Lightbox Ventures II
Lightbox Ventures · adviser of record: Lightbox Management Limited · 2014 vintage
Lightbox Ventures II is a 2014 venture fund managed by Lightbox Ventures, with $100mm raised (Form D, amount sold). It reported $125mm in gross assets at year-end 2025, 1.25x its size, against a peak of $411mm in 2021.
- Latest value held
- $125mm year-end 2025
- Peak
- $411mm year-end 2021
- Fund size
- $100mm Form D, amount sold
- Held vs. size
- 1.25x peak 4.11x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $125mm | 1.25x | -16% over 2 yrs |
| 2023 | $149mm | 1.49x | -42% |
| 2022 | $258mm | 2.58x | -37% |
| 2021 | $411mm | 4.11x | +49% |
| 2020 | $276mm | 2.76x | +16% |
| 2019 | $239mm | 2.39x | +29% |
| 2018 | $185mm | 1.85x | +16% |
| 2017 | $160mm | 1.60x | +51% |
| 2016 | $106mm | 1.06x | +6% |
| 2015 | $100mm | 1.00x | – |
Other funds from Lightbox Ventures
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-2497554352. Data updated October 13, 2026.
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