Eric Ong
Partner at Lightbank Investor
New York, New York
Overview
Work Experience
Partner
2016 - Current
$700M AUM early stage VC fund investing out of a $290m Fund III that initially invests across pre-seed / seed / series A rounds. Areas of interest include startups building vertically focused technology or tech-enabled services for consumer & SMBs. Partner on the Investment Committee. The partners at Lightbank have started companies such as Tempus (NASDAQ: TEM), Groupon (NASDAQ: GRPN), Echo Logistics (NASDAQ: ECHO), Mediaocean (acq. by Vista Equity) and Innerworkings (Nasdaq: INWK). The fund's portfolio companies has created over $25B in enterprise value and include companies such as Sprout Social (NASDAQ: SPT), Fiverr (NYSE: FVRR), Udemy (NASDAQ: UDMY), Tastytrade (acq. by IG Group), Boom Supersonic, Expel and others. Active: Aropha, Felux, GamerGains, Hello Divorce, Justpoint, Mickey, Paytient, Protiv Previous: Clearcover, Riskmatch (acq. by Vertafore), Super, Coffee Meets Bagel
Lightbank is a $700M AUM VC led by Eric Lefkofsky investing across AI, SaaS, marketplaces, healthcare, fintech and consumer.
Pre-Seed Investor
2023
co-led pre-seed round
Board Observer
2022
seed round
Using AI to identify sources of harm and eliminate them by using the litigation system to hold responsible parties to account.
Raised $58,640,000.00 from Divergent Capital, Interplay, Beyond Capital, Weekend Fund, Honeystone Ventures, Ali Moiz, Charge Ventures, Crossbeam Venture Partners, Lightbank and Vijay Krishnan.
Board Observer
2021
co-led pre-seed round
Hello Divorce offers an easier and cheaper way to handle divorce processes with online tools and legal services.
Raised $5,250,000.00 from Alumni Ventures, Moderne Ventures, Gaingels, Lightbank, Northwestern Mutual Future Ventures, Pitbull Ventures, Chaos Ventures, CEAS Investments, CMFG Ventures Discovery Fund and Jack Newton.
Board Observer
2021
seed round
Felux is a B2B marketplace and supply chain platform for the steel and industrial industries.
Raised $24,100,000.00 from Suffolk Technologies, 8VC, Signia Venture Partners, Takeoff Capital, Jumpstart Ventures, EquipmentShare, Expa, Lightbank and Takeoff Capital.
Board Member
2020
led pre-seed round
Mickey is a B2b marketplace for lumber allowing buyers to purchase online with automatic fulfillment.
Raised $11,237,000.00 from Lightbank, UpHonest Capital, RiverPark Ventures, Ellen Ma, Lerer Hippeau and Correlation Ventures.
Board Observer
2019
led pre-seed round
Paytient helps people make better healthcare decisions by improving their ability to pay for care.
Raised $62,900,000.00 from Bertelsmann Investments, Inspired Capital Partners, BoxGroup, Left Lane Capital, Commerce Bank, Crossbeam Venture Partners, Lachy Groom, Mercato Partners and Felicis.