generation of market-defining entrepreneurs,” said Dan Ahrens, Managing Partner.
Left Lane Capital’s portfolio
Left Lane is led by four Managing Partners, including Harley Miller, Dan Ahrens, Jason Fiedler, and Vinny Pujji. The global investment firm has offices in both New York and London and has made 36 investments into some of the most promising internet and consumer technology companies and leads deals at the Series A to C stage.
It invests across fintech, edtech, SMB tech, software, foodtech, e-commerce, health and wellness, gaming, entertainment, and more.
The VC firm’s select initial investments include companies such as GoStudent (Vienna-based digital marketplace for video-based tutoring), M1 Finance (Chicago-based all-in-one investment and advisory platform), and Wayflyer (Dublin-based funding platform for e-commerce businesses). Notably, all these companies have reached unicorn status.
Other investments in the portfolio include Masterworks (investing platform for iconic works of art), Jackpocket (mobile lottery platform), Moove (flexible car ownership), Blank Street (specialty coffee chain), Hnry (tax platform for independent earners), and more.