Lightrock, previously known as LGT Lightstone Aspada, is a venture capital firm headquartered in Bangalore, India, specializing in growth capital and early-stage investments. The firm focuses on sectors such as fintech, healthcare, agriculture, education, logistics, and essential services, aiming to support companies that address significant global challenges through scalable and technology-driven business models. Lightrock typically invests between $0.5 million and $5 million in companies with annual revenues in the same range. With a portfolio of over 90 high-growth companies across various regions including India, Europe, the US, Latin America, and Africa, Lightrock is committed to backing purpose-driven entrepreneurs. The firm is a subsidiary of the LGT Group Foundation and operates with a dedicated team of over 100 professionals across multiple global offices.
Managing Partner, India and Global Chief Strategy Officer
Divya Venkatavaraghavan
Principal
Nina Cardelús Vilalta
Investor
Past deals in SME
AMBOSS
Venture Round in 2025
AMBOSS GmbH is a digital platform based in Cologne, Germany, that caters to the needs of medical students and physicians. Founded in 2012, the company develops and markets a comprehensive medical study platform that offers valuable resources such as study materials and a question bank. The platform is designed to deliver medical knowledge quickly and efficiently, supporting users in their educational and professional endeavors. Originally established as MIAMED GmbH, AMBOSS has positioned itself as a physician-driven resource, enhancing the learning experience for those in the medical field.
Moniepoint
Series C in 2024
Moniepoint is a financial technology company that offers a comprehensive digital banking and payment ecosystem tailored for small and medium-sized businesses. The platform provides a range of services, including payment processing, credit access, and business management tools. Moniepoint enables businesses to create accounts and accept payments through various offline and online channels, facilitating efficient financial management. By integrating banking solutions with essential business tools, Moniepoint supports organizations in managing their finances and accessing the resources necessary for growth.
Agrolend
Series C in 2024
Agrolend is a digital bank dedicated to providing credit services specifically for the agribusiness sector in Brazil. The company aims to support small and medium rural producers by offering a lending platform that facilitates the purchase of essential agricultural inputs, including seeds, crop protection, and crop nutrition. Utilizing advanced technology and innovative credit analysis methods, Agrolend provides loans without requiring physical guarantees like farms or grains. This approach enables farmers to access sustainable credit necessary for enhancing their production capabilities and encourages investment in equipment and technology, ultimately leading to increased productivity and profitability in the agricultural sector.
M-KOPA
Private Equity Round in 2023
M-KOPA is a company that offers connected asset financing solutions aimed at underbanked customers. Its platform integrates digital micropayments and Internet of Things (IoT) connectivity to provide access to essential products, including solar lighting, televisions, refrigerators, and smartphones. The platform is designed to be accessible, allowing customers to secure financing without the need for a credit history or collateral. By focusing on life-enhancing products and services, M-KOPA aims to improve the quality of life for individuals in underserved markets.
Aspire
Series C in 2023
Aspire is a finance operating system based in Singapore, catering to growing businesses in Southeast Asia. Founded in 2018, the company offers a comprehensive suite of services that includes business accounts for cross-border operations, corporate cards, and automated invoice processing, all integrated with financial management software. Aspire also provides an incorporation service known as Aspire Kickstart, designed specifically for Singaporean companies. By delivering efficient and transparent banking solutions, Aspire enables clients to manage their bank accounts, credit cards, invoicing, and expenses through a unified platform, facilitating improved cash management and informed business decisions.
Lulalend
Series B in 2023
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
NeoGrowth
Series D in 2022
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.
Agrolend
Series B in 2022
Agrolend is a digital bank dedicated to providing credit services specifically for the agribusiness sector in Brazil. The company aims to support small and medium rural producers by offering a lending platform that facilitates the purchase of essential agricultural inputs, including seeds, crop protection, and crop nutrition. Utilizing advanced technology and innovative credit analysis methods, Agrolend provides loans without requiring physical guarantees like farms or grains. This approach enables farmers to access sustainable credit necessary for enhancing their production capabilities and encourages investment in equipment and technology, ultimately leading to increased productivity and profitability in the agricultural sector.
Moniepoint
Series B in 2022
Moniepoint is a financial technology company that offers a comprehensive digital banking and payment ecosystem tailored for small and medium-sized businesses. The platform provides a range of services, including payment processing, credit access, and business management tools. Moniepoint enables businesses to create accounts and accept payments through various offline and online channels, facilitating efficient financial management. By integrating banking solutions with essential business tools, Moniepoint supports organizations in managing their finances and accessing the resources necessary for growth.
4G Capital
Series C in 2022
4G Capital, founded in 2013 and based in Nairobi, Kenya, specializes in providing instant access credit to small business owners in Africa, particularly targeting self-employed informal market traders. The company offers unsecured loans and financial literacy training tailored to micro-entrepreneurs operating in low-income sectors, including agriculture and trade. Utilizing proprietary machine learning technology, 4G Capital delivers insights from data-scarce environments to create scalable credit products that align with clients' business risks and affordability. Clients can access loans quickly through mobile money, and the company achieves high collection rates without requiring collateral or refinancing. With operations in Kenya and Uganda, 4G Capital has positively impacted over one million individuals and demonstrates a strong commitment to improving financial literacy and sustainable growth for small businesses. The company reports significant increases in client revenues and boasts a high percentage of repeat customers, particularly among women and rural traders.
