Lighthouse Canton to launch ₹250 cr fund to back portfolio winners

livemint.com:

₹250 crore momentum fund, with a greenshoe option, to invest in high-performing portfolio companies. "We plan to invest in 15-20 high-potential companies from the LC Nueva Fund. These companies have demonstrated exceptional growth and have significantly enhanced their operating metrics," CEO and co-founder Shilpi Chowdhary told Mint in an interview.

The investment firm plans to complete deploying capital in about two years from closing. "The idea is that these are good winners that can be a 10x or multi-baggers from here.. the aim is keep reinvesting on these (companies) because this is a competitive and challenging space as all your investments are not going to pay always," he said, without disclosing any details of companies.

However, Chowdhary added that these companies have achieved successful up rounds, which "showcases their progress and potential". With an average ticket size of about $2 million, the LC Nueva Momentum fund will be an India-focused fund and may also look at other similar companies where there could be secondaries available. The India-focused LC Nueva fund which is about $42 million in size, is a joint venture between Lighthouse Canton and Nueva Capital and has invested in about 33 startups so far.

This fund primarily invests in pre-series A or series A rounds with an initial ticket size of $1-2 million. While the investment firm has a sector-agnostic approach, it has a proclivity towards health-tech, consumer-tech, fintech & education-tech businesses. Meanwhile, the venture debt arm, which has raised over $35 million so far, aims to provide working capital solutions to about 35-40 companies in India and Southeast Asia at stages Series A and above with a ticket size ranging between $1 million and $5