Lachy Groom

Lachy Groom is the sole general partner; there is no partnership to describe, and that is the structural point of the vehicle. He joined Stripe as its thirtieth employee straight out of high school and worked across product, growth and operations, ultimately serving as head of Issuing, the card-issuing product line, and leading Stripe's expansion into Singapore, Hong Kong and New Zealand. That operating exposure to payments and financial infrastructure underpins the fintech concentration in his portfolio, which includes Ramp, Mercury, Pilot, Modern Treasury, Vercel and Retool.

Before Stripe he had already built and sold several small internet businesses as a teenager, beginning with HTML and CSS work at eleven. Groom is also a co-founder of Physical Intelligence, a San Francisco robotics company building machine learning models that generalize across hardware platforms, backed by Sequoia Capital, Khosla Ventures and Thrive Capital.

Lachy Groom invests through LGF as sole general partner, one of the clearest examples of the solo-capitalist structure that emerged around 2020. LGF I raised $48 million and backed Figma, Notion, Ramp and Lattice. LGF II followed at approximately $100 million in 2020, with investments including WorkOS and Daily. LGF III closed at $250 million in 2021; its first investment was Blues Wireless, whose $22 million round Groom co-led with Sequoia Capital in March 2022.

In July 2026 he raised a pair of $300 million funds, one for early-stage deals and a second for even earlier-stage positions, a barbell that separates first-check risk from follow-on concentration rather than running both from a single pool. That takes cumulative capital raised across the vehicles to roughly $1 billion. The scale is unusual for a single decision-maker with no institutional platform, and the funds now compete directly with multi-partner firms for allocation in enterprise infrastructure, fintech and artificial intelligence rounds.