Lightrock
Global growth-equity investor backing technology companies with a measurable impact mandate
On 14 September 2026, Lightrock led an €300 million Series C in British satellite maker Open Cosmos alongside ETF Partners, in a round with no American investor.
Last refreshed: 22 September 2026 · Appears in 1 active topic
Timeline for Lightrock
Joined Open Cosmos's funding syndicate
UK Startups and Innovation: Open Cosmos raises €300m, no US nameBackground
Lightrock manages roughly $5.8 billion in assets as a global growth-equity platform spun out of Swiss private bank LGT. It backs technology-enabled companies with cheque sizes typically between $10 million and $50 million, grouped under three themes it calls people, Planet and productivity, spanning fintech, edtech, cybersecurity, healthcare and climate.
The Firm has raised funds by geography and theme, including a $900 million Growth Fund I, an €860 million climate-focused fund aimed at net-zero growth companies, and a $300 million fund targeted at Latin America, alongside activity across Europe and India.
That spread of thematic and regional funds lets Lightrock back companies at a growth stage where founders need patient, impact-minded capital rather than a fast exit, a positioning distinct from generalist growth-equity firms chasing the largest possible returns alone.
Lightrock backs a non-US satellite round
Lightrock led the round with ETF Partners, its first public role in the funding of a British dual-use space company. The Firm normally writes cheques of $10 million to $50 million across fintech, edtech, cybersecurity, healthcare and climate, grouping its bets under themes it calls people, Planet and productivity.
Open Cosmos fits that productivity lens: earth observation and satellite connectivity support the climate monitoring and infrastructure use cases The Firm already backs elsewhere. The deal adds a UK space company to a portfolio built from Lightrock's roughly $5.8 billion in assets, spun out of Swiss private bank LGT.
What does Lightrock invest in?
Did Lightrock lead Open Cosmos's funding round?
Where did Lightrock spin out from?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 September 2026. Editorial standards.