LGT’s Lightrock secures $300 million for impact tech in Latin America

ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, May 23 — Lightrock has raised $300 million to invest in companies in Latin America with tech solutions for people, the planet and productivity. The new fund of the London-based private equity investor is anchored by LGT Group, the investment house of the Princely House of Liechtenstein, alongside allocations from Bradesco and XP Inc., BNDES and several local family offices.

The firm is looking to increase its investments in Latin America to more than $1 billion over two years, said Lightrock’s Marcos Wilson Pereira. “We will continue to back innovative and ready-to-scale businesses that contribute positively to society and the environment.”

Lightrock has deployed more than $400 million in Latin America since 2017. Among its 11 Latin America portfolio companies are Colombian enterprise tech startup Tul, Mexican small business fintech Konfio and Chile’s Betterfly, which recently became Latin America’s first B-certified unicorn.

Lightrock aims to attract another $100 million in co-investment opportunities from the limited partners.