Lightrock, a London, UK-based global impact private equity firm, closed its Lightrock Growth Fund I, at USD 900m.
Investments include LGT and its private clients.
Led by Pal Erik Sjatil, CEO and Global Managing Partner, Lightrock is a global impact private equity firm investing into scalable and tech-driven businesses around the key impact themes of people, planet, and productivity.
With over 60 investments, the company already has one of the largest impact-focused growth portfolios in Europe, Latin America and India. More recently, Lightrock has also started building out a portfolio of investments across Sub-Saharan Africa. It invests in companies that pursue scalable and technology driven business models around the key impact themes “people”, “planet” and “productivity”. Specific investment sectors within these themes include education, healthcare, access to finance, mobility, transportation, renewables and circular economy transition. Lightrock investments across these themes and sectors align with global mega-trends and contribute to the United Nations Sustainable Development Goals.
The Lightrock Growth Fund I invests growth capital into businesses predominantly at series B or C in the target regions Europe, Latin America and India and in Lightrock’s key impact themes.
With LGT as its anchor investor, the fund has already invested into 26 companies, including five unicorns, across these regions and themes. The portfolio includes:
- Infarm, an urban farming business from Germany providing innovative modular vertical farms that can be placed in grocery stores and retail distribution centers;
- German sustainable aviation company Lilium;
- PharmEasy, a large e-pharmacy company in India; and
- Creditas, a fintech company in Latin America.
The fund’s most recent investments include digital insurer wefox, graph database platform Neo4j, and a follow-on investment in MedTech company CMR Surgical, where Lightrock is invested since 2016.