Lightrock, the London-based backer of neobank Niyo and “wood modification” company Kebony, has secured about $834 million (€860 million) for a new fund focused on climate tech. The private equity and venture firm says it will pump the money into startups focused on areas such as clean energy, decarbonization and sustainable agriculture.
Lightrock plans to write checks as small as $10 million, and up to around $39 million, for startups in Europe and North America. Back in May, the investor announced its first fund for startups in Latin America.
Lightrock has ties to royalty through a web of subsidiaries, which means the money it raised likely wasn’t too tricky to find. The firm is owned by LGT, which makes investments for rich people and institutions. LGT’s owner is the royal family of Liechtenstein, which has ramped up its environmental and social impact investments since that really big tax scandal.
LGT promotes
