Lightspeed is selling its OpenAI stake to a fund it will also run

The firm calls the deal Project Mercury, Bloomberg reported, citing people familiar with it. It gathers assets from two Lightspeed funds, Select V and Opportunity II, plus a separately managed account. OpenAI is the anchor. Coller Capital is the lead buyer. UBS is advising. Lightspeed did not reply to Bloomberg’s messages and Coller declined to […]
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