Lighthouse Canton raises $40M led by Peak XV Partners
The newly raised funds will be used to scale its technology infrastructure, hire senior talent, expand its product capabilities, and pursue geographic growth opportunities.
Investment firm Lighthouse Canton on Wednesday raised $40 million in a round led by Peak XV Partners. The round also saw participation from Nextinfinity and existing investor Qatar Insurance Company.
This marks the firm’s first external fundraise. According to the company, the newly-raised funds will be used to improve its technology infrastructure, hire senior talent, expand its product capabilities as well as pursue geographic growth opportunities across high-potential markets.
“This is a defining milestone for us,” said Shilpi Chowdhary, Group CEO of Lighthouse Canton. “We have built Lighthouse Canton with an institutional mindset, independently, for more than ten years, guided by a long-term vision of creating a world-class, client-aligned investment platform. With Peak XV and our strategic partners, we are deepening our capabilities, institutionalising further, and positioning ourselves for the next decade of growth.”
Founded in 2014, Lighthouse Canton currently manages over $5 billion in assets across Singapore, India, UAE, and the United Kingdom. The firm’s wealth management business provides personalised solutions for families, wealth, and businesses for HNIs, entrepreneurs, and family offices.
The company’s asset management business comprises internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate, private equity, private credit, venture capital, growth debt, and public equities.
According to the company, the fundraise marks a new chapter and it intends to focus on scaling, innovating and gaining institutional depth to deliver its clients with results.
Edited by Affirunisa Kankudti