Ravi Mhatre
VCPartner & Co-Founder, Lightspeed Venture Partners
Lightspeed co-founder, enterprise and deep tech veteran
Background
Ravi Mhatre is a co-founder and Partner at Lightspeed Venture Partners, which he helped build from inception in 2000 into a premier global technology investment firm managing over $10B in assets. He focuses on enterprise technology, IT infrastructure, healthcare, and blockchain, backing companies from early stage to scale with decade-long board commitments. Before venture capital, he worked at Silicon Graphics, Booz Allen Hamilton, and as a biotech software engineer. He holds a BS in electrical engineering, BA in economics, and MBA from Stanford. He has been recognized on the Forbes VC Midas List in 2017, 2018, 2019, 2021, 2025, and 2026.
Investment Thesis
Long-cycle investor with conviction in enterprise infrastructure, health tech, and emerging deep tech; emphasizes depth over breadth with extended founder relationships.
Investment Focus
Stages
Typical check: $3M–$20M
Sectors
Based in: Menlo Park, CA / Global (North America)
Notable Investments
Nutanix
Cloud infrastructure; backed from early to IPO 2018
Zscaler
Cloud security platform; IPO 2018 (ZS)
AppDynamics
APM platform; acquired by Cisco $3.7B 2017
MuleSoft
Integration platform; acquired by Salesforce $6.5B 2018
Rubrik
Cloud data management; IPO 2024
Anduril
Defense technology; valued $28B+
Guardant Health
Liquid biopsy and oncology diagnostics; public (GH)
Glean
AI-powered enterprise search; board member since 2019