Former teenage serial entrepreneur Lachy Groom eyes up to $100m for second fundraise


Lachy Groom, a former teenage startups pioneer who went on to become an early employee of Stripe, is out raising up to $100m for a new venture capital fund.

His firm LGF previously raised at least $48m for its debut fundraise, a seed-stage investment vehicle.

Groom had already hit the headlines as a serial entrepreneur before he was 18, having launched his first tech company at 13 years old.

That business, PSDtoWP, turned photoshop documents into WordPress pages, and was bought after nine months by a consulting business.

He joined global payments business Stripe in 2012, spending six years at the company, most recently as head of Stripe Issuing, an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards.

LFG II is yet to register any commitments according to a filing the firm submitted to the US SEC.

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