Lightrock closed USD 900m international development fund, investing in folks, planet and productiveness in Europe, India and Latin America

LONDON, July 8, 2021 /PRNewswire/ — Lightrock, a world impression non-public fairness agency investing into scalable and tech-driven companies round the important thing impression themes of individuals, planet, and productiveness, closed its Lightrock Development Fund I at USD 900m, with investments from LGT and its non-public shoppers.

Lightrock is a world non-public fairness platform headquartered in London, backing purpose-driven entrepreneurs tackling the world’s greatest challenges. With over 60 investments, the corporate already has one of many largest impact-focused development portfolios in Europe, Latin America and India. Extra not too long ago, Lightrock has additionally began constructing out a portfolio of investments throughout Sub-Saharan Africa. It invests in corporations that pursue scalable and expertise pushed enterprise fashions round the important thing impression themes “folks”, “planet” and “productiveness”. Particular funding sectors inside these themes embody schooling, healthcare, entry to finance, mobility, transportation, renewables and round economic system transition. Lightrock investments throughout these themes and sectors align with international mega-trends and contribute to the United Nations Sustainable Growth Objectives.

Lightrock brand

The Lightrock Development Fund I invests development capital into companies predominantly at sequence B or C within the goal areas Europe, Latin America and India and in Lightrock’s key impression themes. With LGT as its anchor investor, the fund has already invested into 26 corporations, together with 5 unicorns, throughout these areas and themes. The portfolio contains Infarm, an city farming enterprise from Germany offering revolutionary modular vertical farms that may be positioned in grocery shops and retail distribution facilities; German sustainable aviation firm Lilium; PharmEasy, the most important e-pharmacy firm in India; and Creditas, a number one fintech firm in Latin America. The fund’s most up-to-date investments embody digital insurer wefox, graph database platform Neo4j, and a follow-on funding in MedTech firm CMR Surgical, the place Lightrock is invested since 2016.

Traders within the Lightrock Development Fund I embody LGT Non-public Banking shoppers, who’ve invested through the Lightrock Evergreen Fund, and LGT Group Basis. The Lightrock Evergreen Fund was launched by LGT Non-public Banking and met giant curiosity and demand, leading to a five-fold oversubscription of the preliminary goal dimension (the Fund is closed for brand new subscriptions). LGT is a number one worldwide non-public banking and asset administration group with USD 272 billion in AuM from non-public and institutional shoppers. The Lightrock Development Fund I has been closed at USD 900m of commitments.

Pal Erik Sjatil, CEO and International Managing Companion of Lightrock, says: “Our international funding focus on the intersection of impression, development and tech proves interesting to quite a lot of buyers, because the success of the Lightrock Development Fund I demonstrates. Constructing on our long-term partnership with LGT and the dedication of the Princely Household of Liechtenstein to entrepreneurship and constructive impression, we look ahead to backing extra purpose-driven founders and their groups in scaling their companies.”

About Lightrock

Lightrock is a world non-public fairness agency backing purpose-driven entrepreneurs tackling the world’s greatest challenges via entrepreneurial and tech-driven options.

Lightrock’s funding portfolio contains greater than 60 investments in fast-growing corporations that present services and products with a constructive impression on society and the atmosphere. The corporate employs over 50 folks throughout 5 places of work in Europe, India, Latin America and Africa.

Lightrock operates as an unbiased firm headquartered in London and is affiliated with the Princely Household of Liechtenstein and LGT, the worldwide non-public banking and asset administration group.

Your contact at Lightrock

Dr. Katharina Sommerrock
Telephone: +41 79 876 1961

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