DeHaat
Series D in 2021
DeHaat is a technology-driven platform that delivers comprehensive agriculture services to Indian farmers, aiming to enhance the agriculture value chain's efficiency. It connects small farmers with essential resources such as seeds, fertilizers, equipment, and crop advisory through a network of trained micro-entrepreneurs. Registered farmers gain access to agricultural inputs from competitive sources and receive personalized crop reminders and monitoring support in their local language. The platform facilitates direct sales of farm produce to institutional buyers, allowing farmers to manage their agricultural needs via a toll-free number or mobile application. Additionally, DeHaat offers customized farm advisory and access to financial services, empowering farmers to increase their revenue while maintaining affordability throughout the year.
axio
Venture Round in 2021
Axio is a consumer finance company that focuses on providing accessible money management, pay later options, and personal credit services. By leveraging technology, Axio aims to make credit available to a broad audience, particularly targeting traditionally underserved consumers. Additionally, the company operates as an online platform offering working capital finance to small and medium-sized enterprises (SMEs), thereby supporting their financial needs and growth.
Konfio
Series E in 2021
Konfio is a financial services platform based in Mexico City that focuses on providing online financial solutions for small and medium-sized enterprises (SMEs) and micro-entrepreneurs. Founded in 2013, the company offers a range of products including fixed-rate loans, working capital loans, corporate credit cards, and payment solutions, as well as life insurance and personal debt transfer services. Konfio utilizes a proprietary algorithm that leverages data and technology to assess creditworthiness, enabling access to credit for clients who have been underserved by traditional banking. By offering competitive rates and convenient services, Konfio aims to enhance the growth and productivity of SMEs in Mexico.
Bird
Series C in 2021
MessageBird powers communication between businesses and their customers — across any channel, always with the right context, and on every corner of the planet. Its products and solutions are the foundational building blocks to business communications across preferred channels, like SMS, Voice, WhatsApp, WeChat, Messenger, Email and more. Founded in Amsterdam in 2011, MessageBird connects to billions of devices and is trusted by nearly 20,000 customers. It operates across nine worldwide hubs and is proud to be a “Work Anywhere” company.
Bird
Series C in 2020
MessageBird powers communication between businesses and their customers — across any channel, always with the right context, and on every corner of the planet. Its products and solutions are the foundational building blocks to business communications across preferred channels, like SMS, Voice, WhatsApp, WeChat, Messenger, Email and more. Founded in Amsterdam in 2011, MessageBird connects to billions of devices and is trusted by nearly 20,000 customers. It operates across nine worldwide hubs and is proud to be a “Work Anywhere” company.
Aye Finance
Series E in 2020
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.
salauno
Corporate Round in 2019
Salauno is a network of ophthalmology clinics in Mexico that provides essential eye care services, including treatment for cataracts, glaucoma, pterygium, and diabetic retinopathy, primarily targeting low and middle-income populations. The company emphasizes a patient-centered approach and affordability, setting it apart in the healthcare sector. With a mission to reduce the backlog of eye care services, Salauno's clinics not only aim to prevent and reverse blindness but also utilize a model that allows for cross-subsidies, ensuring that quality eye treatment is accessible to those in need. Currently, Salauno operates 11 clinics across Mexico and has been recognized with several awards for its commitment to social entrepreneurship.
Aye Finance
Series D in 2019
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.
Shiksha Finance
Private Equity Round in 2019
Shiksha Finance is a RBI licensed Non-Banking Financial Company (NBFC) that specializes in providing loans in the education sector. The company's primary focus is on supporting education entrepreneurs who aim to enhance access to quality education, particularly for middle and low-income communities. These entrepreneurs often face financial challenges that hinder their ability to expand school infrastructure and acquire necessary academic resources. Shiksha Finance addresses this gap by offering loans for asset creation, working capital, and school fees, enabling educational institutions to improve their facilities and services. In doing so, the company plays a crucial role in fostering better educational outcomes for children in underserved areas.
The Family
Venture Round in 2018
The Family is an investment firm focused on creating a comprehensive service infrastructure for startups in Europe. It operates by taking a 5% equity stake in exchange for long-term support, providing resources and guidance to emerging companies. The firm has built a diverse portfolio of over 200 active companies located in major cities such as London, Paris, and Berlin. Notable companies in its portfolio include Captain Train, which was acquired by Trainline, as well as Algolia and Payfit. Through its unique model, The Family aims to foster growth and innovation within the startup ecosystem.
Aye Finance
Series B in 2016
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.
Varthana
Seed Round in 2013
Varthana is a financial services company focused on enhancing private education in India by providing tailored financial solutions to low-cost private schools. It partners with education entrepreneurs dedicated to improving access to high-quality education in low-income communities. Varthana offers both secured and unsecured loans designed for various projects, including infrastructure renovations, library and playground additions, laboratory upgrades, smart classroom technology, teacher training programs, and transportation services like school buses. Through its support, Varthana aims to empower private schools to better serve students from economically disadvantaged backgrounds, thereby contributing to the overall improvement of educational facilities in the region.
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