LFG x Lambda
Terms
Valuation: ~$2B (pre); $2.6B (post)
Round: Series D
Structure: our SPV is purchasing LP interests in a cap table entity (Preferred)
Carry: 20% for Non-Members | 10% for LFG+ Members
Management Fee: 8% (upfront) for Non-Members | 4% for LFG+ Members
Minimum: $25k for Non-Members | $10k for LFG+ Members
Timeline
Commitments due 1/23
Closing on 1/29
Click to Commit
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About Lambda
Founded in 2012, Lambda is a leading AI infrastructure company specializing in deep learning solutions. The company provides GPU-accelerated servers, workstations, laptops, and cloud services pre-configured with popular machine learning frameworks. Serving over 5,000 customers, including Intel, Microsoft, and the U.S. Department of Defense, Lambda supports AI teams across industries like healthcare, finance, and manufacturing. The valuation of the Series C was ~$1.5B.
Conviction Points
Stargate AI Investment: Trump's recently announced $500 billion AI infrastructure investment will drive AI adoption, spurring demand for advanced AI cloud services like Lambda's offerings.
Valuation Opportunity: Our entry at ~4x projected 2025 revenue, compared to market comps like CoreWeave (12-15x revenue), suggests significant upside potential ahead of a targeted 2026 IPO.
Key Investors: Backed by high-profile institutions, including the CIA, Bloomberg, and T. Rowe Price, indicating strong institutional confidence.