Dealflow | July 13, 2021

LGT’s Lightrock closes $900 million fund for tech-driven impact

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, July 13 — LGT, the $272 billion private banking and asset management firm of the royal family of Liechtenstein, launched Lightrock in 2009 (see, “LGT acquires Aspada from Soros to expand Lightstone impact investing platform).

The new growth fund will invest in Series B or C rounds of purpose-driven enterprises using technology to address challenges in education, healthcare, access to finance, mobility, renewable energy and the circular economy.

Lightrock has made 60 investments to date in Latin America, Europe and India.

Growth capital

Lightrock Growth Fund I already has backed 26 companies, including Indian online pharmacy PharmEasy, German vertical farm provider Infarm and Brazilan fintech Creditas.

LGT invested in the fund through its Lightrock Evergreen Fund, which it launched in May for its private banking clients. LGT Group Foundation also invested.