Lightstone

New York, United States Founded: 1988 • Age: 38 yrs
Real estate investor, developer, lender, and operator creating long-term value
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About Lightstone

Lightstone is a company based in New York (United States) founded in 1988 by David Lichtenstein and Barry Farkas.. Lightstone has raised $18 million across 10 funding rounds from investors including Goldman Sachs, Citi and Dime Community Bank. The company has 306 employees as of December 31, 2017. Lightstone offers products and services including Real Estate Development and Asset Management.

  • Headquarter New York, United States
  • Employees 306 as on 31 Dec, 2017
  • Founders David Lichtenstein, Barry Farkas
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Lightstone
Operational Areas
Key Metrics
  • Annual Revenue
  • Net Profit
    $-3.54 M
    -1786
    as on Dec 31, 2019
  • EBITDA
    $-2.01 M
    -266
    as on Dec 31, 2019
  • Total Equity Funding
    $18 M (USD)

    in 10 rounds

  • Latest Funding Round
    $165.6 M (USD), Debt – Conventional

    Jan 12, 2024

  • Investors
  • Employee Count
    306

    as on Dec 31, 2017

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Products & Services of Lightstone

Lightstone offers a comprehensive portfolio of products and services, including Real Estate Development and Asset Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Real estate properties are developed in residential and hospitality sectors to create long-term value

Real estate assets are managed through acquisition, improvement, and operational strategies

People of Lightstone
Headcount 50-200
Employee Profiles 55
Employee Profiles
People
Mitchell C. Hochberg
President
People
Naftalee Zomberg
SVP, Finance & Treasurer
People
Soren Godbersen
Chief Growth Officer
People
Terri Reynolds
Associate General Counsel And Vice President

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Funding Insights of Lightstone

Lightstone has successfully raised a total of $18M across 10 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $165.6 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 10
  • Last Round Debt – Conventional — $165.6M
  • First Round

    (01 Nov 2017)

  • Investors Count 8
Date Amount Transaction Name Valuation Lead Investors Investors
Jan, 2024 Amount Debt – Conventional - Lightstone Valuation

investors

Mar, 2019 Amount Debt – Conventional - Lightstone Valuation

investors

Feb, 2019 Amount Debt – Conventional - Lightstone Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Lightstone

Lightstone has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, Citi and Dime Community Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
KSL Capital Partners is focused on travel and leisure investments.
Founded Year Domain Location
Investment banking services are delivered across multiple financial sectors.
Founded Year Domain Location
Real estate asset management and origination platform
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Lightstone

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Lightstone

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Lightstone Comparisons

Employees
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Competitors of Lightstone

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Lightstone

Frequently Asked Questions about Lightstone

When was Lightstone founded?

Lightstone was founded in 1988 and raised its 1st funding round 29 years after it was founded.

Where is Lightstone located?

Lightstone is headquartered in New York, United States. It is registered at New York, New York, United States.

Who is the current CEO of Lightstone?

David Lichtenstein is the current CEO of Lightstone. They have also founded this company.

Is Lightstone a funded company?

Lightstone is a funded company, having raised a total of $18M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $187M, raised on Nov 01, 2017.

How many employees does Lightstone have?

As of Dec 31, 2017, the latest employee count at Lightstone is 306.

What does Lightstone do?

Lightstone was founded in 1988 and is headquartered in New York, United States. Operations are focused on real estate sectors such as multifamily, hospitality, commercial, and life sciences. Properties are identified, acquired, and improved, while unique developments are undertaken. Capital is deployed through various investment vehicles, and assets are managed to support stakeholder interests. Lending services are also provided across these areas.

What products or services does Lightstone offer?

Lightstone offers Real Estate Development and Asset Management.

Who are Lightstone's investors?

Lightstone has 8 investors. Key investors include Goldman Sachs, Citi, Dime Community Bank, Bank OZK, and Canyon Partners.

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